| Madoff: SEC defends its role
January 27, 2009 at 8:14 pm
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|  The Securities and Exchange Commission's director of enforcement told a Senate committee Tuesday that the agency lacks the resources to pursue all the leads and tips about possible fraud that come to it. |
| Yahoo beats estimates - a win for CEO
January 27, 2009 at 7:18 pm
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|  Yahoo Inc. reported a fourth-quarter net loss Tuesday, but the Internet search engine's earnings, after adjusting for certain one-time charges, beat analysts' expectations. |
| Treasury: $386M to healthy banks
January 27, 2009 at 6:54 pm
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|  The Treasury Department announced Tuesday that it had provided about $386 million in investment capital to 23 local banks in an effort to make cash available to small businesses and consumers. |
| Microsoft and Yahoo: Deal or no deal?
January 27, 2009 at 6:41 pm
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|  "I didn't come here to sell the company." That was the answer Carol Bartz gave at her first earnings presentation since being installed two weeks ago as Yahoo CEO. "I am here because I see a tremendous collection of assets, and because I want to help make Yahoo stronger." But when addressing the question whether she would sell the Internet company's search business, Bartz did not offer the same emphatic, "no." |
| Fed to modify troubled mortgages
January 27, 2009 at 6:37 pm
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| As required by the federal bailout law, the Federal Reserve will look to prevent foreclosures by modifying the terms on certain delinquent loans, lawmakers said Tuesday. |
| Citi downplays nationalization fears
January 27, 2009 at 5:55 pm
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|  Citigroup CEO Vikram Pandit downplayed the notion that his bank, or any other major financial institution for that matter, would be taken over the by the U.S. government. |
| Santander to reimburse Madoff victims
January 27, 2009 at 3:46 pm
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|  Read full story for latest details. |
| Missing fund manager arrested
January 27, 2009 at 3:39 pm
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|  A missing Florida fund manager has been arrested in Tampa on charges of securities and wires fraud, according to a complaint filed in a Manhattan federal court on Tuesday. |
| Delta reports $1.4 billion loss
January 27, 2009 at 2:07 pm
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|  Read full story for latest details. |
| Your TARP money at work, on Wall Street
January 27, 2009 at 1:59 pm
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| Pfizer's blockbuster $68 billion acquisition of Wyeth sure has the whiff of nostalgia about it. Not only was the deal announced on a Monday morning after a weekend of furtive negotiating -- when was the last time a major deal, rather than a bailout, was announced on a Monday morning? -- but also its massive size and the fact that seven banks "advised" on it also seemed to be a return to the good old days of 2006 and early 2007 when Merger Mondays were all the rage. |
| Cautious optimism on Wall Street
January 27, 2009 at 1:53 pm
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|  Stocks rallied Tuesday afternoon as investors took the morning's abysmal economic news in stride and breathed a sigh of relief that some of the quarterly earnings have been less awful than expected. |
| State Farm to exit Fla. homeowner insurance
January 27, 2009 at 1:35 pm
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|  Florida's largest private insurer is pulling the plug on homeowners' policies in the state, citing the losses suffered since the brutal 2004 hurricane season. |
| Layoffs aren't the answer
January 27, 2009 at 1:22 pm
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|  Another day, another job cut announcement by a major company. |
| All eyes on Wells Fargo
January 27, 2009 at 1:21 pm
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|  Nearly all of the nation's largest banks have reported dreary fourth-quarter results, and now investors are wondering if Wells Fargo will do the same. |
| Unemployment sweeps nation
January 27, 2009 at 1:21 pm
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|  Unemployment spiked in all states nationwide in December for the first time as companies shed hundreds of thousands of positions, federal data released Tuesday shows. |
| Plastic power
January 27, 2009 at 1:20 pm
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|  Inside a converted textile mill in Lowell, Mass., Rick Hess unfurls a roll of brown plastic film attached to a small electric meter. "Three volts," he says, smiling. "And that's just from the light in this room. Imagine what this reads when we're outside." |
| William Dudley named NY Fed president
January 27, 2009 at 12:48 pm
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|  The Board of Directors of the Federal Reserve Bank of New York appointed William C. Dudley as its new president, according to a statement from the district central bank released Tuesday. |
| Citi says no to $45 million jet
January 27, 2009 at 12:42 pm
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| The Obama administration pressed struggling Citigroup to reverse course after a Treasury Department official called the company Monday and "told them it was unacceptable" to accept delivery of a new $45 million corporate jet, a senior administration official said. |
| Oil falls as economy weakens
January 27, 2009 at 12:40 pm
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|  Oil prices fell more than $2 a barrel Tuesday after several key reports showed continuing weakness in the U.S. economy. |
| Consumers flip for mini camcorders
January 27, 2009 at 12:39 pm
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|  When employees at Pure Digital Technologies get caught watching user-generated videos at work, they don't have to worry. The clips come from their customers, shot on the Flip video cameras the company makes. |
| Will merger be Pfizer's miracle drug?
January 27, 2009 at 12:33 pm
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|  Wall Street analysts have been urging pharma giant Pfizer to do something big and something soon. So that's what Pfizer did. The company's proposed acquisition of Wyeth in a deal valued at $68 billion is big, in fact the biggest pharma deal in almost a decade. But is it the right thing to fix Pfizer's particular set of problems? The New York City-based company has faced increased scrutiny as the looming expiration of its blockbuster statin drug Lipitor, which brings in about a quarter of Pfizer's revenue, is set to expire in 2011. What's more, the flow of new drugs through the company's pipeline has slowed considerably. |
| Thain subpoenaed for Merrill bonuses
January 27, 2009 at 12:26 pm
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| Read full story for latest details. |
| Dollar rises on record-low consumer confidence
January 27, 2009 at 12:08 pm
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|  The dollar rose against the euro on Tuesday as investors flocked to the safe-haven greenback after a record-low U.S. consumer confidence report. |
| Obama, GOP to discuss stimulus plan
January 27, 2009 at 12:07 pm
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| In the first real test of bipartisanship for his new administration, President Barack Obama heads to Capitol Hill Tuesday to discuss his proposed $825 billion economic stimulus plan with congressional Republicans. |
| Semi-smart money stays at home
January 27, 2009 at 11:38 am
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| In his inaugural address President Obama took just a few sentences to make the simplest and most compelling possible argument for buying stocks now: |
| Why it can hurt so much to sell
January 27, 2009 at 11:24 am
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| Let's say you bought two stocks last year. One has tanked and looks likely to fall further. One has gone up and you expect it to keep rising. (Hey, it's not completely impossible.) Which are you more apt to sell? |
| Correcting my Social Security slip-ups
January 27, 2009 at 10:55 am
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| Normally, I wait until the end of the year to write my "mea culpa" column discussing my mistakes. This year, December has arrived in January because of a mistake I made in my Social Security column two weeks ago. Compounding the problem, I omitted something that I should have included. |
| Coming soon: Electric bandages
January 27, 2009 at 10:37 am
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|  It may sound like quack medicine, but electricity can help cuts and wounds heal faster. Studies published in the journal Nature in 2005 confirmed it: Our cells work like tiny chemical batteries. Wounds short-circuit them, and a jolt of voltage helps heal them. |
| Verizon profit up, but wireless slows
January 27, 2009 at 8:10 am
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|  Read full story for latest details. |
| Going back to school to get a job
January 27, 2009 at 8:03 am
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|  Landing a new job in this withering economy may require a stop in school first. |
| $825B question: How fast will it work?
January 27, 2009 at 7:58 am
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| President Obama on Tuesday will turn up the heat on his push for an $825 billion economic recovery package when he goes to Capitol Hill to meet with Republicans critical of his plan. |
| Corning slashes 3,500 jobs
January 27, 2009 at 7:57 am
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|  High-tech glass and ceramics maker Corning Inc. announced Tuesday it will cut 3,500 jobs, or 13% of the company's workforce, by the end of 2009. |
| Mostly upbeat start seen for stocks
January 27, 2009 at 7:51 am
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|  U.S. stocks appeared set for a mostly higher open Tuesday, as investors looked past economic and earnings gloom, and eyed buying opportunities following the Senate's confirmation of the new Treasury secretary. |
| Nomura posts record $3.8 billion loss
January 27, 2009 at 7:48 am
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| Read full story for latest details. |
| DuPont reports loss, trims 2009 forecast
January 27, 2009 at 7:00 am
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|  Read full story for latest details. |
| Just got laid off? Get better severance
January 27, 2009 at 6:25 am
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|  Sure, you read the papers, so you know the ax is falling left and right these days: Home Depot is slashing 7,000 jobs, Caterpillar is laying off 20,000 workers, Microsoft is cutting as many as 5,000 positions, and Pfizer is letting go 10% of its staff of 81,900. Still, you didn't expect it to happen to you. But if you've just left your boss's office with the dire news that your position is being eliminated, what do you do? |
| The man who outfoxed the market
January 27, 2009 at 6:19 am
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|  These are brutally difficult times for automakers worldwide, but as crises go, this one could be a lot worse for Wendelin Wiedeking, Porsche's chief executive for the past 16 years. |
| Spread your money around
January 27, 2009 at 6:13 am
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|  Question: All the financial gurus tell me to diversify my investments. But if I am making money on some investments but losing on others, how is this a great investment plan? Why not just buy a CD and not worry? --John D., Idabel, Oklahoma | |
Read full story for latest details.
The cost of the bank bailout is likely to be much higher than $700 billion.
If 2008 was brutal for retailers' sales, 2009 will be just as turbulent, or even worse, according to an industry forecast Tuesday.
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