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Oil down 10%: Economy trumps cuts
March 2, 2009 at 2:53 pm

Oil prices dropped 10% Monday as concerns over a weakening economy overshadowed signs of supply reductions from OPEC.

Dollar gains on euro, pound
March 2, 2009 at 2:46 pm

The dollar rallied against the euro and the pound Monday as the Dow Jones Industrial Average fell below 7,000 for the first time in almost 12 years.

AIG Band-Aid offers no cure
March 2, 2009 at 2:23 pm

The government has a new remedy for sickly financial giants -- but signs of healing remain scarce.

Dow below 7,000
March 2, 2009 at 1:48 pm

Stocks slumped Monday afternoon, with the Dow falling to its lowest point in nearly 12 years after insurance company American International Group's massive quarterly loss battered the financial sector.

Freddie Mac CEO to resign
March 2, 2009 at 1:39 pm

Freddie Mac's chief executive, installed last year after the government took over the troubled mortgage finance company, is resigning, the company and its regulator said Monday.

Hopeful signs for agri-business
March 2, 2009 at 1:23 pm

Given the doom and gloom in much of the commodities world, Syngenta CEO Michael Mack seems awfully chipper.

4 Tips for Saving Money
March 2, 2009 at 1:22 pm

For Mint.com founder Aaron Patzer, personal finance should be "easy and effortless." Following are a few tips from Patzer on saving and spending. (Read more about how he started Mint.com here.)

Making a Mint on personal finances
March 2, 2009 at 1:20 pm

Move over, Microsoft Money and Quicken. As tax season approaches, and the new realities of life in recession set in, consumers increasingly are turning to free, Web-based personal finance tools to manage their money.

Volatility indexes offer hedge for investors
March 2, 2009 at 1:17 pm

Volatility may be the only certainty in the stock market these days.

Courts say Stanford's debt exceeds assets
March 2, 2009 at 1:00 pm

The court-appointed receiver who has been reviewing records from the group of companies run by Texas financier R. Allen Stanford said Monday that some assets remain, but they amount to far less than what is owed.

HSBC to cut more than 6,000 U.S. jobs
March 2, 2009 at 12:53 pm

European bank HSBC is shuttering hundreds of branches in the U.S. that specialize in mortgage and consumer lending, and axing thousands of jobs, as it pulls back from its foray into the American housing market.

Wendy's/Arby's posts near $400M loss
March 2, 2009 at 12:37 pm

Read full story for latest details.

Better World's books talk back
March 2, 2009 at 12:23 pm

Buying books on the Internet involves a familiar procedure: Browse, add to cart, check out and await delivery. So when Christy Mann, a third-year student at Wesleyan College in Macon, Ga., placed an order on the Web site betterworld.com, she was surprised to receive an e-mail that purportedly came from the used book she'd just purchased.

Weak economy...strong dollar
March 2, 2009 at 12:16 pm

Stocks are at their lowest levels in about 12 years. The economy shrunk by more than 6% in the fourth quarter. Companies are laying off people left and right.

Manufacturing index shows surprise rise
March 2, 2009 at 11:59 am

Manufacturing sector activity rose unexpectedly in February, inching up for a second month following eleven straight months of decline, but still indicating contraction, a purchasing managers' group said Monday.

Nortel loss spikes as sales drop
March 2, 2009 at 11:23 am

Read full story for latest details.

Too little, too late for AIG
March 2, 2009 at 11:05 am

Read full story for latest details.

Construction spending at four-year low
March 2, 2009 at 10:28 am

Read full story for latest details.

KKR Financial reports $1.2B loss
March 2, 2009 at 10:08 am

Read full story for latest details.

New spin on vinyl: Bundled MP3s
March 2, 2009 at 9:52 am

Like many music retailers, Nathaniel Bernier was getting squeezed. His store, Wild Rufus Records, in the seaside town of Camden, Maine, was selling fewer CDs. It was suffering as a result of the music industry's broader woes - CD sales nationwide were down a steep 17.5% last year. To make matters worse, the local Wal-Mart was beefing up its music section and drawing customers away.
 

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