| Stanford slashes 85% of U.S. employees
March 6, 2009 at 7:16 pm
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|  Read full story for latest details. |
| 17th bank fails this year
March 6, 2009 at 7:04 pm
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|  State bank regulators closed Freedom Bank of Georgia Friday, making it the 17th bank to fail this year. |
| What admired firms don't have in common
March 6, 2009 at 6:25 pm
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|  There are some characteristics that nearly all great companies share--talented senior management, a passion for innovation, and financial strength, among others. But when it comes to how they're organized, the World's Most Admired Companies have little in common. |
| Housing and stock crashes add to job woes
March 6, 2009 at 3:18 pm
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|  If you want to know why the current spike in unemployment is as painful as it is, look no further than the problems in the housing and stock markets. |
| Consumer credit: Surprise $1.8 billion jump
March 6, 2009 at 3:18 pm
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|  Consumer borrowing showed a surprise rise in January, snapping a three-month decline and signaling that households may have started to loosen their purse strings. |
| Obama pushes - and gets pushed
March 6, 2009 at 3:17 pm
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|  President Obama continued this week to push his proposals to bolster the economy, stem the housing crisis and explore ways to reform health care. |
| Stock losses accelerate
March 6, 2009 at 3:16 pm
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|  Stocks hit fresh 12-year lows Friday afternoon as a bleak February jobs report and ongoing concerns about the recession added to Wall Street's worries. |
| Pennies from hell
March 6, 2009 at 3:13 pm
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| All you need is a dollar and a dream. That used to be one of the slogans for the New York State lottery. |
| Judge unfreezes assets of Stanford investors
March 6, 2009 at 2:56 pm
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|  A federal judge has unfrozen the assets of about 12,000 people and groups who invested in companies of R. Allen Stanford, who is accused in a $9.2 billion fraud scheme. |
| Big bank stocks get dumped again
March 6, 2009 at 2:49 pm
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|  Just a day after Citigroup stock dipped below $1, bank stocks endured another selloff Friday, even as investors were encouraged about the strength of West Coast banking leader Wells Fargo. |
| Penny stocks: Too fast, too furious
March 6, 2009 at 2:44 pm
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| Even though Citigroup shares dropped below a dollar Thursday, volume appeared healthy as 577 million shares changed hands. |
| Washington prepares for big bank failure
March 6, 2009 at 2:40 pm
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|  The government is bracing for a big bank failure. |
| Madoff plea may be in play
March 6, 2009 at 2:19 pm
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|  Accused swindler Bernard Madoff has waived his right to a grand jury indictment, his attorney said Friday, a move that may signal a plea deal is in the works. |
| Jobs data speaks of a bottom
March 6, 2009 at 1:41 pm
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| Read full story for latest details. |
| Whole Foods, FTC settle on Wild Oats
March 6, 2009 at 1:29 pm
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|  Read full story for latest details. |
| Bat men
March 6, 2009 at 1:05 pm
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|  It's the annual ritual: First come the pitchers and catchers, next the position players, and then right on their heels, quicker than you can say "Alex Rodriguez" or even "anabolic," the baseball book season. |
| Betting on big oil's comeback
March 6, 2009 at 12:59 pm
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|  With crude down below $45 a barrel, it's hard to see the beauty in oil stocks these days. But with analysts forecasting a rebound in prices, now might be a good time to buy. |
| Why Wal-Mart is surging
March 6, 2009 at 12:28 pm
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|  Wal-Mart, the world's largest retailer, reported unexpectedly strong sales Thursday, a bright spot in an otherwise gloomy retail market. U.S. same-store sales increased 5.1% compared to February 2008, not counting fuel sales. Fortune spoke with ThinkEquity analyst Edward Weller about Wal-Mart's results and the broader retail market. Excerpts: |
| IMF: Big economies need bigger stimulus
March 6, 2009 at 11:54 am
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|  Read full story for latest details. |
| Bear Stearns: a fight over the corpse
March 6, 2009 at 11:35 am
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|  The federal criminal trial of former Bear Stearns hedge-fund managers Ralph Cioffi and Matthew Tannin, which is set to begin in Brooklyn in September, has been expected to be a kind of template for coming Wall Street prosecutions. But the model case is already getting messy. |
| The last movie stores left standing
March 6, 2009 at 11:05 am
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|  The news this week that Blockbuster Video has hired advisors to explore "restructuring" options, which analysts say could include a bankruptcy filing, is bittersweet to the movie rental business's remaining indie stores. |
| Obama's hard act: Keep friends in line
March 6, 2009 at 10:47 am
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|  President Obama's "new era of responsibility" has already drawn criticism as a magician's math act: Add a trillion-dollar universal health care plan to a trillion-dollar (including interest) stimulus package to another quarter-trillion for bank bailouts to 7% average increases in domestic agency spending and -- voila! --the federal deficit drops by half in four years. |
| How to get a green job
March 6, 2009 at 10:25 am
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|  Question 1. Where can I find one of these entry-level green collar jobs? - Casey, Pennsylvania |
| Hired! A new grad lands a new job
March 6, 2009 at 9:14 am
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|  These days, getting a college degree doesn't guarantee you a job. And with so many new grads vying for a limited number of openings in the worst job market in years, it's tough to stand out in a crowd. Employers expect to hire 22% fewer new grads this year than they hired last year, according to a new study conducted by the National Association of Colleges and Employers. That's the first time hiring projections have fallen since 2002, NACE said. |
| Cutting your own salary before cutting staff
March 6, 2009 at 9:07 am
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|  Think being your own CEO means you can't be laid off or have your paycheck pared back? Not quite. Half of the small business owners polled in a recent survey said they've cut their own compensation in response to the economic downturn. |
| Treasurys ease after jobs report
March 6, 2009 at 9:01 am
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|  Treasurys fell Friday morning as European stock prices recovered from earlier losses and investors responded to a dismal report on the U.S. labor market. |
| Unemployment hits 25-year high
March 6, 2009 at 9:01 am
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|  The U.S. economy continued to hemorrhage jobs in February, bringing total job losses over the last six months to more than 3.3 million, and taking the unemployment rate to its highest level in 25 years. |
| Stocks waver on jobs report
March 6, 2009 at 8:53 am
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|  Stocks look set for flat open Friday after the monthly employment report, while showing a huge loss in jobs, came in close to estimates. |
| Job fairs: Long lines and a ray of hope
March 6, 2009 at 8:35 am
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|  Howard La waited 90 minutes on line for the chance to spend three minutes with a recruiter from Charles Schwab. |
| Dollar falls against rivals
March 6, 2009 at 8:19 am
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|  Read full story for latest details. |
| Oil prices climb after rout
March 6, 2009 at 8:08 am
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|  Read full story for latest details. |
| Biotech for bees
March 6, 2009 at 6:55 am
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|  Bee colonies might not seem like the most lucrative market for designer drugs. But the need is urgent: CCD, or colony collapse disorder, a strange syndrome that kills adult worker bees outside the hive, has been reported across the U.S. and Europe. The U.S. Department of Agriculture (USDA) says American beekeepers lost 37% of their hives to CCD last year, after losing 31% the year before. | |
Some fear that the protectionist trend spreading across the globe could escalate into a growth-killing global trade war.
The Senate postponed a planned vote on a $410 billion spending plan Thursday, with Democratic leaders saying they would allow Republican changes to the bill to be considered after coming up just short of the support they needed.
A leading contender to serve as the top deputy to Treasury Secretary Timothy Geithner is no longer under consideration for the post, as 17 top jobs at the department remain unfilled in the middle of the financial crisis.
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