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Monthly Archive April, 2008

Accused SocGen trader gets a new job

April 29, 2008

He was tied this year to one of the largest securities scandals in history and faces charges ranging from forgery to unauthorized computer use, […]

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SNB

April 28, 2008

Swiss National Bank Governing Board member Thomas Jordan said the current level of interest rates in Switzerland is “appropriate'' and that the central bank […]

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Motorola earnings miss estimates

April 26, 2008

Cell phone maker Motorola says it lost slightly more money in the first quarter as sales in its key mobile unit fell 39%.
Motorola says […]

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Oil spike fuels airline fears

April 25, 2008

Delta Airlines and Northwest reminded investors Wednesday that hard-hit financial companies haven’t cornered the market for massive writedowns.
Atlanta-based Delta posted a first-quarter loss […]

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RBS aims to raise $24B in new capital

April 24, 2008

Royal Bank of Scotland Group PLC said Tuesday it had suffered further losses of $11.7 billion from the U.S. subprime mortgage crisis and would […]

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Gas prices push higher, oil hits $117

April 20, 2008

Retail gas prices set records again Friday on their seemingly relentless march toward $3.50 a gallon as the price of oil surged to a […]

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Key GM plant shut as workers walk out

April 19, 2008

Hundreds of workers streamed out of a General Motors Corp. assembly plant that makes crossover vehicles on Thursday, threatening the automaker’s ability to build […]

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U.S. pharma market slows

April 17, 2008

America is still the biggest drug market in the world, but its sluggish growth was blown away by most international markets last year, said […]

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Bear Stearns delays first-quarter report

April 15, 2008

Bear Stearns Cos. said Thursday it has delayed the filing of its fiscal first-quarter results because of disruptions caused by its buyout agreement with […]

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Finance chiefs urge IMF keep closer eye on economy

April 14, 2008

Financial leaders on Saturday urged the International Monetary Fund to sharpen its oversight of the global economy, which is burdened by surging food prices […]

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