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Archive for 'business'

New GM CEO promises to make deep, fast cuts

April 2, 2009

Detroit — He doesn’t know exactly what the Obama administration wants him to cut, but Fritz Henderson, the new CEO of General Motors Corp., […]

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Bombardier gets $1.4B CSeries jet order

April 1, 2009

MONTREAL – The aerospace division of transportation manufacturer Bombardier Inc. has won another order for its in-development CSeries aircraft, this one worth about US$1.44 billion […]

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Brown Tells U.S. Congress to ‘Seize the Moment,’ Reshape Banks

March 4, 2009

Gordon Brown told U.S. lawmakers to “seize the moment” created by the credit crunch and election of President Barack Obama and reshape the global […]

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St. Louis banks lend on despite slump

February 23, 2009

As panic gripped the financial markets last fall, and big banks begged for bailouts, fear spread that America’s once free-lending bankers would turn into […]

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January retail sales better than expected

February 13, 2009

Retail sales figures released Thursday revealed better than expected results for January.
The U.S. Commerce Department reported retail sales rose 1 percent last month, but fell […]

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Largest car maker now at a loss

February 8, 2009

TOKYO–Toyota forecast its first annual net loss since 1950 yesterday as plunging demand for cars, especially in the U.S., and the strong yen pummelled […]

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Merkel’s Coalition Forges $66 Billion Stimulus Plan

January 14, 2009

Chancellor Angela Merkel’s coalition agreed to spend an extra 50 billion euros ($66 billion) this year and next and backed a fund to guarantee […]

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Obama seeks $310 billion in tax cuts

January 6, 2009

President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a massive stimulus plan to counter what senior […]

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Kuwait’s Dow fiasco may chill foreign investors

December 31, 2008

Kuwait’s cabinet may have defused a new row with parliament by bowing to calls to scrap a $17 billion deal with Dow Chemical but […]

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2008 could nail its spot as worst year

December 29, 2008

As the U.S. stock market heads into the last week of the year, what was inconceivable just 12 months ago is now a stark […]

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