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Investors fled Wall Street again Thursday, driven by worries about the stability of the nation's big banks and General Motors Corp. ...more
March 6, 2009
President Barack Obama hailed the Senate's passage of a massive economic rescue plan on Tuesday but warned that there's more work to do as lawmakers begin difficult talks on a final deal. ...more
February 10, 2009
On Sunday, the 2008 Atlantic hurricane season came to a soggy end. Although this year's season was one of the deadliest on record, most of the death and destruction was visited on islands in the Caribbean. That doesn't make that toll any less horrible. As a practical matter, however, the fact that no major hurricane hit Florida for a second straight year was a good thing for Florida Gov. Charlie Crist and the Legislature. ...more
December 3, 2008
If there was anything certain about the federal bailout of the banking sector, it's that the venture would not stop at the banking sector. Giving out hundreds of billions of dollars in government assistance to one industry is like giving out free beer to the students in one corner of a college campus - it has a way of attracting a crowd. ...more
November 1, 2008
Kuwait moved Sunday to prop up the country's second-largest commercial bank and scrambled to protect depositors at other domestic banks, dashing hopes that oil-rich Arabian Gulf nations would emerge largely unscathed from the global financial crisis. ...more
October 27, 2008
Investors agonizing over a faltering economy sent the stock market plunging all over again today after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The Dow Jones industrials dropped as much as 572 points, more than half their huge 936-point advance from Monday, and all the major indexes fell at least 5 percent. ...more
October 15, 2008
Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage. ...more
October 13, 2008
Action Lock And Safe usually sells a few home safes on Friday and Saturday -- total. But with a struggling banking sector, the Gunn Highway business sold seven safes Friday and two Saturday. ...more
October 13, 2008
Orders to factories for big-ticket manufactured goods jumped unexpectedly in December, good news amid signs the U.S. economy may be tipping toward a recession. ...more
January 30, 2008
Wall Street sold off sharply Monday as concerns about a weakening credit market wiped out investors' enthusiasm about strong retails sales during the holiday weekend. The Dow Jones industrial average fell nearly 240 points. ...more
November 27, 2007
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