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July 15, 2011
Standard & Poor’s has warned that there is a 50 percent chance it will downgrade the U.S. government's credit rating within three months because of the political impasse over the ...
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July 14, 2011
Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers that they would deliver a "self-inflicted" wound to the nation’s economy by holding up efforts to raise the government's ...
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July 13, 2011
Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the current economic lull persists. (July 13)
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July 11, 2011
Stock markets were sharply lower in the U.S. and Europe as investors grapple with debt fears and economic jitters at home and abroad.
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July 11, 2011
Toyota’s luxury brand, Lexus, will end its 11-year streak as the top luxury brand in the U.S. market, due to lost sales in the aftermath of the Japan earthquake and tsunami.
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July 11, 2011
Speaker John Boehner said Monday that he agrees with President Barack Obama that the nation’s borrowing limit must be raised to avoid a government default but insists that House Republicans ...
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July 08, 2011
Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent. (July 8)
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July 08, 2011
President Barack Obama says the uncertainty over whether lawmakers will raise the nation’s debt limit is keeping businesses from hiring. Employers added the fewest jobs in nine months and the ...
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July 07, 2011
The European Central Bank raised interest rates for the second time this year, as was widely expected, in a bid to cool inflation in the euro zone, despite the intensifying debt crisis in Greece ...
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July 07, 2011
Shareholders of NYSE Euronext threw their support behind a $9.6 billion takeover by Germany’s Deutsche Boerse.
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July 07, 2011
The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its signature but troubled foreclosure-prevention program. (July 7)
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July 07, 2011
As the shuttle races around Earth at 17,000 miles per hour, more than 7,000 people at the Kennedy Space Center on Florida’s "Space Coast" will be preparing for unemployment in the coming weeks ...
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June 30, 2011
Union chief Billy Hunter says NBA owners are planning to lock out the players after failing to reach a new collective bargaining agreement, potentially putting the 2011-12 season in jeopardy. ...
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June 29, 2011
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed. ...
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June 23, 2011
The International Energy Agency, which includes the U.S. and 27 other countries, will release 60 million barrels of oil from emergency stocks in an effort to stave off a possible spike in energy ...
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June 23, 2011
Swedish carmaker Saab, owned by Netherlands-based Swedish Automobile, says it can’t pay wages to employees because it hasn't yet obtained necessary short-term funding.
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June 08, 2011
Credit rating agency Moody’s says the UK could be downgraded if fiscal consolidation targets aren't met.
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June 07, 2011
Mazda will build the next version of its mid-size Mazda 6 in Japan; move means Japanese carmaker may end all U.S. production by 2013.
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June 06, 2011
Apple CEO Steve Jobs has briefly emerged from a medical leave as the company unveiled a new storage service and new software for Mac computers and mobile devices. (June 6)
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June 03, 2011
The Dow Jones industrial average and the Standard & Poor’s 500 index have finished their fifth straight week of losses. For the Dow, it's the longest losing stretch since July 2004. ...
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