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Investors accuse Citi execs of "suspicious" trades (Reuters)

03-12-2008 13:25

Pedestrians walk past a Citibank branch in Singapore in this November 18, 2008 file photo. An investor lawsuit contends that Citigroup insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health. (Vivek Prakash/Reuters)Reuters - An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health.

UAW to suspend jobs bank, rework healthcare trust (Reuters)

03-12-2008 13:17

United Auto Workers (UAW) President Ron Gettelfinger (L) and General Motors CEO Richard Wagoner talk before the start of a hearing about the automotive industry held by the House Financial Services Committee on Capitol Hill in Washington November 19, 2008. (Kevin Lamarque/Reuters)Reuters - United Auto Workers President Ron Gettelfinger said Wednesday the union would surrender job security protections and delay payments into a historic retiree healthcare trust in concessions intended to help U.S. automakers clinch government aid to survive a sales downturn.

EU businesses: states should buy company debt (AP)

03-12-2008 12:50

AP - European Union businesses called on EU governments Wednesday to buy up company debt to ease financing and help prevent bankruptcies as the economy shrinks.

RIM cuts outlook, held back by slower U.S. economy (Reuters)

03-12-2008 12:48

A new Blackberry Bold handset is seen during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - The weak U.S. economy has finally caught up with Research In Motion, forcing the maker of the BlackBerry smartphone to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue.

UAW to suspend jobs bank, rework health-care trust (Reuters)

03-12-2008 12:40

Reuters - United Auto Workers President Ron Gettelfinger said on Wednesday the union would surrender job security protections and rework a historic retiree health- care trust in concessions intended to help U.S. automakers clinch government aid to survive a sales downturn.

Obama says reviewing TARP, eyeing homeowner relief (Reuters)

03-12-2008 12:36

US President-elect Barack Obama listens to a reporter's question after introducing New Mexico Governor Bill Richardson as nominee for commerce secretary during a news conference in Chicago December 3, 2008. (Jeff Haynes/Reuters)Reuters - President-elect Barack Obama said on Wednesday he is reviewing whether taxpayers are getting maximum bang for the buck from a $700 billion government financial rescue package and indicated particular interest in helping prevent mortgage foreclosures.

SEC adopts new rules for credit-rating agencies (AP)

03-12-2008 11:43

AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.

Mortgage applications post largest gain ever (Reuters)

03-12-2008 11:42

A house sits for sale in North Aurora, Illinois in this July 24, 2008 file photo. (Jeff Haynes/Reuters)Reuters - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.

RIM cuts outlook amid slower U.S. economy (Reuters)

03-12-2008 11:41

A new Blackberry Bold handset is seen during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - The weak U.S. economy has finally caught up with Research In Motion, forcing the maker of the BlackBerry smartphone to cut its quarterly profit estimate as sales slow, margins narrow and a stronger U.S. dollar compresses revenue.

Online retailers see surge on 'Cyber Monday' (AP)

03-12-2008 11:33

A pedestrian walks past an empty storefront during 'Black Friday' shopping day, in the Back Bay neighborhood of Boston, November 28, 2008. (Brian Snyder/Reuters)AP - Like their counterparts at the malls, online merchants finally got some relief with the unofficial start of the holiday shopping season, spurred by a bevy of deals and free shipping offers. But the stronger-than-expected bump in online sales Monday couldn't cancel out a lackluster November.

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