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Business & Financial News
Fannie Mae Rental Program - Rent Your Own Foreclosed Home, Deed For Lease?
Major U.S. mortgage finance source Fannie Mae announced on Thursday a program aimed at turning struggling homeowners into renters in their own homes.
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Obama Weighs Steps To Jobless Benefits, Wary On Deficit?
President Barack Obama, who earlier signed a bill to extend jobless benefits and a homebuyer tax credit, said his team was studying new spending on roads and bridges, business tax cuts, refitting buildings to make them...
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Case Against Bear Stearns Men Flawed: Lawyer
The government's allegations of fraud against two former Bear Stearns hedge fund managers were built on "hindsight bias," including...
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Obama: Jobless Rise "Sobering", Looking At Options
U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that...
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GM Could Deploy U.S. Funding Overseas
The U.S. government gave GM $50 million to help it emerge from bankruptcy this summer and support the company through the recession.
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Fortunes Up At AIG In Third Quarter
The U.S. firm with the largest federal bailout package by far, American International Group, said it posted a profit in the third quarter of $455 million.
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Chrysler Wins Over A Key Executive
The head of the largest U.S. auto dealership group, Mike Jackson, said he was confident in Chrysler Group's ability to make a comeback.
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Markets Up Despite Unemployment News
U.S. markets edged up Friday, despite news the unemployment rate rose to 10.2 percent.
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200 Waldenbooks Outlets To Close
U.S. retailer Borders Group Inc. said it would close 200 Waldenbooks outlets in a cost-cutting move that would eliminate 1,500 jobs.
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Frank Lambasts Credit Card Companies
The law also mandates companies give 45 days warning before raising interest rates.
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Skype, eBay Settle Dispute
The online auction company's holdings would drop to 30 percent, while a consortium of buyers would hold 56 percent,...
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Retailers Settle Lead Paint Case In Calif.
The retailers agreed to pay $454,000 in civil penalties, The Los Angeles Times reported Friday.
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Markets Up Despite Unemployment News
U.S. markets edged up Friday morning, despite news the unemployment rate rose to 10.2 percent.
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U.S. Unemployment Soars To 10.2 Percent
For October, economists had predicted a loss of 175,000 jobs and a bump in the unemployment rate to 9.9 percent.
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VIDEO: Inflatable Ford Seat Belt Demo
Ford Motor Company is bringing to market the world's first automotive inflatable seat belts, combining attributes of traditional seat belts and air bags...
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