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Big banks that got big bailout bucks should return the favor by lending more to qualified small businesses, President Barack Obama says. Read More »
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News | obama time big banks small businesses ap
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Take a hard look now. A new agency that consumers were promised would make bankers, credit card companies and mortgage lenders treat them fairly will never look as strong again. Read More »
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News | analysis obamas consumer agency deal ap
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It's a big number that only tells part of the story. The number of banks that have failed so far this year topped 100 on Friday -- hitting 106 by the end of the day -- the most in nearly two decades. Read More »
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News | bank failures hit year weak ap
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Former General Motors Corp. Chairman and CEO Rick Wagoner will retire Aug. 1 with a pension and benefit package the automaker valued at more than $10 million. Read More »
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News | exgm ceo retirement package worth m ap
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Goldman Sachs is emerging as the king of post-meltdown Wall Street. Already the most powerful U.S. financial company before the credit crisis, the bank profited handsomely from Wall Street's rally and the recovering credit markets during the second quarter and distanced itself from the few competitors still standing. Read More »
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News | back big profits wall street powerhouse ap
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General Motors Co.'s top executive described July auto sales as weak compared with the same month last year, but said it's still early. Read More »
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News | gm ceo july sales weaker year ap
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Legislation to overhaul the nation's health systems is unlikely to make it through the House and Senate before the August target set by President Barack Obama and other Democratic leaders, lawmakers said Sunday. Read More »
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News | officials push health care spite delay ap
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Airfare wars and room-rate promotions are usually aimed at vacationers, but airlines and hotels are resorting to similar tactics to regain their traditional cash cow -- the business traveler. Read More »
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News | still traveling business carefully ap
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Republicans lined up Sunday in opposition to a second economic stimulus package, a rare demonstration of unity from an out-of-power political party in search of a rallying cry against President Barack Obama. Read More »
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News | gop unifies stimulus spending ap
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The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. On Thursday, a judge's order allowing GM to sell most of its assets to a new company went into effect, despite a last-minute appeal by plaintiffs in a product liability case. Read More »
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News | gm sale cleared path opens exit chapter ap
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Citigroup Inc. shuffled its top management again Thursday, naming its third chief financial officer of the year and bringing in a new head of its Citibank division as it returns its focus to traditional banking. Read More »
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News | citigroup shuffles executives cfo leaving ap
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After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty. Read More »
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News | weak retail sales june raise worries ap
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Alien robots have transformed into box-office superstars with $200 million in domestic ticket sales in just five days. "Transformers: Revenge of the Fallen" took in $112 million in the sequel's first weekend and $201.2 million since opening Wednesday, according to Sunday estimates from Paramount, which is distributing the DreamWorks movie. Read More »
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News | transformers takes sky m weekend ap
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Management consulting firms Towers, Perrin, Forster & Crosby Inc. and Watson Wyatt Worldwide Inc. said Sunday they will merge to form Towers Watson & Co. in an all-stock deal the companies value at $3.5 billion. Read More »
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News | consulting firms towers perrin watson wyatt merge ap
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The White House left open the possibility Sunday that President Barack Obama might pay for his health care overhaul by taxing employer-provided health insurance even though he had campaigned on not raising taxes on middle-class families. Read More »
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News | white house open tax health benefits ap
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The government deepened its support of the battered domestic auto industry on Thursday, providing auto lender GMAC Financial Services with $7.5 billion in additional aid to keep loans flowing to would-be buyers of GM and Chrysler vehicles. Read More »
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News | government giving gmac b aid ap
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Investors are looking at the economy more skeptically. Stocks retreated more than 2 percent on Wednesday and bond prices rose after two reports suggested the economy is not bouncing back as quickly as investors hoped. Read More »
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News | stocks fall weak retail sales foreclosure jump ap
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Investors cashed in some of their gains Monday as financial stocks pulled back following last week's advance. Three of the banks that the government said had enough capital to handle a deeper recession said they plan to issue shares to help repay loans they received last fall as part of the government's Troubled Asset Relief Program. Read More »
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News | wall street falls steep rally week ap
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Investors found another reason to buy up stocks Wednesday after a report indicated job losses may be slowing. A big improvement in the ADP National Employment Report buoyed the mood on Wall Street and eased worries that banks would need to raise more capital than previously thought. Read More »
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News | stocks climb report job losses slow ap
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WASHINGTON -- Treasury Secretary Timothy Geithner said in February that putting the biggest U.S. banks through "stress tests" was vital to getting the financial system back on solid ground. Read More »
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News | public scrutiny blunted bank stress tests ap

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