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EU competition officials probing Google-Yahoo deal

BRUSSELS, Sep. 15, 2008 (Reuters) — European Union antitrust watchdogs are looking into a planned deal between Internet giants Google Inc and Yahoo Inc to share some advertising revenue. ...  > full story

Paulson says prepared to act to ensure stability

WASHINGTON, Sep. 15, 2008 (Reuters) — U.S. Treasury Secretary Henry Paulson said on Monday the U.S. financial system remained sound despite current stresses and said he was prepared to take further actions if necessary to maintain stability. ...  > full story

Fed rate cuts seen possible amid market storm

WASHINGTON, Sep. 15, 2008 (Reuters) — The Federal Reserve seems likely to stop short of lowering interest rates on Tuesday, but could signal a willingness to do so soon as it seeks to settle financial markets jolted by the bankruptcy of Lehman Brothers Holdings Inc . ...  > full story

NY Fed hosting meetings on AIG: official

WASHINGTON, Sep. 15, 2008 (Reuters) — The New York Federal Reserve was hosting meetings on Monday on the situation of embattled insurer American International Group Inc with representatives of the Treasury Department, financial services firms and state officials, an official said on Monday. ...  > full story

Lehman moving to sell all of investment management unit: report

, Sep. 15, 2008 (Reuters) — Lehman Brothers Holdings Inc is moving to sell 100 percent of its investment management unit, Wall Street Journal reported on Monday. ...  > full story

GE tumbles on financial worry

DETROIT, Sep. 15, 2008 (Reuters) — General Electric Co shares tumbled for a second straight trading day on Monday to a five-year low as investors scrambled to reduce their exposure to the financial sector following the bankruptcy of Lehman Brothers Holdings Inc . ...  > full story

National City wins OK for $7 billion

NEW YORK, Sep. 15, 2008 (Reuters) — National City Corp , a U.S. Midwest regional bank battered by mortgage losses, has won stockholder approval to authorize new shares to allow for a $7 billion capital infusion, the bank said on Monday. ...  > full story

Hedge funds dealt another blow by Lehman failure

LONDON, Sep. 15, 2008 (Reuters) — The bankruptcy filing of Lehman Brothers is another blow for the hedge fund industry, though the writing has been on the wall long enough for many to have reduced their exposure to the U.S. investment bank. ...  > full story

Citi, exposed to Lehman, says it has ample capital

NEW YORK, Sep. 15, 2008 (Reuters) — Citigroup , the top U.S. bank by assets, sought to reassure investors that its exposure to bankrupt investment bank Lehman Brothers Holdings Inc would not excessively damage its capital position. ...  > full story

Financial shares fall after Lehman, Merrill news

NEW YORK, Sep. 15, 2008 (Reuters) — Shares of big U.S. financial companies fell on Monday, dragged down by growing concern about the health of the financial industry, after Lehman Brothers Holdings Inc filed for bankruptcy protection and Merrill Lynch & Co Inc agreed to be taken over. ...  > full story
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