NEW YORK, Aug. 11, 2008 (Reuters) — Stocks rose on Monday as oil prices closed lower for a sixth day, improving prospects for consumer and business spending. ... > full story
WASHINGTON, July 26, 2008 (Reuters) — The U.S. Congress approved a massive housing market rescue bill on Saturday, offering emergency financing to mortgage titans Fannie Mae and Freddie Mac, and setting up a $300-billion fund to help hundreds of thousands of troubled homeowners. ... > full story
NEW YORK, July 23, 2008 (Reuters) — Costco Wholesale Corp warned on Wednesday that its quarterly profit would miss current Wall Street targets because of soaring energy costs and other inflationary pressures, sending shares of the No. 1 U.S. warehouse club operator down as much as 13.5 percent. ... > full story
LONDON, July 23, 2008 (Reuters) — GlaxoSmithKline Plc , the world's second largest drugmaker, took a bold step into the branded generics marketplace on Wednesday via an alliance with South Africa's Aspen Pharmacare Holdings . ... > full story
FRANKFURT, July 23, 2008 (Reuters) — German drugs and chemicals company Merck KGaA reported a 15 percent rise in second-quarter operating profit on Wednesday thanks to rising sales of liquid crystals and multiple-sclerosis and cancer drugs. ... > full story
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The Homeownership Obsession July 26, 2008 (Newsweek) — The real lessons of the housing crisis have gotten lost. It's portrayed as the financial system run amok; the housing market became a casino. The ...
US Senate approves housing bill July 26, 2008 (BBC News) — The US Senate has approved a rescue bill designed to prop up America's battered housing market. . The new law will allow homeowners to get cheaper ...
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