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Shares rebound with confidence boost from GE

NEW YORK, Dec. 2, 2008 (Reuters) — Stocks snapped back on Tuesday after a pledge by General Electric , a global bellwether, to leave its dividend intact in a fragile economy sparked optimism. ...  > full story

U.S. automakers seek plan as Europe looks to bolster banks

NEW YORK/BRUSSELS, Dec. 2, 2008 (Reuters) — U.S. automakers rushed to submit restructuring plans to secure government aid on Tuesday while European ministers and Japan took steps to pump credit into the economy. ...  > full story

Bank "went wrong" in real estate: Citigroup CEO

NEW YORK, Nov. 25, 2008 (Reuters) — Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that led to this week's massive government bailout of the second-largest U.S. bank by assets. ...  > full story

Economy shrinks at fastest pace in seven years

WASHINGTON, Nov. 25, 2008 (Reuters) — The U.S. economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the specter of a deeper recession. ...  > full story

Fed throws fresh lifeline to financial system

WASHINGTON, Nov. 25, 2008 (Reuters) — The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. ...  > full story

Paulson may tap rescue fund, roll out new program: report

Nov. 24, 2008 (Reuters) — Treasury Secretary Henry Paulson is considering tapping the second half of the government's $700 billion financial-industry rescue fund, and rolling out new programs in response to worsening market conditions, the Wall Street Journal said, citing people familiar with the matter. ...  > full story

Obama says long haul ahead

LONDON, Nov. 22, 2008 (Reuters) — President-elect Barack Obama said on Saturday he was crafting a two-year plan to fight an economic crisis of "historic proportions" and Chinese leader Hu Jintao said his country was ready to play a big role in the global effort. ...  > full story

Fannie Mae, Freddie Mac suspend some foreclosures

NEW YORK, Nov. 20, 2008 (Reuters) — Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. ...  > full story

Consumer prices, home starts plunge in October

WASHINGTON, Nov. 19, 2008 (Reuters) — Consumer prices fell at a record pace in October and new-home building slumped to fresh lows, according to government reports on Wednesday that suggested the economy likely is already in a recession that may be long and deep. ...  > full story

U.S. auto fears weigh on global stocks

LONDON, Nov. 19, 2008 (Reuters) — World stocks and oil fell on Wednesday while government bonds and the yen gained as U.S. car makers begged for a bailout from Washington, adding to evidence that the credit crisis is hitting the real economy. ...  > full story
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