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Making a Profit and a Difference
NEW YORK (Reuters) – Stocks tumbled on Monday as two major U.S. automakers took a step closer to potential bankruptcy, and a spate of European bank rescues heightened concerns over the financial system’s health, putting the brakes on a recent run-up.
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Lessons Learned
WASHINGTON (Reuters) – President Barack Obama ordered General Motors and Chrysler to accelerate their turnaround efforts and brace for possible bankruptcy, saying bailout funds will be limited and poor decision-making will not be excused.
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Obama says carmakers can survive but bankruptcy possible
NEW YORK (Reuters) – Stocks slid on Monday as investors booked profits from a recent rally and following the U.S. government’s talk of possible bankruptcy at General Motors and Chrysler.
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U.S. Internet advertising revenue climbed in the fourth quarter in spite of the poor economy, but the growth rate was sluggish compared to previous years, according to an analysis released Monday. The report from the Interactive Advertising Bureau and…
NEW YORK (Reuters) – Goldman Sachs investment banker Byron Trott, the rare Wall Street deal maker who gained the trust of billionaire investor Warren Buffett, is leaving to start his own merchant banking firm, a person familiar with the situation said on Monday.
Jonathan Miller will soon be appointed head of digital strategy for News Corp. That’s according to a person familiar with the matter. The 51-year-old Miller was once chief executive of AOL and last year was eyed as a replacement for Yahoo CEO Jerry Yang,… See more here:
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NASCAR champion Jimmie Johnson was the leadoff defense witness Monday in the Helio Castroneves tax evasion trial, testifying that a lawyer who is also charged in the case has a sterling reputation in the motorsports world. Johnson, a three-time Sprint Cup… Read the original:
The head of the Environmental Protection Agency wants to limit emissions along the nation’s coastline and within its seaports, just as the agency does along highways, with tougher pollution standards on large commercial ships. EPA Administrator Lisa Jackson… Go here to see the original:
NEW YORK (Reuters) – Sales of vacation and investment homes in the United States slipped to 30 percent of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.
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