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Deep Job Cuts Striking Many Industries

posted: 10 HOURS AGOcomments: 94

One day before the government unveils the latest tally of the nation's employed, household-name companies from several different industries announce more than 15,000 layoffs, on top of 10,000 more high-profile layoffs disclosed this week.

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Thin Comfort for Big Three Automakers

posted: 8 HOURS 12 MINUTES AGOcomments: 1566

In their first day of testimony during a second visit to Capitol Hill, the humbled CEOs of Detroit's Big Three automakers win little assurance that lawmakers will sign off on a bailout package, despite sketching out the drastic consequences of inaction.
From the Blogs: Fed Can Act | The Bankruptcy Option | Industry Comes Around
Vote: Which Struggling Company Are You Rooting for Most?

GM CEO Richard Wagoner	Chrysler CEO Bob Nardelli


UAW President Ron Gettelfinger	Ford CEO Alan Mulally

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Market News

posted: 4 DAYS 19 HOURS AGOcomments: 0

filed under: Investing

Market Update

1 of 8

DJIA NASDAQ S&P 500 10yr Note

1day

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Money & Finance Advertisement

posted: 51 DAYS 18 HOURS AGOcomments: 0

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Fed Chief Urges More Homeowner Relief

posted: 15 HOURS 39 MINUTES AGOcomments: 54

filed under: Financial Crisis

Addressing the sector that tipped the first domino of the financial meltdown, the Federal Reserve chairman calls for a government effort to stem soaring home foreclosures. "More needs to be done," Ben Bernanke says.

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Oil Prices Close Below $44 a Barrel

posted: 8 HOURS 41 MINUTES AGOcomments: 115

filed under: Crude Oil Prices

A discouraging employment report sends crude oil futures below $44 a barrel, the lowest price in four years. Oil now sits more than $100 down from its all-time high, reached in July.
From BloggingStocks: $25 a Barrel Forecast

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SEC Chief Echoes Call for 'Exit Strategy'

posted: 11 HOURS 58 MINUTES AGOcomments: 4

filed under: Financial Crisis

Getty Images

Following similar sentiments from FDIC chairman Sheila Bair, Securities and Exchange Commission Chairman Christopher Cox calls for a clarification of the bailout's formal aims and a plan for winding down the government's massive investment.

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Denver's Rocky Mountain News for Sale

posted: 12 HOURS 15 MINUTES AGOcomments: 2

Spencer Platt, Getty Images

The Rocky Mountain News, Colorado's oldest newspaper, is up for sale, according to the newspaper's Web site. The E.W. Scripps Co. says if no acceptable offers emerge within the next month and a half, it will "examine its other options."

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