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Consequences of the Crisis

 

| Few American cities prospered more over the last two decades than Charlotte, its growth propelled and gilded by Wachovia and its cross-town rival, Bank of America. Now Charlotte is suffering, as the crisis that shattered several of the nation's largest banks leaves many of the survivors struggling to recover.

The Obama administration is winding down several massive rescue programs that aided large banks and U.S. automakers during the heat of the financial crisis and launching more moderate initiatives to help small businesses and the housing market.

Morgan Stanley reported better-than-expected earnings of $757 million from July to September, posting its first quarterly profit this year.

Wal-Mart fires first by cutting the cost on pre-orders for 10 upcoming releases to $10, the online giant responds by lowering its prices, then Target enters fray. How low will they drive each other?

Congressional investigators think that reams of internal documents turned over by company show that its executives were alarmed by mounting losses at Merrill Lynch well before shareholders voted to approve the merger.

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The Hearing

Why companies do stupid things

THE HEARING

| Critics of government say the private sector is better-managed, but that rhetoric is flawed: Many corporations aren't very well managed, either.

Allan Sloan

No help for
prudent savers

DEALS

| Uncle Sam's bailout of overly indebted borrowers costs those who carefully save.

Thomas Heath

Revving up a new business

VALUE ADDED

| What do successful entrepreneurs do with their millions and how do they change their lives?

Steve Pearlstein

Trust-busting the NFL

PEARLSTEIN

| High court to weigh case by American Needle, an Illinois company, that has sued the league, claiming an antitrust violation.

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Post 200

Consequences of the Crisis

Assessing the legacy of the great financial tempest.

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