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Best & Worst in Money 2008: Most shocking financial collapse
12/5/2008 5:08:42 AM by adeal
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In a year of financial chaos, how can one even narrow the choice of most shocking financial collapse to just five candidates? Financial collapses took down venerable Wall Street firms and government enterprises. Even an entire country fell on the weight of this worldwide financial storm. There were ....(GetMarketNews)
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Gold drops on weaker US dollar
12/5/2008 5:07:00 AM by adeal
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Gold recovered lost ground today, helped by the European Central Bank's bigger-than-expected interest rate cut, which pressured the US dollar lower. Spot gold was fetching $US768.30 a ounce versus $US767.70 late on Thursday. Gold found some support via the weaker US currency, which fell against the ....(GetMarketNews)
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Can Obama save the auto industry?
12/5/2008 4:57:40 AM by adeal
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Senate and House hearings that began on Thursday could make or break the American auto industry and pose a major test of whether the White House and the incoming Obama administration can work together to save the companies from collapse. The stakes are extraordinary, with two of Detroit’s Big Three ....(GetMarketNews)
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AAA Texas: Gas Prices Continue Steady Decline
12/5/2008 4:56:11 AM by adeal
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As Texans focus on budgeting for holiday spending they will find gas prices are about $1.20 less than they were this time last year, according to AAA Texas Weekend Gas Watch. The average price of regular unleaded gasoline fell 6 cents statewide compared to last week, from $1.755 to $1.695 a gallon. ....(GetMarketNews)
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Safeway says it will cut costs, prices in '09
12/5/2008 4:45:04 AM by adeal
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Safeway Inc. told investors Thursday that it will aggressively cut costs, lower prices and focus on improving its financial position in 2009. "We are a very strong player in a very weak economy, and we think that creates a very strong opportunity to take (market share)," Steve Burd, the national gro ....(GetMarketNews)
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Citigroup says 'core' Japan units not for sale
12/4/2008 5:17:51 AM by adeal
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Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale by the struggling U.S. bank. It has no plans to sell broker Nikko Cordial Securities, investment bank Nikko Citigroup Ltd or ....(GetMarketNews)
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How low will gas prices go?
12/4/2008 5:07:58 AM by adeal
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Under $1.75 a gallon? Or below $1.50? Hey, maybe — gasp! — under a buck? "There's a bottom out there somewhere," said AAA spokesman Michael Geeser, pointing out that prices can't fall below 45 cents a gallon because that's how much we pay in taxes. "We know gas will never go below that mark." That m ....(GetMarketNews)
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UBA eyes e-banking
12/4/2008 4:56:09 AM by adeal
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After rolling out ATMs, e-statements and e-alerts products as part of its key e-electronic product platform, the United Bank for Africa plans to introduce VISA cards, mobile money point of sale (POS) and internet banking as part of its cohesive approach.Prestige Banking Manager Tola Adebayo revealed ....(GetMarketNews)
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A Twitter business plan: On the near horizon?
12/4/2008 4:47:04 AM by adeal
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Today was a perfect storm for Twitter, the microblogging application led by Evan Williams (who created Pyra Labs and Blogger, selling it to Google (NASDAQ: GOOG) in 2003 as blogging went bigtime). The company was all over business technology media, making an appearance at the Wall Street Journal wit ....(GetMarketNews)
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Oil prices hit new multi-year lows
12/4/2008 4:41:02 AM by adeal
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In afternoon trade New York's main futures contract, light sweet crude for January delivery, fell 93 cents to 45.86 dollars a barrel. The contract at one point fell as far as 45.30 dollars, its lowest point since January 12, 2005, after closing down 17 cents at 46.79 dollars on the New York Mercanti ....(GetMarketNews)
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