Highlights
A collection of news and information related to Federal Reserve published by Tribune Company sources.
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As easy credit dries up, a nation reliant on debt navigates a new financial landscape
AP National WriterAn inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting...Tags: Credit and Debt, Bankruptcy, Loans, Lambertville, Columbus
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Bush administration weighs plan for government to take temporary ownership stakes in banks
Associated Press WritersWASHINGTON (AP) _ Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush...Tags: Nicolas Sarkozy, Wachovia Corp., Government, George Bush, The White House
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Investors seeking a bottom brace for more uncertainty as government moves to shore up banks
AP Business WritersNEW YORK (AP) _ Investors agonizing over whether the stock market is bottoming out or about to extend its precipitous decline face more uncertainty this week as they await action on the government's rapidly expanding effort to pull the financial system...Tags: Credit Ratings, $700 Billion Bank Bailout, Great Depression, Henry Paulson, Freddie Mac
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Europe attempts to thwart recession
BloombergEuropean leaders agreed to guarantee new bank refinancing and use government money to prevent lenders from going under, trying to stop the worst rout in Europe's stock markets in two decades and stave off a recession. At a summit chaired by French...Tags: Nicolas Sarkozy, Government, Banking, Metal and Mineral, Central Bank
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Credit crisis fixes: Six ideas here
The Swampby William Neikirk A major economic stimulus package, including funds to rebuild the nation's infrastructure, is shaping up as one of the top ideas for responding to the worst financial crisis since the 1930s. Asked to name key measures that......Tags: Local Authority, Government, State Budgets, Central Bank, Ronald Reagan
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GM-Chrysler mix needs a sweetener
Associated PressFor General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash. Lots of it, according to industry analysts. With both automakers struggling to survive amid slumping sales, a slowing global economy...Tags: New York Times, Restructuring and Recapitalization, Chrysler LLC, Marketing, Mergers, Acquisitions and Takeovers
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U.S. firms cast wary glances overseas
As U.S. financial markets imploded and credit dried up in recent weeks, there seemed to be a haven abroad. But with financial turmoil spreading beyond America's borders, businesses and investors are likely to face daunting challenges as they tap into...Tags: Johns Hopkins University, International Trade, Government, Hunt Valley, Financial Markets
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Bush, other nations pledge unity in financial crisis
Associated PressPresident Bush and financial leaders from nations rich and poor pledged yesterday to intensify their efforts to unblock a frozen financial system before it does more damage to an increasingly shaky global economy. While there were no concrete offers of...Tags: Nicolas Sarkozy, Government, Great Depression, George Bush, Banking
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A roller coaster week
President Bush's tepid Rose Garden reassurances Friday that the government is addressing the economic crisis notwithstanding, Washington still hasn't tamed the Wall Street beast. Try as it might, the administration's combination of moves hasn't stopped...Tags: Freddie Mac, New York Stock Exchange, Regulatory Policy and Organizations, Stock Market, $700 Billion Bank Bailout
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The week ahead
Tuesday •Earnings: Intel Corp.; Supervalu Inc. Wednesday •September retail sales •September producer price index •Federal Reserve beige book •Earnings: Abbott Laboratories; AptarGroup Inc.; eBay Inc.; RLI Corp....Tags: eBay Incorporated, RLI Corporation, Economy, Supervalu Inc., Land Price
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As investments suffer, would paying off house be wise move?
Bob Dufresne and Thomas B. FleishelQuestion : Except for two mortgages, I have no debt. I have $400,000 in a 401(k), $100,000 in mutual funds, $50,000 in a money market account and $20,000 in a Real Estate Investment Trust. I have $300,000 in equity in house one and $80,000 in house two....Tags: Winter Garden, Winter Springs, Mutual Funds, Personal Finance
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Will sour economy end our fling with bling?
The Wall Street JournalFrancesco Trapani, chief executive of Bulgari Group, is cutting back on the fixed costs of his jet-setting lifestyle. The jewelry, luxury-goods and hotel magnate recently sold his 137-foot yacht, the ''Christianne B,'' and he's holding off on buying...Tags: Corporate Officers, PPR, Earthquakes, Henry Waxman, Consumers
Oct 12, 2008
|Story| Associated Press
Oct 12, 2008
|Story| Associated Press
Oct 12, 2008
|Story| Associated Press
Oct 12, 2008
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Oct 12, 2008
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Oct 12, 2008
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Oct 12, 2008
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Oct 12, 2008
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Oct 12, 2008
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Oct 12, 2008
|Story| Allentown Morning Call
