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A collection of news and information related to Wachovia Corp. published by Tribune Company sources.
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Stocks swing wildly, surge late
The Associated PressWall Street capped one of its worst weeks ever with a wild session today that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance....Tags: Sales, Bonds, New York Mercantile Exchange, General Electric Company, Gold and Precious Material
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Goldman Sachs, GE, Morgan Stanley, Macy's are among big movers on the stock market Friday
NEW YORK (AP) _ Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE Goldman Sachs Group Inc., down $12.55 at $88.80 The bank's credit outlook was revised to negative by ratings agency Moody's, which expects a...Tags: General Motors Corp., Moody's Corporation, Credit Ratings, Plant Closings, General Electric Company
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Sticking to banking basics yields golden opportunity for Wells Fargo to expand
AP Business WriterSAN FRANCISCO (AP) _ With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history. Now it's finally expanding east of the Mississippi with a $12.2 billion acquisition of Wachovia Corp., a golden...Tags: Moody's Corporation, Countrywide Financial Corp., Credit Ratings, Retirement, Banking
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Antitrust regulators clear Wells Fargo's buy of Wachovia, which experienced a 'silent run'
AP Business WriterNEW YORK (AP) _ Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank. The rapid approval comes a day after Citigroup Inc. walked away from...Tags: Antitrust Issues, Corporate Crime, Charlotte, J.P. Morgan Chase & Co., Anti Trust Crime
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Wells Fargo is Wachovia victor
Associated PressWells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators but vowed to have its day in court. While Citigroup said it plans...Tags: Corporate Crime, State Budgets, Mortgages, Charlotte, Federal Reserve
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Citigroup ends negotiations for Wachovia
Citigroup backed out of negotiations with federal regulators and Wells Fargo in its battle for Wachovia Corp., but vowed to have its day in court. Citigroup said it remains willing to complete its original deal with the Charlotte, N.C.-based bank....Tags: Breach of Contract, Corporate Crime, Citigroup Incorporated
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Citigroup ends talks with Wells Fargo
Of The Associated PressCitigroup says it has ended negotiations with Wells Fargo in their fight to acquire Wachovia. Citigroup says it believes it has strong legal claims against Wachovia and Wells Fargo for breach of contract and plans to pursue its claims vigorously....Tags: Charlotte, Corporate Crime, Breach of Contract, Citigroup Incorporated
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Florida poll: Confidence in banks erodes
South Florida Sun-SentinelMore than four in 10 people have moved their money from one financial institution to another in the past month because of reports about ailing banks, according to a new telephone poll of 600 likely Florida voters. The poll, conducted Monday through...Tags: Small Businesses, Financial and Business Services, J.P. Morgan Chase & Co., $700 Billion Bank Bailout, Citigroup Incorporated
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Wells Fargo wins fight for Wachovia
Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators but vowed to have its day in court. Though Citigroup said it plans...Tags: Sales, International Speedway Corp., Breach of Contract, Corporate Crime, Petroleum Industry
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Dow falls below 8,000 in dismal opening
Wall Street headed to another huge decline Friday, extending a global sell-off on concerns that even low interest rates won't help end the worsening credit crisis. Dow Jones industrials futures plunged 400 points ahead of the opening bell in New York....Tags: Bonds, Imports, New York Mercantile Exchange, General Electric Company, Gold and Precious Material
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Wachovia overtakes Bank of America as Florida's largest bank
Sentinel Staff WriterEven as it is being acquired by Wells Fargo, troubled Wachovia Corp. has taken over the top spot in the race for banking deposits in Florida, acccording to recently released government figures. Wachovia had amassed more than $71 billion in deposits...Tags: Banking, Golden West Financial Corporation, Bank of America Corp.
Oct 10, 2008
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Oct 10, 2008
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