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- Oct 11th, 2008 | May 7, 1998: Stuttgart, Germany-based Daimler-Benz, the maker of the upscale Mercedes Benz, announces a $36 billion merger with Chrysler. The new company, DaimlerChrysler AG, begins trading on the Frankfurt and New York stock ...
- Oct. 10 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 11:50 a.m. in New York. Energy shares fell as crude oil slipped below $80 for the first ...
- Oct. 10 (Bloomberg) -- Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average down 11 percent, and U.S. futures slumped on concern the deepening credit crisis will push the global economy into recession. Treasuries and the yen gained ...
- by Stacey Higginbotham Venture firms are sounding the alarm over what this downturn might mean for their portfolio companies. While it's true that great companies are built during downturns, it's also true that plenty of entrepreneurs are going to be ...
- (Money Magazine) -- It's hard to find any good news about your money these days. The stock market is tumbling. Banks are failing. Home values are cratering. And you're watching your retirement disappear. Before you panic though - pause - and take a ...
- NEW YORK (AP) -- Shares of General Motors Corp. lost nearly one-third of their value Thursday, plunging to their lowest level since July 1950 after Standard & Poor's said the automaker's credit could fall further into junk status due to the "rapidly ...
- Oct. 9 (Bloomberg) -- General Motors Corp. tumbled to its lowest in New York trading in 58 years and Ford Motor Co. fell to almost a 26-year low as the U.S. auto-sales outlook worsened and Standard & Poor's said it may cut their debt deeper into junk ...
- I watched and laughed Wednesday as the Fed cut the interest rate by half a point. The poor fools ... still trying to implement the trickle-down theory. Don’t they understand that human emotion is everything? The economy doesn’t live in a vacuum ...
- This action reflects developments at Dexia S.A., FSA's parent, which has potential implications for FSA's capitalization and liquidity support, as well as continued challenges to FSA's core franchise. If Fitch were to downgrade FSA, the financial ...
- SUNNYVALE, Calif. , Oct. 9 /PRNewswire/ -- According to the Remodelormove.com fall 2008 Remodeling Sentiment Report, an online publication of ABCD Publishing LLC, the amount of equity homeowners have is influencing their remodeling plans. Homeowners ...
- If you have money in interest-earning bank accounts or certificates of deposit, you can expect to be "as disappointed as Cubs fans," said Greg McBride of Bankrate.com in North Palm Beach, Fla. "They're continuing to take it on the chin every time the ...
- It's been described as the most dramatic financial upheaval since the Great Depression. But what does the realignment of Wall Street mean to small business owners? BusinessWeek SmallBiz explains. What happens to my line of credit or bank loan if my ...
- Confused about what's happening with the economy? You're not alone. Send us your questions for our experts to answer. (CBS/ AP) Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current ...
- Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain. The financial crisis has caused the economic outlook to darken ...
- Oct. 7 (Bloomberg) -- Spain will spend as much as 50 billion euros ($68 billion) to buy assets from its troubled banks, the first effort by a European country to follow the U.S. rescue plan. ``The fundamental objective is to promote the smooth ...
- Oct. 7 (Bloomberg) -- Three former American International Group Inc. chief executive officers deflected blame for the insurer's $85 billion U.S. bailout, while a lawmaker said the firm blocked auditors from access to the unit that pushed it to the ...
- MINNEAPOLIS--( BUSINESS WIRE )--Norwest Mezzanine Partners (NMP), a leading middle market mezzanine investor, today announced that it has invested $40.6 million in subordinated debt and equity to support Olympus Partners ’ acquisition of Norwesco ...
- Oct. 7 (Bloomberg) -- Maurice ``Hank'' Greenberg , former chief executive officer of American International Group Inc ., said his successors' actions led to record losses that forced the insurer into an $85 billion U.S. bailout. Greenberg, who ran ...
- Oct. 7 (Bloomberg) -- Maurice ``Hank'' Greenberg , former chief executive officer of American International Group Inc ., said his successors' actions led to record losses that forced the insurer into an $85 billion U.S. bailout. Greenberg, who ran ...
- One such company, San Francisco hardwood flooring installer Tree Lovers Floors , is all too typical. CBS News correspondent John Blackstone was there as its owners, Chris and Janet Hildreth, agonized over laying off almost a-third of their workers ...
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