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Monthly Archive September, 2008

Stocks set for big selloff

September 16, 2008

Wall Street braced for a huge stock selloff Monday after one of the most calamitous days in U.S. financial services history resulted in Bank […]

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Blame Ike: Gas up 12 cents in 2 days

September 15, 2008

Drivers nationwide are paying the price of Hurricane Ike.
The average price of a gallon of gas jerked 12 cents higher over 48 hours as […]

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Paulson said to be against govt. money for Lehman

Treasury Secretary Henry Paulson is against any use of government money to bail out Lehman Brothers Holdings Inc., a person familiar with his thinking […]

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August foreclosures hit another record high

September 14, 2008

Foreclosures hit another record high in August: 304,000 homes were in default and 91,000 families lost their houses.
More than 770,000 homes have been […]

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Williamsville sets district pace for 5th straight year

September 12, 2008

A strong feeling of deja vu permeates Business First’s 17th annual rankings of Western New York’s public school systems.
The Williamsville Central School District again holds […]

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U.S. Initial Jobless Claims Fall to 445,000 Last Week

September 11, 2008

More Americans than forecast filed initial claims for unemployment insurance last week, while total benefit rolls rose to the highest level in almost five […]

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Enron shareholders win billions in suit

A federal judge has approved a plan to distribute more than $7.2 billion recovered as part of a lawsuit by Enron Corp. shareholders and […]

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Washington Mutual tumbles 30 percent to 17-year low

Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) shares sank 30 percent to a 17-year low and the perceived risk of its debt […]

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Airbus seeks $1.42B in cost savings

September 10, 2008

Airbus presented new cost-cutting measures to unions Tuesday as part of parent company EADS’ plan to seek an additional €1 billion euros ($1.42 billion) […]

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U.K. House Prices Fall as Sales Drop to Record Low

September 9, 2008

U.K. house prices dropped in August as the squeeze on mortgage lending pushed down sales to a record low, the Royal Institution of Chartered […]

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