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Monthly Archive May, 2009

Obama’s economic panel going public

May 22, 2009

A high-level panel of experts that has been helping to shape U.S. President Barack Obama’s response to the economic crisis will step into the […]

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Gas prices: The key to fuel economy

May 21, 2009

New fuel economy rules announced by President Obama Tuesday have already gained support from major automakers, but the challenge will be getting consumers to […]

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Mexico Flu Helps Revive Memories of Tequila Crisis: Week Ahead

May 19, 2009

Mexico’s economy probably contracted the most in 14 years in the first quarter and may shrink more in coming months after the swine flu […]

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Nike cuts 5% of workforce

May 17, 2009

Nike Inc, the world’s largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce, or 1,750 jobs, in […]

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Latvia Euro Drive Worsens Slump as IMF Shores Up Eastern Europe

May 15, 2009

Latvia’s leaders and the international lenders they turned to for help have bet the Baltic state’s economy and social stability on joining the euro. […]

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Geithner: China bound later this month

May 14, 2009

Treasury Secretary Tim Geithner will travel to China later this month, marking the Obama administration’s first overture to the powerhouse nation whose economy is […]

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Bank of America said to raise $7.3 billion

May 13, 2009

Bank of America has raised $7.3 billion from the sale of 13.5 billion shares of China Construction Bank, according to published reports.

The U.S. bank […]

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Big banks to the feds: Thanks but no thanks

May 11, 2009

Now that the stress tests are over, the big banks can’t emphasize enough that they don’t need any more help from the government.
Federal regulators […]

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Jobless Gender Gap Widest Since ‘Riveter’ Rosie: Chart of Day

May 9, 2009

The jobless-rate gap between American men and women hasn’t been this high since the success of World War II “Rosie the Riveter” advertisements in […]

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No stress for bank stocks

May 8, 2009

The stress test results are starting to leak out, and even banks with middling grades are being treated as winners in the marketplace.
According to […]

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