NEW YORK (Reuters) - U.S. bank stocks tumbled on Monday on expectations that a deepening global economic slump will reduce employment, crimp borrowers' access to credit and spur more writedowns. Citigroup Inc (C.N: Quote , Profile , Research , Stock ...
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Dec. 2 (Bloomberg) -- Sales at U.S. retailers rose 1.9 percent in the two days following the Thanksgiving holiday, ShopperTrak RCT Corp. said, as a decline on Nov. 29 further damped the smallest Black Friday gain in three years. Retailers slashed ...
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By Olga Kharif December got off to a rough start for equities in general, with the Standard & Poor's 500-stock index down nearly 9%, to 816, on the first day of the month. But wireless carrier Sprint Nextel ( S ) saw its stock hammered much more than ...
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In the past couple of years, the entire global lending industry has covered itself in shame. Virtually every banker was suckered by the credit and housing bubble. But who made the sorriest choices? Who forced shareholders and the public to bear the ...
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The deal is intended to reduce the firm's indebtedness, and will be funded with internal sources, Galaxy said in a statement. Late last month, Standard & Poor's lowered its long-term credit rating on the firm's Galaxy Casino unit to 'B' from 'B ...
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DETROIT _ They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a skeptical ...
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BANGKOK, Thailand (AP) -- Hundreds of pro-government demonstrators swarmed around a court building Tuesday, forcing the relocation of judges who will rule on the fate of a Thai government beset by protests and a virtual shutdown of international air ...
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