Finance Info Blog

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A Possible Bailout For Small Business

Dogged by criticism over the economy’s weakness, the government considers pumping TARP dollars into small firms.
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Michael Jackson, Non-Story

In the blogosphere, Jackson is already passe. So why is the mainstream press still gorging on it?
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The crisis is not over . . . There is more talk of weeds – or even manure when the state of the US economy is described
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Russia’s Kemerovo region has warned ArcelorMittal it would seize two of the steelmaker’s coal mines if production levels do not increase
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Governator plays it cool over IOUs

California’s fiscal crisis sharply intensified as big banks stopped accepting IOUs issued by the state to companies and individuals and local social services departmentsin lieu of cash
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Why Google Is Stealing Apple’s Ideas

Short answer: because they’re good. Long answer: because Google has none of its own.
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Wall Street has great expectations for food companies, but you need to be careful before you buy.
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Porsche sets date for rescue showdown

The family feud over the bail-out of Porsche was nearing a showdown after the management of the debt-ridden German sports carmaker reached an investment agreement with the Emirate of Qatar
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Citigroup is working on a shake-up of its board and US retail operations that will give a prominent role to Jerry Grundhofer, a veteran banker who is liked by regulators and has been seen as a potential successor to Vikram Pandit as chief executive
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Repressive measures might work for a short time but often fuel radicalism and trigger violent rebellions, writes Minxin Pei
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Manual tells agents how to spot improper pastime deductions.
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Fresh Start For Infineon

German chip maker has a good chance of wiping the slate clean with its $1B rights issue.
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Crude Doesn’t Help Chevron

Analysts remain bullish on the oil company in the long term despite Q2 weakness.
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Small Wyoming bank fails

Bank of Wyoming was closed Friday by state regulators, bringing the total number of failed banks this year to 53, the Federal Deposit Insurance Corporation said.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/oWmnX4lViF0″ height=”1″ width=”1″/
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GM’s eBay play

Fresh out of bankruptcy, the new General Motors hopes to soon start selling its whole line of cars on eBay through a pilot program.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/_QGFnQznLJE” height=”1″ width=”1″/
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Consumer Fear and CEO Hope

Consumer and CEO sentiment are at odds. The execs see are optimistic.
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Chastened GM sets out on a fresh start

General Motors emerged from bankruptcy just 40 days after filing for Chapter 11 protection with the vow to become a nimbler global carmaker more in touch with its customers
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General Motors’ rapid trip through bankruptcy is done. Now comes the hard part.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/FVZXnaPkJzs” height=”1″ width=”1″/
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Commodities trading limits fast tracked

Read full story for latest details.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/ghSgOpJqsrY” height=”1″ width=”1″/
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California IOUs refused by big banks

California’s fiscal crisis sharply intensified as big banks stopped accepting IOUs issued by the state to companies and individuals and local social services departmentsin lieu of cash
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Chrysler does U-turn: Dodge Viper stays

Chrysler Group LLC has reversed course and decided not to sell off its V-10 powered Dodge Viper sports car business. The car will remain in production after this year, the automaker announced Friday.img src=”http://feeds.feedburner.com/~r/rss/money_latest/~4/F1RhlAJxhNM” height=”1″ width=”1″/
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Stocks down for 4th straight week

Blue chips slipped Friday after a profit warning from Chevron dragged on oil stocks, but the Nasdaq managed modest gains for the day at the end of a down week for Wall Street.img src=”http://feeds.feedburner.com/~r/rss/money_markets/~4/X9loFyEQKrM” height=”1″ width=”1″/
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Things are getting less worse. That’s a good thing in the world of stocks, but growth will be neither huge nor fast.
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Stocks sputter after down week

Blue chips slipped Friday afternoon after Chevron’s profit warning dragged on oil stocks, but the Nasdaq managed modest gains at the end of a down week for Wall Street.img src=”http://feeds.feedburner.com/~r/rss/money_markets/~4/X9loFyEQKrM” height=”1″ width=”1″/
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US Treasury Secretary Tim Geithner on Friday expressed concern that officials are concerned that any move by Europe to allow looser rules on derivatives tradingand Asia could prompt a shift overseas by traders eager to evade a US clampdownan industry in search of laxer regulation.
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