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Money & Markets

Obama's backup for bank bailout

February 26, 2009

President Barack Obama is budgeting for a new $750 billion bank bailout this year, raising the prospect of a dramatic increase in the stake taxpayers already hold in the beleaguered financial sector.

Health care stocks drag down market

February 26, 2009

This time, health care stocks bore the brunt of investors' wrath.

Business briefs: Feb. 26

February 26, 2009

Existing-home sales lowest since '97 Mass layoffs increased in January United Airlines will accept credit for onboard purchases Deere CEO will accept $22 million bonus Yahoo!, Microsoft deal possible

Stocks end lower amid jittery trading

Stocks end lower amid jittery trading

February 25, 2009

Wall Street showed a little resilience as investors got answers to some of their questions about banks.

Business briefs: Feb. 25

February 25, 2009

Consumer confidence hits new lows in Feb. Google gives free service NYSE considers penny stocks AIG receives bids Winter Park hires Denver PR firm

Weak sales, one-time costs sink profits, Macy's reports

February 25, 2009

Macy's Inc. reported an almost 59 percent drop in fourth quarter earnings Tuesday as its results were dragged down by weak sales and one-time costs associated with the consolidations of regional divisions and store closings.

Bernanke: Team effort needed to end 'severe contraction'

February 24, 2009

Federal Reserve Chairman Ben Bernanke says the economy is suffering through a "severe contraction" and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.

Market surges after Bernanke remarks

February 24, 2009

Federal Reserve Chairman Ben Bernanke has given Wall Street a double dose of reassurance. Now it's President Barack Obama's turn.

Don't expect government to run your bank

February 23, 2009

The U.S. government may be tightening its grip on the banking system, but don't expect it to change your branch's hours, tack fees onto your account or overhaul your bank's Web site.

Feds eye raising stakes in banks

February 23, 2009

The government on Monday moved toward dramatically expanding its ownership stakes in the nation's banks - with Citigroup, the struggling titan of the industry, apparently at the top of the list.

Business briefs: Feb. 24

February 23, 2009

Economist: Housing market close to bottom Union has tentative deal with Ford on retiree health care Amazon.com shipping the new Kindle a day earlier Newmont's Ghana unit gets gold permit Enterprise Rent-A-Car plans claims center in Fort Collins

Some offered $300 to close credit cards

February 23, 2009

American Express Co., the largest U.S. credit card company by purchases, is paying some cardholders $300 each to close accounts so the lender can reduce the risk of defaults as the recession deepens.

Janus Capital sees credit ratings drop

February 23, 2009

Janus Capital Group's credit ratings were lowered to "junk" by Standard & Poor's because a decline in client assets is hurting cash flow.

Recession anxiety pushes Dow, S&P to lowest levels since '97

Recession anxiety pushes Dow, S&P to lowest levels since '97

February 23, 2009

Wall Street has turned the clock back to 1997.

Investigators: Madoff's trades were fiction

February 21, 2009

Investors wiped out by the Bernard Madoff scandal got more bad news Friday: Investigators have confirmed suspicions that the monthly statements showing the disgraced financier was making stock trades for them were pure fiction.

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