Canada to Jolt Economy With Two-Year Deficit of C$64 Billion

January 29th, 2009

Canadian Finance Minister Jim Flaherty today will announce the first deficit in more than a decade, cutting taxes and boosting spending on roads and […]

Filed under: Uncategorized by Wolf
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Yahoo nixes annual raises

January 24th, 2009

In another sign that the recession is hurting the technology sector, Internet search engine Yahoo Inc. said Thursday that it will forgo annual salary […]

Filed under: money by Wolf
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State Street unrealized losses climb, stock falls

January 22nd, 2009

State Street Corp (), the world’s largest money manager for institutions, reported on Tuesday billions of dollars of unrealized investment losses and a sharp […]

Filed under: marketing by Wolf
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U.S. ‘Bad Bank’ Plan Gets Momentum to Revive Lending

January 17th, 2009

Renewed questions about U.S. banks’ viability are pushing regulators toward a new plan that would remove toxic assets from bank balance sheets, in what […]

Filed under: marketing by Wolf
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Bernanke Urges ‘Strong Measures’ to Stabilize Banks

January 15th, 2009

Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may […]

Filed under: term by Wolf
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Jobless rolls at 26-year high, retail sales weak

January 9th, 2009

Unemployment benefit rolls swelled to a 26-year high in the last week of December, data showed on Thursday, while retailers, including market leader Wal-Mart, […]

Filed under: economics by Wolf
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Q+A: China on cusp of 3G and billions in spending

January 5th, 2009

China last week approved long-awaited licenses for next generation (3G) mobile networks, whetting investor appetites with the promise of major new orders for equipment […]

Filed under: technology by Wolf
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