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Monthly Archive July, 2008

Merrill to sell risky assets, plans to raise $8.5B

July 31, 2008

Merrill Lynch & Co., in a broad move to clean up its troubled balance sheet, said Monday it will sell a big slice of […]

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Fed Weighs Plans to Spur Bank Investment by LBO Firms

July 25, 2008

The Federal Reserve, looking to spur investment in lenders hit by credit-market losses, is weighing three measures to ease rules for private-equity funds that […]

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Economic outlook retreats in monthly survey

July 23, 2008

The economy slowed in June as higher prices for food, fuel and other goods translated into a dip in growth, according to a private […]

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Gas falls from record

July 22, 2008

Fuel prices at the pump fell overnight, a nationwide survey of gas station credit card swipes showed Thursday.
Regular: Regular unleaded retreated nearly a penny […]

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Nokia’s profit sinks 61%

July 21, 2008

The world’s No. 1 mobile phone maker Nokia Corp. on Thursday said profit fell 61% in the second quarter from the same period a […]

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Deposits ‘overwhelmingly’ safe: FDIC

July 18, 2008

The nation’s banking system is "absolutely safe" and Americans’ insured deposits in banks protected, the head of the Federal Deposit Insurance Corporation said Tuesday.
"Insured […]

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Japan Should Take Steps to Attract Sovereign Funds, Panel Says

July 7, 2008

Japan should adopt measures aimed at attracting more of the almost $3 trillion managed by sovereign wealth funds, a trade ministry report said.
The […]

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BCE buyers finalize funding

July 5, 2008

Announcing what it said were “essential milestones” allowing the world’s largest leveraged buyout to go ahead, BCE Inc (BCE.TO: Quote, Profile, Research, Stock Buzz)(BCE.N: […]

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Nickell Sees U.K. Rate on Hold as Loan Market Nears `Famine'

July 2, 2008

Former Bank of England policy maker Stephen Nickell said the central bank should avoid raising interest rates to curb inflation as the mortgage market […]

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