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Monthly Archive June, 2009

Overhaul of financial system would exclude consolidation

June 17, 2009

WASHINGTON — The Obama administration wants to overhaul the country’s financial rule book by giving the Federal Reserve increased powers but, bowing to critics […]

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Japan, Australia c.banks see improvement but IMF wary

June 16, 2009

The central banks of Japan and Australia on Tuesday reported signs of improvement in their economies, but investors were shaken by poor data from […]

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Fed’s Evans: policies unwound when growth sustainable

June 15, 2009

The U.S. economy looks closer now to a turning point than it did just two months ago as the Federal Reserve’s aggressive policies start […]

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Should the new GM start with a new name?

June 14, 2009

ValuJet was reborn as AirTran. Philip Morris rechristened itself Altria. Blackwater became Xe.
Would a name change work for beleaguered General Motors?
It would […]

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U.S. Supreme Court turns down Black’s bail request

June 13, 2009

WASHINGTON – Conrad Black’s bid for release pending a review of his fraud convictions was denied Thursday but experts said it’s unlikely the former […]

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TARP payback may not help consumers

June 11, 2009

Don’t expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers.
The Treasury Department told ten big bank holding companies Tuesday that […]

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Bakers Footwear narrows loss in first quarter

June 10, 2009

Bakers Footwear Group Inc., the St. Louis-based shoe retailer, said first-quarter sales rose and the company’s loss narrowed.
The company posted a net loss […]

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GM to cut Wentzville shift, laying off nearly 900

June 9, 2009

UPDATED 2:55 p.m. with additional information throughout
General Motors Corp. is cutting one of two production shifts at its Wentzville plant in Aug. 10, […]

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Global airlines fear oil rally as losses mount

June 8, 2009

Global airlines called on Monday for concerted action to prevent another runaway surge in oil prices as the International Air Transport Association nearly doubled […]

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AIG to sell two New York buildings

June 4, 2009

American International Group Inc. has reached a deal to sell two New York buildings, including its downtown Manhattan headquarters, a source familiar with the […]

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