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Europe welcomes Obama bank plan, won’t imitate it

LONDON/PARIS (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit Read the original here: Europe welcomes Obama bank plan, won’t imitate it

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How to fund the next bank bailout?

A summary of what’s in the major publications. [ more ... ] Link: How to fund the next bank bailout?

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Chicago cubs files for bankruptcy as part of planned sale

WILMINGTON, Delaware (Reuters) – The Chicago Cubs filed for bankruptcy on Monday, as part of the planned sale of the Major League Baseball team by the Tribune Co to the Ricketts family. Read more here: Chicago cubs files for bankruptcy as part of planned sale

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MLB approves Cubs sale

CHICAGO – (AP) Major League baseball owners on Tuesday unanimously approved the sale of the Chicago Cubs from the bankrupt Tribune Co. to the family of online brokerage billionaire and longtime fan Joe Ricketts. The vote was made during a conference call. Tom Ricketts, who has headed the sa

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World central banks trimming U.S. dollar infusions (Reuters)

Reuters – Major world central banks announced on Thursday that they planned to scale back massive injections of U.S. See the original post: World central banks trimming U.S. dollar infusions (Reuters)

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Will Treasury Make Money On Bank Rescues?

The Treasury and Federal Reserve bailed out some of the major banks last year. Now a portion of that money is coming back, and with it some hefty profits for the government. Is the rescue of the banking system turning out to be a good investment for the taxpayers? …

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Wall Street extends gains on confidence data

NEW YORK (Reuters) – Stocks extended gains on Tuesday, with each of the major indexes briefly rising more than 1 percent, after a report showed consumer confidence rose more than expected in August. Read more: Wall Street extends gains on confidence data

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Wall Street extends gains on confidence data (Reuters)

Reuters – Stocks extended gains on Tuesday, with each of the major indexes briefly rising more than 1 percent, after a report showed consumer confidence rose more than expected in August. Excerpt from: Wall Street extends gains on confidence data (Reuters)

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U.S. vows to embrace U.N. in break with Bush-era policy

NEW YORK (Reuters) – The Obama administration will work with the United Nations to fight terrorism and other major world challenges, U.S. Here is the original post: U.S. vows to embrace U.N. in break with Bush-era policy

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For small businesses, CIT is already failing

The small business credit market is about to take another major hit. Six weeks after Advanta abruptly froze all of its 1 million credit-card accounts, lending giant CIT Group hangs in limbo and is reportedly eyeing bankruptcy. Go here to see the original: For small businesses, CIT is already …

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