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GM, UAW In Dispute Over Imports And Plant Closures

Posted: 05/18/2009 - General Motors and the United Auto Workers are fighting over plans to close 16 U.S. factories and import vehicles from other countries as a June 1 deadline for a concession deal draws near.

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FBI Probes Possible Insider Trading

Posted: 05/15/2009 - Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys.

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Fed Official Says Recovery Will Be Slow

Posted: 05/15/2009 - Richard Fisher, president of the Federal Reserve Bank of Dallas, says he expects the "pace of decline will moderate" in the current quarter.

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Industrial Production Falls By Least In 6 Months

Posted: 05/15/2009 - The Federal Reserve says the nation's industrial production fell in April by the smallest amount in six months, evidence that the pace of the economy's decline is slowing.

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Ford Shareholders Approve Stock Offering

Posted: 05/14/2009 - Ford Motor Co. says shareholders have approved its request to issue more common shares to help pay some of its health care obligations to retired autoworkers.

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New Jobless Claims Rise More Than Expected To 637,000

Posted: 05/14/2009 - New jobless claims rose more than expected last week due partly to an increase in layoffs by the automobile industry, while the number of people continuing to receive unemployment benefits set a record for the 15th straight week.

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Wholesale Prices Rise 0.3% In April

Posted: 05/14/2009 - Wholesale prices have risen more than expected in April as the biggest jump in food costs in more than a year offset a second monthly decline in the price of energy products.

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Lawmaker Questions AIG Plan To Sell Assets

Posted: 05/13/2009 - The government-installed head of AIG is telling Congress the insurance giant is selling many of its foreign assets to repay U.S. taxpayers, but a key lawmaker questions whether the plan makes sense.

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Stocks Fall On Weak Retail Sales, Foreclosure Jump

Updated: 05/13/2009 - After its dizzying climb, Wall Street is looking at the economy more skeptically. Stocks retreated more than 2% and bond prices rose after two reports showed that the economy is not bouncing back as quickly as investors hoped.

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Bankers Push Against Credit Card Reform

Posted: 05/12/2009 - Bankers are pushing back against a bill that would prohibit arbitrary credit card rate hikes and make it harder for people under 21 to get a card.

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GM Shares Fall To Lowest Since Depression

Posted: 05/12/2009 - Shares of General Motors have tumbled to the lowest since 1933 today. Investors feared dilution of their stock or bankruptcy as the company approaches the June 1 restructuring deadline.

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Median Home Prices Fell Nationwide In 1Q

Posted: 05/12/2009 - Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter. First-time buyers looking for bargains were dominating the market.

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