Archive for July 8th, 2009
California on brink of fresh budget talks
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Alcoa posts its third consecutive quarterly loss
Aluminum producer Alcoa Inc. reported its third quarterly loss in a row Wednesday, as the global recession has crippled demand for the lightweight metal.
9 firms to run toxic assets program
The government on Wednesday tapped nine financial firms to manage a scaled-down program aimed at helping the nation’s banks and said it would invest up to $30 billion to get it started.
Stocks stage late-day turnaround
Wall Street erased most of its losses by the close Wednesday, as investors set aside concerns about the economy to gear up for the quarterly reporting period, which got underway after the closing bell with Alcoa.
Google Chrome: Microsoft killer?
For years, Microsoft has been trying to devise a “Google killer” (Can you say Live? Bing?). On Wednesday, the search engine giant lashed back with its own Chrome operating system. Could it be a “Microsoft killer?”
Stimulus spending short sighted - watchdog
Fiscally-stressed states are using their stimulus dollars to satisfy immediate needs rather than undertake longer-term reforms, according to a government report released Wednesday.
Bonds rise after strong auction
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Dollar strengthens ahead of earnings
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Consumers trim borrowing
Consumer debt fell in May, for the fourth straight month, a government report said Wednesday.
Oil slides toward $60
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