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Finance

Dow ends up 401 in another stunning U-turn

AP | ELLEN SIMON | Posted 05.25.2011 | Business

NEW YORK — A stock market as difficult to fathom as it is volatile pulled off another stunning U-turn on Thursday, transforming a 380-point loss...

JPMorgan's Dimon Talks About His New $25B

DealBook | Posted 05.25.2011 | Business

"We did not think JPMorgan should be selfish or parochial and try to stop what is good for the system," he said. Of course, there have also been repo...

Switzerland To Bail Out UBS

New York Times | Nelson D. Schwartz | Posted 05.25.2011 | Business

PARIS -- Switzerland, a banking redoubt considered until recently to be literally and figuratively above the global financial tumult, succumbed Thursd...

The Offer They Couldn't Refuse: When Paulson Met With Big Bankers

New York Times | Mark Landler and Eric Dash | Posted 05.25.2011 | Business

WASHINGTON -- The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at ...

Paulson: Investing In Banks Will Give Taxpayers "Maximum Bang"

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

The economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-p...

Financial Crisis: What's Next

Charlie Rose | Posted 05.25.2011 | Business
Charlie Rose

Many say they never saw this financial turmoil coming, but that's not the case for Nouriel Roubini. The professor of economics and international busin...

Asian markets tumble; Nikkei falls 10 percent

AP | JEREMIAH MARQUEZ | Posted 05.25.2011 | Business

HONG KONG — Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on Wall Street as worse-than-...

Retail Sales Slip In Sign Of Economic Downshift

New York Times | Michael M. Grynbaum | Posted 05.25.2011 | Business

Retail sales fell sharply in September as consumers shunned department stores, auto showrooms and shopping malls, ratcheting back spending for a third...

Bush: Federal intervention in banks is `temporary'

AP | BEN FELLER | Posted 05.25.2011 | Business

ADA, Mich. — President Bush said Wednesday he's against government taking part ownership in private businesses, but that it's necessary this tim...

JPMorgan Chase Profits Sink On Loan Losses

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, lever...

Massive Market Sell Off As Investors See Recession

New York Times | SHARON OTTERMAN, DAVID JOLLY and BETTINA WASSENER | Posted 05.25.2011 | Business

Wall Street looked beyond the government's bailout plan on Wednesday and saw more signs that the economy was in for a slowdown. And investors sold. ...

Financial Crisis Leaving Most Feeling A Bit... Cheated (VIDEO)

Wallstrip.com | Posted 05.25.2011 | Business

Wallstrip's Julie Alexandria delivers a swift recap of the bailout and a bleak, brief picture of the future. Best moment? Well, I'll save it for you, ...

Amid Fears, Retailers Shifting Strategies

USA Today | Jaybe O'Donnell | Posted 05.25.2011 | Business

It's beginning to look a lot like Christmas at some of the nation's stores, as retailers struggle to find ways to make shoppers forget about their bat...

Bailout becomes buy-in as feds move into banking

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $2...

Will Banks Really Have To Curb CEO Pay?

DealBook | Cyrus Sanati | Posted 05.25.2011 | Business

The government's rules specify that participating banks must claw back payments to senior executives if those payments were "based on statements of ea...

Government Investing In Banks Bold, But Not Totally New

New York Times | Steve Lohr | Posted 05.25.2011 | Business

The high-stakes program is intended to halt the worst financial crisis since the 1930s. If successful, it could long be studied by historians as a tex...

Top 10: Reasons You Know It's A Bear Market

WeSeed.com | Posted 05.25.2011 | Business

WeSeed.com, a site aimed at educating new investors about the stock market just released a chuckle-worthy top 10 list: Top 10 Signs We're in a Bear M...

NY Times: Bank Investment Is Good, But US Shouldn't Be Passive Investor

New York Times | Posted 05.25.2011 | Business

By taking an equity stake, taxpayers could have a better chance of seeing an eventual return on their investment. If the banks do turn around, then t...

Bank Of New York Will Oversee Bailout Fund

New York Times | Eric Dash | Posted 05.25.2011 | Business

The Bank of New York was named the master custodian firm overseeing the Treasury Department's bailout fund, the agency announced Tuesday. The master...

Stocks pull back as profit-taking sets in

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street ended a relatively calm session with a moderate loss Tuesday as investors, while happy with the government's plans to spe...

Bulls, Bears, Donkeys and Elephants: Investing Under Blue And Red Presidents

New York Times | Tommy McCall | Posted 05.25.2011 | Business

Since 1929, Republicans and Democrats have each controlled the presidency for nearly 40 years. So which party has been better for American pocketbooks...

Bernanke Wall Street Journal Op-Ed: Laying Groundwork For Recovery

Wall Street Journal | Ben S. Bernanke | Posted 05.25.2011 | Business

History teaches us that government engagement in times of severe financial crisis often arrives very late, usually at a point at which most financial ...

Morgan Stanley gets lifeline, is ready for deals

AP | JOE BEL BRUNO and STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Morgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money ...

Bush to announce expanded bank bailout details

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The Bush administration plans to spend an initial $250 billion of the $700 billion bailout buying stock in private banks, greatly e...

Iceland Looks For Overseas Help In Dire Financial Crisis

Reuters | Posted 05.25.2011 | Business

REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financia...