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- FEDERAL Health Minister Nicola Roxon's plans to compare all Australian hospitals could eventually lead to direct federal funding of private hospitals, bypassing the states if they cannot offer as good a deal. In an interview with The Australian, Ms ...
- Oct. 22 (Bloomberg) -- Argentine lawmakers will try to block the government's use of $29 billion in nationalized pension assets to repay debt when they consider President Cristina Fernandez de Kirchner 's plan to seize the funds from private money ...
- Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial ...
- Oct. 22 (Bloomberg) -- Emerging-market bonds, currencies and stocks plunged from Brazil to Russia as speculation Argentina may default added to concerns of a global recession. The extra yield investors demand to own developing nation debt swelled 83 ...
- Terex Corporation TEX today announced net income for the third quarter of 2008 of $93.8 million, or $0.96 per share, compared to net income of $151.5 million, or $1.45 per share, for the third quarter of 2007, a decrease in earnings per share of 33.8 ...
- MUNICH, Germany -- The German state of Bavaria's finance minister resigned, accepting his share of responsibility after BayernLB, a regional public-sector bank, said it would seek 5.4 billion euros ($7.2 billion) in federal government aid. Bavaria's ...
- LONDON (MarketWatch) -- Fears over Central and Eastern Europe's ability to weather the global credit crunch mounted Wednesday after Hungary drastically hiked interest rates in an effort to halt a sharp currency slide. Hungary's central bank on ...
- NEW YORK - World stock markets sagged again Wednesday as a barrage of weak corporate earnings stoked fears that the government's financial intervention won't keep global economies out of recession. Poor earnings from large companies in disparate ...
- Two years ago, as it unveiled itself at the posh Roosevelt Hotel in Hollywood, Calif., the group behind ProElite Inc. -- Doug DeLuca (a film and television producer) and Gary Shaw (a boxing promoter) -- heralded the company as a legitimate contender ...
- Oct. 22 (Bloomberg) -- Stocks fell around the world, the euro sank to an almost two-year low against the dollar and commodities retreated as the economic slump deepened and corporate profits declined. Exxon Mobil Corp., BHP Billiton Ltd. and Petroleo ...
- Oct 20 (Reuters) - Ukraine's Prime Minister Yulia Tymoshenko expressed confidence on Monday that talks with the International Monetary Fund would prove successful. Officials have suggested the IMF could lend a sum ranging from $10-14 billion. * The ...
- "Liquidate labor, liquidate stocks, liquidate the farmers." So Treasury Secretary Andrew Mellon advised Herbert Hoover in the Great Crash of '29. Hoover did. And the nation liquidated him - and the Republicans. In the Crash of 2008, 40 percent of ...
- Oct. 17 (Bloomberg) -- The cost of borrowing dollars in London for three months may fall, rounding off the first weekly decline since July, after central banks injected billions of dollars into money markets and governments guaranteed loans. The ...
- WASHINGTON (AP) — Sen. Carl Levin says he may seek an additional $25 billion in loans for the auto industry before the end of the year. Levin said Thursday that the loans, which would double a $25 billion loan program approved last month, would ...
- STOCKHOLM, Sweden— The global credit crunch has given the euro a shinier gloss in Nordic nations that have so far resisted Europe's common currency. After Iceland's meltdown, Denmark and Sweden are rethinking the merits of going it alone. Euro ...
- PARIS, October 16, 2008 /PRNewswire-FirstCall via COMTEX/ -- - Services Revenue up by a Strong 12.6% Over the First Nine Months Including 14.1% Growth in the Third Quarter - Hotels Revenue up 3.7% Over the First Nine Months Including 1.1% Growth in ...
- NEW YORK — Wall Street remained tense today, swinging between sharp gains and losses as investors examined mixed economic and earnings data for clues about the health of the economy. The Dow Jones industrials, down 380 at one point, later rose more ...
- Oct. 16 (Bloomberg) -- Treasury 10-year notes were little changed as reports showed manufacturing and industrial production slumped, overshadowing the government's need to sell debt to fund its rescue of the financial system. U.S. securities pared ...
- Oct. 16 (Bloomberg) -- Highland Capital Management LP will close its flagship Highland Crusader Fund and another hedge fund after losses on high-yield, high-risk loans and other types of debt, according to a person with knowledge of the decision ...
- LOS ANGELES , Oct. 16 /PRNewswire/ -- The Save San Onofre Coalition today released a letter to Secretary of Transportation Mary Peters outlining significant concerns with the Transportation Corridor Systems' (TCS) unprecedented request for a $1.1 ...
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