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Financial Crisis
Details of GM's Accelerated Restructuring Plan
Apr 27, 2009, 1:00 pmGM announced a new restructuring plan with aggressive debt reductions, plant closures and job cuts.
U.S. Manufacturers See No Quick Economic Rebound
Apr 24, 2009, 4:00 pmMore U.S. manufacturers are giving up the hopes they had for an economic rebound later this year.
New U.S. Homes Inventories Plummet
Apr 24, 2009, 12:00 pmThe inventory of new U.S. homes for sale at the end of the March plummeted at a record pace, government data shows.
Ireland Likely to Take Further Stakes in Banks
Apr 24, 2009, 9:00 amIreland might have to inject more capital into Allied Irish Banks and Bank of Ireland as part of its "bad bank" plan.
Consumer Confidence Highest Since Lehman, AIG Crisis
Apr 22, 2009, 2:00 pmMarket bulls received more good news as confidence among U.S. consumers pushed to a seven month high in April.
UK Seeks to Lift Car Industry With Scrapping Scheme
Apr 22, 2009, 12:00 pmBritain announced plans to give buyerss a £2,000 discount a new vehicle when they trade in one more than ten years old.
China’s Economy Rebounds on Paper Only
Apr 21, 2009, 4:00 pmThe Chinese regime claims the recession is over in China, but experts don't trust the regime's math.
New York Times Posts Quarterly Loss, Ad Sales Fall
Apr 21, 2009, 11:00 amThe New York Times Co reported a quarterly loss because of a 27 percent drop in advertising revenue.
BoE Sees Signs of Recovery, UK Inflation Eases
Apr 21, 2009, 11:00 amThe Bank of England's forecast of a recovery is showing signs of fruition, a central bank policymaker said.
GM Cutting 1,600 U.S. Salaried Positions
Apr 20, 2009, 4:00 pmGM said it is cutting about 1,600 salaried jobs as it scrambles to reduce costs.
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