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Fetched: January 22nd, 2008, 5:46pm CET
GLOBAL MARKETS-Stocks plunge despite emergency Fed rate cut (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Brazil's FinMin says global turmoil could hit growth (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Toronto stock index in strong bounce, up 300 pts (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
ADR Report-ADRs tumble, matching Monday's drop overseas (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Bush to meet lawmakers, open to options on economy (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
HIGHLIGHTS-EU finance ministers' meetings (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
European shares rise, financials celebrate rate cut (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
RPT-FACTBOX-Extra BoC rate cuts only in 'extraordinary' times (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
FOREX-Emergency Fed rate cut bruises dollar versus euro (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
UPDATE - Republican Romney warns of 'distressed' markets (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
ECB holds tough line on inflation, no comment on Fed (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Impact of the biggest stock falls in history (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Bank of Canada opts for mild rate cut despite Fed (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
US gold bounces on inflation fears, safe haven bid (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Brazil's Bovespa extends gains after Fed cuts rate (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
UPDATE - Canadian dollar rises after Bank of Canada rate cut (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
UPDATE - Colombia stocks rise nearly 6 pct after US Fed cut (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Trichet says market dip due to US imbalances-Italy (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
GLOBAL ECONOMY-Fed rushes to the rescue,Europe tries to reassure (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Financials lift European shares after Fed rate cut (at Reuters)
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Fetched: January 22nd, 2008, 5:46pm CET
Oil futures dropped sharply Tuesday on mounting concerns that the U.S. economy may be heading toward a recession that would dampen demand for crude.
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Fetched: January 22nd, 2008, 5:46pm CET
Railroad operator CSX Corp. said Tuesday its profit rose more than 5 percent in the fourth quarter, as expanding business and productivity increases offset sharply higher fuel costs.
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Fetched: January 22nd, 2008, 5:46pm CET
Health insurer UnitedHealth Group Inc. said Tuesday its fourth-quarter earnings climbed 3 percent, as growth in prescription services and Medicaid plans offset a smaller profit in its core health coverage division.
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Fetched: January 22nd, 2008, 5:46pm CET
Shares of regional banks were mostly higher in early trading Tuesday, even as the broader U.S. markets plummeted on worries of a possible recession.
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Fetched: January 22nd, 2008, 5:46pm CET
United Airlines parent UAL Corp. reported a $53 million loss for the fourth quarter Tuesday on a sharp rise in the price of fuel and bad weather that forced a raft of holiday flight cancellations.
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Fetched: January 22nd, 2008, 5:46pm CET
Ambac Financial Group Inc. swung to a deep fourth-quarter loss after taking a $5.21 billion write-down, and is reviewing ways to raise capital, the troubled bond insurer said Tuesday.
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Fetched: January 22nd, 2008, 5:46pm CET
Health care products maker Johnson & Johnson on Tuesday posted a fourth-quarter profit increase of nearly 10 percent as revenues jumped by double digits despite declines in sales of two key product lines.
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Fetched: January 22nd, 2008, 5:46pm CET
The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely.
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Fetched: January 22nd, 2008, 5:46pm CET
Hurt by the deepening credit crisis, Bank of America Corp. said Tuesday its fourth-quarter earnings fell 95 percent, and Wachovia Corp. reported its earnings tumbled 98 percent.
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Fetched: January 22nd, 2008, 5:46pm CET
Wall Street struggled to steady itself Tuesday, climbing back from an early plunge after the Federal Reserve cut interest rates to restore stability to a faltering U.S. economy. The Dow Jones industrials, down 465 points at the start of the session, recovered to a loss of about 200 points.
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Posted: January 22nd, 2008, 5:27pm CET
WASHINGTON (Reuters) - The Federal Reserve on Tuesday slashed a key interest rate by a hefty three-quarters of a percentage point, the biggest cut in more than 23 years, after a two-day global stocks rout sparked by fears of a U.S. recession.
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Posted: January 22nd, 2008, 5:24pm CET
WASHINGTON (Reuters) - The Supreme Court on Tuesday rejected an appeal by Enron Corp investors seeking to proceed with a $40 billion class-action lawsuit against investment banks that put together financing deals for the energy trader, which collapsed in 2001.
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Posted: January 22nd, 2008, 5:17pm CET
NEW YORK (Reuters) - Stocks fell on Tuesday as fears of a recession gripped investors and pushed the Nasdaq briefly into bear market territory.
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Posted: January 22nd, 2008, 5:15pm CET
NEW YORK (Reuters) - Bank of America Corp and Wachovia Corp , the second- and fourth-largest U.S. banks, on Tuesday said quarterly profits were nearly wiped out by more than $10 billion of credit losses and write-downs.
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Posted: January 22nd, 2008, 4:54pm CET
NEW YORK (Reuters) - Ambac Financial Group Inc on Tuesday reported a quarterly loss of $3.3 billion after recording massive credit derivative write-downs but its shares surged after the bond insurer said it could be close to raising much-needed new capital.
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Posted: January 22nd, 2008, 4:38pm CET
NEW YORK (Reuters) Wall Street stocks plunged at the open, extending a global rout as panic reached new heights despite the Federal Reserve's biggest emergency interest rate cut in more than two decades.
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Posted: January 22nd, 2008, 4:34pm CET
LONDON (Reuters) - Oil cut some of its losses to trade around $89 a barrel on Tuesday after the U.S. Federal Reserve took emergency action to help prevent the world's biggest fuel consumer from tipping into recession.
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Posted: January 22nd, 2008, 4:32pm CET
LONDON (Reuters) - Buyout funds Cerberus and JC Flowers have not ruled out re-entering the race to buy ailing bank Northern Rock Plc after Britain smoothed financing for a deal, people familiar with the matter said.
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Posted: January 22nd, 2008, 4:03pm CET
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Tuesday he was confident the U.S. and global economies were resilient but welcomed an emergency rate cut by the Federal Reserve as a helpful move.