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BAC

13.76

0.05

0.36%

7.18

0.03

0.42%

AIG

1.66

0.02

1.22%

85.42

0.92

1.09%

UBS

14.90

0.55

3.83%

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Wal-Mart Warns, Sales Miss Expectations

posted: 55 MINUTES AGOcomments: 0

filed under: Earnings, Financial Crisis

Most of the nation's retailers are reporting steep sales declines for December -- a critical month for the holiday shopping season. Even Wal-Mart's same-store sales figures came in below expectations and the discount retailer is warning that its fourth-quarter profit will miss previous estimates.
Quote: WMT

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Obama Says We Need Stimulus Now

posted: ONE MINUTE AGOcomments: 0

filed under: Financial Crisis

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Making another pitch for a huge economic stimulus plan, President-elect Barack Obama says "a bad situation could become dramatically worse" unless Congress takes immediate action. "I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama warns.

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Warnings Suggest Ugly Earnings Season

posted: 4 HOURS 10 MINUTES AGOcomments: 0

filed under: Earnings, Financial Crisis

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A trio of earnings warnings from some of Wall Street's top companies Wednesday threw a wet blanket on the optimism that had buoyed the markets since before the start of this year. Will the dour outlooks echo through the rest of the business world?

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Does Bank of America Need More Capital?

posted: 19 HOURS 56 MINUTES AGO

filed under: BloggingStocks, Financial Crisis, Investing

Bank of America is raising capital, but its sale of 5.62 billion shares in China's Construction Bank suggests that it may be desperate for more cash. BloggingStocks takes a look at BofA's current situation. Quote: BAC
More BloggingStocks: Why Ape Citigroup?

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CBO Projects $1.2 Trillion Deficit for '09

posted: 1 DAY AGOcomments: 0

filed under: Financial Crisis

The federal budget deficit will hit an unparalleled $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures.

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Surge in Jobless Claims Crashes Systems

posted: 22 HOURS 20 MINUTES AGOcomments: 0

filed under: Financial Crisis, Tech News

With the number of Americans seeking jobless benefits hitting a 26-year high, some electronic systems used to file claims struggle to handle the influx. Over the last few days, the surge has crashed systems in at least three states.
From BloggingStocks: Private Sector Reports Massive Job Loss in December
Also See: Alcoa Cutting 15,000 Jobs
Need a Job? Begin Your Search Here

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Citigroup Limits Exec Pay, Bonuses

posted: 6 DAYS 3 HOURS AGOcomments: 0

filed under: Financial Crisis

The recipient of a $45 billion infusion from the federal government, Citigroup Inc. on Wednesday said it would place strict limits on management's compensation, including no severance for its top five executives.

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Private Sector Loses 693,000 Jobs

posted: 1 DAY AGOcomments: 0

filed under: Financial Crisis

Private-sector employers shed 693,000 jobs in December, a private employment service said on Wednesday in a report that was far worse than expected and pointed to more ugly news from the government's jobs data due later this week.

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