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Update - ECB cuts by 75bp to 2.50%, their largest ever, but not much action in the Euro since this was the right move for the central bank given the recession in the Eurozone. Also, both the ECB and BoE’s moves pale in...
The Treasury Department is considering a new initiative to reverse the financial crisis. This plan, which is in the development stages, would tackle the depressed housing market head on by easing mortgage rates on new home...
France will spend €26 billion over the next two years in an effort to soften the blow of an economic slowdown and limit the effects of increasing unemployment, President Nicolas Sarkozy said Thursday. The plan, valued at about...
NEW YORK (Reuters) - Toll Brothers Inc , the largest U.S. luxury home builder, said its quarterly loss narrowed slightly as it wrote down less inventory, but dire market conditions kept it from giving any kind of forecast.
AT&T and DuPont joined the layoff parade Thursday, as the number of people drawing unemployment benefits hit a 26-year high. Those announcements came as the Labor Department said the number of new claims for unemployment...
