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Crude prices slip as the dollar rallies and supply concerns fade. Oil prices edged lower Thursday, after climbing nearly $3 earlier in the session, as traders looked past renewed supply concerns to focus on a stronger dollar...
BIG SETTLEMENTS — Citigroup Inc. will buy back more than $7 billion in auction-rate securities from thousands of investors nationwide and pay $100 million in fines. WHY? — State and federal regulators say Citigroup marketed the...
European Central Bank elects to hold rates steady, and bank president Trichet warns of economic weakness in the 15-nation euro zone. The dollar gained against the euro Thursday, holding a 9-week high against the European...
Unemployment claims jump to six-year high; retail sales disappoint NEW YORK - Wall Street tumbled Thursday, closing down after weekly unemployment claims jumped to a six-year high and Wal-Mart Stores Inc. and other retailers...
A few years from now, the world's largest insurer might not be so large. "A less complex AIG will be a better competitor," AIG's new chief executive, Robert Willumstad, said during a conference call Thursday with investors....
By Associated Press Thursday, August 7, 2008 - On a recent scorching-hot summer day, workers at Reed’s Firewood used heavy equipment to cut and split logs into firewood until it was too dark to see. The cost of seasoned...
The nation's jobs market sent a fresh cry of distress as the number of newly laid off people unexpectedly hit the highest level in more than six years, a Labor Department report showed Thursday. The faltering economy and tight...
