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  • Click for Full Story British treasury chief urges climate agreement

    11.07.2009 4:54 AM EST

    ST. ANDREWS, Scotland (AP) — British treasury chief Alistair Darling urged the world's top finance officials on Saturday to reach an agreement on bearing the cost of fighting climate change before a UN summit on global warming next month.

     
  • Banks in Ga., Mich., Minn., Mo., Calif. closed

    11.06.2009 10:11 PM EST

    CHARLOTTE, N.C (AP) — Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

     
  • Click for Full Story Pa. governor: Philly transit strike could end soon

    11.06.2009 11:49 PM EST

    PHILADELPHIA (AP) — A tentative contract agreement has been reached that could end the public transit strike that has idled Philadelphia's subways, buses and trolleys for four days, Gov. Ed Rendell said late Friday.

     
  • Click for Full Story Berkshire Hathaway says 3Q profit triples to $3.2B

    11.06.2009 8:31 PM EST

    OMAHA, Neb. (AP) — Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.

     
  • Click for Full Story Freddie Mac loses $6.3B in 3Q

    11.06.2009 7:35 PM EST

    WASHINGTON (AP) — Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.

     
  • Click for Full Story Stocks post modest gains as job losses slow

    11.06.2009 6:10 PM EST

    NEW YORK (AP) — Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday.

     
  • Click for Full Story Consumer borrowing drops $14.8B in September

    11.06.2009 7:38 PM EST

    WASHINGTON (AP) — Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.

     
  • Click for Full Story What recovery? Unemployment shoots past 10 percent

    11.06.2009 6:39 PM EST

    WASHINGTON (AP) — Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.

     
  • Click for Full Story Obama signs bill assisting homebuyers, jobless

    11.06.2009 6:50 PM EST

    WASHINGTON (AP) — President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

     
  • Click for Full Story AIG posts 2nd consecutive quarterly profit

    11.06.2009 2:57 PM EST

    NEW YORK (AP) — AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.

     
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