AP - World stock markets rallied strongly Friday on the first trading day of 2009 as New Year's optimism more than offset grim economic news from around the globe.
Read more »World markets kick New Year off in style (AP)
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Global stocks rise on first trading day of year (Reuters)
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Reuters - World stock markets opened the new year with gains on Friday after a dismal 2008, while the dollar rose against major currencies and prices in crude and gold fell.
Read more »Obama, Congress leaders to meet Monday on economy (Reuters)
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Reuters - Both President-elect Barack Obama and Vice President-elect Joe Biden will huddle with Democratic and Republican congressional leaders on Monday to try to advance a huge economic stimulus bill that Obama hopes can be enacted quickly, despite Republican reservations.
Read more »Chrysler gets $4 billion U.S. government loan (Reuters)
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Reuters - Chrysler LLC on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors Corp.
Read more »GM, GMAC loosen finance pact after lender bailout (Reuters)
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Reuters - GMAC LLC on Friday said that as part of its $6 billion federal bailout and decision to become a bank, it will no longer have the exclusive right to provide low-interest loans to borrowers who buy General Motors Corp cars and trucks.
Read more »Global Stock Markets - 2008 Performance (Winners & Losers)
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Here's a look at how bad things were for global stock market indices in 2008.
Read more »Top Firm's Compensation 'Principles' Revealed
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Citi CEO Vikram Pandit has been writing to his (ever decreasing number of) staff again. This time it's about the firm's new compensation principles.
Read more »2 big banking sector acquisitions completed (AP)
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AP - Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and job losses mounted.
Read more »NYSE says to suspend R.H. Donnelley stock (Reuters)
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Reuters - The New York Stock Exchange said it determined that trading in the common stock of yellow pages directories publisher R.H. Donnelley Corp should be suspended, effective January 2.
Read more »Oil tumbles 3 percent after late surge capped dismal 2008 (Reuters)
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Reuters - Oil prices fell 3 percent on Friday, kicking off 2009 on a weak note as traders bet a late-day rally that drove up prices 14 percent on Wednesday was overdone.
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