Stocks rallied Monday. President Obama met with the leaders of the nation’s largest banks, calling on them to do more to boost the ailing economy. The meeting came amid news that Citigroup will pay back $20 billion of its TARP loan. Abu Dhabi will lend $10 billion to Dubai. Meanwhile, E...
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U.S. stocks were holding on to their gains at mid-day Monday, on confirmation that Citigroup would repay its Troubled Asset Relief Program loan from the government and word that Abu Dhabi would provide $10 billion to help Dubai World remain solvent. Traders also reacted to news that Exxon Mobil ...
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A man accused of sending lewd and inappropriate text messages to singer Ashanti is facing jail time. In other news, former Alaska governor Sarah Palin appeared on The Tonight Show with Conan O’Brien last Friday, Garth Brooks kick off his residency in Las Vegas over the weekend, and Disn...
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Stocks are kicking the week off in the green Monday. Exxon Mobil will buy XTO Energy in an all-stock transaction. The government of Abu Dhabi has stepped in to help ease the credit crisis in the United Arab Emirates. Additionally, Citi has joined the ranks of banks who will repay the TA...
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Citigroup is joining the ranks of national banks that have paid back their government bailout funds. The repayment means the bank will no longer be under strict government regulations that have come with holding TARP money. The lender will repay $20 billion it received from the Treasury ...
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U.S. President Barack Obama accepted the Nobel Peace Prize in Oslo, Norway, on Thursday, defending his policy of engagement with oppressive governments and the escalation of the American war effort in Afghanistan. RTT News’s Vincent O’Hara was on hand, and gives an interview on the feeling at th...
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European stocks gained after Abu Dhabi provided $10 billion to ease credit troubles in Dubai. The UK closed higher by 53 points, or 1 percent. Meanwhile Germany gained 8 tenths of a percent and France ended the day 7 tenths of a percent higher.
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Asian markets were mostly higher on Monday, although Japan eased just 2 points. Hong Kong jumped nearly 200 points, while China gained almost 60 points or a percent and three quarters. South Korea added 7 points to end higher for the fourth straight day, while Taiwan jumped almost 25 po...
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President Obama called leaders of the nation’s top banks to the White House Monday, challenging them to ease their restrictions on loans to consumers and small businesses. Obama told bankers to consider the taxpaying public that funded the funds that bailed them out during the financial...
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Monday’s calendar is light, with no economic data dn few earnings to note. Verifone is expected to report quarterly earnings before the opening bell. Take-Two Interactive Software is also on the calendar, and will post after the market close. On the economic front, traders to look ahead to a bus...
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In an interview with RTT News, Tommy Lee, drummer for hard-rock band Motley Crue and co-Creator of The Public Record discusses his latest business venture, with the hopes of changing the way music is made. Lee launched The Public Record in a time when consumers have less discretionary income for...
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