Wall Street swings from bear to rally in wild first quarter
The Dow fell from just over 9 000 to below 6 550 in early 2009 before a 21 percent 13 day rebound near 8 000. The Nasdaq outperformed with a 3 percent quarter drop as investors awaited April earnings.
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New York
Wall Street
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Barack Obama
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Quincy Krosby
The
Hartford
Ford GM Offer Payments If Job Loss Occurs
Ford and General Motors announce a program to cover car loan payments for buyers facing job loss. The plan applies to consumers who purchase vehicles in April and provides relief during unemployment.
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Ford
Chicago Sun-Times Files for Chapter 11 Protection
Chicago Sun-Times Media Group Inc. filed for Chapter 11 bankruptcy protection as revenue declines and tax liabilities press the company. The publisher says operations will continue as it works to reduce costs and stabilize its businesses. Hugo Chavez sought Arab support for a new oil-backed currency to challenge the dollar, reflecting regional unease with Western financial leadership.
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Chicago — Sun-Times Media Group Inc
Chicago Sun-Times
Chicago Area
Doha
Qatar
Hugo Chavez
America
South America
Arab League
U.S
Middle East
GM outlines rapid plan to fix debt and cut costs
General Motors CEO Fritz Henderson laid out a 30 day path to cut billions, sign Fiat as partner, and avoid bankruptcy. He warned failure could force court supervision while outlining broader cuts to bond debt pensions and retiree health costs affecting hundreds of thousands of workers and retirees.
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Detroit
General Motors Corp
Fritz Henderson
Chrysler LLC
Auburn Hills
Michi
Fiat Group Spa
Fiat
Chrysler
Henderson
Cer
General Motors
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Inter
U.S
Confidence steady as Americans brace for recession
The Conference Board reports the U S consumer confidence index rose to 26 0 in March from 25 3 in February signaling a stabilization after February’s all time low Yet economists warn sentiment remains fragile amid shrinking retirement funds falling home values and job insecurity The S P Case Shiller 20 city home price index shows a 19 percent year over year drop in January based on the housing report and the survey covered 5 000 households through March 24.
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Taseko
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lewCop
ATA Inc
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WeDnids
Merosot
MorgStan NY
Nsouce NY
Nordson
Nesd
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Ove SA
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Prusnsbp
Sherwin
Smucker NY
Snemics
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NYMX
UBU
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GAO urges hard line with AIG to curb bonuses
GAO tells Treasury to withhold the next 30 billion in AIG bailout until the firm reclaims millions in employee bonuses and negotiates cheaper exits from derivatives. The report notes the 700 billion rescue pool slowed recently and criticisms grew of Geithner’s pace and the wind down of contracts.
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American International Group Inc
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Timothy Geithner
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