Dow Gains Near 900 Points As Bargain Hunters Move In
Wall Street surged with the Dow Jones climbing nearly 900 points and the S&P 500 up about 11 percent amid late session buying. Analysts cite rebound from steep losses and expectations of an imminent rate cut, though volatility remains high and the market trims its yearly decline. The Dow remains about 36 percent below its October 2007 peak.
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New York
Wall Street
Dow Jones
Dow
Standard & Poor
Federal Reserve
Akron Mall to close quickly leaving few going out sales
Akron Rolling Acres Mall in Akron will shut down swiftly with tenants told to vacate as electricity will be cut by Friday. Sears and JC Penney remain powered separately. Public records show about 130000 dollars owed on the electric bill and nearly 269000 dollars in Summit County taxes.
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Akron
Rolling Acres
Sears
JC Penney
Summit County
Credit card defaults risk to banks amid slowing economy
Banks face rising credit card charge offs as consumers fall behind on payments. Fed shows 5.47 percent of card loans charged off in Q2, about 50 billion dollars unlikely to be collected. Subprime exposure and high limit cards threaten majors like Bank of America and Citi.
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Charlotte
N.C
U.S
Federal Reserve
Ken Lewis
Bank of America Corp
Lewis
Innovest
Bank of America
Washington Mutual Inc
American Express Co
Nishikawa
James Early
The
Motley Fool
Twinsburg plant could feel GM Chrysler merger impact
The Twinsburg stamping plant near Cleveland, a Chrysler facility with 1,000 local workers, faces an uncertain future amid GM Chrysler merger talks. Analysts warn of job losses and plant consolidations if a deal proceeds, with broader regional pain in Ontario and Michigan.
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Twinsburg
Gm-Chrysler
Cleveland
Ohio
General Motors Corp
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Chrysler
General Motors
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Cleveland State University
Katherine Procop
Procop
Jeep
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Canada
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CLU & Associates Insurance Agency Inc
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Mentor
Parma
Sandusky
Stow
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Aspen Dental
Newdlantalinhs Com
Mone Nanan Mae
the Market IN Review
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