Dow sinks on fear of European debt and recession
The Dow Jones Industrial Average fell more than 300 points amid worries about European debt and a possible U.S. recession. The index dropped to 10,992, its lowest close since August, as traders weighed ECB resignations and Obama’s $447 billion jobs plan amid congressional gridlock.
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New York
United States
Dow
U.S
Barack Obama
Congress
McDonald's Corp
Asia/Pacific
Middle East
Africa
Japan
China
Australia
GM chief calls for living within means and education reform
Dan Akerson told about 300 Notre Dame students that the United States must address its debt by reforming entitlement programs and improving public education. He defended GM’s post bailout model and noted the company’s profits, while saying Obama’s jobs plan hinges on Congress.
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South Bend
Ind
United States
General Motors Co
Dan Akerson
University of Notre Dame
Akerson
Barack Obama
Obama
Ackerson
New GM
Europe debates growth over further austerity in Marseille meeting
A growing chorus argues for stimulating growth to reduce debt as Europe faces slow recovery in Marseille France. Geithner urged faster world growth while Obama unveiled a large job plan and regional leaders confront renewed austerity pressures amid criticism that tightening budgets could deepen the downturn.
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Arseille
France
Europe
Germany
European Central Bank
Italy
U.S
Barack Obama
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Tim Geithner
Marseille
Geithner
U.N. Conference On Trade and Development
Honda recalls 310 773 Pilots for front seat belt issue
Honda Motor Co recalls 310 773 Pilot vehicles from 2009 through 2011 in the United States to inspect and possibly replace driver and front passenger seat belts due to stitching problems that could cause belts to come loose in a crash. No injuries reported. Owners should seek dealer inspection after recall notices.
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Los Angeles
Honda Motor Co
U.S
Honda
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