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Business 12 Feb 2009 | 12:00 AM

Wall Street: Stocks end higher on agreement on stimulus bill

NEW YORK (AP): Investors shuttled between optimism and pessimism Wednesday, finally betting that the government might help the economy out of recession after all.

Business 11 Feb 2009 | 12:00 AM

Bankers: Bailout funds helped, repayment coming

WASHINGTON (AP) - Several chief executives at major U.S. banks that received injections of capital from the federal government last fall say they made more loans as a result of the infusions and vowed to pay back the taxpayer money over time.

Business 07 Feb 2009 | 12:00 AM

Wall Street has another big rally

Wall Street has had another big rally as investors bet the government will take some big steps to help the economy.hr noshade size=-1 width=50%>

Business 26 Nov 2008 | 12:00 AM

US commitments to contain crisis approach US$7 trillion

The U.S. government's commitments to contain the financial crisis now approach $7 trillion.

Business 16 Oct 2008 | 12:00 AM

Bank of NY Mellon to oversee rescue plan

The US Treasury Department said Bank of New York Mellon Corp, the world's largest custodian of assets, will oversee much of its US$700bil emergency financial industry rescue plan. The terms were not disclosed.

Business 15 Oct 2008 | 12:00 AM

US bailout becomes buy-in as Feds move into banking

Big banks started falling in line Tuesday behind a reconfigured bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership, putting the world's bastion of capitalism and free markets squarely in the banking business.

Business 15 Oct 2008 | 12:00 AM

Financial power shifts from Wall Street to Washington.

NEW YORK (AP) - The U.S.'s financial power center has shifted from Wall Street to Washington.

Business 19 Sep 2008 | 12:00 AM

Putnam Fund closes after investors pull cash

BOSTON (AP) - Putnam Investments on Thursday suddenly closed a $12 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as Lehman Brothers Holdings Inc.

Business 15 Jul 2008 | 12:00 AM

Rescue plan welcomed but fears remain

The US government plan to rescue mortgage agencies Fannie Mae and Freddie Mac was welcomed by one of the world's biggest holders of dollar assets yesterday but fears remained about the state of the global financial system.

Business 17 Oct 2007 | 12:00 AM

Wall Street falls

Wall Street sank for a second straight session Tuesday after Federal Reserve Chairman Ben Bernanke said the slumping housing market remains a significant drag'' on the economy.