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Business 07 Jun 2003 | 12:00 AM

US stock buyers ignore scandals

A year ago, word of a government probe or accounting irregularity in the shell-shocked post-Enron world was enough to send US stocks careening and investors running for cover.

Business 04 Mar 2005 | 12:00 AM

Sharp jump in oil prices keeps US stocks mixed

Oil prices pressured stocks Thursday, leaving the major indexes mixed despite upbeat retail sales and strong economic news.

Business 23 Mar 2005 | 12:00 AM

News in brief

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.

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 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 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 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 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 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.