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Monthly Archive August, 2008

The economic growth mirage

August 29, 2008

Despite all the talk about the U.S. economy falling on hard times this year, the economy grew at a more solid pace during the […]

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Online bank touts 3.75% savings rate

August 27, 2008

New York Private Bank & Trust, the holding company of Emigrant Bancorp, Inc., unveiled a new online savings account Monday that the company claims […]

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Merrill settles Massachusetts dispute

August 25, 2008

Massachusetts Secretary of State William Galvin says Merrill Lynch & Co. had agreed to settle a case involving its sale of auction-rate securities and […]

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Ericsson and chip-maker in joint venture

August 22, 2008

Swedish wireless equipment maker LM Ericsson AB and Switzerland-based chip-maker STMicroelectronics NV’s have unveiled plans to create a 50-50 joint venture in semiconductors and […]

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EBay lowering fixed-price sellers

August 21, 2008

EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company’s boldest moves this year […]

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Home prices down 7.6%

August 19, 2008

Real estate prices continued to post steep year-over-year declines during the three months ended June 30, according to a new report from the National […]

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Slowing economy dents China car market

August 15, 2008

China’s car market, the world’s second largest, is losing speed more quickly than expected due to a slowing economy, rising fuel prices and natural […]

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Trade gap shrinks despite oil price surge

August 13, 2008

The U.S. trade deficit shrank unexpectedly in June as the weak U.S. dollar helped push exports higher and overpowered record high prices for imported […]

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OPEC looks on calmly as oil price falls

August 9, 2008

OPEC has held its nerve while oil prices have dropped nearly 20 percent in a month and the producer group is expected to let […]

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Citigroup to buy back $7 billion of auction-rate debt

August 7, 2008

Citigroup Inc agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges […]

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