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Monthly Archive February, 2009

Low Mortgage Rates a Mirage as Fees Climb, Eligibility Tightens

February 28, 2009

Brian Wickert, a mortgage banker in Butler, Wisconsin, prides himself on screening applicants carefully. That’s why he was stunned when a customer who sailed […]

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Omnicare reverses loss for 4Q

February 27, 2009

Omnicare Inc. posted a profit for its fourth-quarter and year and offered a forecast above Wall Street’s expectations for 2009.
The pharmacy services company posted fourth-quarter […]

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Ameren’s Illinois customers to see natural gas prices drop

February 24, 2009

Ameren’s 840,000 natural gas customers in Illinois will see heating prices decline further next month because of a continued weakening in energy demand.
Retail […]

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U.S. bank stress tests to show capital needs: source

February 23, 2009

Financial regulators will soon launch a series of “stress tests” to determine which of the largest U.S. banks should get bigger capital cushions in […]

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Nortel to present new business plan in few weeks

February 19, 2009

Nortel Networks Corp aims to present its new business plan on how it will scale down its business operations within the next few weeks, […]

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G7 ministers pledge to avoid protectionism

February 16, 2009

ROME – The Group of Seven finance ministers pledged yesterday to avoid resorting to protectionism as they try to stimulate their own economies in […]

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Deal struck on economic stimulus package

February 14, 2009

Democratic leadership sources say they have worked out a way around the disagreement between the Senate and House over education funding in the economic […]

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Yoon Cuts South Korea GDP Forecast, Pledges Stimulus

February 12, 2009

South Korea’s new Finance Minister Yoon Jeung Hyun pledged to increase stimulus spending after forecasting the economy will contract about 2 percent this year […]

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Tim Hortons to share stores with ice-cream chain in U.S

February 9, 2009

Tim Hortons Inc. is moving to speed its expansion in the United States by co-branding up to 50 locations with Cold Stone Creamery.
Arizona-based Cold […]

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China auto sales may outpace U.S.

February 5, 2009

SHANGHAI–China likely overtook the U.S. in vehicle sales for the first time last month, a trend that could make China into the world’s largest […]

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