StartUpToFinish

AP – HSBC PLC, Europe’s biggest bank, said Monday it will no longer write new consumer loans in the United States and will shut down its U.S. lending unit over the next five years due to the subprime mortgage market’s collapse. The decision will cost 6,100 U.S. jobs.
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Reuters – U.S. manufacturing shrank at a less severe pace last month and consumer spending bounced back in January, data showed on Monday, but the improvement was likely a blip amid a rapidly deteriorating economy.Read More… [Source: Yahoo! News: Business]

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Used and overstocked products are becoming hot sellers. These 6 secondhand merchants have seen their sales grow through the recession.Read More… [Source: Small business news - CNNMoney.com]

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Reuters – U.S. stocks slid to 12-year lows on Monday as a record $61.7 billion loss for AIG and another government bailout for the insurer heightened concerns about the extent of the damage to the financial system.
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If you take my money, you have to abide by my rules. Isnt that what your parents always used to say when you were an unruly teenager? You cant have that girl or boy in your room with the door closed. You cant smoke in the house. You cant have any contraband in your desk, [...]

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AFP – Global stock markets fell heavily on Monday, hitting fresh multi-year lows after news of another massive bailout for key US insurer AIG and a huge cash call at banking giant HSBC.
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AP – It’s time to polish up your penny-pinching skills. We’re stuck in the worst recession in a generation and managing your money will be is more critical than ever. “Americans are mad about money right now, and we should direct that in positive ways,” says Jeff Yeager, personal-finance expert.Read More… [Source: Yahoo! News: Business]

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Like many music retailers, Nathaniel Bernier was getting squeezed. His store, Wild Rufus Records, in the seaside town of Camden, Maine, was selling fewer CDs. It was suffering as a result of the music industry’s broader woes – CD sales nationwide were down a steep 17.5% last year. To make matters worse, the local Wal-Mart [...]

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Los Angeles Mayor Antonio Villaraigosa, who’s up for reelection tomorrow, recently spoke with a group of journalists, inlcuding Entrepreneur magazine, about the economic state of his city.
The mayor, who has no major challengers and is widely believed to be a shoo-in for reelection, vowed to continue to [...]

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Buying books on the Internet involves a familiar procedure: Browse, add to cart, check out and await delivery. So when Christy Mann, a third-year student at Wesleyan College in Macon, Ga., placed an order on the Web site betterworld.com, she was surprised to receive an e-mail that purportedly came from the used book she’d just [...]

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