StartUpToFinish

Reuters – U.S. auto sales dropped by more than 41 percent in February to the lowest level in almost three decades as deepening economic uncertainty drove Americans away from big purchases and new debt despite aggressive discounts from major automakers.Read More… [Source: Yahoo! News: Business]

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AP – Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.
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With the stated goal of generating up to $1 trillion in lending for businesses and households, the Federal Reserve and Department of the Treasury have rolled out their plan to lend up to $200 billion by the end of the month. Part of the Term Asset-Backed Securities [...]

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AP – Europe’s stock markets mostly recovered their earlier losses Tuesday with the notable exception of Britain’s FTSE 100 index as U.S. futures pointed to a firmer opening on Wall Street following Monday’s severe losses.
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Reuters – Top U.S. movie rental chain Blockbuster has enlisted lawyers to help it raise capital and refinance debt, but stressed on Tuesday it has no plans to file for bankruptcy.Read More… [Source: Yahoo! News: Business]

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Reuters – U.S. Federal Reserve Chairman Ben Bernanke on Tuesday defended the government’s latest bailout of embattled insurer AIG, telling irate lawmakers that he was also angry, but that the failure to act could have triggered an economic disaster.
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Reuters – Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.
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This week we passed by a certain milestone for a modest little community like ours. We posted our 10,000th comment. It came from Laurel, of Santa Barbara, California, whose observation on that day was typical of the kind of thing that has made this blogspace such an addictive experience for me. Here is our 10,000th [...]

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When sisters Monica Simeon and Marina TurningRobe invited Fortune Small Business to do a Makeover of their bath and body products business, they faced exciting opportunities – and daunting challenges (”Sister Act,” December 2007/January 2008).Read More… [Source: Small business news - CNNMoney.com]

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The Small Business Administration is still waiting for a detailed budget and breakdown of its financial priorities for the next fiscal year, but the budget overview President Barack Obama released last week earmarks around $700 million to support the agency in 2010, enough for it to back $28 billion in loans to small businesses.Read More… [...]

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