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European summit works on "ambitious" crisis plan (Reuters)
Source:Yahoo! News: Business      12 October 2008, 8:50 am

Reuters - European leaders raced against the clock on Sunday to clinch a rescue strategy for banks battered by the worst financial crisis since the 1930s, under intense pressure to throw them a lifeline before world markets reopen.

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Wall St Week Ahead: For stocks, high anxiety still rules (Reuters)
Source:Yahoo! News: Business      12 October 2008, 8:41 am

Reuters - High anxiety on Wall Street won't subside this week as the deepening credit crunch pushes the global economy into recession, and corporate profits increasingly become an afterthought as investors scramble to raise enough cash to weather the credit crisis.

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Financial markets near complete freeze (Reuters)
Source:Yahoo! News: Business      12 October 2008, 8:06 am
Reuters - Investors will be seeing this week whether policymakers found a way to pull markets away from a deeper collapse as global capital markets faced complete freeze-up.

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Bankruptcy financing gets pricier and more elusive (Reuters)
Source:Yahoo! News: Business      12 October 2008, 7:04 am
Reuters - Financing is getting pricier and more elusive for companies that file for bankruptcy.

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Chrysler, GM have merger talks: sources (Reuters)
Source:Yahoo! News: Business      12 October 2008, 6:44 am

Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.

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Toronto stocks swoon amid panic and commodities drop (Reuters)
Source:Yahoo! News: Business      10 October 2008, 5:31 pm
Reuters - The main index of the Toronto Stock Exchange tumbled almost 6 percent on Friday as the latest wave of panic swept through global equity markets, wiping billions of dollars more from investor portfolios and pushing commodity prices sharply lower.

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Money-market funds flock to guarantee program (AP)
Source:Yahoo! News: Business      10 October 2008, 4:12 am
AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday.

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Apparel chains report dismal September sales (AP)
Source:Yahoo! News: Business      9 October 2008, 12:33 pm

AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.

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