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Aib Scraps Dividend To Shore Up Balance Sheet - Times Online
allied irish bank (aib) today announced that it will scrap its dividend in a bid to support its balance sheet, sending the lender's shares down by 9 per cent. the bank, which is covered by an irish government scheme that guarantees all savers' money ...
business.timesonline.co.uk

Rate Cuts Good And Bad For Consumers - Modesto Bee
the federal reserve just cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. the move that reduced the rate to 1 percent was a shot in the arm for wall street, which was up 10.1 percent last week. but what ...
www.modbee.com

Stocks Surge As Investors Anticipate Yearend Rally - Houston Chronicle
new york — investors believing that wall street is on the verge of a yearend rally piled into the market tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the dow jones industrials up 300 points to its highest ...
www.chron.com

Hedge Funds' Business Model Upended: James Saft - Reuters Uk
london (reuters) - it has been a bad few weeks for hedge funds, including perhaps the world's biggest, the united kingdom. like so many hedge funds, britain as a nation sought to maximise its gains in recent years by borrowing short term money ...
uk.reuters.com

Keep An Eye On Big Blue's Red Line - Cnn Money
san francisco (fortune) -- debt has always been a four-letter word, but has become an especially dirty one during this credit crunch. these days, folks with plenty of cash and no debt are cast as paragons of fiscal virtue, while those that ran up ...
money.cnn.com

Investors Anticipate Year-end Rally - Rutland Herald
new york — investors believing that wall street is on the verge of a year-end rally piled into the market tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the dow jones industrials up 300 points to its ...
www.rutlandherald.com

Makers Of Cars Ask U.s. For More - Chicago Tribune
washington — beleaguered u.s. automakers are seeking federal help beyond the money available for them as part of a financial industry bailout and a loan package to fund more fuel-efficient cars, the white house said tuesday. white house spokeswoman ...
www.chicagotribune.com

Dow Gains 300 Points - Austin American-statesman
new york — investors piled into the market tuesday and scarfed up stocks, propelling the dow jones industrial average up 300 points to its highest close in four weeks. it was the biggest election day rally for the dow, which rose 3.28 percent ...
www.statesman.com

Credit Cards Face Bad Debt - Sun-journal
charlotte, n.c. - u.s. banks charged off 5.47 percent of all credit card loans in the second quarter, according to the federal reserve, representing some $50 billion that they'll likely never collect. first came trouble with mortgages, then home ...
www.sunjournal.com

Allied Irish Shares Plunge As Poor Figures Expected - Independent
allied irish banks plc , ireland 's biggest lender by market value, tumbled as much as 17 percent in dublin trading after saying full-year earnings will slide. the shares lost as much as 74 cents, the biggest drop since oct. 13, and traded 49 cents ...
www.independent.ie