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Following the crisis on Wall Street and criticism of his contention that the economy is fundamentally strong, John McCain injected a new economic populism into his campaign in a brief speech Tuesday in Tampa. ...more
September 17, 2008
The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system. ...more
September 17, 2008
With Wall Street engulfed in crisis, the Securities and Exchange Commission is planning measures to rein in aggressive forms of short-selling that were blamed in part for the demise of Lehman Brothers and which some fear could be turned against other vulnerable companies. ...more
September 16, 2008
The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more
September 8, 2008
The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more
September 7, 2008
Shells Seafood Restaurants Inc., a Tampa-based chain, has filed for Chapter 11 bankruptcy protection in Tampa, according to documents filed Wednesday with the Securities and Exchange Commission. ...more
September 4, 2008
Shells Seafood Restaurants Inc., a Tampa-based chain, filed for Chapter 11 bankruptcy protection in Tampa today, according to a filing with the Securities and Exchange Commission. ...more
September 3, 2008
Perverse monetary policy was the greatest cause of the Great Depression. But non-monetary missteps were important in making the Depression great, and the same missteps damaged the global economy as well. While many are thinking about the Depression, few seem concerned about replicating these mistakes today. Among them: ...more
August 24, 2008
Oracle Corp. founder Larry Ellison, a longtime fixture on the list of the world's richest people, now is ensconced atop The Associated Press' rankings of the top-paid chief executives in the United States. ...more
August 22, 2008
Outback Steakhouse's parent company, OSI Restaurant Partners, posted a huge loss of nearly $177 million in its second quarter, much of it related to a reduction in the company's value, but also triggered by a steep drop in restaurant sales. ...more
August 16, 2008
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