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BlazinStreetz.com | Finance |
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GM to sell Hummer to Chinese company |
| DETROIT - General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands. |
| Posted: 06/02/2009 2:49 P |
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U.S. consumer spending eases, income surges |
| WASHINGTON - U.S. consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, a government report said on Monday, showing activity in the second quarter getting off to a slow start. |
| Posted: 06/01/2009 11:13 A |
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Retail giant Wal-Mart opens in India |
| The world's number one retailer Wal-Mart opened its first sales venture in India on Saturday as part of an ambitious plan to establish a foothold in the country's vast consumer market. |
| Posted: 06/01/2009 10:54 A |
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GM to announce 14 plant closures Monday |
| DETROIT - A person briefed on General Motors Corp.'s plans says the company on Monday will identify the 14 factories it will close as it heads toward an a likely Chapter 11 bankruptcy protection filing. |
| Posted: 05/28/2009 11:33 A |
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April new US home sales inch upward |
| WASHINGTON (AP) - New U.S. home sales were almost flat last month, indicating that the housing market's recovery will likely be a slow and gradual process. |
| Posted: 05/28/2009 11:28 A |
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Most economists see recession end in '09 |
| WASHINGTON - More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. |
| Posted: 05/27/2009 3:28 P |
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GM to cut 10,00 salaried jobs |
| General Motors says it's cutting 10,000 salaried jobs, blaming the need to restructure the company amid the continued drop in new vehicle sales. |
| Posted: 02/10/2009 9:30 A |
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Recession Hurts the NFL |
| The recession claimed another victim Tuesday, in the mighty National Football League. |
| Posted: 12/10/2008 9:33 A |
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U.S. Agrees to Citigroup Bailout |
| The federal government agreed to guarantee clost to $300 bilion in toubles assets weighin on the bank's books. |
| Posted: 11/24/2008 10:44 A |
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World's 4th Richest Man Loses $28 Billion |
| Indian steel tycoon Lakshmi Mittal, 58, the richest man in Europe and the 4th richest man in the world, can now be known as the world's biggest loser after his net worth plummeted by a whopping $28 billion over the last four months due to the global financial crisis. |
| Posted: 10/08/2008 11:03 A |
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Dow Drops Record 777 Points |
| The Dow plunged more than 777 points -- its largest point drop ever -- after the $700 billion financial bailout plan failed to pass the House on Monday. |
| Posted: 09/30/2008 11:57 A |
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Citigroup To Buy Wachovia |
| In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp. |
| Posted: 09/30/2008 11:56 A |
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Dow drops 500 Points on Financial Turmoil |
| The demise of Lehman Brothers, the country's fourth-largest investment bank and the sale of brokerage firm Merrill Lynch sent U.S. stocks plunging today in one of the toughest trading sessions in years with the Dow Jones industrial average losing more than 504 points. |
| Posted: 09/16/2008 9:37 A |
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Here |
| The US government is putting a couple extra dollars in your paycheck starting July 24. |
| Posted: 07/22/2008 2:51 P |
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