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• China vows overhaul of ‘chaotic’ milk industry
In its strongest action yet, China’s highest level of government called the industry “chaotic” and acknowledged there was a lack of oversight. At Monday’s meeting of the State Council, or Cabinet, the government said it would punish companies ...
• Fraud plagues prepaid calling card market
But consumer watchdogs and government officials warn that certain segments of the market are plagued by fraud and deceptive practices that give consumers fewer minutes than they pay for and tack on all sorts of hidden and unfair "junk fees." The ...
• Financial fears hurtle Dow down 700 points
Investors around the world have been selling off stocks as they come to realize that financial systems in the United States and other countries need more than government bailouts to fix them. The Dow is in striking distance of its biggest one-day ...
• World markets plunge on fears of growing crisis
LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth. Investors took scant comfort from Washington ...
• Former Goldman exec to run financial rescue
... was made by Treasury Secretary Henry Paulson, who was the head of Goldman Sachs before he joined the Bush administration in 2006. Kashkari, 35, will head the office created by the emergency legislation enacted Friday to fund the largest government ...