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• Reports: GM, Chrysler hold merger discussions
The Wall Street Journal, citing people it described as familiar with the discussions, said Cerberus Capital Management, the private equity firm that owns 80.1 percent of Chrysler and 51 percent of GMAC Financial Services, proposed trading Chrysler's ...
• Understanding the ‘Panic of 2008’
Brian Gendreau of ING Investment Management points out that the Dow Jones industrial average, founded in the late 19th century, until this month had never seen six consecutive daily declines of 1 percent or more. Forget normal Normally even falling ...
• U.S. will buy stock in banks, Paulson says
Paulson told reporters the administration was moving “swiftly and thoughtfully” to implement the new rescue package. The administration is expected to start making announcements next week of the private sector asset management firms that will be ...
• G7 pledges united response but rifts emerge
Faced with the threat of a global recession and panicky financial markets, Group of Seven members acknowledged that they could no longer afford a country-by-country, case-by-case approach to crisis management after 14 months of turmoil. Recapitalizing ...
• Frugal Choices for On-Demand Tech
In recent months, Tarzana, Calif.-basedInfoStreetbegan boosting its campaign to target its StreetSmart virtual office system and optional "customer relationship management" application to small businesses. The company is taking the software-as-a ...