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Movies: Kevin Smith Makes a Hard-Core Comedy
News Alert: United States Economy Contracted by 0.3% in Third Quarter
Breaking News Alert
The New York Times
Thursday, October 30, 2008 -- 8:43 AM ET
-----
United States Economy Contracted by 0.3% in Third Quarter
The Commerce Department reported that gross domestic product,
which measures the output of goods and services, fell 0.3
percent in the third quarter, the weakest quarterly reading
in seven years. Economists expected an even steeper fall of
0.5 percent. Personal consumption spending fell at a 3.1
percent annual rate, the first time spending has contracted
since the recession of 1991.
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News Alert: Phillies Win World Series
Breaking News Alert
The New York Times
Wednesday, October 29, 2008 -- 10:05 PM ET
-----
Phillies Win World Series
The Philadelphia Phillies beat the Tampa Bay Rays, 4-3, to
win the World Series in five games. The victory came two days
after the game was suspended in the bottom of the sixth
inning because of rain.
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News Alert: Fed Cuts Key Interest Rate By a Half-Point, to 1%
Breaking News Alert
The New York Times
Wednesday, October 29, 2008 -- 2:20 PM ET
-----
Fed Cuts Key Interest Rate By a Half-Point, to 1%
The Federal Reserve's policy-setting committee reduced its
benchmark overnight interest rate, the Federal Funds target
rate, by one-half point, to 1 percent. The Fed said the move
was intended to address a marked slowing in economic activity
in the United States and abroad, and said it expected
inflation pressures to ease.
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News Alert: Stocks Soar on Bargain Hunting and Rate-Cut Hopes
Breaking News Alert
The New York Times
Tuesday, October 28, 2008 -- 4:04 PM ET
-----
Stocks Soar on Bargain Hunting and Rate-Cut Hopes
The Dow Jones industrials soared nearly 900 points as
investors anticipated a Federal Reserve rate cut and pushed
aside gloomy consumer confidence news. The Standard & Poor's
500-stock index was up more than 10 percent and the
technology-heavy Nasdaq rose more than 9 percent.
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News Alert: Senator Ted Stevens of Alaska Found Guilty of Lying About Gifts
Breaking News Alert
The New York Times
Monday, October 27, 2008 -- 4:05 PM ET
-----
Senator Ted Stevens of Alaska Found Guilty of Lying About Gifts
Senator Ted Stevens of Alaska has been convicted of lying
about free home renovations and other gifts he received from
a wealthy oil contractor. The Senate's longest-serving
Republican, Mr. Stevens was found guilty on all seven counts
of making false statements on Senate financial documents.
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News Alert: U.S. Stocks Slide After Rout Overseas
Breaking News Alert
The New York Times
Friday, October 24, 2008 -- 4:08 PM ET
-----
U.S. Stocks Slide After Rout Overseas
Stocks on Wall Street ended lower on Friday but avoided the
deep losses feared at the start of the day after a rout in
trading overseas. At 4 p.m., the Dow Jones industrial average
was down about 300 points and the broader Standard & Poor's
500-stock index was off 3.5 percent.
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Movies: 'HSM' Sparkles, 'Changeling' Fizzles
| |||||
News Alert: U.S. Stocks Dive at Opening After Rout Overseas
Breaking News Alert
The New York Times
Friday, October 24, 2008 -- 9:48 AM ET
-----
U.S. Stocks Dive at Opening After Rout Overseas
The Dow Jones industrial average fell more than 400 points in
early trading as stocks in the United States continued a
sharp sell-off that started in Asia and Europe after a round
of dismal corporate earnings reports and poor economic data.
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News Alert: OPEC to Cut Output by 1.5 Million Barrels a Day
Breaking News Alert
The New York Times
Friday, October 24, 2008 -- 5:54 AM ET
-----
OPEC to Cut Output by 1.5 Million Barrels a Day
The OPEC cartel ordered a cut in oil production of at least
1.5 million barrels a day on Friday. The reduction will come
into effect on Nov. 1, according to Ali Al-Naimi, the Saudi
oil minister.
Oil prices have more than halved since peaking at $147 a
barrel in July. After the OPEC statement, the price for Brent
crude immediately dropped below $63 a barrel.
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News Alert: Nikkei Closes Down 9.6%
Breaking News Alert
The New York Times
Friday, October 24, 2008 -- 3:42 AM ET
-----
Nikkei Closes Down 9.6%
Japan and South Korea led Asian stock markets in steep
declines Friday as dismal corporate earnings and economic
data underscored the depth of the challenges facing the
export-dependent economies in the Asia-Pacific region.
In Japan, the Nikkei 225 index plunged 9.6 percent, hitting
its lowest level since May 2003. The Kospi in South Korea
plummeted 10.6 percent, falling 1,000 points and heading for
a total decline this year of more than 50 percent.
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News Alert: New York Times Editorial Board Endorses Obama
Breaking News Alert
The New York Times
Thursday, October 23, 2008 -- 8:43 PM ET
-----
New York Times Editorial Board Endorses Obama for President
The New York Times editorial board has endorsed Senator
Barack Obama as the 44th president of the United States,
stating: "We believe he has the will and the ability to forge
the broad political consensus that is essential to finding
solutions to this nation's problems."
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News Alert: City Council Votes to Extend Term Limits
Breaking News Alert
The New York Times
Thursday, October 23, 2008 -- 4:57 PM ET
-----
New York City Council Votes to Extend Term Limits
After a spirited, emotional and at times raucous debate, the
New York City Council voted, 29 to 22, to extend term limits,
allowing Mayor Michael R. Bloomberg to seek re-election next
year and undoing the result of two voter referendums that had
imposed a limit of two four-year terms.
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News Alert: Stocks Dive as Crisis Erodes Earnings
Breaking News Alert
The New York Times
Wednesday, October 22, 2008 -- 4:03 PM ET
-----
Stocks Dive as Crisis Erodes Earnings
Worries about the corporate sector sent stocks on Wall Street
sharply lower again on Wednesday, with the Dow Jones
industrials falling about 500 points for the day. (At one
point in the final hour of trading, the index was down nearly
700 points.) Improvements in the credit markets did little to
placate investors in the face of weak earnings reports and a
bleak outlook for the remainder of the year.
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News Alert: Signs of Easing Credit and Talk of Stimulus Buoy Stocks
Breaking News Alert
The New York Times
Monday, October 20, 2008 -- 4:10 PM ET
-----
Signs of Easing Credit and Talk of Stimulus Buoy Stocks
Signs of improvement in the credit markets and comments by
the Federal Reserve chairman that seemed to encourage a new
government stimulus package helped give Wall Street a big
lift on Monday. The Dow Jones industrials closed up 413
points, or 4.6 percent. The Standard & Poor's 500-stock index
rose 4.8 percent, and the Nasdaq composite index was up about
3.4 percent.
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News Alert: Rays Beat Red Sox to Advance to World Series
Breaking News Alert
The New York Times
Sunday, October 19, 2008 -- 11:41 PM ET
-----
Rays Beat Red Sox to Advance to World Series
The Tampa Bay Rays defeated the Boston Red Sox, 3-1, in Game
7 of the A.L.C.S. to advance to the World Series for the
first time. The Rays will face the Philadelphia Phillies in
the Series, which starts Saturday night.
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News Alert: Former Secretary of State Colin L. Powell Endorses Obama
Breaking News Alert
The New York Times
Sunday, October 19, 2008 -- 9:25 AM ET
-----
Former Secretary of State Colin L. Powell Endorses Obama
In an appearance on NBC's "Meet the Press" on Sunday, former
Secretary of State Colin Powell endorsed Senator Barack Obama
for president.
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News Alert: Bush to Hold Global Economic Summit, Aide Says
Breaking News Alert
The New York Times
Saturday, October 18, 2008 -- 2:45 PM ET
-----
Bush to Hold Global Economic Summit, Aide Says
President Bush has agreed to play host to a summit of world
leaders soon to discuss the global response to the financial
crisis, a senior White House official said. No date for the
meeting was set, the official said.
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Movies: 'W.' is a Lame Duck; 'Rachel' Compels
| |||||
News Alert: Stocks in Late Rally After Oil Prices Slide
Breaking News Alert
The New York Times
Thursday, October 16, 2008 -- 4:17 PM ET
-----
Stocks in Late Rally After Oil Prices Slide; Dow Industrials Climb 4.6%
The Dow Jones industrial average rose 401.35 points or 4.6
percent on Thursday and the broader Standard & Poor's
500-stock index jumped 4.2 percent as oil prices declined.
Once again, the markets spent the day in search of direction
with the Dow trading in a range of about 800 points. Crude
oil prices closed down $4.70 to $69.84.
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News Alert: Phillies Defeat Dodgers to Advance to World Series
Breaking News Alert
The New York Times
Wednesday, October 15, 2008 -- 11:43 PM ET
-----
Phillies Defeat Dodgers to Advance to World Series
The Philadelphia Phillies beat the Los Angeles Dodgers, 5-1,
in Game 5 of the National League Championship Series to
advance to the World Series for the first time since 1993.
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News Alert: Stocks Slump on Gloomy Economic Omens; Dow Sheds 733 Points
Breaking News Alert
The New York Times
Wednesday, October 15, 2008 -- 4:13 PM ET
-----
Stocks Slump on Gloomy Economic Omens; Dow Sheds 733 Points
Stocks fell sharply on Wednesday in the face of new
indications that the economic downturn could be a prolonged
one. The Dow Jones industrial average fell 733.08 points, or
almost 8 percent, to 8,577.91, and the broader Standard &
Poor's 500-stock index was down 9 percent, wiping out most of
the gains from Monday's big rally.
The sell-off reflected the likelihood that serious
dislocations will plague the economy even if the coordinated
bailouts announced this week succeed in restoring confidence
to credit markets. Retail sales decreased 1.2 percent last
month, nearly double the 0.7 percent drop that had been
expected, and the chairman of the Federal Reserve, Ben S.
Bernanke, warned that the economy faced a difficult period.
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News Alert: Stocks Jump in Opening Minutes; Dow Rises More Than 300 Points
Breaking News Alert
The New York Times
Tuesday, October 14, 2008 -- 9:41 AM ET
-----
Stocks Jump in Opening Minutes; Dow Rises More Than 300 Points
The Dow Jones industrial average rose more than 300 points in
the early minutes of trading on Tuesday following rallies in
markets in Asia and Europe overnight. Investors were buoyed
by the announcement by the Bush administration of new
measures to combat the credit crisis, including an injection
of $250 billion into troubled American banks.
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News Alert: Bush Calls Plan to Invest $250 Billion in Banks 'Essential'
Breaking News Alert
The New York Times
Tuesday, October 14, 2008 -- 8:45 AM ET
-----
Bush Calls Plan to Invest $250 Billion in Banks 'Essential'
President Bush, speaking from the Rose Garden Tuesday before
the markets opened in New York, called the government plan to
invest up to $250 billion in banks essential to help assure
stability in the financial system. The president described
the government's new proposal, which includes a guarantee on
new debt issued by banks and other measures, as
"unprecedented and aggressive."
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News Alert: Treasury Outlines Investments in Banks
Breaking News Alert
The New York Times
Monday, October 13, 2008 -- 8:25 PM ET
-----
Treasury Outlines Investments in Banks
The Treasury Department, in its boldest move yet, is expected
to announce a plan Tuesday to invest up to $250 billion in
large and small banks, according to officials.
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News Alert: Stocks Soar by 11% After Aid to Banks
Breaking News Alert
The New York Times
Monday, October 13, 2008 -- 4:16 PM ET
-----
Stocks Soar by 11% After Aid to Banks
Stocks roared on Monday, erasing much of last week's losses,
on news that European nations had injected capital into major
banks, that the Treasury was working on plans to do the same
in the United States, and that a deal for a major Japanese
bank to provide new capital to Morgan Stanley was in place.
The S.&P. 500 posted a gain of 11.6 percent, its largest
since the Great Depression, to close at 1,003.35, in
preliminary figures. The Dow industrials gained 936.42 points
to close at 9,387.61.
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News Alert: U.S. Stocks Open Strongly After Gains Overseas
Breaking News Alert
The New York Times
Monday, October 13, 2008 -- 9:48 AM ET
-----
U.S. Stocks Open Strongly After Gains Overseas
The major stock exchanges in New York followed Europe and
Asia higher Monday, inspired by government efforts to
reassure investors.
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News Alert: Paul Krugman Wins the Nobel Prize in Economics
Breaking News Alert
The New York Times
Monday, October 13, 2008 -- 7:10 AM ET
-----
Paul Krugman Wins the Nobel Prize in Economics
The Royal Swedish Academy of Sciences cited Mr. Krugman "for
his analysis of trade patterns and location of economic
activity."
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News Alert: Mitsubishi and Morgan Stanley Renegotiating
Breaking News Alert
The New York Times
Sunday, October 12, 2008 -- 5:35 PM ET
-----
Mitsubishi and Morgan Stanley Renegotiating
Morgan Stanley was racing to salvage a crucial investment
from a big Japanese bank on Sunday in an effort to allay
growing fears about its future -- negotiations so critical to
the financial markets that they have drawn in both the
Treasury Department and the Japanese government.
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News Alert: European Leaders Agree to Inject Cash Into Banks
Breaking News Alert
The New York Times
Sunday, October 12, 2008 -- 3:08 PM ET
-----
European Leaders Agree to Inject Cash Into Banks
European financial and political leaders agreed late Sunday
to a plan that would inject billions of euros into their
banks in a bid to restore confidence to the teetering
financial system. Both France and Germany were planning to
unveil national rescue packages on Monday, official said.
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News Alert: U.S. Removes North Korea From Terrorism Blacklist
Breaking News Alert
The New York Times
Saturday, October 11, 2008 -- 11:24 AM ET
-----
U.S. Removes North Korea From Terrorism Blacklist
The United States announced that North Korea has agreed to
the Bush administration's nuclear inspection demands and is
being dropped from a U.S. terrorism blacklist.
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News Alert: G.M. and Chrysler Explore Merger
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 10:06 PM ET
-----
G.M. and Chrysler Explore Merger
General Motors is in preliminary talks about a possible
merger with Chrysler, a deal that could drastically remake
the landscape of the auto industry by reducing the Big Three
of Detroit automakers to the Big Two.
The talks between G.M. and Cerberus Capital Management, the
private equity firm that owns Chrysler, began more than a
month ago, and the negotiations are not certain to produce a
deal. Two people close to the process said the chances of a
merger were "50-50" as of Friday and would most likely still
take weeks to work out.
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News Alert: Panel's Report Finds Palin Abused Power in Firing
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 8:27 PM ET
-----
Panel's Report Finds Palin Abused Power in Firing
A legislative committee investigating Gov. Sarah Palin found
she unlawfully abused her authority in firing Alaska's public
safety commissioner, The Associated Press reported.
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News Alert: Stocks Lower After Day of Wild Swings
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 4:12 PM ET
-----
Stocks Lower After Day of Wild Swings
After a day in which the Dow Jones industrial average swung
from a 700-point slide to a 300-point gain, stocks ended the
session with another loss. The Dow ended down about 130
points, and the broader Standard & Poor's 500-stock index was
off 1.1 percent.
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News Alert: Connecticut Ruling Overturns Ban on Same-Sex Marriage
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 12:17 PM ET
-----
Connecticut Ruling Overturns Ban on Same-Sex Marriage
Connecticut's Supreme Court ruled Friday that same-sex
couples have the right to marry, making the state the third
to legalize such unions.
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News Alert: European Stocks Dive
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 6:19 AM ET
-----
European Stocks Dive
European markets fell more than 10 percent at their opening
but were coming off their lows later.
In morning trading, the DJ Euro Stoxx 50 index, a barometer
of blue chips in the euro zone, was down 8 percent. The FTSE
100 index in London was down 6.2 percent, the CAC-40 in Paris
was down 7.2 percent and the DAX in Frankfurt was down 7.9
percent.
Shares in Asia also tumbled.
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News Alert: Martti Ahtisaari Wins Nobel Peace Prize
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 5:03 AM ET
-----
Martti Ahtisaari Wins Nobel Peace Prize
The Nobel Peace Prize was awarded to Martti Ahtisaari of
Finland, "for his important efforts, on several continents
and over more than three decades, to resolve international
conflicts."
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News Alert: Nikkei Closes Down 9.6%
Breaking News Alert
The New York Times
Friday, October 10, 2008 -- 2:49 AM ET
-----
Nikkei Closes Down 9.6%
Stock markets in Asia plunged on Friday as investor sentiment
was battered by the overnight rout on Wall Street, by
confirmation that Singapore had slid into recession and by
news of a financial-sector bankruptcy in Japan.
In Tokyo, the Nikkei 225 index -- already shaken by a nearly
10 percent drop on Wednesday -- slumped another 9.6 percent
on Friday, closing at 8,276.43.
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News Alert: Stocks Plunge in Last Hour, Dow Below 8,600
Breaking News Alert
The New York Times
Thursday, October 9, 2008 -- 4:17 PM ET
-----
Stocks Plunge Again in Last Hour, Dow Below 8,600
A late-day decline once again pushed stock markets down
sharply Thursday. The Dow Jones industrial average declined
about 7.3 percent or 678.91 points on the day to close at
8,579.19, about 40 percent below its peak close of 14,164.53,
exactly a year ago. The broader Standard & Poor's 500-stock
index was down nearly 7.6 percent on Thursday.
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News Alert: Jean-Marie Gustave Le Clezio Wins Nobel Prize in Literature
Breaking News Alert
The New York Times
Thursday, October 9, 2008 -- 7:07 AM ET
-----
Jean-Marie Gustave Le Clézio Wins Nobel Prize in Literature
The 2008 Nobel Prize in Literature has been awarded to the
French novelist Jean-Marie Gustave Le Clézio.
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News Alert: U.S. Study Is Said to Warn of Crisis in Afghanistan
Breaking News Alert
The New York Times
Wednesday, October 8, 2008 -- 9:44 PM ET
-----
U.S. Study Is Said to Warn of Crisis in Afghanistan
A draft report by American intelligence agencies concludes
that Afghanistan is in a "downward spiral" and casts serious
doubt on the ability of the Afghan government to stem the
rise in the Taliban's influence there, according to American
officials familiar with the document.
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News Alert: U.S. May Take Ownership Stake in Banks
Breaking News Alert
The New York Times
Wednesday, October 8, 2008 -- 9:40 PM ET
-----
Treasury Department May Take Ownership Stake in Banks
Having tried without success to unlock frozen credit markets,
the Treasury Department is considering taking ownership
stakes in many United States banks to try to restore
confidence in the financial system, according to government
officials.
Treasury officials say the just-passed $700 billion bailout
bill gives them the authority to inject cash directly into
banks that request it. Such a move would quickly strengthen
banks' balance sheets and, officials hope, persuade them to
resume lending. In return, the law gives the Treasury the
right to take ownership positions in banks, including healthy
ones.
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News Alert: Fed Leads Global Coordinated Rate Cut
Breaking News Alert
The New York Times
Wednesday, October 8, 2008 -- 7:13 AM ET
-----
Fed Leads Global Coordinated Rate Cut
The U.S. Federal Reserve led a coordinated round of global
official rate cuts on Wednesday, easing the key rate by a
half-point. Other central banks, including the European
Central Bank, the Bank of England and the Swiss, Canadian and
Swedish banks also lowered rates by a half-point.
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News Alert: Europe Slides in Early Trading After Tokyo Shares Lose 9.4%
Breaking News Alert
The New York Times
Wednesday, October 8, 2008 -- 6:24 AM ET
-----
Europe Slides in Early Trading After Tokyo Shares Lose 9.4%
Another wave of relentless selling washed over global markets
Wednesday, with stocks plunging in Europe and Asia. The Tokyo
market had its worst decline since the 1987 crash.
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News Alert: Dow Falls 500 Points; S.&P. Drops 5.7 Percent
Breaking News Alert
The New York Times
Tuesday, October 7, 2008 -- 4:18 PM ET
-----
Dow Falls 500 Points; S.&P. Drops 5.7 Percent
Wall Street had yet another dismal day, extending its heavy
losses as investors' worries about the financial sector wiped
out early enthusiasm over the Federal Reserve's efforts to
inject confidence into the credit markets. The Dow Jones
industrial average lost 508.39 points.
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News Alert: Dow Closes Down About 360 Points, Recovering From 800-Point Drop
Breaking News Alert
The New York Times
Monday, October 6, 2008 -- 4:12 PM ET
-----
Dow Closes Down About 360 Points, Recovering From 800-Point Drop
In another frantic day on Wall Street, the Dow Jones
industrials plunged as much as 800 points before closing with
a loss of about 360. Investors sold on a growing realization
that the credit crisis is likely to take a heavy toll around
the world. The Dow set a new record for a one-day point drop
and also fell below 10,000 for the first time since 2004, but
recovered somewhat in the afternoon.
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News Alert: S.&P. 500 Off 7.7%; Dow Industrials Down 700 Points
Breaking News Alert
The New York Times
Monday, October 6, 2008 -- 2:39 PM ET
-----
S.&P. 500 Off 7.7%; Dow Industrials Down 700 Points
Stricken investors worried about spreading problems in the
credit markets bid stocks down sharply across the board, with
major indexes falling more than 7 percent by midafternoon.
The Dow Jones industrial average fell below 9,600, its lowest
level in more than five years, with 90 minutes left in the
trading session.
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News Alert: Dow Falls Below 10,000 on Credit Fears in Europe
Breaking News Alert
The New York Times
Monday, October 6, 2008 -- 10:44 AM ET
-----
Dow Falls Below 10,000 on Credit Fears in Europe
Wall Street stumbled again as the banking crisis expanded its
grip on the world economy, sending stocks sharply lower
around the world and pushing oil below $90.
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News Alert: O.J. Simpson Found Guilty in Armed Robbery Trial
Breaking News Alert
The New York Times
Saturday, October 4, 2008 -- 2:04 AM ET
-----
O.J. Simpson Found Guilty in Armed Robbery Trial
A jury has found O.J. Simpson guilty in a Las Vegas armed
robbery and kidnapping case. Mr. Simpson faced 12 charges
stemming from a September 2007 confrontation in a casino
hotel room in which he and five cohorts departed with
hundreds of items of sports memorabilia.
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News Alert: House Approves Bailout on Second Try
Breaking News Alert
The New York Times
Friday, October 3, 2008 -- 1:37 PM ET
-----
House Approves Bailout on Second Try
The House of Representatives gave final approval on Friday to
the $700 billion financial bailout, reversing course to
authorize what may be the most expensive government
intervention in the marketplace in history.
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Movies: A Sweet 'Playlist' and a Drama Short of 'Genius'l
| |||||
News Alert: Economy Shed 159,000 Jobs in September
Breaking News Alert
The New York Times
Friday, October 3, 2008 -- 8:36 AM ET
-----
Economy Shed 159,000 Jobs in September
Adding to signs of economic slowdown, the decline in nonfarm
employment was the steepest in five years and was the ninth
straight monthly decline. The unemployment rate held at 6.1%.
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News Alert: Wells Fargo to Merge With Wachovia
Breaking News Alert
The New York Times
Friday, October 3, 2008 -- 7:32 AM ET
-----
Wells Fargo to Merge With Wachovia
The announcement of the $15.1 billion all-stock merger comes
only four days after Citigroup agreed to buy Wachovia's
retail banking operations for about $1 a share.
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News Alert: Dow Falls 348 Points. S.&P. Drops 4 Percent
Breaking News Alert
The New York Times
Thursday, October 2, 2008 -- 4:26 PM ET
-----
Stocks Slide Ahead of House Vote on Bailout Bill
Stocks fell sharply on Thursday as concerns about the
tightening flow of credit and the worsening economy
outweighed the prospects of a quick passage of the
government's bailout plan.
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News Alert: Bloomberg Says He Would Run Again if Law Changed
Breaking News Alert
The New York Times
Thursday, October 2, 2008 -- 12:28 PM ET
-----
Bloomberg Says He Would Run Again if Law Changed
Mayor Michael R. Bloomberg announced on Thursday that he
would support changing the term limit law and would seek a
third term as mayor if it is lifted.
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News Alert: Senate Passes $700 Billion Bailout Plan
Breaking News Alert
The New York Times
Wednesday, October 1, 2008 -- 9:56 PM ET
-----
Senate Passes $700 Billion Bailout Plan
The Senate strongly endorsed the $700 billion economic
bailout plan Wednesday, leaving backers optimistic that the
easy approval, coupled with an array of popular additions,
would lead to House acceptance by Friday and end the
legislative uncertainty that has rocked the markets.
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