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U.S. to debut rescue

The Bush administration will unveil Tuesday sweeping measures to shore up the nation's financial system and restore confidence in it.

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14.10.2008 02:28:58 - Latest financial news - CNNMoney.com

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Spanish bank to buy Sovereign for $1.9 billion

Spanish bank Banco Santander, S.A. will acquire Sovereign Bancorp in a stock-for-stock transaction valued at about $1.9 billion, the companies announced Monday.

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14.10.2008 01:13:23 - Latest financial news - CNNMoney.com

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Obama: 5 new ideas for crisis

Both presidential candidates have gotten flack for not being more specific about just what they would do to help ease the financial crisis.

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14.10.2008 00:28:56 - Latest financial news - CNNMoney.com

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Stocks rallied Monday afternoon, with the Dow rallying 976 points during the session, as investors bet that the worst of the credit crisis is over, following a series of global initiatives announced over the last few days.

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14.10.2008 00:15:17 - Latest financial news - CNNMoney.com

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Goldman applies for N.Y. charter

Recently minted commercial bank Goldman Sachs Inc. has applied for a New York state banking charter, state officials said Monday.

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14.10.2008 00:12:12 - Latest financial news - CNNMoney.com

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GM closing factories in Wisconsin, Michigan

Read full story for latest details.

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13.10.2008 22:48:44 - Latest financial news - CNNMoney.com

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Bank stocks miss the rally

The stock markets finally enjoyed a good day, cheered by the news that global governments are taking unprecedented steps to ensure that the world's banking system does not crumble.

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13.10.2008 22:34:11 - Latest financial news - CNNMoney.com

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Dollar slips vs. euro, pound

The U.S. dollar fell against the euro and the pound Monday after government officials worldwide announced coordinated efforts to stabilize financial markets.

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13.10.2008 21:17:28 - Latest financial news - CNNMoney.com

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Oil recovers but demand worries remain

Oil prices bounced back above $80 a barrel Monday after a group of European countries tried to restore economic confidence by promising to bail out major banks.