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Dow Falls 340 Points with Release of Unemployment And Retail Sales Rates News
The Dow Jones Industrial Average, a stock market index used to gauge the performance of American stock exchanges, fell 344.65 at the close of trading Thursday. The exact reason for the drop is unknown, with different news agencies pointing to different...America’s Economic “Growth†: Seeing Isn’t Always Believing – Political Opinion
Americans tend to use an inaccurate measure of their economic well-being, GDP, to gauge the heath of the economy. The GDP was expected to grow by 2.7 percent in the second fiscal quarter of 2008, but the data revealed significantly more growth than previously...West Virginia Latest State to Sue Countrywide
Add West Virginia to the growing list of states lining up to sue Countrywide Financial Corp. over alleged predatory lending practices. State Attorney General Darrell McGraw filed suit Tuesday against the nation’s largest lender and servicer, it’s...Step Forward With Virgin Rail And the Pendolino Lengthening Project
Agreement has been reached with Virgin Rail Projects Ltd to support the Department for Transport’s plans to introduce longer ‘Pendolino’ trains on the U.K.’s West Coast Main Line.Turkey And Russia’s Broadened Cooperation May Signal the End of NABUCCO
Talks to boost energy cooperation between Turkey and its main gas supplier, Russian Gazprom, may bring an end to the NABUCCO pipeline project designed to lessen European dependence on Russian gas, observers say.U.K. Government Prepares for Possible Sale of Tote
The British Government has begun preparations for a possible sale of the Tote on the open market in the autumn, Sports Minister Gerry Sutcliffe said in a written statement to Parliament today. However he made it clear that no final decision to launch...Manufacturing Roadshow Launched in Derby, England
Manufacturing is the unsung hero of the Midlands economy, Business Minister Shriti Vadera will say today as she launches a series of regional roadshows on the future of UK manufacturing. The first regional roadshow is being held at Pride Park, Derby where...S&P: GSEs Could Strip U.S. of Top Credit Rating
A market bombshell released yesterday by Standard & Poor’s left many industry participants unsure of just what to think next, as the rating agency surprisingly suggested that the credit risks now being taken on by both Fannie Mae (FNM: 25.52,...
