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Latest Category News| New York State sues UBS, alleges auction-rate fraud
(Reuters)
- Reuters - New York Attorney General Andrew Cuomo
filed a civil lawsuit on Thursday against UBS AG ,
accusing the Swiss bank of deceptively steering customers into
auction-rate securities that this year became impossible to
sell amid the credit crunch.
Thu, 24 Jul 2008 17:50:24 GMT
| | Microsoft to expand Facebook ad pact: source
(Reuters)
- Reuters - Microsoft Corp will
announce plans to expand its relationship with online social
network Facebook to provide web search and search advertising,
a source familiar with the matter said on Thursday.
Thu, 24 Jul 2008 17:28:35 GMT
| | CFTC charges Optiver with oil-market manipulation
(Reuters)
- Reuters - The Commodity Futures Trading
Commission on Thursday charged global trading fund Optiver
Holding BV with manipulating the NYMEX oil market in March
2007.
Thu, 24 Jul 2008 16:29:11 GMT
| | Ford posts $8.7 billion loss on truck slump
(Reuters)
- Reuters - Ford Motor Co posted a record
$8.7 billion quarterly loss on Thursday as it wrote down the
value of slumping truck and SUV operations and revamped plans
in a bid to break its reliance on the gas-guzzlers that have
been its franchise vehicles for a decade.
Thu, 24 Jul 2008 15:38:37 GMT
| | New layoff filings jump as companies retrench
(AP)
- AP - The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy and fallout from a collapsed housing market.
Thu, 24 Jul 2008 15:07:38 GMT
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