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WASHINGTON ( Reuters ) - The Bush administration on Wednesday largely abandoned its plan to buy up toxic mortgage assets and said it will focus its $700 billion financial bailout fund on making direct investments in financial institutions and shoring ...
- www.iii.co.uk
NEW YORK, Nov 6 (Reuters) - Genworth Financial Inc, the U.S. life and mortgage insurer, reported a third-quarter loss on Thursday, hurt by investment losses. The company missed Wall Street expectations, and suspended its share buyback program and previously issued outlook for 2008 operating earnings. It also said it is looking at ways to bolster capital. Richmond, Virginia-based Genworth posted ...
- www.pocket-lint.co.uk
Just a week ago, the American retail chain Circuit City admitted it was going to have to shut down 155 stores and slash 17% of its 46,000 strong US workforce. Now things have gone from bad to worse and the company has filed for Chapter 11 bankruptcy ...
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