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Top banks cut small business lending by $8 billion
President Obama is trying -- again -- to help small business get the cash they desperately need.The President will visit a small business in Maryland on Wednesday to present a series of initiatives aimed at increasing bank lending to small businesses...
Students Rely on Federal Loans to Pay Rising Tuition
According to reports issued Tuesday by the College Board, the volume of private student loans -- those not made or guaranteed by the government -- fell by 52% in the 2008-09 school year as recession-battered lenders tightened credit standards or aban...
Galleon staff eye exits, investors debate
Dozens of employees at Galleon Group are hunting for new jobs as investors debate how to react after the hedge fund's founder was arrested and charged with running one of the biggest insider trading schemes.For years, Galleon prided itself on hiring ...
Sun Microsystems to Cut 3,000 Jobs
Sun Microsystems Inc. said it plans to lay off about 3,000 employees, or about 10% of its work force, because of delays in the closing of its purchase by Oracle Corp.The hardware and software maker has been reducing its work force over the years beca...
Bartz Makes Headway Getting Yahoo on Track
The Sunnyvale, Calif., company's third-quarter profit surged, helped by Ms. Bartz's cost-cutting and an investment gain. Revenue fell 12% to $1.58 billion from a year ago, but executives indicated that spending on Internet ads was stabilizing, partic...
Stocks slide, but Dow holds 10,000
Stocks dipped Tuesday as a stronger dollar and some disappointment about DuPont and Coca-Cola's results gave investors a reason to retreat from the recent rally.A weaker-than-expected housing market report added to the downward pressure.The Dow Jones...
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Posted: June 8th, 2009 | Report This Comment