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Bank watchdog plans alternative to bail or bust: report

GENEVA (Reuters) – International regulators will present plans in July on how major banks can be wound down in an orderly way as an alternative to a state bailout or going bust, the Swiss central bank head was quoted as saying on Sunday. Original post: Bank watchdog plans alternative to bail …

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Bank watchdog plans alternative to bail or bust: report (Reuters)

Reuters – International regulators will present plans in July on how major banks can be wound down in an orderly way as an alternative to a state bailout or going bust, the Swiss central bank head was quoted as saying on Sunday. More here: Bank watchdog plans alternative to bail or bust: …

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Detroit Auto Show: Post GM, Chrysler Bankruptcies

The North American International Auto Show opens this week in Detroit. For Chrysler and General Motors, this is the post-bankruptcy auto show where the companies need to persuade potential customers that more than $60 billion in federal bailout money was well spent. E-Mail This Add to …

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International Aluminum files for Chapter 11

(Reuters) – International Aluminum Corp, a U.S. producer of aluminum and vinyl building products, filed for Chapter 11 bankruptcy late on Monday, hurt by a downturn in both residential and commercial construction sectors. Here is the original post: International Aluminum files for Chapter 11

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AIG works out deal to cut debt to Fed

American International Group, the insurance giant bailed out by the federal government, announced today it had completed a deal to reduce its debt to the Federal Reserve by $25 billion. View post: AIG works out deal to cut debt to Fed

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Suspect in Jupiter killings had troubled relationship with sister – MiamiHerald.com

CNN International Suspect in Jupiter killings had troubled relationship with sister MiamiHerald.com Police have expanded their manhunt for the suspect in the Thanksgiving Day killings of four. More: Suspect in Jupiter killings had troubled relationship with sister – MiamiHerald.com

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Hedge funds may get $11 billion frozen at Lehman

NEW YORK (Reuters) – Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank’s collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan. Follow this link: Hedge funds may get $11 …

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Taylor-Wharton International files for Chapter 11

(Reuters) – Taylor-Wharton International LLC said it had reached an agreement in principle with lenders to restructure its debt and had filed for a pre-arranged voluntary Chapter 11 bankruptcy to implement the restructuring. See the article here: Taylor-Wharton International files for Chapter 11

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AIG posts 2nd consecutive quarterly profit

The insurance giant bailed out by the U.S. government reports third-quarter earnings of $455 million. American International Group Inc., the insurance giant whose near-collapse last year prompted a massive federal bailout, posted its second consecutive quarterly profit Friday as certain units continued to stabilize and improved credit markets boosted the …

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Disgraced cloning researcher convicted – CNN International

BBC News Disgraced cloning researcher convicted CNN International Seoul, South Korea (CNN) — Disgraced South Korean cloning researcher Hwang Woo-suk on Monday was convicted of embezzling money and illegally buying human eggs, according to state media. Hwang, who gained fame in 2004 when he claimed to be the first …

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