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"Cash for Clunkers" wins over U.S. drivers, dealers

Reuters - Yesterday, 02:28 pm

PHOENIX (Reuters) - Having driven the equivalent of six smoke-belching laps of the planet, Tony Metzler figured his ageing Chevrolet Blazer SUV would not make a good trade for a new car. More »

European stocks fall on results fears
AFP - Yesterday, 02:01 pm
LONDON (AFP) - Europe's main stock markets slipped on Friday after Tokyo closed lower and Wall Street managed only slight gains amid mounting concerns about the latest earnings season, dealers said. More »
"New GM" ready to exit bankruptcy
Reuters - Yesterday, 05:18 am
DETROIT (Reuters) - General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. More »
Recovery in Germany runs into credit headwind
Reuters - Yesterday, 01:09 am
BERLIN (Reuters) - News headlines speak of recovery but for Hannes Hesse, managing director of Germany's VDMA engineering association, financing is still a big problem. More »
German recovery hopes lift markets
Reuters - Thursday, July 9 09:34 pm
WASHINGTON (Reuters) - A drop in U.S. weekly unemployment claims and a comment that Germany may have already emerged from recession helped spur a resurgence on Thursday in stock and commodity markets, including oil prices. More »
IMF's Strauss-Kahn says more stimulus may be needed
Reuters - Thursday, July 9 08:51 pm
L'AQUILA (Reuters) - The world economy is on track for recovery early next year but more stimulus measures may be needed in certain countries to exit the crisis, IMF Managing Director Dominique Strauss-Kahn told Reuters on Thursday. More »
U.S. economic recovery close - Fed's Stern
Reuters - Thursday, July 9 07:43 pm
CHICAGO (Reuters) - A U.S. economic recovery seems "close" after a deep and prolonged recession but growth will be modest into next year, Gary Stern, president of the Minneapolis Federal Reserve Bank, said on Thursday. More »
ECB lending push may founder as toxic assets loom
Reuters - Thursday, July 9 05:51 pm
FRANKFURT/LONDON (Reuters) - A bold change of tactics in the European Central Bank's efforts to kick-start everyday lending still looks helpless in the face of the mountain of bad assets crippling banks' capital. More »
B&B senior, subordinated CDS payment triggered
Reuters - Thursday, July 9 04:14 pm
LONDON (Reuters) - A credit derivatives committee has ruled that the non-payment of interest on Tier 2 bonds by mortgage lender Bradford & Bingley will trigger payment under credit default swap contracts, the International Swaps and Derivatives Association said on Thursday. More »
Brazil official - G8 climate goals not credible
Reuters - Thursday, July 9 02:40 pm
L'AQUILA, Italy (Reuters) - Brazil's chief climate negotiator criticised the Group of Eight rich nations on Thursday for not taking more forceful steps to curb global warming, saying proposed long-term targets were meaningless. More »