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A key interbank lending rate fell to its lowest point on record Tuesday as credit market conditions continue to ease.
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Gazing across the craggy canyon that is the Hull-Rust-Mahoning mine in Minnesota's legendary Iron Range, it's hard to believe that our planet's most abundant element - iron - is mostly locked away in the earth's core. For here iron-bearing rock has shouldered its way to the surface in heroic quantities, and men and machines have carved out the world's largest iron-ore pit. And as it has for over a century, Range iron still forges the steel sinews of the American economy.
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Wednesday is judgment day for Chrysler and hundreds of auto dealers, when their fate could be decided in bankruptcy court, but some experts think it's already a done deal.
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House prices are taking a long ride in the wayback machine. Unfortunately, Americans' housing-related debt isn't going anywhere fast.
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The Securities and Exchange Commission on Thursday filed securities fraud charges against former Countrywide Chief Executive Angelo Mozilo and two other former executives.
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Two key proposals to improve access to health insurance could reduce the ranks of the uninsured but cost $1 trillion over 10 years, according to preliminary estimates released Monday by the Congressional Budget Office.
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Apple is hopeful that the new iPhone 3G S, which was launched Friday, will help it fend off the increasing competition in the smartphone world.
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There was undeniable drama inside the ceremonial courtroom on the ninth floor of the federal courthouse in downtown Manhattan this morning. Cheers and applause burst out when federal district judge Denny Chin sentenced Bernard Madoff to 150 years in prison for the massive Ponzi Scheme he had committed.
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Many owners of our country's bonds are worried that the federal government is spending like inebriated sailors on shore leave to try and get the nation out of this economic mess.
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