Money - AOL Money & Finance

General Motors Corp. speeds toward a record-short escape from bankruptcy protection after a judge's order approving the sale of most of its assets to a new company went into effect. GM lawyers are working to close the sale as quickly as possible, after which GM would leave bankruptcy protection.
DailyFinance: Will New GM Have the Right Leadership?

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Citigroup Juggles Top Execs, Keep Pandit

posted: 1 HOUR 20 MINUTES AGO

One week before reporting second quarter earnings, Citigroup announces changes to several top management positions, which CEO Vikram Pandit describes as moves that will "further help in positioning our company for the future."

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Jobless Claims Hit New Record High

posted: 13 MINUTES AGO

filed under: Financial Crisis

Getty Images

The number of newly laid off workers filing initial claims for jobless benefits fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs. But continuing claims unexpectedly jumped to a record-high.
Also: Retail Sales Weak as Job Worries Escalate

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Market News

posted: 6 DAYS 23 HOURS AGO

filed under: Investing

Market Update

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DJIA NASDAQ S&P 500 10yr Note

1day

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Oil Wavers at $60 as Consumers Retreat

posted: 17 MINUTES AGO

filed under: Crude Oil Prices

Oil prices wavered around $60 per barrel as new consumer and employment data cast doubt over energy markets. However, crude prices rallied back to closed at $60.41, rising slightly for the first time in more than a week.

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Commercial Real Estate Woes Growing

posted: 1 HOUR 35 MINUTES AGO

filed under: Financial Crisis

Industry experts are warning that owners of shopping malls, hotels and office buildings are defaulting on their loans at an alarming rate, and the commercial real estate market is not expected to hit bottom for three more years.

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Analyst Says AIG May Have Zero Equity

posted: 3 HOURS AGO

Mark Lennihan, AP

American International Group Inc. shares fall after a Citigroup analyst says there is a high probability that the insurer's equity is zero. The analyst says more credit default swap losses and management selling off businesses at a low value jeopardizes AIG's equity position.
DailyFinance: Are AIG Shares Worthless?

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Jim Cramer Asks Who Needs the PPIP?

posted: 5 HOURS 51 MINUTES AGO

filed under: BloggingStocks, Financial Crisis

TheStreet.com

TheStreet.com's Jim Cramer says now that most banks have raised capital, maybe it'll help the FDIC dole out assets of the losers.
DailyFinance: Bond Fund Manager Passes on PIPP

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Can Fed Chief Bernanke Keep His Job?

posted: 1 HOUR 52 MINUTES AGO

filed under: Financial Crisis

Despite his handling of the economic crisis, some members of Congress are apparently uneasy about Federal Reserve Chief Ben Bernanke's ability to handle an expanded role of the Fed. Do you think he should be reappointed? Click inside to share your comments.
DailyFinance: Buffett Says Second Stimulus May Be Needed

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