WASHINGTON, Nov. 19, 2009 (Reuters) — U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. ... > full story
SAN FRANCISCO, Nov. 19, 2009 (Reuters) — Wal-Mart Stores Inc , which has already cut prices on everything from toys to turkeys to TVs to win holiday shoppers, is now reducing the price it charges for money transfers. ... > full story
NEW YORK, Nov. 19, 2009 (Reuters) — Fidelity Investments has launched a service to help retail brokers determine how profitable it would be for them to leave their brokerage house and hang out their own shingle. ... > full story
NEW YORK, Nov. 19, 2009 (Reuters) — CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year. ... > full story
WASHINGTON, Nov. 19, 2009 (Reuters) — The U.S. dollar will remain the world's primary reserve currency for many years or decades, an International Monetary Fund official said on Thursday. ... > full story
WASHINGTON, Nov. 19, 2009 (Reuters) — A gauge of the U.S. economy's prospects rose for a seventh straight month in October to a two-year high, a private research group said on Thursday, indicating the recovery was becoming entrenched. ... > full story
NEW YORK, Nov. 19, 2009 (Reuters) — U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on Thursday. ... > full story
NEW YORK, Nov. 19, 2009 (Reuters) — Bond-fund manager Bill Gross on Thursday said that investors should disabuse themselves of the notion that interest rates are going to be lifted any time soon, even though assets such as gold have streaked to new records. ... > full story
NEW YORK, Nov. 19, 2009 (Reuters) — Williams-Sonoma Inc posted a higher-than-expected quarterly profit and raised its full-year outlook on Thursday as the home-goods retailer's cost-cutting and merchandising efforts bore fruit. ... > full story
Nov. 19, 2009 (Reuters) — BofA Merrill Lynch lowered its 2010 growth forecast for global semiconductor industry and downgraded ten chipmakers, including Intel Corp , turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories. ... > full story
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