Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 U.S. households during the holiday season.
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Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 U.S. households during the holiday season.
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Citigroup shares got a very short-lived bump early Thursday on news Saudi Prince Alwaleed plans to up his stake in the beleaguered bank to 5% from 4% currently.But the pre-market bounce dissipated even before the 9:30 a.m. ET open of regular trading and C
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In this year's deteriorating economy, stores from luxury retailers to consumer electronics chains, pressed the panic button — slashing prices up to 60 percent on even new merchandise.After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers are offering even bigger cuts and promotions for Black Friday.

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About 677,300 IKEA and Green Mountain Vista window blinds and shades were recalled in the United States on Thursday after a young child was strangled.
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Senate Majority Leader Harry Reid has strong words for Big Three auto industry executives Thursday after he asked them to present plans detailing how the firms could be viable in the future. (MSNBC)A look at the political reasoning behind the decision by Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi to give the Big Three auto makers another shot at a billion loan.

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Senate Majority Leader Harry Reid has strong words for the brass of the auto industries 'Big 3' Thursday after Congress asked the automakers to present a plan defining how the use of bailout funds would help rebuild the industry. (MSNBC)Democratic leaders in Congress decided to delay a vote to bail out automakers until December and will first demand the Big Three show how the funds would transform the industry.

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Volkswagen Group of America Chief Executive Stefan Jacoby says the Jetta TDI, which the government estimates gets 41 miles per gallon (5.7 liters per 100 kilometers), offers comfort and fuel efficiency.Green Car Journal has named Volkswagen’s 2009 Jetta TDI as the “Green Car of the Year,” making it the first clean-diesel car to win the award.

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The Mini E electric car is shown at the Los Angeles auto show. The car will be powered by a 150 kW (204 hp) electric motor fed by a high-performance rechargeable lithium-ion battery.Mini unveiled an all-electric car for lease on a limited basis Tuesday at the Los Angeles Auto Show, as the small-car company tests the waters in the electric vehicle market.

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Carlos Ghosn, chief executive of Nissan, foresees a big push by automakers to bring pure-electric vehicles to market.Carlos Ghosn, chief executive of Nissan Renault SA and Nissan Motor Co., said Wednesday he foresees a big push by automakers to bring pure-electric vehicles to market.

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Moms Gilda McHenry, of Downingtown, Pa., left, and Tonia Welling, of Bentonville, Ark., are shown how McDonald's fries are made by plant manager Horst Ellendt during a tour of supplier Lamb Weston's factory in Hermiston, Ore. The visit was part of the McDonald's Moms' Quality Correspondents program.McDonald’s has recruited mothers to go behind the scenes of the company’s operations, meet senior executives and then communicate what they see via the Web in a bid to brighten its image.

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What do you know about the week in business? Take msnbc.com’s weekly quiz and see how much you remember.

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A restoration of confidence could lead to more bargain hunters getting back in the market. Very low stock valuations encourage those with cash and the courage to stomach volatility to search for good buys.Economists, money managers and traders who watch the markets closely say you can’t assume previous bear market measures mean much.

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Analysts said the worries about the automakers are only one of many concerns for the market and the uncertainty about the overall economy was battering stocks.Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years as financial and energy stocks tumbled.

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Commercial banks and investment firms reduced borrowing from the Federal Reserve’s emergency lending program over the past week, although demand for the loans was still elevated.
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