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The NYSE is temporarily suspending the rule that would force companies to be delisted when their share price fall below 1$. The exchange said it would also keep... Read »

The FDIC has issued cease-and-desist orders against two Minnesota banks, Horizon Bank of Pine City and Paragon Bank of Wells, for operating with inadequate capital... Read »

General Electric (GE) Finally Cuts the Dividend

In a move that has been speculated about for quite some time, General Electric (GE) finally cut their dividend by 21 cents. CNBC’s brought the breaking news: “…... Read »

The court-appointed receiver overseeing the financial empire of Texas billionaire Allen Stanford has located $90 million in assets so far, FBI Special Agent Vanessa... Read »

Speaking at the Wharton Crisis and Opportunity conference in Philadelphia, billionaire investor Wilbur Ross said that an uncontrolled bankruptcy of GM would be a... Read »

Robert Reich writes in his blog: Republican Laughs. In his CPAC speech this week, Senate Minority Leader Mitch McConnell insisted that conservatives are more “interesting”... Read »

CNBC reports: General Electric (GE) to cut quarterly dividend to $0.10 from $0.31. The cut will save GE $9 billion per year. GE $8.65 -0.45.  Read More →

The Obama administration is looking for ways to assist struggling auto-parts suppliers, possibly through a lending facility to centralize aid to hundreds of companies.  Read More →

The business barometer for the Chicago Purchasing Managers Index rose to 34.2 in February from a 33.3 reading in January, below the 6-month average of 38. Economists... Read »

Consumer sentiment dropped in February, according to Reuters/University of Michigan final index. The sentiment index showed consumer sentiment fell for the first... Read »

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