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The sub-prime loss is all set to plunge the US economy to its worst ever crisis. In a latest review conducted by the ratings agency, Moody, the Wall Street banks have suffered a combined loss of about $110 billion on bonds backed by high-risk...
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AP, Baltimore
The NAACP board of directors has chosen Ben Jealous, a former news executive and lifelong activist, as the organization’s next president and the youngest in its...
made popular 13 min ago
AP, New York
After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.
made popular 15 min ago
AP, Washington
Russia’s new president has promised the kind of democratic change that Washington advocated during predecessor Vladimir Putin’s tenure. At the same time,...
made popular 25 min ago
AP, New York
An out-of-control van jumped a curb and barreled into bystanders near the entrance to a crowded subway station Friday, killing the driver and hurting seven people,...
made popular 37 min ago
AP, Los Angeles
Three Mexican men held dozens of illegal immigrants in a squalid “drop house” in South Los Angeles, where one woman was raped and others say they were...
made popular 1 hr. ago
AP, Raleigh
An ailing 81-year-old North Carolina man who escaped from a Maryland prison 43 years ago was taken into custody Friday to face extradition, a move his attorneys decried...
made popular 1 hr. ago
AP, New York
An out-of-control van jumped a curb and barreled into bystanders near the entrance to a crowded subway station Friday, killing the driver and hurting seven people,...
made popular 1 hr. ago
AP, Los Angeles
Three Mexican men held dozens of illegal immigrants in a squalid “drop house” in South Los Angeles, where one woman was raped and others say they were...
made popular 1 hr. ago
AP, Angels Camp
A carnival ride spinning with people collapsed at a county fair Friday night, injuring all 24 people aboard.
made popular 2 hr. ago
I am making a big assumption here – that President George Bush is capable of feeling any sense of embarrassment.
For the second time in five months, the Saudis have...
made popular 3 hr. ago
AP, Detroit
A bitter 80-day United Auto Workers strike against an auto parts maker that has crippled dozens of General Motors Corp. factories could be coming to an end soon with a...
made popular 3 hr. ago
AP, Cleveland
The Ohio Lottery says a winning Mega Millions ticket has been sold in Ohio.
made popular 3 hr. ago
AP, San Francisco
Hours before the California Supreme Court issued its decision on gay marriage, Mayor Gavin Newsom heard rumblings that the justices would uphold the state’s ban.
made popular 4 hr. ago
AP, Angels Camp
A carnival ride spinning with people collapsed at a county fair Friday night, injuring at least 17, including three seriously, an emergency official said.
made popular 4 hr. ago
AP, Jefferson City
Missouri lawmakers gave final approval Friday to a bill that adds new restrictions and requirements for illegal immigrants, the cities in which they live and the...
made popular 5 hr. ago
AP, Trenton
Police found three decomposing bodies with multiple stab wounds inside a northern New Jersey home Friday night, a prosecutor said.
made popular 5 hr. ago
AP, Angels Camp
Emergency officials say a carnival ride has collapsed at a fairgrounds, injuring three people severely.
made popular 5 hr. ago
AP, Cleveland
The federal government isn’t used to being snubbed when it offers to help local governments.
made popular 6 hr. ago
AP, Fresno
A biochemist was sentenced to life in prison without the possibility of parole Friday for killing her estranged husband by knocking him out and stuffing him into a vat...
made popular 6 hr. ago
AP, San Diego
A New York financier has been sentenced in San Diego to more than eight years in federal prison for laundering bribes for former Congressman Randy “Duke”...
made popular 6 hr. ago
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AP, Armonk
MBIA is posting a large first-quarter loss, as the struggling bond insurer took heavy charges to write down the value of certain liabilities amid continued...
made popular May 12 2008
AP, New York
MBIA Inc. plans to book more than $4 billion in losses, slash its dividend and sell $1 billion in bonds as part of a strategy unveiled Wednesday to shelter the bond...
made popular Jan 9 2008
AP, New York
The credit crisis spread to the nation’s largest bond insurer Thursday, sending shares of MBIA Inc. plunging and calling into question the safety of tens of...
made popular Dec 20 2007
AP, Armonk
Bond insurer MBIA Inc. said Monday it will receive a cash infusion of up to $1 billion from private equity firm Warburg Pincus to help bolster its capital reserves as...
made popular Dec 10 2007
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