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Wednesday, November 25, 2009

Video: FDIC Insurance Fund In the Red

The FDIC's insurance fund posted a loss of $8.2 billion in 3Q of 2009. The agency added 136 insured banks to its list of "problem" banks.

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Video: Haliburton Profits Will Be Nicked by Pemex Production Cuts

Haliburton (HAL) shares are getting pinched today after the Number 2 oilfield services company said production cuts from Petroleos Mexicanos will shave two cents off of fourth quarter earnings. Pemex, Mexicos state-owned oil company, has seen production fall as its reserves decline.

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Video: Toyota Recalls 3.8 Million Vehicles

Toyota Motor Corporation (TM) said Wednesday needs to recall 3.8 million vehicles to replace faulty floor pedals. Drivers reported sudden acceleration and the possibility of the gas pedal getting stuck in the down position.

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Video: Buzzy "Real Time" Startup Hot Potato Launches

Do Twitter and Facebook users need yet another messaging service? Yes, says a small New York company with lots of money, big-name backers and expectations.

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Video: AIG CEO Signs Non-Compete Contract

The CEO of AIG has reportedly signed a non-compete contract, which could be a sign that he plans to stay put at the struggling insurer. The Wall Street Journal reported today that AIG chairman Harvey Golub told the newspaper that CEO Robert Benmosche is committed to leading the company until the job is done.

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Tuesday, November 24, 2009

Video: Barnes & Noble, Borders Post Earnings

Two top bookstore chains posted earnings today, and neither reported a happy ending to the quarter. Barnes & Noble said it lost $24 million in its fiscal second quarter, totaling 43 cents per share, as compared to a narrower loss of $16 million, or 34 cents per share.

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Video: Ohio Files Suit Against Credit Agencies

The attorney general of Ohio filed a lawsuit against Standard and Poor's, Moody's Corp. and Fitch Inc. The AG alleges that the agencies inflated ratings on risky mortgage-backed securities.

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