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Wall Street Ends Week Strong

ABC News’ Jessica Golden and Jerika Richardson report: It was a busy morning on the trading floor as investors digested the results of the bank stress tests and the jobs report. The latest jobs report gave a mixed picture of...

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May 8, 2009 in Money Beat | Permalink | User Comments (0)

Oprah Offers KFC Coupon, Internet Abuzz

ABC News' Russell Goldman reports: Oprah Winfrey, whose endorsements have turned little-known books into best sellers and helped a little-known senator become the president, is putting her seal of approval on KFC’s newest menu item – grilled chicken. A coupon...

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May 6, 2009 in Money Beat | Permalink | User Comments (92)

Just How Much Bailout Money Is Left?

ABC News’ Charles Herman reports: Congress provided $700 billion to the Treasury to stabilize the financial system through the Emergency Economic Stabilization Act. As of March 27, the Treasury had announced programs with a maximum total funding of $667.4 billion...

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April 1, 2009 in Money Beat | Permalink | User Comments (4)

GM Boss Wagoner to Resign, Source Says

ABC News' Jake Tapper, Zunaira Zaki and Charles Herman report: A White House official tells ABC News that the Obama administration asked GM chairman and CEO Rick Wagoner to step down, and Wagoner agreed to do so. GM had no...

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March 29, 2009 in Money Beat | Permalink | User Comments (49)

Liddy: AIG Name 'So Thoroughly Disgraced' It'll Have to Change

ABC News’ Alice Gomstyn reports: The government bailout of AIG is of historic proportions, but will the name AIG become history too? According to the embattled insurance giant’s CEO, the answer is yes. Late into Wednesday’s House Financial Services hearing...

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March 19, 2009 in Money Beat | Permalink | User Comments (32)

O'Neill's Prescription for the Financial System

As banks continue to undergo the stress tests announced last month by the Obama administration, former Treasury Secretary Paul O’Neill is advocating his own prescription for the financial system. O’Neill laid out his proposal to ABCNews.com. I believe there is...

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March 17, 2009 in Money Beat | Permalink | User Comments (10)

Former AIG CEO Greenberg Defends Reputation

ABC News’ Alice Gomstyn reports: Former AIG chief executive Hank Greenberg is defending himself against criticism that his creation of AIG’s Financial Products unit was what ultimately led to the company’s spectacular decline. “I’ve been out of the company for...

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March 16, 2009 in Money Beat | Permalink | User Comments (21)

Betting on Geithner’s Future

ABC News’ Charles Herman reports: Complaints about the administration’s response to the worsening economic situation have zeroed in on the Treasury Department and Secretary Timothy Geithner. Despite all that his overworked department has accomplished in the first 50 days of...

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March 10, 2009 in Money Beat | Permalink | User Comments (44)

Govt. Free Credit Reports Hit YouTube

ABC News’ Andrew Springer reports: How much did you pay for your last “free” credit report? Guitar in hand, surrounded by friends, one young man in a new video isn't lamenting his poor credit history but how much he had...

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March 10, 2009 in Money Beat | Permalink | User Comments (2)

AIG: The Mother of All Bailouts

ABC News’ Betsy Stark reports: Before this is over, AIG may earn the dubious distinction of being the mother of all bailouts. The U.S. taxpayer was on the hook for $150 billion before today's $30 billion lifeline from the Troubled...

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March 2, 2009 in Money Beat | Permalink | User Comments (30)