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Fishers woman accused of filing 47 false claims for tax refunds. In federal charges filed Wednesday, a Fishers woman was accused of filing false claims for tax refunds as the office manager of an H&R Block branch in Indianapolis, authorities said. ICICI plunges almost 27 percent during intra-day trading. India's largest private sector lender ICICI Bank shares suffered heavy hammering on the bourses Friday due to its overseas exposure. U.S. Planning to Buy Equity in Financial Institutions. Treasury Secretary Henry Paulson said on Friday the United States was developing plans to buy equity in financial institutions if necessary to halt market turmoil. U.S. Treasury to buy bank shares as G-7 vows action. The Treasury Department confirmed Friday evening that it will buy stakes in major U.S. banks and financial institutions, announcing the bold move as leaders of the world's top industrialized democracies agreed.. Enormous Payouts on the Horizon. The collapse of Lehman Brothers Holdings Inc may force sellers of credit-default swaps including Pacific Investment Management Co to make the biggest-ever payout in the $55 trillion market. From the outhouse... Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion credit default swaps.. Wisconsin Offers Free Classes to Help Manage Money. Hundreds of free events to help Wisconsin consumers better manage their money will be held next week. London stocks slump again to near 10.0% loss. The London stock market plunged by almost 10.0 percent again on Friday, after fresh falls on Wall Street, as investors continued to fret over the worldwide financial crisis. Brazil stocks plunge 10 percent in early trading. Brazils main stock index plummeted more than 10 percent in early trading Friday after steep declines in Asia, Europe. Other Latin America markets fell sharply as well. G7 pledges urgent, decisive action as markets reel. Finance chiefs of the world's major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world markets. European markets recover lost ground. European markets on Thursday recovered some of Wednesday's hefty losses after a relatively steady performance in Asia overnight, with British banking stocks in particular enjoying a strong rally in the wake of the government's $865 billion rescue plan.European jitters appear to have been calmed by Wednesday's simultaneous interest rate cuts from the world's key central banks, even though lending between financial institutions remains limited.'European equity markets have bounced back this morning, and in that regard there is some sense of normality returning but money markets remain frozen,' said Neil Mackinnon, chief economist at ECU Group. US has dwindling number of tools in econ crisis. What's left in Uncle Sam's economic tool kit? The commitment of $700 billion didn't impress markets here and around the world. Stocks plunge, pressure on G7 to act on crisis. Fearful selling clenched Asian markets on Friday after U.S. stocks plunged, heaping pressure on economic powers to halt a global spiral of financial distress and slowing growth. Dow Drops Over 600 Points After Bell; Then Picks Up. The Dow Jones industrial average opened with a 600-point plunge Friday, continuing its streak of negativity. FTSE 100 index endured worst week since Black Monday crash of 1987. Stock markets worldwide were gripped by fear as London's FTSE 100 Index endured its worst week since the Black Monday crash of 1987. U.S. firms up plan to buy into banks to stem crisis. The U.S. government pushed on Saturday to finish a plan to buy direct stakes in American banks as finance ministers from around the world struggled to find ways to stop the deepening financial crisis and shore.. Media stocks fall and Viacom, CBS warn profit down. Entertainment media stocks dropped Friday as Viacom Inc. and CBS Corp. slashed profit forecasts, and Sumner Redstone's theater chain announced it would sell Viacom and CBS shares to pay down debt. All that money you've lost _ where did it go?Photo: Mark Lennihan In this Tuesday, Oct. 7, 2008 file photo, artist Laura Gilbert displays her "Zero Dollar" artwork in front of the New York Stock Exchange in New York. A Teen Girl's Guide to Managing Wealth. When I handed the book to my 13-year-old daughter, Olivia, she groaned. The Primecap Edge. Dodge & Cox has been around forever -- the San Francisco firm dates to 1930. But the fund family didn't really garner notice from the average investor until earlier in this decade, when a rally in value stocks and the dot-com bust revealed that outstanding fundamental value investors like Dodge &.. |
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