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President Barack Obama signed a bill Friday morning that breathes new life into the popular Cash for Clunkers program.
"Now, more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost," President Obama said in a statement.
The move extends the Cash […]

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The value of American farm real estate declined for the first time in more than two decades, delivering another dose of bad news to some rural economies already struggling with falling commodity prices and job losses.
The U.S. Department of Agriculture reported values of farm real estate — which includes the value of all […]

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Maurice "Hank" Greenberg, former chief executive of American International Group, has agreed to pay $15 million to settle charges related to an accounting scandal, the Securities and Exchange Commission said Thursday.
A complaint filed by the SEC said Greenberg and former chief financial officer Howard Smith were involved in "numerous improper accounting transactions" that inflated […]

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While the Cash for Clunkers program is being hailed as a success, having apparently burned much or all its of its billion dollar budget in a matter of days, some analysts doubt the program will amount to much in the long run.
Even with more funding, the resulting boost in auto sales will amount to […]

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Ruth Madoff, wife of imprisoned Ponzi schemer Bernard Madoff, was sued Wednesday by a court-appointed trustee seeking $45 million in funds to compensate victims.
Last month, federal authorities seized the Madoffs’ assets but left Ruth Madoff with $2.5 million — an amount they could not tie to her husband’s massive and long-running Ponzi scheme.
But Irving […]

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Stocks trimmed losses by the close Wednesday, but remained in the red after a weak durable goods orders report added to worries about the economy and investors soured on Yahoo’s partnership with Microsoft.
The Dow Jones industrial average (INDU) lost 26 points, or 0.3%. The S&P 500 (SPX) index fell 4 points, or 0.5%. The […]

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