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And bank failures are likely to keep worrying the markets too. Some traders were hoping for two potentially positive events this weekend, after the worst week in the history of the New York Stock Exchange came to a close on Friday. The first was that the meeting of the G...

Author: /time Magazine | Title: US Bank Failures ... And Counting | 10/13/2008 | See Source »

The car industry, still Germany's biggest employer, is the worst hit. High gas prices in key markets such as the U.S. have slowed sales for months. Some consumers have been waiting for more fuel-efficient models, while many more are now delaying new purchases because of uncertainty over their...

Author: /time Magazine | Title: Germany's Car Industry Crashes | 10/11/2008 | See Source »

From the CEO of JP Morgan to Microsoft founder Bill Gates to the finance minister of India, Harvard Business School will be welcoming over 1,600 alums and distinguished guests to celebrate its centennial this Sunday. The HBS Global Business Summit, which will take place over three days, is the...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: HBS Event to Celebrate 100 Years | 10/10/2008 | See Source »

Kent County Council, controlled by the opposition Conservatives, tops the list of local government bodies looking to retrieve investments in Iceland: $85 million of its total budget of $4.42 billion is stuck in Icelandic accounts. Nick Chard, the council's cabinet member for finance, says he and his colleagues chose...

Author: /time Magazine | Title: Iceland: Britain's Credit Crunch Scapegoat | 10/10/2008 | See Source »

"The markets have gone completely crazy and are reacting in fear to a bad situation in a way guaranteed to make it far worse," says Marc Touati, deputy executive manager of the French economic- and finance-research group Global Equities. "We once had 'irrational exuberance' pushing markets ever higher; now...

Author: /time Magazine | Title: What Will Break the Worldwide Panic Reaction? | 10/10/2008 | See Source »

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