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Monthly Archives: June 2010

Ford’s Big China Recall

Posted: June 1, 2010 at 5:35 am

Ford Motor (NYSE: F) has announced that it will recall 236,642 Focus cars in China, one of the largest  in the history of the People's Republic. China is now the ...
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Europes Banks, Headed For Trouble, Represent Systemic Risk

Posted: June 1, 2010 at 5:22 am

The ECB issued its  semi-annual Financial Stability Review over the weekend. The central bank warned that "With pressure on governments to consolidate their balance sheets, disengagement from financial sector intervention ...
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Global Financial Crisis Risks Move From Credit To Politics

Posted: June 1, 2010 at 4:59 am

The causes of the global financial crisis of 2008 were caused almost entirely be flaws in the credit system based on leverage, exotic financial instruments, and a  sharp drop in ...
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BP plc (BP) Shares Plunge 13%

Posted: June 1, 2010 at 3:58 am

Shares of BP plc (NYSE: BP) fell as much as 13% in Europe, their largest drop in 18 years, on news that the company's "top kill" effort had failed and ...
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Media Digest 6/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 1, 2010 at 3:54 am

MarketWatch:   BP plc (NYSE: BP) opened down 12% after top kill failed. Reuters:   American International Group (NYSE: AIG) turned down a deal from Prudential plc to cut the price of ...
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