Archive for April, 2009

After struggle, Chrysler succumbs to bankruptcy (AP)

The first sound of the gavel in Chrysler’s bankruptcy case might as well be the bang of a starter’s pistol. The nation’s third-largest automaker filed for Chapter 11 bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner, more nimble company.
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Euro, British Pound Diverge Against US Dollar as Prices Test Key Levels (Euro Open) (Daily FX)

The Euro gained while the British Pound slipped lower against the US Dollar in overnight trading as the greenback tested the boundaries of its 9-month up trend while global equity markets hoped to break the downward trajectory that has characterized prices since October 2008.
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FXbootcamp London Outlook 05/01/2009 (Daily FX)

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Gleaning Insight From a Legend (RealMoney by TheStreet.com)

Khan Brothers was not highly active in first-quarter 2009, but its purchases are worth examining.
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More schools close, swine flu cases pass 100 (AP)

Hundreds of schools scattered around the country closed as the nation’s swine flu caseload passed 100 Thursday, and U.S. authorities said they eventually could produce enough vaccine for everyone if necessary — but that shots couldn’t begin until fall at the earliest.
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