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Crisis spreads; bailout focus on House (Reuters)

Date : 02 Oct 2008 Category : Business

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Reuters - Shockwaves from the global credit crisis spread on Thursday, rattling industries around the world and raising the stakes for the U.S. Congress to finish up a $700 billion bank bailout.

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GE sees fourth-quarter earnings toward low end of range (Reuters)

Goldman shares fall on fear of $2 billion fourth-quarter loss (Reuters)

Investor Sues to Block Mortgage Modifications (BusinessWeek Online)

Staples 3Q profit drops 43 percent on charges (AP)

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Bargain hunting and auto bailout hope lift stock futures (Reuters)

Staples posts higher-than-expected profit (Reuters)

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Global stocks tumble (Reuters)

HK index tumbles 5 percent on US losses (AP)

Goldman faces $2 billion loss: report (Reuters)

Boeing engineers approve work contract (Reuters)

JPMorgan to cut 9,200 Washington Mutual jobs (Reuters)

Bernanke says Fed has options as rates near zero (Reuters)

U.S. working on new lending programs: Paulson (Reuters)