GMAC headed for $5 billion loss

GMAC, the troubled finance company that last week scored a third government bailout, said Tuesday it expects to post a record fourth-quarter loss of $5 billion.

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GMAC headed for $5 billion loss

Paul Volcker is engaged!

News from the Paul Volcker front: No, he has not persuaded the Obama administration to toughen up its policies about the proprietary trading of the big U.S. banks, a move he’s been vigorously campaigning for in his job as chairman of the Economic Recovery Advisory Board.

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Paul Volcker is engaged!

Forget China, Brazil’s a cheaper investment

Brazil has a lot of reasons to celebrate these days. It recently won the competition to host the 2016 Olympics in Rio de Janeiro, as well as the 2014 World Cup

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Forget China, Brazil’s a cheaper investment

Wall Street plays new game of risk

Hey there risk. Welcome back. What’s shaking

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Wall Street plays new game of risk

IRS to rich tax cheats: Be afraid. Be very afraid.

The Internal Revenue Service detailed plans on Monday to weed out wealthy, international tax cheats with renewed urgency.

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IRS to rich tax cheats: Be afraid. Be very afraid.

No more Happy Meals in Iceland

For Icelanders seeking a Big Mac, it’s going to take a whopper of an effort.

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No more Happy Meals in Iceland

Consumers: Current economy at 26-year low

A key measure of consumer confidence continued to slip in October, with consumers’ gauge of the current economic situation falling to a 26-year low, a research group said Tuesday.

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Consumers: Current economy at 26-year low

House to take on ‘too big to fail’

One year after risky practices by the nation’s biggest banks almost brought down the economy, many of those institutions are even bigger — and some say even riskier.

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House to take on ‘too big to fail’

Stocks look to rebound

U.S. investors could take stocks slightly higher at Tuesday’s open as they await some economic reports and respond to two straight losing sessions.

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Stocks look to rebound

The best time to invest in a 401(k)? Now

Question: I’m 47 years old and would like to begin participating in my company’s 401(k) plan. But I don’t know if this is the right time to do so. Do you think I should start now or wait until the economy gets better?

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The best time to invest in a 401(k)? Now

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