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News Wrap: Credit Card Hackers Indicted for Stealing More Than $300 Million…
Just four days after it went public on the stock market, Facebook became the center of intense attention Wednesday -- both on Wall Street and in Washington -- as shares hit $32, well below the initial offering price. Jeffrey Brown,…
European markets finished at a 26-month low on Thursday, as markets plunged around the world amid mounting fears of a global economic recession. Judy Woodruff reports.
The closing bell at the New York Stock Exchange on Friday capped one of the market's wildest spells since the meltdown of 2008. In the end, the major U.S. stock indices only dropped a small percentage for the week. Judy…
Federal Reserve Chairman Ben Bernanke said the Central Bank is getting involved in the recent foreclosure mess caused by faulty paperwork. In Mexico, 10 people were killed at a rehab center in Tijuana in another bloody episode of drug violence.
Stocks were mixed on Wall Street on the retail news and signals from the Fed that it would do more to boost the economy.
According to the head of Afghanistan's new peace council, the Taliban is ready to take part in serious peace negotiations. But the council's chairman warned the process won't happen over night.
In other news Thursday, it was widely reported that White House Chief of Staff Rahm Emanuel will step down to run for mayor of Chicago. White House spokesman Robert Gibbs would not confirm the move but praised his contributions.
The Dow Jones gained more than 197 points and the Nasdaq rose 54 points at close Friday. Stock numbers shot up after news that factory orders and business spending went up in August.
According to the National Bureau of Economic Research, the U.S. recession ended in June 2009 and was the longest downturn since World War II. But President Obama and others made sure to acknowledge Americans' ongoing economic struggles.
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