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Thursday October 16th 2008

CNNMoney.com | International News

Preview
Foreign investors hit the road
Foreign investors are still showing a voracious appetite for U.S. Treasury bonds...but they're selling everything else the United States has to offer.
Oil down 52% from peak
The price of oil fell Thursday, shedding more than half its value since the summer's highs, after a government supply report signaled weak demand for petroleum products.
Europe to U.S.: Rescue?
First you mess up the world's financial system. Then you blow the rescue of it. Now let's show you how to do it properly.
Dollar gains as economy stumbles
The dollar gained slightly against the 15-nation euro Thursday as finance and manufacturing sectors continued to slow, despite government efforts to reinforce the economy.
Swiss back UBS with $54 billion
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CNNMoney.com | Economic news

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AIG cuts perks, borrows $12B
American International Group, which tapped another $12 billion in emergency government funding in the past week, agreed Thursday to curb millions of dollars of spending on junkets, perks and executive compensation.
Social Security benefits to rise
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Mall's demise could doom community
With thousands of stores closing in the economic downturn, the increase in empty space at the nation's shopping malls is leaving a hole in the hearts of once-vibrant communities.
Factories: Drop worst in 34 years
Production at the nation's factories fell into a virtual tailspin in September, declining by the largest amount in nearly 34 years, according to a report released by the Federal Reserve on Thursday.
Ex-SEC Chairman: We're to blame
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