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Obama blasts 'shameful' Wall Street bonuses
US President Barack Obama rebuked Wall Street bankers who raked in billions in bonuses in 2008, saying their actions had been "shameful" and "irresponsible" at a time when taxpayers were bailing out the industry.
USA
House approves massive economic stimulus bill
A sharply divided US House of Representatives approved an $819 billion economic stimulus plan by 244 votes to 188, handing President Barack Obama his first major legislative victory. But the bill was passed without a single Republican vote.
AUTO INDUSTRY - USA
Carmakers scramble as White House vows rescue
Following the Senate's failure to pass a rescue plan, the White House says it may tap into a financial bailout fund. But the Big Three's woes continue, with GM declaring it will idle 30 percent of its North American production.
MARKETS
Wall Street closes up on hopes of White House auto rescue
Despite a turbulent day on world markets due to uncertainty over the future of the US auto industry, Wall Street closed higher as the White House vowed to come to Detroit's rescue following the Senate's rejection of a bailout plan.
MARKETS
Markets tumble as US auto industry is left stranded
Markets tumbled in Asia, Europe and the United States after the rejection of an auto industry rescue plan by the US Senate capped a week of dreary news for the world economy.
MARKETS
Asian stocks plunge, dollar drops
Following the US Senate's failure to pass an auto industry bailout bill, Asian stocks nosedived, dragging the dollar to a 13-year low against the Japanese yen.
USA
Carmakers' bailout stalls at US Senate
Amid frantic negotiations to try to secure Republican backing for a multi-billion dollar bailout for automakers, US Senate Majority Leader Harry Reid announced that the Senate had failed to reach a compromise deal.
USA - CAR INDUSTRY
GM hires lawyers to consider bankcruptcy
Embattled US auto giant General Motors has hired legal advisers to consider "all options", including filing for bankruptcy, as the US Senate debates an emergency bailout package for the US auto industry.
USA - CAR INDUSTRY
Carmakers' bailout faces tough Senate challenge
The bailout for US car manufacturers faces a tough challenge in the Senate after the House of Representatives approved a 14-billion-dollar rescue plan. Strong Republican opposition threatens to derail the legislation.
USA - CAR INDUSTRY
House approves bailout plan for carmakers
The US House of Representatives has approved a 14-billion-dollar rescue plan for the "Big Three" US car manufacturers. The measure now moves to the US Senate, where it is expected to face stiffer Republican opposition.
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