Finance counsels

The Group of 20 nations is prepared to act “urgently'' to bolster growth and called on governments to cut interest rates and raise spending as the world's leading industrialized economies battle the threat of a recession.
“We stand ready to urgently take forward work and actions agreed by our leaders to restore and maintain […]

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U.K. Chancellor of the Exchequer Alistair Darling will say this week that the economic crisis will be deeper and longer-lasting that the government first predicted, the Sunday Times reported.
The government hasn't lost control of the public finances, although the crisis has hurt its revenues, Darling will say in a speech at the annual […]

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Solyndra Inc., a maker of photovoltaic systems designed to optimize solar electricity production on commercial rooftops, said Thursday it signed a new long-term sales contract with solar integrator GeckoLogic GmbH for about $250 million.
Fremont-based Solyndra said the contract with Wetzlar, Germany-based GeckoLogic extends through 2012 and is part of Solyndra’s previously-announced total contractual backlog of […]

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The Federal Reserve widened the collateral it accepts for loans to securities firms to include stocks in an effort to help Wall Street weather Lehman Brothers Holdings Inc.'s plans for bankruptcy.
The Fed also yesterday boosted its program for lending Treasuries to bond dealers by $25 billion, bringing it to $200 billion. At the […]

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Sales of single-family homes on Oahu plunged 33 percent last month, while the median price dipped only slightly.
There were 255 homes sold on Oahu in August, and while it was the highest number this year since April, it was a 33 percent drop from the 381 homes sold in August 2007, according to the Honolulu […]

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Southwest Airlines Co. said Tuesday it will be cutting 190 flights from its winter schedule, beginning in January, to ensure the carrier is optimizing its flight routes and streamlining expenses.
A spokeswoman for Dallas-based Southwest (LUV) says the changes are part of a routine schedule check that's completed every few months to ensure the […]

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Fannie Mae and Freddie Mac shares reached the lowest levels in almost two decades Monday after a Barron’s report said it is increasingly likely the government will have to bail out the mortgage giants.
“It may be curtains soon for the management and shareholders of beleaguered housing giants Fannie Mae and Freddie Mac,” wrote Barron’s Jonathan […]

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Shoppers can now pick up Ticketmaster tickets at malls through a partnership with Simon Property Group Inc.
Ticketmaster will have retail outlets at the guest services booths in Simon malls across the country, including Ontario Mills, The Block at Orange, Del Amo Fashion Center, Westminster Mall, Brea Mall, Laguna Hills Mall and The Shops […]

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Fujifilm Sericol USA Inc. is increasing prices on its products because of higher prices for crude oil.
In a release Wednesday, the North Kansas City-based company said it will increase prices 5 percent to 15 percent for screen and flexographic inks used for printing on clothing, ads and packaging product labels beginning Aug. 1. […]

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Bank of Canada Governor Mark Carney said policy makers won't be “complacent'' as inflation in the country accelerates, even if it means surprising investors as they did with last week's rate decision.
The cost of goods such as gold and wheat rose 10 percent between the bank's April forecast and its latest rate decision […]

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