Bank of America, Wells close mergers as banking transforms: Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic times ahead.
Survey: Recession will worsen in the months ahead: The recession will worsen and unemployment rates will likely soar in nine Midwest and Plains states over the next few months, but a new survey of business leaders suggests the region may fare better than the nation as a whole.
Chrysler Gets Initial $4 Billion Loan From Treasury : Chrysler LLC, burning through cash as sales slide, received $4 billion in an initial loan from the U.S. Treasury to help stave off a collapse that could worsen a recession.
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