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JPMorgan faces 3 rd quarter loss after it takes over WaMu - Business World

By germanifa01 - September 28th, 2008, 11:09, Category: General

NEW YORK/SEATTLE — JPMorgan Chase & Co. capped off its purchase of Washington Mutual Inc. on Friday by selling $10 billion of stock, more than it expected, while analysts warned the company faces a third-quarter loss. The $1.9 billion acquisition of WaMu makes JPMorgan the second-largest US bank

Congress expected to pass financial bailout package - Detroit Free Press
WASHINGTON -- Key lawmakers who struck a post-midnight deal on a $700-billion bailout for the financial industry predicted today it would pass Congress, putting in place the largest government intervention in markets since the Great Depression. Negotiators sought to iron out the final shape of the

‘Eagle Eye’ soars to No. 1 at box office - MSNBC
Shia LaBeouf, left, and Michelle Monaghan star as two unsuspecting Americans drawn into a mysterious conspiracy in the race-against-time thriller "Eagle Eye."     How Paul Newman would like to be remembered Sept. 27: The actor explains how he would like to be remembered and how he achieved so much

Somali pirates want $20M ship ransom; crewman dies - Seattle Post Intelligencer
In this picture released by U.S. Navy, Sunday, Sept. 28, 2008, Somali pirates in small boats are seen alongside the hijacked "Faina". The captain of a hijacked Ukrainian ship off the coast of Somalia says one crew member has died and he can see a U.S. ship about a mile from his freighter. Viktor

Financial Bailout Deal Reached in Washington - Time
(WASHINGTON) — Congressional leaders and the Bush administration have reached a tentative deal on a bailout of imperiled financial markets that could cost taxpayers hundreds of billions of dollars. The House could vote on it Sunday and the Senate on Monday. House Speaker Nancy Pelosi announced the