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Washington Mutual Inc. has become the latest lender to resort to a massive stock sale to shore up its finances amid turmoil in the mortgage and credit markets.
The nation’s largest savings and loan also said it will close offices, lay off more than 3,000 workers, slash its dividend and set aside up to $1.6 billion […]

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H&R Block Inc., the nation’s largest tax preparer, said in a preliminary earnings report Tuesday that it expected a huge second-quarter loss as it continued to wrestle with its disintegrating mortgage arm.
The company said it was filing its quarterly report late, blaming the decision earlier this fall to change accounting firms.
But it said it expected […]

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Wall Street Steady As Investors Weigh Fed Rate Cut, Further Subprime Fallout
Wall Street appeared headed for a flat opening on Tuesday as investors awaited the Federal Reserve’s interest rate decision and absorbed more news about fallout from the mortgage and credit crisis.
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Investors are expecting policymakers this afternoon will cut rates for a third straight meeting, […]

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Banks and brokerages have been hurt during the third quarter in the fallout from the subprime mortgage crisis.Tentative Buying Helps Wall Street Pare Losses Triggered by BofA Results, Economic Worries.
Wall Street pared most of its losses Thursday as investors absorbed disappointing results from Bank of America Corp. that provided further evidence of how the credit […]

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Oracle Corp.’s bid for BEA Systems Inc. helped prop up technology stocks, and gave investors renewed hope that acquisition activity is picking up again after the uncertainty of the summer’s credit crisis. Corporate news also boosted some blue chip names: McDonald’s Corp. posted higher-than-expected sales and General Motors Corp. said sales in its Latin America, […]

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