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Chile leader announces $4 billion anti-crisis plan - 01/05/2009

President Michelle Bachelet on Monday announced a $4 billion plan to help Chile fight the global economic crisis and create as many as 100,000 jobs. The plan, which contains some measures that must be approved by Congress, includes $700 million for public works projects such as street paving and the repair of public schools and clinic

Congressmen sound off against SEC in Madoff affair - 01/05/2009

Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H. David Kotz said he is so concerned about the SEC's failure to uncover Madoff's alleged Ponzi scheme that the

Toyota to suspend production for 11 days in Japan - 01/05/2009

Toyota Motor Corp. said Tuesday it will suspend production at all of its Japanese plants for a total of 11 days in February and March because of faltering global demand. Japan's top automaker announced last year it would halt production at its 12 domestic plants for three days in January. But the company said Tuesday that w

Prosecutor wants Madoff jailed without bail - 01/05/2009

A prosecutor on Monday asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewelry, cufflinks and mittens worth more than $1 million to relatives and friends. "The defendant's recent actions amount to obstruction of justice," Assistant U.S

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