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Bailouts. the mafia has now become the country s largest lender. back here at home, it was a good year for the federal reserve. thanks to its investments, the fed paid $77 billion to the government in 2011. the second highest amount ever. and in an effort to stay afloat, east man kodak is hoping patent suits against apple and htc corporations will help speed its turnaround. several of the nation s biggest banks are reportedly under investigation over whether they overcharged customers strugging to pay home insurance. the occupy wall street movement has left its mark on 2011 in more than one way. occupiers were named its word of the year. kobe throws them up, the wizards finally win and a big college hoops upset. plus pittsburgh s mayor experiences firsthand the agony ....
Ended first quarter of the peek of the financial crisis in 2008. today alone down 240. nasdaq down a stunning 65. the s&p was down 2. a steep slide closing out the fifth month european debt crisis and fear of greece defaulting have kept investors on edge about the economy around the world kodak shares today on a tail spin on spears that east man kodak is running out of cash and may go away. at one point the new york stock exchange temporarily halted trading because its price was falling so quickly. by the end of the day kodak had fallen to 78 cents. the lowest value since the great depression and less than half what it was worth at the start of the trading day. the company issued a statement late this afternoon that it had no intention to file for bankruptcy. student for news. stay tuned for news. we are learning more about the ....
Seven. a small drop in stocks wasn t what worried wall street analysts monday. it was how many uncertain traders remained on the sidelines. worldwide political and economic stily,spiay jan s nuclear problems, kept traders cautious and volume at its lowest level of the year. stocks were actually up most of the day driven by telecoms and mostly positive economic data. brokerage upgrades led at&t higher almost 2%, and verizon up over one. consumer spending rose at the fastest pace in four months in february. however, inflation accelerated at its fastist pace since june, 2009. more americans signed contracts to buy homes than expected in february. still levels remained below healthy. a forecast warning for marriott and a downgrade on its shares sent the hotel operator tumbling 6%. east man kodak jumped on hopes that it could win hundreds of millions in royalties in a patent dispute with apple. ....