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10/11/08
Fed to lend to companies in emergency move
Filed under: General, Business
Posted by: Lillian Wong @ 6:13 pm

WASHINGTON - Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.   more…

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