IBT Staff Reporter

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Five facts about Corazon Aquino

Corazon Aquino, the Philippines' former president and heroine of the 1986 people power revolt that toppled dictator Ferdinand Marcos, has died after a 16-month battle against colon cancer. Here are five facts on Corazon Aquino.

Congress tries to extend autos clunkers plan

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

Aquino, heroine of Philippine people power, dies

The Philippines's former President Corazon Aquino, whose people power revolution swept dictator Ferdinand Marcos from power in the Philippines, died on Saturday after a 16-month battle against colon cancer, her family said. She was 76.

Daily Wrap Up - July 31- Energy

Despite of the economic crisis, major utility companies in the United States including American Electric Power Co, Dominion Resources and Constellation Energy Group, reported Friday its second quarter earnings surpassed Wall Street expectations.

IMF: Worst over for U.S. but recovery to be slow

The sharp contraction in the U.S. economy seems to be ending but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.

Victor Martinez heads RedSox from Indians (Video)

All-Star catcher Victor Martinez is coming to Boston's Red Sox from Indians, official in Major League Baseball said on Friday, which is in exchange for Justin Masto erson and two other minor leaguers.

S&P 500 sees best 5-month streak since 1938

The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.

Illinois files bias suit against Wells Fargo

Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co , accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans.

Congress tries to extend auto 'clunkers' plan

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

Congress moves to extend autos 'clunkers' plan

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

Congress moves to autos 'clunkers' plan

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

Daily Wrap Up July 31 – Finance

Three more directors have decided to leave the Bank of America board bringing the number of exits this year to 12. According to reports from the Wall street Journal, their decision to leave is not due to any disagreement with the Banking group nor its management.

Dow, S&P end up on GDP data

The Dow and the S&P ended up slightly on Friday, with data showing the economy shrank less than expected in the second quarter, lifting investor optimism. The Nasdaq ended down slightly.

The Money On The Sidelines Fallacy

It seems these days any time a pundit is cornered by facts indicating the deplorable state of the economy, the traditional fall back is ...but the tons of money on the sidelines is just waiting for a 0.003% pullback to pour back in.

U.S. Congress tries to extend autos clunkers plan

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

U.S. economy shrinks modestly

The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

U.S. economy shrinks modestly, consumption falls

The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

Microsoft Windows 7 Adoption Rate to be faster; Intel

Intel is predicting speedy adoption of the upcoming Windows 7 from Microsoft. The rapid adoption of the new operating system will spread through enterprise according to Sean Maloney, executive vice president and chief sales and marketing officer for Intel at the Intel Technology Summit.

Ford sees dramatic

Ford Motor Co has seen a sharp increase in sales over the past week since its dealers began accepting trade-ins under the U.S. government's

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