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Example Headline of Genre for Date
Yen hangs on to gains as equities slide
FT.com - The yen held steady on Wednesday, consolidating sharp overnight gains as equities tumbled amid concerns that problems in the US subprime mortgage market could spill over into the wider economy.
Fresh selling sweeps through global markets
FT.com - World equity markets continued to tumble as fears over the growing crisis in the US subprime mortgage market triggered fresh selling.
H&R Block increases net loss on Option One woes
Reuters - H&R Block Inc. , the nation's
largest tax preparer, on Wednesday said its decision to write
down the value of its Option One Mortgage business, which is up
for sale, increased the company's net loss in the fiscal third
quarter by $15.5 million to $60.3 million.
Oil recovers but metals under pressure
FT.com - Oil prices steadied on Wednesday after a sharp fall late in the previous session when energy prices responded to a sharp sell-off in US equity markets prompted by concerns about a severe deterioration in the subprime mortgage lending market.
Regulators accountable on subprime: Sen. Dodd
Reuters - U.S. Senate Banking Committee
Chairman Christopher Dodd said on Wednesday that regulators are
accountable for problems in the subprime mortgage sector and
that he plans to call them before the committee for
questioning.
Stocks waver as investors seek direction
AP - Wall Street bobbed in and out of positive territory Wednesday, seeking a direction a day after concerns about faltering subprime mortgage lenders sparked a broad selloff in stocks.
H&R Block 3Q loss: $60.3 million
AP - H&R Block Inc. shares dropped about 5 percent on Wednesday after the nation's largest tax preparer said it was boosting its third-quarter loss after cutting the value of a subprime mortgage subsidiary.
Mortgage concerns weigh on dollar
FT.com - The dollar fell on Wednesday as US equities continued to slide on concerns that problems in the US subprime mortgage market could spill over to the wider economy.
Wall Street's weak start adds to markets woe
FT.com - Wall Street renewed its downward slide on Wednesday, dipping below 12,000 as investor confidence continued to be hit by the crisis in the US subprime mortgage market.
Senator says regulators accountable on subprime
Reuters - U.S. Senate Banking Committee
Chairman Christopher Dodd said on Wednesday that regulators
bear some responsibility for problems in the subprime mortgage
sector, and he plans to call them before the committee for
questioning.
Oil prices volatile but base metals resilient
FT.com - Oil prices remained highly volatile Wednesday after a sharp fall late in the previous session, but base metals displayed resilience in spite of weakness across equity markets in response to concerns about the deterioration in the US subprime mortgage lending market.
Treasury yields near disinversion
FT.com - The US Treasury yield curve came close to breaking the pattern of the past seven months on Wednesday as concerns over the troubled subprime mortgage industry and falling equity markets pushed up short-dated bond prices.
Housing woes deepen in industrial heartland
Reuters - Job losses in the U.S. industrial
heartland have left states like Michigan and Ohio more
vulnerable to mortgage defaults, as home finance costs rise
amid often moribund real-estate markets.
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