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Example Headline of Genre for Date
EADS says protecting cash is priority amid crisis
AP - EADS chief Louis Gallois said Tuesday that his priority during the financial crisis is protecting cash reserves, but that the aerospace and defense group is prepared to help customers struggling to raise money.
France urges stricter EU investor protection
AP - France's finance minister is urging the EU to adopt tougher investor protection rules in the wake of heavy losses linked to the alleged fraud by U.S. money manager Bernard Madoff.
Study sees risk of $1 trillion asset collapse
AP - A further collapse in the price of assets, such as stocks and houses, is the largest risk facing world economies in 2009 and could cost as much as $1 trillion, according to a World Economic Forum study published Tuesday.
Dollar up, gold down in morning trading
AP - The U.S. dollar was higher against other major currencies in European trading Tuesday morning. Gold rose.
European Central Bank poised to cut rates again
AP - The European Central Bank is widely expected to cut interest rates again on Thursday, amid increasingly grim economic data and a sharper than expected drop in inflation, although the size of the reduction remains unclear.
UK bank Barclays to cut 2,100 jobs due to downturn
AP - Barclays PLC will cut 2,100 jobs in its investment banking, fund management and private banking units in response to the global economic downturn, according to a person knowledgeable about the decision.
IMF chief warns about deepening global slowdown
AP - The International Monetary Fund is predicting a deepening slowdown in global growth in 2009, the organization's director said Tuesday during a visit to Hungary.
UBS faces lawsuits over $1.4B Madoff-linked fund
AP - French financial company Oddo & Cie said Tuesday it is suing Swiss bank UBS AG to recover euro30 million ($39.8 million) invested in a fund linked to U.S. financier Bernard Madoff.
Dollar up, gold down in afternoon trading
AP - The U.S. dollar was higher against other major currencies in European trading Tuesday. Gold fell.
Bernanke: Obama stimulus helps, more action needed
AP - A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.
UBS faces lawsuit over $1.4B Madoff-linked fund
AP - French financial company Oddo & Cie said Tuesday it is suing Swiss bank UBS AG to recover euro30 million ($39.8 million) invested in a fund linked to U.S. financier Bernard Madoff.
Latvian protesters clash with police
AP - A protest against economic reforms that drew thousands to Latvia's capital turned violent Tuesday as small pockets of rioters clashed with police and attacked government buildings.
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