Money and Financial Lifestyle

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.

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Citigroup: $45 billion TARP money goes toward loans (Reuters)

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

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Wall Street slides on profit taking (Reuters)

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM’s top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

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GM shares fall to 76-year low after execs dump stock (Reuters)

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see bigger cushions against a deep recession, or proof they have enough of a buffer already.

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BofA and other U.S. banks scramble for capital (Reuters)

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

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GE sees $1 billion potential in advanced batteries (Reuters)

PHILADELPHIA—-US Airways customers today have a new United Kingdom option with nonstop service to Birmingham from the airline’s international gateway at Philadelphia International Airport.

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US Airways Inaugurates Expanded Flying to the United Kingdom (Business Wire)

Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.

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GE CEO says economy stabilized, growth a question (Reuters)

Shares of drugmaker Pfizer Inc. jumped nearly 7 percent Tuesday after an analyst issued a report citing benefits of its planned acquisition of rival Wyeth and stating that those were “not yet reflected in the stock.”

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Pfizer shares jump after analyst backs Wyeth deal (AP)

Just seconds before the worst U.S. air crash in more than seven years, the pilot exclaimed “Jesus Christ” and moments later his first officer screamed as Continental Connection Flight 3407 plunged to the ground.

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Pilots shared fear of icy weather in last moments (AP)

For the first time in years, investors are actually feeling good about owning stocks and optimistic about the future prospects. The stress test results were viewed as downright bullish and the stock market is close to its recovery highs.

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11 ETFs You Should Not Own (ETFguide.com)