Money and Financial Lifestyle

Home prices fell in nearly nine out of every 10 U.S.

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Median home prices fell nationwide in 1Q (AP)

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)

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)

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)

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)

Coal stocks rallied on news of Alpha Natural Resources’ planned acquisition of Foundation Coal Holdings.

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Merger News Powers Coal Index (Indie Research)

European stock markets and Wall Street futures took a breather Tuesday, trading little changed following the previous day’s retreats as investors awaited key U.S. consumer data later in the week.

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World markets steady as focus turns to US consumer (AP)

NEW YORK—-Citi announced today that it will lend up to $5 billion to state and local governments, municipal agencies, universities and non-profit hospitals to fund projects that will help create jobs and spur economic growth.

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Citi Announces New $5 Billion Municipal Lending Program Backed by TARP Capital (Business Wire)

MBIA Inc. shares jumped in premarket trading Tuesday after the bond insurer posted a first-quarter profit, its first after five straight quarters of losses.

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Ahead of the Bell: MBIA shares jump on earnings (AP)