22/11 02:00 Tim Geithner Said Picked for Treasury President-elect Barack Obama is expected to nominate Tim Geithner, the president of the New York Federal Reserve, for secretary of the Treasury, according to a report from CNBC. If approved, Geithner would succeed Henry Paulson at the helm of the financial industry's $700 billion bailout.... /
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22/11 02:00 Dow Jumps 500 After 2-Day Plunge Wall Street got a boost of confidence late Friday following a report that President-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as Treasury secretary. Stocks surged, with the Dow Jones industrial average jumping 325 points.... /
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