Saturday, November 15, 2008
G-20 leaders emerge from summit - call for tougher rules for banks, series of measures in early '09 to stabilize global markets.
G-20 leaders emerge from summit - call for tougher rules for banks,
series of measures in early '09 to stabilize global markets.
Friday, November 14, 2008
Energy: Berkshire increases stake in ConocoPhillips, buys Eaton shares
Berkshire Hathaway, the insurance-focused conglomerate run by Warren
Buffett, increased its investment in oil company ConocoPhillips
earlier this year, according to a regulatory filing.
Markets Friday, 11/14/2008
| Dow : 8497.31 down 337.94 | S & P : 873.29 down 38.00
|NASDAQ: 1516.85 down 79.85 | Bond (10Y): 3.72%, 100.16
MARKETS:
Stocks tumble to a close
Volatile markets end lower, with Dow down 338, as investors abandon
recovery attempt. Bleak retail sales report exacerbates fears of a
long recession.
U.S. stocks tally another week of losses on ailing economy
U.S. stocks tally another week of losses on ailing economy
U.S. stocks on Friday fall sharply to tally a second straight week of
losses as a record decline in retail sales and a warning of falling
mobile-phone sales hammered home the ongoing fallout of the ailing
economy.
TELECOM REPORT: VISE TIGHTENS AS TELECOM SUPPLIERS FACE MORE BAD TIMES
Vendors that make telecommunications equipment used by consumers or
large phone carriers are bracing for a difficult 2009 as customers
pare back on their spending to cope with what's unfolding as an
economic downturn on a global
scale. It appears some suppliers could be headed for bankruptcy.
Oil settles down $1.20 to $57.04 a barrel, following stock declines.
Oil settles down $1.20 to $57.04 a barrel, following stock declines.
Dow falls more than 300 points. Losses accelerate - one day after a strong rally - as the global economy darkens.
Dow falls more than 300 points. Losses accelerate - one day after a
strong rally - as the global economy darkens.
Stocks drop as weak retail sales signal economic trauma
Stocks drop as weak retail sales signal economic trauma
ECONOMIC REPORT: RETAIL SALES PLUNGE RECORD 2.8% IN OCTOBER
Falling for a fourth straight month, U.S. retail sales plunge a record
2.8% in October as sales of autos and gasoline plummet.
THE FED: BERNANKE, IN EUROPE, SAYS CENTRAL BANKS REMAIN ON POINT
Central banks around the world stand ready to take additional actions
as needed to restore financial market stability and ease the global
credit crunch, Federal Reserve Board Chairman Ben Bernanke tells a
European audience.
IT'S OFFICIAL BUT NOT UNEXPECTED: EURO ZONE'S IN RECESSION
A global economic slowdown, financial turmoil and home-grown problems
combine to push the 15-nation euro zone into recession, data show.
NOKIA WARNS MOBILE-DEVICE INDUSTRY SALES WILL FALL IN 2009
Nokia, the world's top maker of mobile phones, warns industry sales of
wireless handsets will fall next year as consumers pull back in the
face of the economic slump and limited credit availability.
Energy: Energy, mining shares lead slump in Toronto
Canadian stocks headed lower Friday, as more signs of weakness in the
U.S. and European economies weighed on oil prices.
European Union says the 15 countries that use the euro are in recession.
European Union says the 15 countries that use the euro are in recession.
Germany, Italy drag euro area into recession during third quarter
Germany, Italy drag euro area into recession during third quarter
11/14/2008 5:01:20 AM EDT
Energy: Diesel plays the strong arm among refinery woes
U.S. refineries aren't working quite as hard as they usually do, but
demand for diesel remains strong -- and may lend the helping hand that
both refiners and consumers need to ensure adequate energy supplies as
the nation's heating season kicks into gear.
Energy: U.S. October import prices fall record 4.7%
Prices of imported goods fell the most in two decades as petroleum
prices plunged, the Labor Department reports.
Energy: Oil futures edge lower amid grim economic news
Oil futures edged lower early Friday amid grim economic news from
around the world and reports that the Organization of Petroleum
Exporting Countries will hold an emergency meeting this month.
Breaking News Fri., November 14, 2008
Retail Sales Drop 2.8 Percent in October, Exceeding Previous Record
Set in November, 2001 [9:04 a.m. ET]
Stocks tumble out of the gate after Fannie Mae reports a mammoth loss and companies across a wide swath of the economy slash jobs.
Stocks tumble out of the gate after Fannie Mae reports a mammoth loss
and companies across a wide swath of the economy slash jobs.
Freddie Mac reports $25 billion quarterly loss - says government will pump $13.8 billion into troubled mortgage-insurance giant.
Freddie Mac reports $25 billion quarterly loss - says government will
pump $13.8 billion into troubled mortgage-insurance giant.
Thursday, November 13, 2008
Markets Thursday, 11/13/2008
| Dow : 8835.25 up 552.59 | S & P : 911.29 up 58.99 |
|NASDAQ: 1596.70 up 97.49 | Bond (10Y): 3.88%, 99.03 |
MARKETS:
Swinggng stocks end with surge
Dow rallies 552 points, an 870-point rebound from lows. Nasdaq and S&P
500 bounce as well.
U.S. stocks close crazed session with large surge higher
U.S. stocks close crazed session with large surge higher
U.S. stocks shift up and down in volatile trade as the market, down
for three straight days, tries to absorb rising unemployment claims
and reduced outlooks from Intel Corp. and Wal-Mart Stores Inc.
DELL, H-P FEEL IMPACT FROM INTEL SALES WARNING
Fears of a recession, reports of lower-than-expected sales at major
electronics retailers and a revenue warning from Intel combine to lead
several analysts to cut their forecasts for the entire computer
industry, along with their earnings and sales expectations on the PC
sector's two largest players.
METALS STOCKS: GOLD FUTURES DIP BELOW $700, THEN RALLY IN ELECTRONIC TRADING
Gold futures drop below $700 an ounce for the first time in three
weeks, ready to extend their losing streak to three sessions.
GE SHARES FALL TO 12-YEAR LOW ON FINANCING-COST CONCERNS
General Electric reaffirms its 2009 dividend as its stock price falls
by as much as 11% on renewed speculation that the industrial
conglomerate may have to
raise additional cash to cover higher debt costs.
ECONOMIC REPORT: FEDERAL DEFICIT BALLOONS ON BAILOUT COSTS
The U.S. federal government deficit soars in October to a record
$237.2 billion, as the government invested more than $136 billion in
various bank bailout programs, the Treasury reports.
Stock rally intensifies, with the Dow surging 500 points, bouncing back from earlier losses. Nasdaq up 5%, S&P500 up 6%.
Stock rally intensifies, with the Dow surging 500 points, bouncing
back from earlier losses. Nasdaq up 5%, S&P500 up 6%.
Energy: Energy analysts eye tight credit, slack gasoline demand
The energy sector faces growing natural-gas supplies, lower oil
production, capital spending cuts and tight capital markets from the
global economic slowdown in what promises to be a challenging 2009,
analysts say.
Dow falls 300 points in midday trading as economic fear intensifies.
Dow falls 300 points in midday trading as economic fear intensifies.
Initial jobless claims top 500,000, highest in over seven years
Initial jobless claims top 500,000, highest in over seven years
First-time filings for state unemployment benefits hit their highest
level since September 2001 in the latest week, rising to 516,000 in
another sign of a struggling labor market, U.S. data show.
MORTGAGE APPLICATIONS UP 11.9% LAST WEEK AS RATES FALL: MBA
With consumers taking advantage of lower mortgage rates, mortgage
applications filed last week rise a seasonally adjusted 11.9% from the
prior week, Mortgage Bankers Association data show.
INTEL WARNING DRAWS MIXED VIEW FROM WALL STREET
Intel draws a mixed reaction from Wall Street after slashing its
revenue forecast for the fourth quarter due to a drop in PC demand
caused by the slowing economy.
WAL-MART'S NET RISES 10% ON INVENTORY CONTROL, VALUE MESSAGE
Wal-Mart's third-quarter profit rises 10%, helped by inventory control
and a value message that's won new and repeat shoppers worried about
the economy, financial results show. The blue-chip retailer also
tightens its projected range for full-year profit.
CHINA'S OCT. INDUSTRIAL GROWTH FALLS TO 2001-LOWS
China's industrial production growth decelerated
more than expected in October, raising concerns the nation's
export-driven boom could be running out of steam, and highlighting the
need for Beijing to step up measures to bolster domestic consumption.
Energy: Oil service shares recover after big losses
Energy stocks regained their footing in early action, only to fall
back to mixed trading after a big slide in the previous session as
investors look toward the latest weekly petroleum inventory data,
lower retail gasoline prices, and a fresh production cut from OPEC.
Shares turn lower after an early pop.
Shares turn lower after an early pop.
Breaking News: Jobless claims rocket to 7-year high
WASHINGTON - The number of newly laid-off individuals seeking
unemployment benefits unexpectedly jumped last week to its highest
level since after the Sept. 11 terrorist attacks. Analysts had
foreseen just a slight increase.
Stocks rise at the open despite a flurry of troubling economic news and heightened recession talk.
Stocks rise at the open despite a flurry of troubling economic news
and heightened recession talk.
Initial U.S, jobless claims at highest level since September 2001
Initial U.S, jobless claims at highest level since September 2001
11/13/2008 8:39:07 AM EDT
Wednesday, November 12, 2008
Markets Wednesday, 11/12/2008
| Dow : 8282.66 down 411.30 | S & P : 852.30 down 46.65
| NASDAQ: 1499.21 down 81.69 | Bond (10Y): 3.65%, 102.81
MARKETS:
Dow sinks 660 points in 3 days
The blue-chip index sheds 400 points Wednesday as recession fears take
center stage. Paulson gives update on revamped $700B bailout.
Tech Daily: Nasdaq slides under 1,500 mark, sparking sell-off on tech stocks
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Tech Stocks: Nasdaq slides under 1,500 mark, sparking sell-off on tech stocks
Technology stocks crash in the wake of fresh worries about the economy, pushing the Nasdaq Composite Index down below the 1,500 mark for the first time in more than five years.
Intel Corp. says that it expects financial results for its current, fourth
fiscal quarter to be "below expectations," as the technology bellwether
grapples with a flagging economy.
Applied Materials Inc. reports a fourth-quarter profit that fell 45% as
semiconductor-and-solar panel equipment maker delivered weaker sales. The
company also says it will slash 1,800 jobs.
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Google seeks new ad model with YouTube videos
5:16 PM ET
Google Inc. begins its latest effort to tap YouTube for revenue by presenting
sponsored videos alongside search results on the popular service.
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After Hours: Applied Materials, NetApp rise after results
4:30 PM ET
Better-than-expected quarterly results from Applied Materials and NetApp lift
shares of the technology companies higher in the evening.
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Google stock below $300 mark for first time since 2005
4:23 PM ET
Analysts who follow Google Inc. cut their estimates for the Internet giant's
fourth-quarter financial results, as the company's shares dip below the $300
mark for the first time in more than three years.
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Telecom Stocks: Sprint, Nortel lead retreat again
2:32 PM ET
Sprint Nextel Corp. and Nortel Networks Corp. led telecommunications stocks sharply lower in Wednesday action as the sector once
again mirrored the broader U.S. market.
U.S. stocks end lower for third day as Best Buy adds to gloom
U.S. stocks end lower for third day as Best Buy adds to gloom
U.S. stocks close sharply lower as Treasury Secretary Henry Paulson
shifts the focus of the government's bailout plan from troubled
mortgage assets to consumer credit and Best Buy Co. Inc. cuts its
outlook.
GOOGLE STOCK BELOW $300 MARK FOR FIRST TIME SINCE 2005
Analysts who follow Google Inc. cut their estimates for the Internet
giant's fourth-quarter financial results, as the company's shares dip
below the $300 mark for the first time in more than three years.
FUTURES MOVERS: CRUDE FUTURES DROP 5% TO CLOSE AT A NEARLY 22-MONTH LOW
Crude futures fall below $57 per barrel, extending declines during a
second session as concerns about a sharp slowdown in demand push
prices to a fresh 21-month low.
PAULSON FLIPS THE SCRIPT ON FINANCIAL-RESCUE PLAN
The Treasury secretary lays out details for the next stage of the
government's financial-market rescue package, announcing that he has
shelved the original plan to buy troubled mortgage assets while
turning his attention to nonbank financial institutions and consumer
finance.
BEST BUY FLAGS UNEXPECTED PROFIT DROP AS CONSUMERS CUT BACK
Best Buy Co. cuts its fiscal 2009 outlook because of a fast-paced
meltdown in consumer spending since the end of summer.
Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.
Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.
Nasdaq falls below 1,500 level for the first time since 2003
Oil settles at a 21-month low, down $3.17 to $56.16 a barrel, on worries about global demand.
Oil settles at a 21-month low, down $3.17 to $56.16 a barrel, on worries about global demand.
House to consider new $25 billion loan for auto industry: Rep. Frank
Date: Wed, Nov 12, 2008 at 12:17 PM
House to consider new $25 billion loan for auto industry: Rep. Frank[3:15:11 PM EDT]
Energy: Russia's financial crisis is getting worse
11/12/2008 1:00:00 PM ET
Russia's financial crisis is looking bleaker every day and now there
is an increasing risk that the ruble will be devalued.
Energy: Renewed slump for miners, energy shares in Toronto trading
Canadian stocks fell sharply Wednesday, with the selling carrying over
from the previous session, as global economic woes and sliding
commodities prices once again took a hefty toll on shares of miners
and energy producers.
Paulson lays out rescue-plan shift to consumers
Paulson lays out rescue-plan shift to consumers
Treasury Secretary Henry Paulson offers his plans for the next stage
of the financial market rescue package, announcing he has shelved a
plan to buy troubled mortgage assets and is moving his attention to
non-banks and consumer finance.
STOCKS DROP IN EARLY TRADING AS BEST BUY ADDS TO GLOOM
U.S. stocks extend losses into a third day, as investors fret about
ailing financial and auto sectors and Best Buy Co. Inc. lowers its
outlook, offering further evidence of weak consumer spending.
BEST BUY FLAGS UNEXPECTED PROFIT DROP AS CONSUMERS CUT BACK
Best Buy Co. cuts its fiscal 2009 outlook because of a fast-paced
meltdown in consumer spending since the end of summer.
MACY'S SWINGS TO LOSS, CUTS CAPITAL SPENDING
Hurt by consumers curtailing their discretionary spending, Macy's
posts a third-quarter loss as the department-store operator also says
it plans to slas hcapital spending. But shares gain as management
stands by its projection for
AMEX ASKS U.S. FOR $3.5 BILLION: WSJ
American Express Co. is the latest company to seek U.S. government
help to steer it through the financial crisis, according to a story
Wednesday in The Wall Street Journal.
Paulson: Bailout priorities now include investments in non-bank financial firms and a push for private capital to match U.S. funds.
Paulson: Bailout priorities now include investments in non-bank
financial firms and a push for private capital to match U.S. funds.
Energy: Exelon goes hostile on NRG Energy, takes bid to shareholders
Exelon's taking its bid to become the largest U.S. utility operator
directly to NRG Energy shareholders after the smaller company formally
turned down the stock-swap offer on Nov. 9.
Energy: Sector under pressure as oil drops to $57 a barrel
Energy stocks move lower with both the broad market and with falling
oil prices on as the economic slowdown continued to fuel concerns
about weak demand.
U.S. stocks decline at opening bell Wednesday; blue chips fall 200 points
U.S. stocks decline at opening bell Wednesday; blue chips fall 200 points
9:36:11 AM EDT
Tuesday, November 11, 2008
Tech: Sector loses ground amid broader market retreat
Tech Stocks: Sector loses ground amid broader market retreat
Technology stocks lose more ground as most bellwether issues close
lower amid fears about the economy and weak earnings from the broader
market.
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Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Applied Materials Inc., Macy's Inc. and NetApp
Inc.
Energy: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Applied Materials Inc., Macy's Inc. and NetApp
Inc.
Markets Tuesday, 11/11/2008
| Dow : 8693.96 down 176.58 | S & P : 898.95 down 20.26
| NASDAQ: 1580.90 down 35.84 | Bond (10Y): 3.75%, 101.97
MARKETS:
Stocks drop on recession jitters
Worries about the global economic slowdown remain in focus, sending
Wall Street tumbling.
Stocks end lower on signs of weakening consumer spending
Stocks end lower on signs of weakening consumer spending
U.S. stocks fall for a second day after quarterly results and outlooks
from luxury home builder Toll Brothers Inc. and coffee retailer
Starbucks Corp. illustrate softening consumer spending.
U.S. UNWRAPS LATEST PLAN TO STEM FORECLOSURES
In their most aggressive move yet to stem a tide of home foreclosures,
the government and the mortgage industry say they'll try to modify
hundreds of thousands of mortgages to make them affordable.
FUTURES MOVERS: OIL FUTURES END BELOW $60 A BARREL AS ECONOMIC CONCERNS DOMINATE
Crude-oil futures close below $60 per barrel after briefly touching
their lowest level in 21 months, as concerns about the health of the
global economy and its impact on energy demand sparked fresh selling
among traders.
OBAMA'S FIRST PRIORITY REMAINS ECONOMY: PODESTA
The first priority for Barack Obama remains the economy, a co-chairman
of his transition team says, but the president-elect won't meet any of
the leaders coming to Washington this weekend for a global economic
summit.
Oil closes at a 19-month low, down $3.08 to $59.33 a barrel as demand evaporates.
Oil closes at a 19-month low, down $3.08 to $59.33 a barrel as demand
evaporates.
Stocks close down, with the Dow off 178, on intensifying fears about a deepening recession.
Stocks close down, with the Dow off 178, on intensifying fears about a
deepening recession.
U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners – streamlining process for offering affordable mortgages.
U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners
– streamlining process for offering affordable mortgages.
Crude futures fall to 21-month low; gold closes $14 lower
Crude futures fall to 21-month low; gold closes $14 lower
1:59:17 PM EDT
Dow falls 300 points as investors' recession fears intensify.
Dow falls 300 points as investors' recession fears intensify.
Energy: Miners slide as global woes weigh on Toronto index
Canadian stocks tumble as concerns about global economic growth
pressure oil and commodities prices, dragging down the shares of
miners and energy producers.
Energy: Russian equities fall sharply, as ruble drops 1% vs. basket
Equities in Moscow fall sharply, forcing trading suspensions on local
stock exchanges, as the Russian central bank allows the ruble to
weaken about 1% against its dual currency basket.
U.S. stocks extend slump amid lowered earnings and outlooks
U.S. stocks extend slump amid lowered earnings and outlooks
U.S. stocks slip at start after Toll Brothers Inc. and
InterContinental Hotels Group noted downturns in the last month and as
American Express Co. converted into a bank to get speedier access to
U.S. government cash.
CITI UNVEILS HOUSING RELIEF PLAN
Citigroup Inc. releases details of a plan that it says will help
mortgage borrowers remain in their homes.
STARBUCKS' SHARES FALL ON DISAPPOINTING RESULTS
Shares of coffee giant Starbucks are under pressure early Tuesday on
the heels of a disappointing quarterly profit report.
FUTURES MOVERS: OIL FALLS MORE THAN 5% AS ECONOMIC CONCERNS DOMINATE
Crude-oil futures fall more than 5%, as concerns about the health of
the global economy and its impact on energy demand spark fresh selling
among traders.
U.K.'S BROWN PUSHES GLOBAL TAX CUTS AS LEADERS PREPARE FOR G20
British Prime Minister Gordon Brown urges a worldwide round of tax
cuts in order to stave off a deep global recession.
Energy: Commodity firms, banks weigh on London; Vodafone climbs
London shares fell on Tuesday, with more downbeat data on the economy
and weakness for commodity producers and banks offsetting a strong
performance for Vodafone Group.
Energy: Oil drops over 3% as economic concerns dominate
Crude-oil futures fall more than 3%, flirting with the $60-a-barrel
mark, as concerns about the health of the global economy and its
impact on energy demand spark selling among traders.
Stocks edge lower at the open as investors continue to keep an eye on the economy.
Stocks edge lower at the open as investors continue to keep an eye on
the economy.
Monday, November 10, 2008
American Express gets Fed approval to become bank-holding company
American Express gets Fed approval to become bank-holding company
6:30:47 PM EDT
Markets Monday, 11/10/2008
| Dow : 8870.54 down 73.27 | S & P : 919.21 down 11.78 |
| NASDAQ: 1616.74 down 30.66 | Bond (10Y): 3.75%, 101.97
MARKETS:
Recession fear batters Wall Street
Stocks retreat on worries about corporate health amid the global
economic slowdown.
U.S. stocks end lower as financials falter; GM battered
U.S. stocks end lower as financials falter; GM battered
U.S. stocks finished lower Monday, sending the Dow Jones Industrial
Average back below 9,000, after early enthusiasm over China's economic
stimulus fading in favor of ongoing worries about U.S. companies,
including General Motors Corp.
THE RATINGS GAME: DEUTSCHE BANK CUTS GM TO SELL; SHARES SEEN LIKELY WORTHLESS
General Motors gets downgraded to sell from hold by Deutsche Bank,
which sees U.S. government intervention as inevitable. GM shares come
under renewed selling pressure.
THE FED: U.S. GOVERNMENT DRAMATICALLY ALTERS TERMS OF AIG'S BAILOUT
The Federal Reserve and the Treasury have restructured the
government's support for AIG, the insurance giant taken over on Sept.
16, in a sweeping manner. Investors in AIG applaud.
CHINA LIFTS WRAPS ON STIMULUS PACKAGE
China unveiled on Sunday what it described as a "massive" economic
stimulus package worth over half a trillion dollars in an effort to
reverse slowing economic growth in the world's most populous country.
Stocks falter, closing lower on concerns about automakers and retailers. The Dow loses 0.7%, while the Nasdaq drops 1.9%.
Stocks falter, closing lower on concerns about automakers and
retailers. The Dow loses 0.7%, while the Nasdaq drops 1.9%.
Oil settles up $1.37 at $62.41 a barrel after briefly dipping below $60.
Oil settles up $1.37 at $62.41 a barrel after briefly dipping below $60.
Midday Report: U.S. stocks losing some lift from China stimulus package
U.S. stocks losing some lift from China stimulus package
Stocks scale back gains, with the Dow Jones Industrial Average
flirting with the 9,000 level, as enthusiasm over China's economic
stimulus package was partially offset by ongoing worries about U.S.
companies.
CHINA LIFTS WRAPS ON STIMULUS PACKAGE
China unveiled on Sunday what it described as a "massive" economic
stimulus package worth over half a trillion dollars in an effort to
reverse slowing economic growth in the world's most populous country.
THE FED: FED, TREASURY REVAMP SUPPORT FOR INSURER AIG
The Federal Reserve and the Treasury have restructured the
government's support for AIG, the insurance giant taken over on Sept.
16.
CIRCUIT CITY FILES FOR CHAPTER 11 BANKRUPTCY
Circuit City Stores Inc. says it filed for protection from its
creditors under Chapter 11 of the U.S. bankruptcy code.
Energy: AEP trims 2009 profit view, but keeps 'stable' debt rating
American Electric Power drew positive comments from a key debt rating
agency on Monday after the utility giant with five million customers
in 11 states cut its 2009 profit view on a slowing economy.
Energy: U.S. energy policy debate ramps up in sector
The debate over U.S. energy policy escalated Monday as Chevron's CEO,
calling oil still pricey at $65 a barrel, called for more U.S.
exploration and production, and Democrats fought over a key panel
appointment.
Energy: Sempra profit rises 1%, beating expectations
Sempra Energy's third-quarter net income rises by $3 million, as the
California utility firm holds the line despite a slowing economy.
Stocks jump at the open despite signs of distress from wide swath of economy - job cuts, bankruptcy, federal intervention.
Stocks jump at the open despite signs of distress from wide swath of
economy - job cuts, bankruptcy, federal intervention.
Energy: Miners, oil producers pace gains for London shares
London shares advance on Monday, with commodity-sector shares
performing well after China unveiled measures to stimulate its
economy.
Energy: China stimulus lifts Europe stocks; HSBC, Santander fall
European shares advanced on Monday, with commodity producers in the
lead after China unveiled a massive economic stimulus package over the
weekend.
In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and set up two lending programs to ease 'liquidity pressures.'
In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and
set up two lending programs to ease 'liquidity pressures.'
McDonald's shrugs off economic concerns; U.S. comp-store sales up 5.3% for October
McDonald's shrugs off economic concerns; U.S. comp-store sales up 5.3%
for October
8:05:27 AM EDT
Circuit City, the nation's second-largest electronics retailer, files for Chapter 11 bankruptcy.
Circuit City, the nation's second-largest electronics retailer, files
for Chapter 11 bankruptcy.
U.S. rewrites AIG bailout - offering better terms and taking a more significant role in troubled insurer.
U.S. rewrites AIG bailout - offering better terms and taking a more
significant role in troubled insurer.
Sunday, November 09, 2008
Hong Kong's Hang Seng jumps 6.1% in early trading
BULLETIN: Hong Kong's Hang Seng jumps 6.1% in early trading
11/9/2008 9:06:16 PM EDT
Energy: AEP cuts back earnings forecast
AEP is reducing its earnings forecast for next year, citing the
slowing economy and "various potential regulatory outcomes."
Energy: NRG Energy board rejects Exelon bid
NRG's board of directors rejects Exelon's unsolicited bid, which it
says significantly undervalues the company.
Energy: China lifts wraps on stimulus package
China unveils an economic stimulus package worth over half a trillion
dollars in an effort to reverse slowing economic growth in the world's
most populous country.
