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Posted by admin on September 23, 2008 under News | 
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Central banks may expand range of collateral: Nikkei (Reuters)
Reuters – Central banks in the United States, Europe and Japan will consider taking foreign-denominated assets as collateral in an effort to provide liquidity for battered financial markets, the Nikkei newspaper said on Sunday.
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Lawmakers consider cuts after Wall Street meltdown
DENVER—The meltdown on Wall Street trickled down to the state on Monday, forcing lawmakers to consider a hiring freeze and other budget cuts to cope with declining revenues. Rep. Al White, R-Hay…
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London stocks close lower (AFP)
AFP – London shares closed lower on Monday, shaking off earlier gains as investors worried over the viability of a massive US rescue plan aimed at shoring up the global economy.
Posted by admin on September 22, 2008 under News | Read the First Comment
The end of Wall Street may mean less profit for Goldman, Morgan
SAN FRANCISCO (MarketWatch) — Less than a week ago, executives of the two largest U.S. brokerage firms highlighted the benefits of Wall Street's business models. By Monday, those models were scrapped…
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U.S. readies massive toxic-debt plan (Reuters)
Reuters – The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets.
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High-risk, big-bucks era wanes on Wall Street
NEW YORK — Ever since corporate raiders, multibillion-dollar buyouts and the catchphrase "Greed is good" burst into the national consciousness in the 1980s, Wall Street has been a larger-than-life e…
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Microsoft shares rise 5 percent on share repurchase (Reuters)
Reuters – Shares of Microsoft Corp jumped 5.1 percent to $26.45 in trading before the opening bell on Monday, after the company raised its quarterly dividend and set a $40 billion share repurchase plan.
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Bush Proposes $700 Billion Wall Street Bailout Plan
September 21, 2008 · The Bush Administration and Congress have been hustling this weekend to design a sweeping rescue plan for banks and other financial institutions. It's a plan to triage the …
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Stocks soar as investors bet on gov’t rescue plan (AP)
AP – Wall Street had another extraordinary rally Friday as investors stormed back into the market, relieved that the government plans to restore calm to the financial system by rescuing banks from billions of dollars in bad debt. The Dow Jones industrials soared about 370 points, giving them a gain of about 780 over two days, and Treasurys fell as money flowed into equities.
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New McCain campaign ad tries to link Obama to Wall Street crisis
New York, Sept.20 : A new 30-second advertisement that has been aired by the Republican campaign since Thursday and titled 'Advice,' blames Democratic presidential candidate Barack Obama for the curre…
