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Posted by admin on January 26, 2009 under News | 
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Freddie Mac to ask government for another $30-$35 billion
SAN FRANCISCO (MarketWatch) – Freddie Mac plans to ask the government for up to $35 billion in extra support as the housing slump continues to hammer the mortgage giant.
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SEC reviewing Steel’s TV comments on Wachovia: report (Reuters)
Reuters – U.S. regulators are probing former Wachovia Corp Chief Executive Robert Steel over comments he made on television about his bank the day before it started talks about a potential merger, the Wall Street Journal reported late on Friday.
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Schlumberger touches off rally as energy stocks recover
NEW YORK (MarketWatch) — Schlumberger's earnings touched off a rally in oil services shares, which led gains across the energy sector on Friday as crude futures gave up earlier losses and moved sharp…
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Oil prices gain ground before key US stocks report (AFP)
AFP – World oil prices marched upwards on Thursday, winning support from a global equities rally ahead a vital report on crude reserves in the United States, the number one energy consuming nation, dealers said.
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Xerox 4Q profit plunges, misses Wall Street view
NEW YORK (AP) — Xerox Corp.'s fourth-quarter earnings plunged as the printer and copier maker booked hefty charges for layoffs and other restructuring costs, and the company on Friday also forecast f…
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Investors await earnings, Obama’s stimulus plan (AP)
AP – As Wall Street waits for Congress to act on President Barack Obama’s stimulus plan, investors will look to a swath of earnings reports and comments from the Federal Reserve this week for clues on when the economy might begin to improve.
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Soft future bookings leads to airfare sales
NEW YORK (MarketWatch) — Airline stocks were mixed Friday, following the wider market even as analysts focused attention on new evidence of softer industry revenue for 2009.
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Cox Quits at SEC, Leaves Schapiro to Restore Clout (Bloomberg)
Bloomberg – Jan. 21 (Bloomberg) — Christopher Cox stepped down as U.S. Securities and Exchange Commission chairman, leaving behind a demoralized agency that failed to spot Bernard Madoff’s alleged fraud and had its role diminished by the collapse of Bear Stearns Cos. and Lehman Brothers Holdings Inc.
Posted by admin on January 25, 2009 under News | Be the First to Comment
Capital One results suggest gloomy 2009 for credit card industry
SAN FRANCISCO (MarketWatch) — Quarterly results from Capital One Financial suggest the credit card industry faces a tough 2009 as more borrowers struggle to repay debt and cut spending.
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Schapiro approved as new SEC chairman (Reuters)
Reuters – Veteran securities regulator Mary Schapiro was approved by the U.S. Senate on Thursday to head the Securities and Exchange Commission where she will face the challenge of reinvigorating the agency criticized for missing one of the biggest investment frauds in history.
