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Posted by admin on August 31, 2008 under News | 
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Oman bourse biggest loser on eve of holy month
Oman's bourse was the Gulf's biggest loser for a third day, falling more than two percent, as selling by foreign institutions continued to dominate trading.
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P&G SEC filing confirms antitrust probes (AP)
AP – Authorities in the United Kingdom are investigating potential antitrust violations involving an unnamed Procter & Gamble Co. subsidiary, the consumer products company said Thursday in a Securities and Exchange Commission filing.
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Banks borrow more from Fed; Wall Street takes pass
Banks borrowed more over the past week from the Federal Reserve's emergency lending program, while Wall Street firms passed for the fourth straight week.A Fed report released Thursday said commercial …
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Wall Street enters month of peril with outlook clouded (AFP)
AFP – Wall Street returns from vacation season to enter what is historically the most perilous period of the year amid conflicting signals about the US economic outlook.
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US incomes drop sparks Wall Street tumble
Wall Street tumbled today after the US government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed.The Dow Jones industrial average drop…
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SEC proposes international accounting plan (AP)
AP – Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014.
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FTSE reaches two-month high
Strong gains for oil and banking stocks saw the FTSE 100 Index make good progress today and close at another two-month high.The recovery by financial firms, amid hopes the worst of the credit crunch m…
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MBIA jumps after deal to reinsure FGIC bonds (Reuters)
Reuters – Shares of MBIA Inc. jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp.
Posted by admin on August 30, 2008 under News | Be the First to Comment
GTx’s Steiner to ring in the Nasdaq next week
CEO Mitchell Steiner will ring Nasdaq’s opening bell on Tuesday, Sept. 2. Steiner will ring the bell at Nasdaq Marketsite in New York City at 8:30 a.m. central standard time. Memphis-based GTx…
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Stocks tumble as Dell warns on tech spending (Reuters)
Reuters – U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending.
