Posted by admin on September 29, 2008 under News | 
Stocks fall sharply lower ahead of bailout vote (AP)
AP – Financial markets endured another difficult session Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp. The Dow Jones industrial average fell nearly 300 points, while demand for safe-haven buying in government debt remained high ahead of the vote.
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Locally, some unloaded troubled stocks in time
Government filings show more than 5.5 million AIG shares worth $145 million were held by locally managed portfolios in June. If those shares were still held by local investors on Sept. 22, they would …
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Stocks mixed on bailout clash; tech slides (AP)
AP – Financial markets remained on edge Friday after the Bush administration’s proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers. Stocks ended mixed, with big financial companies lifting the Dow Jones industrials more than 120 points, but worries about smaller banks and parts of the technology sector taking much of the market lower.
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Stocks Decline On Bailout Doubt, WaMu Failure
U.S. stock indexes were mixed Friday afternoon with investors adopting a tentative approach amid the political haggling over the administration's rescue plan for the financial sector in the midst of…
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FTSE continues to stumble (AFP)
AFP – London shares closed lower on Wednesday as jitters from the current financial crisis continued to unnerve traders with energy companies suffering the most.
Posted by admin on September 28, 2008 under News |
Some words for Wall Street in its hour of need: Drop…
Advertisement fourth quarter of 2006 to 8.7 percent a year later. Ohio, for example, has the nation's highest foreclosure rate of 3.9 percent, or 1 in 25 loans. These figures come from Harvard Univer…
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SEC ends program to oversee investment banks (Reuters)
Reuters – The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the five participants have collapsed or reorganized.
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Stocks trading low, but buyer beware
More stocks have been trading this year below the value of the assets on their books than at any time in the past 20 years. Nearly one in five stocks in the Russell 3000 index, which covers about 98 …
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US regulator says flawed oversight fed financial crisis (AFP)
AFP – The head of the US financial regulator SEC has blamed a voluntary monitoring program for major investment banks as a cause of the global financial crisis and said he was shutting the program down.
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US treasury secretary begged Democratic leader on one knee to save his plan to rescue Wall Street
It was, according to accounts filtering out of the White House, an extraordinary scene. Hank Paulson, the US treasury secretary and a man with a personal fortune estimated at $700m (£380m), had …
