Posted by admin on September 25, 2008 under News | 
Stocks rise on bailout hopes; credit remains tight (AP)
AP – Financial markets grew more upbeat Thursday as political leaders said they struck an agreement in principle on a massive spending plan to revive the crippled financial system. The Dow Jones industrial average jumped about 200 points on optimism about the bailout, and demand for safe-haven assets remained high but eased slightly as some investors placed bets that a deal would help unclog credit markets.
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Australian stocks tumble on Wall Street jitters
Sydney – The Australian share market gave up some of its recent gains Thursday as investors waited for the promised billion-dollar Wall Street bailout. The ASX 200 fell 54 points, or 1 per cent, to 4,…
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Goldman gets boost amid worries on bailout (Reuters)
Reuters – Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences amid growing concern the rescue may be delayed, but markets were heartened by news that Warren Buffett was investing $5 billion in Goldman Sachs.
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Insiders Say Healthcare Industry Slowed, But Not Harmed, By Wall Street Crisis, Jarrard Inc. Survey Says
0 posts More than 56 percent of 158 healthcare business insiders surveyed late last week say Wall Street's financial crisis will "slow down, but not harm" the business of healthcare. In fact, almost 7…
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Retail trade group offers weak holiday forecast (AP)
AP – Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday.
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U.S. stocks dither as lawmakers debate bail-out
Congress continues to debate the $700 billion rescue package which Fed officials say will resolve the current financial crisis.
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Goldman gets boost amid worries on bailout (Reuters)
Reuters – Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences amid growing concern the rescue may be delayed, but markets were heartened by news that Warren Buffett was investing $5 billion in Goldman Sachs.
Posted by admin on September 24, 2008 under News |
Warren Buffett invests $5 billion in Goldman Sachs
Berkshire Hathaway, the company owned by US investment guru Warren Buffett, has bought US$5bn worth of Goldman Sachs shares.
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Global stocks sputter with US rescue plan in limbo (AFP)
AFP – Global stocks wobbled Wednesday as a sweeping US banking sector rescue plan remained in limbo despite warnings that inaction could lead to a new financial calamity.
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Congress balks at Treasury
WASHINGTON — In its first formal presentation to Congress, the Bush administration's $700-billion plan to rescue the financial system was strafed from left, right and center Tuesday, with critics de…
