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Posted by admin on October 30, 2008 under News | 
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FTSE Up As Fed Cuts Interest Rate
The US Federal Reserve has, as expected, cut its key interest rate by half of one percent to 1% – the lowest for four years. The move is aimed at trying to revive the American economy, which is faci…
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NY attorney general asks banks for bonus info (AP)
AP – The New York attorney general has asked nine banks that are getting a piece of the Wall Street bailout to turn over information about how they are spending money on executive bonuses.
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Boeing expects China to buy 3,710 new planes by 2028
NEW YORK (MarketWatch) — Boeing Co. said early Wednesday it anticipates the China market for new aircraft will grow to $390 billion over the next 20 years.
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Dow and S&P 500 fall on profit worry, GE outlook report (Reuters)
Reuters – U.S. stocks fell on Wednesday as a big rally faltered in the last minutes of trading on worry about the weakening corporate profit picture after a news report raised questions about General Electric’s earnings outlook.
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Dow Jones rockets nearly 900 points higher
In a sign global markets may have bottomed, major indices around the world rose powerfully Tuesday.
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Dow ends up almost 900, but no one is exhaling (AP)
AP – Wall Street’s best day in two weeks
Posted by admin on October 29, 2008 under News | Be the First to Comment
Boehner Knew Part of $700 Billion Bailout Could Be Used To Purchase Bank Stocks
(CNSNews.com) – House Minority Leader John Boehner (R-Ohio) told CNSNews.com on Tuesday that he understood from the beginning that part of the $700 billion granted to the U.S. Treasury Departmen…
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Rate-cut hopes relieve financial gloom (AFP)
AFP – Stock markets soared on Wednesday, buoyed by expectations of rate cuts in the United States and Japan as China announced its own reduction in a bid to counter the impact of the global financial crisis.
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Government orders curbs on
The government Tuesday issued restrictions on "naked" stock short-selling to help calm the nation's bourses, a day after they plummeted to a 26-year low, Financial Services Minister Shoichi Nakagawa s…
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AFP – London stocks rallied by 5.59 percent in morning trading on Wednesday, accelerating initial gains as investors took their cue from a sharp overnight rally in New York, dealers said.
