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Posted by admin on February 23, 2009 under News | 
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Wall Street waits for details on Treasury plan
Investors are expecting details on the Treasury Department's plans to fix the financial industry. The questions they want answered: How the government will decide which banks are healthy enough to be …
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Major indexes fall more than 6 percent for week (AP)
AP – Wall Street ended another terrible week Friday, leaving major indexes down more than 6 percent as investors worried that the recession will persist for at least the rest of the year and that government intervention will do little to hasten a recovery.
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Hussey backs Bushrangers talent stocks
David Hussey says Victoria's impressive depth has helped the side reach all three domestic finals this season, despite losing players to international duty. Victoria meets Queensland in the domestic …
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Asian stock markets mostly higher on Citi report (AP)
AP – Asian stocks were mostly higher Monday, with Hong Kong and South Korea’s benchmarks up more than 2 percent, amid reports the U.S. government might take a larger stake in troubled banking giant Citigroup to ease the financial crisis.
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Stocks See Substantial Volatility Amid Concerns About Bank Nationalization – U.S. Commentary
(RTTNews) – Stocks saw considerable volatility over the course of the trading session on Friday, as traders digested conflicting remarks regarding the need to nationalize some banks. The major averag…
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How the major market indexes fared Friday (AP)
AP – Wall Street tumbled again Friday, giving the market a painful end to another terrible week. The reality of a protracted recession, and the likelihood that government intervention can do little to hasten its end, had investors again abandoning stocks, particularly those of struggling financial companies. Stocks ended off their lows after White House press secretary Robert Gibbs doused fears that the government would nationalize crippled banks.
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* European stocks have worst week since December
European stocks posted the biggest weekly drop in two months, sending the Dow Jones STOXX 600 Index to the lowest level since March 2003, as concern grew the economy would deteriorate further and comp…
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Bank fears drag down world markets (AFP)
AFP – Fears for struggling banks dragged world stock markets down sharply on Friday and fresh data showed eurozone business activity shrivelling as the twin financial and economic firestorms raged on.
Posted by admin on February 22, 2009 under News | Be the First to Comment
Falling bank stocks sent stock markets tumbling; Dow at new six-year lows
Dilip Patel, left, and Glenn Carell, both of Bear Wagner Specialists, work on the floor of the New York Stock Exchange. THE ASSOCIATED PRESS/Henny Ray Abrams
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Citigroup, BofA shares plunge on nationalization rumors (AFP)
AFP – Citigroup and Bank of America shares plunged again Friday amid market rumors that the government will nationalize the two big banks, which already have benefited from massive federal bailouts.
