Saturday, September 20, 2008
Breaking News from
The Bush administration is asking Congress to let the government buy
$700 billion in bad mortgages as part of the largest financial bailout
since the Great Depression.
SEC makes temporary short-sale ban on 799 financial institutions
SEC makes temporary short-sale ban on 799 financial institutions
9/19/2008 5:23:03 AM
Breaking News: Treasury to insure money market mutual funds
WASHINGTON - The Treasury Department says it will tap a Depression-era
fund to provide guarantees for the nation's money market mutual funds.
Meanwhile, the Securities and Exchange Commission took the dramatic step
early
Friday of temporarily banning the routine practice of betting against
company stocks.
Friday, September 19, 2008
Regulators shut down W. Va.-based Ameribank, 12th bank to fail this year
Regulators shut down W. Va.-based Ameribank, 12th bank to fail this
year
9/19/2008 7:36:03 PM
President Bush says economy faces 'pivotal moment'...
President Bush says economy faces 'pivotal moment'; intervention to
address 'root cause' – housing - is critical.
Breaking News
Treasury Secretary Paulson says "hundreds of billions" of dollars are
needed to resolve U.S. financial crisis.
Paulson says plan will involve 'significant' tax dollars but provide 'ultimate' fix by stabilizing financial system.
Paulson says plan will involve 'significant' tax dollars but provide
'ultimate' fix by stabilizing financial system.
Federal Reserve says it will expand short-term lending to banks as part of an effort to prop up money market mutual funds.
Federal Reserve says it will expand short-term lending to banks as part
of an effort to prop up money market mutual funds.
Stock rally intensifies - Dow industrials soar more than 400 points, Nasdaq rises over 100 points and S&P 500 up about 50 points.
Stock rally intensifies - Dow industrials soar more than 400 points,
Nasdaq rises over 100 points and S&P 500 up about 50 points.
Shanghai stocks up 9.4% after government rescues markets
Shanghai stocks up 9.4% after government rescues markets
9/18/2008 11:12:57 PM
Thursday, September 18, 2008
SEC moving to temporarily ban short selling: report
SEC moving to temporarily ban short selling: report
9/18/2008 7:41:24 PM
Breaking News
Wall Street has ended a volatile session sharply higher after a stunning
late-session turnaround that sent the Dow Jones industrials up about 400
points.
First-time jobless claims increase to 455,000 in latest week, up 10,000
First-time jobless claims increase to 455,000 in latest week, up 10,000
9/18/2008 8:32:11 AM
Wednesday, September 17, 2008
Breaking News Wed., September 17, 2008
A U.S. SPOKESMAN SAYS THE AMERICAN EMBASSY IN YEMEN WAS HIT BY A CAR
BOMB AND THERE WERE UNSPECIFIED CASUALTIES, THE AP REPORTS
Housing starts and building permits tumble much more than expected in August, signaling further weakness in housing sector.
Housing starts and building permits tumble much more than expected in
August, signaling further weakness in housing sector.
Tuesday, September 16, 2008
In a stunning turn, Fed says it will loan up to $85B to AIG to avoid 'disorderly failure' - U.S. to get 79.9% of troubled insurer.
In a stunning turn, Fed says it will loan up to $85B to AIG to avoid
'disorderly failure' - U.S. to get 79.9% of troubled insurer.
Breaking News: Fed holds interest rates steady
Federal Reserve policymakers on Tuesday decided that inflation is more
of a threat than recession or financial meltdown; they left their target
for the key federal funds rate unchanged at 2%.
Breaking News: Goldman Sachs net income plunges 70%
NEW YORK(Reuters)- Goldman Sachs Group said Tuesday that third-quarter
earnings plunged 70% as a market slump weighed on banking and trading
results.
Goldman Sachs revenue, earnings fall sharply; shares down in pre-market trades
Goldman Sachs revenue, earnings fall sharply; shares down in pre-market
trades
9/16/2008 8:23:18 AM
U.S. consumer prices down 0.1% in August
U.S. consumer prices down 0.1% in August
9/16/2008 8:32:37 AM
Monday, September 15, 2008
NY Gov. Paterson says state will effectively lend AIG $20 billion and urges Fed to step up as well.
NY Gov. Paterson says state will effectively lend AIG $20 billion and
urges Fed to step up as well.
Lehman Brothers files for bankruptcy protection
Lehman Brothers files for bankruptcy protection
9/15/2008 8:00:02 AM
U.S. industrial production plunges; decline is steepest since Hurricane Katrina
U.S. industrial production plunges; decline is steepest since Hurricane
Katrina
9/15/2008 9:16:47 AM
News Alert! Dow Drops 300 At Open On Lehman News
The Dow Jones Industrials fell more 300 points at the opening, reacting
to bad news about Lehman Brothers and Merrill Lynch.
Sunday, September 14, 2008
Fed to boost lending to banks by accepting broader set of collateral - aims to 'mitigate the potential risks' facing markets.
Fed to boost lending to banks by accepting broader set of collateral -
aims to 'mitigate the potential risks' facing markets.
Bank of America, Merrill Lynch in merger talks: Wall Street Journal
Bank of America, Merrill Lynch in merger talks: Wall Street Journal
9/14/2008 4:15:11 PM
