Saturday, November 15, 2008
G-20 leaders emerge from summit - call for tougher rules for banks, series of measures in early '09 to stabilize global markets.
G-20 leaders emerge from summit - call for tougher rules for banks,
series of measures in early '09 to stabilize global markets.
Friday, November 14, 2008
European Union says the 15 countries that use the euro are in recession.
European Union says the 15 countries that use the euro are in recession.
Germany, Italy drag euro area into recession during third quarter
Germany, Italy drag euro area into recession during third quarter
11/14/2008 5:01:20 AM EDT
Breaking News: Retail sales take record dive
Retail sales slumped 2.8% last month to a seasonally adjusted $363.7
billion, the largest decline since the data series began in 1992.
Breaking News Fri., November 14, 2008
Retail Sales Drop 2.8 Percent in October, Exceeding Previous Record
Set in November, 2001 [9:04 a.m. ET]
Freddie Mac reports $25 billion quarterly loss - says government will pump $13.8 billion into troubled mortgage-insurance giant.
Freddie Mac reports $25 billion quarterly loss - says government will
pump $13.8 billion into troubled mortgage-insurance giant.
Thursday, November 13, 2008
Initial jobless claims top 500,000, highest in over seven years
Initial jobless claims top 500,000, highest in over seven years
First-time filings for state unemployment benefits hit their highest
level since September 2001 in the latest week, rising to 516,000 in
another sign of a struggling labor market, U.S. data show.
MORTGAGE APPLICATIONS UP 11.9% LAST WEEK AS RATES FALL: MBA
With consumers taking advantage of lower mortgage rates, mortgage
applications filed last week rise a seasonally adjusted 11.9% from the
prior week, Mortgage Bankers Association data show.
INTEL WARNING DRAWS MIXED VIEW FROM WALL STREET
Intel draws a mixed reaction from Wall Street after slashing its
revenue forecast for the fourth quarter due to a drop in PC demand
caused by the slowing economy.
WAL-MART'S NET RISES 10% ON INVENTORY CONTROL, VALUE MESSAGE
Wal-Mart's third-quarter profit rises 10%, helped by inventory control
and a value message that's won new and repeat shoppers worried about
the economy, financial results show. The blue-chip retailer also
tightens its projected range for full-year profit.
CHINA'S OCT. INDUSTRIAL GROWTH FALLS TO 2001-LOWS
China's industrial production growth decelerated
more than expected in October, raising concerns the nation's
export-driven boom could be running out of steam, and highlighting the
need for Beijing to step up measures to bolster domestic consumption.
Breaking News: Jobless claims rocket to 7-year high
WASHINGTON - The number of newly laid-off individuals seeking
unemployment benefits unexpectedly jumped last week to its highest
level since after the Sept. 11 terrorist attacks. Analysts had
foreseen just a slight increase.
Initial U.S, jobless claims at highest level since Septembe...
Initial U.S, jobless claims at highest level since September 2001
11/13/2008 8:39:07 AM EDT
Wednesday, November 12, 2008
House to consider new $25 billion loan for auto industry: Rep. Frank
Date: Wed, Nov 12, 2008 at 12:17 PM
House to consider new $25 billion loan for auto industry: Rep. Frank[3:15:11 PM EDT]
Paulson: Bailout priorities now include investments in non-bank financial firms and a push for private capital to match U.S. funds.
Paulson: Bailout priorities now include investments in non-bank
financial firms and a push for private capital to match U.S. funds.
Tuesday, November 11, 2008
Shares of troubled automaker General Motors close below $3 for first time since 1946 as calls for government bailout grow.
Shares of troubled automaker General Motors close below $3 for first
time since 1946 as calls for government bailout grow.
U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners – streamlining process for offering affordable mortgages.
U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners
– streamlining process for offering affordable mortgages.
Monday, November 10, 2008
American Express gets Fed approval to become bank-holding company
American Express gets Fed approval to become bank-holding company
6:30:47 PM EDT
Energy: China stimulus lifts Europe stocks; HSBC, Santander fall
European shares advanced on Monday, with commodity producers in the
lead after China unveiled a massive economic stimulus package over the
weekend.
In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and set up two lending programs to ease 'liquidity pressures.'
In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and
set up two lending programs to ease 'liquidity pressures.'
Circuit City, the nation's second-largest electronics retailer, files for Chapter 11 bankruptcy.
Circuit City, the nation's second-largest electronics retailer, files
for Chapter 11 bankruptcy.
Sunday, November 09, 2008
Energy: China lifts wraps on stimulus package
China unveils an economic stimulus package worth over half a trillion
dollars in an effort to reverse slowing economic growth in the world's
most populous country.
