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| Economy - Monday
(Investor's Business Daily)
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| Investor's Business Daily - The Federal Reserve and the SEC formally agreed to share information about commercial and investment banks. Regulators want to beef up oversight of Wall St. firms, especially now that the Fed has started letting brokerages borrow directly from the central bank since Bear Stearns' mid-March near-collapse. The Fed has oversight of bank and financial holding companies, while the SEC regulates securities firms, including brokerage giants Goldman Sachs , Lehman Bros. , Merrill Lynch and Morgan Stanley . -- read full article |
| Mon, 07 Jul 2008 22:55:40 GMT - Yahoo! News: Business |
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| Siemens to cut 16,750 jobs
(Reuters)
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| Reuters - German industrial conglomerate
Siemens AG (SIEGn.DE) plans to slash almost 17,000 jobs
worldwide to speed up cost savings and boost margins as it
prepares for a global economic downturn.
-- read full article |
| Tue, 08 Jul 2008 16:05:23 GMT - Yahoo! News: Business |
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| Oil slumps on easing storm worry and dollar
(Reuters)
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| Reuters - Oil tumbled more than $5 on Tuesday,
pushing losses so far this week to about $10, as forecasters
said an Atlantic hurricane would steer clear of offshore oil
platforms and the greenback gained against other currencies.
-- read full article |
| Tue, 08 Jul 2008 18:40:32 GMT - Yahoo! News: Business |
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