AP - The dollar's rebound and oil's tumble breathed some serious optimism into Wall Street last week. But no one knows for sure yet whether the two trends are truly antidotes for what's been ailing the stock market.
Reuters - Households consider it more likely
than ever that their stock holdings will fall in value over the
next year, a survey released on Friday said. -- read full article
Fri, 08 Aug 2008 13:49:00 GMT - Yahoo! News: Business
Reuters - Iran and Algeria are expected to discuss
the formation of an OPEC-style gas group during a visit by
Algerian President Abdelaziz Bouteflika to Tehran, Iran's
ambassador to Algeria said in remarks published on Sunday.
Reuters - Short trading in 19 major U.S.
financial stocks will revert to rules governing other shares on
Wednesday as a Securities and Exchange Commission experiment
against abusive short selling expires. -- read full article
Sun, 10 Aug 2008 17:08:26 GMT - Yahoo! News: Business
Reuters - Wall Street may extend its push for
recovery this week as investors bet that a further drop in oil
prices will restrain inflation and boost prospects for profit
growth.
Reuters - U.S. Treasury Secretary Henry
Paulson said in an interview aired on Sunday he had no interest
in staying in his post beyond January when a new administration
takes office.
Investor's Business Daily - 1 AIG's 18% dive on its big Q2 loss rattled the sector, which got worse after Moody's said it might cut American Express' debt ratings. The Dow sank 1.9%, the S&P 500 1.8%, the Nasdaq 1%. Volume rose on the NYSE but fell on the Nasdaq. Retail stocks fell on July sales. The 10-year Treasury yield fell 12 ticks to 3.92%. -- read full article
Thu, 07 Aug 2008 23:03:46 GMT - Yahoo! News: Business
Reuters - Continental is considering
buying a peer company as part of its defense against a hostile
11.3 billion euro ($17 billion) bid from Schaeffler Group, the
Financial Times reported on Saturday. -- read full article
Sat, 09 Aug 2008 11:36:11 GMT - Yahoo! News: Business
Reuters - A banking group has renewed its plea
to the Securities and Exchange Commission to broaden a rule
aimed at curbing abusive short selling and market manipulation.
Reuters - U.S. stocks soared on Friday rounding
out their best week in more than three months, as oil plunged
below $115 a barrel, easing inflation concerns and improving
prospects for business and consumer spending.
Reuters - Wachovia Corp , the
fourth-largest U.S. bank, will stop making mortgage loans
through its branch offices in 19 U.S. states, a published
report said. -- read full article
Fri, 08 Aug 2008 23:48:04 GMT - Yahoo! News: Business
Reuters - Google Inc and Yahoo Inc
released on Friday excerpts of a pact covering their
search advertising partnership that keeps secret financial
terms and the extent of other ties between the two.
Reuters - Bank of America Corp , the
largest U.S. retail bank, said on Thursday it received
subpoenas and requests for information relating to auction-rate
securities from federal and state government agencies.
