Reuters - Stocks fell sharply on Monday as
credit concerns hounded financial stocks and global growth
worries hurt big technology and industrial companies.
Reuters - Sales of previously owned U.S. homes
ticked higher in July thanks to lower prices, but record
inventory suggested the battered housing market is unlikely to
recover soon, a trade group report showed on Monday.
Reuters - Two of the biggest U.S. bond investors
said they would get involved in a capital raising by Fannie Mae
and Freddie Mac as long as the U.S. Treasury
participates in the new deals. -- read full article
Mon, 25 Aug 2008 18:42:45 GMT - Yahoo! News: Business
Reuters - Boeing Co. offered its largest
workers' union wage increases and other incentives for a new
labor contract, but the union called the proposals "insulting"
and stepped up its threat to go on strike in early September.
Reuters - A top regulator on Monday voiced concern
about state-run Korea Development Bank's (KDB) interest in
buying a global bank, saying it should be just a "cheerleader"
and let local private banks take the lead in any such purchase. -- read full article
Mon, 25 Aug 2008 08:03:29 GMT - Yahoo! News: Business
Reuters - French biotechnology firm Nicox
said on Monday U.S. partner Pfizer had decided not to
launch Phase III studies in Asia of an experimental treatment
of glaucoma and ocular hypertension.
Reuters - U.S. auto makers are expected to report big
declines in August domestic sales despite stepped-up
incentives, the Wall Street Journal said citing a report by
J.D. Power & Associates.
Reuters - U.S. companies would be able to file
financial results using international accounting standards
according to a timetable U.S. securities regulators will
propose next week. -- read full article
Fri, 22 Aug 2008 18:28:23 GMT - Yahoo! News: Business
Reuters - What should be a holiday lull of a
week looks set to be anything but, with Wall Street on high
alert for the latest twists and turns in the credit crisis,
more volatility in commodity prices and key developments in the
race for the White House.
Reuters - U.S. Federal Reserve
Chairman Ben Bernanke's suggestion that financial supervision
be revamped to take into account the health of the entire
system is a logical response to recent market turmoil, but may
be a difficult concept to execute.
Reuters - U.S. consumer spending
will tail off as the effects of government rebates to taxpayers
wear off, hurting economic growth in the second half of the
year, the director of the Congressional Budget Office said on
Saturday. -- read full article
Sat, 23 Aug 2008 22:57:54 GMT - Yahoo! News: Business
Reuters - The Australian government approved on
Sunday the purchase of up to 14.99 percent of the shares in Rio
Tinto Ltd by China's state-owned Aluminium Corp of China
(Chinalco).
Reuters - European Central Bank
President Jean-Claude Trichet on Saturday defended central bank
responses to the financial turmoil that has roiled global
markets for the past year and warned the storm is not over.
Reuters - A towering grizzly bear
guards the doorway to the Federal Reserve's annual policy
retreat in this Teton Mountain resort, serving a reminder to
central bankers of the battle to sooth the credit crunch.
Reuters - The Federal Reserve's decision to cut
interest rates in response to the U.S. financial market crisis
of the past year is a bad mistake that will lead to higher
inflation, a former Bank of England official said on Saturday.
