Reuters - Oil fell on Wednesday as U.S. government data showed supplies rising and global markets awaited a U.S. Senate vote on the financial sector rescue package.
Reuters - IBM shares tumbled 6 percent on Wednesday, their biggest drop in three years, on concern the world's biggest computer services company's results missed Wall Street targets in the quarter that ended Sept 30.
Reuters - French Economy Minister Christine Lagarde denied on Wednesday that France was planning a 300 billion euro ($424.4 billion) EU bank rescue package.
Reuters - A revised $700 billion U.S. financial bailout plan is significantly more likely to pass Congress, the White House said Wednesday, as European leaders scrambled to agree on their own bank rescue package.
Reuters - Stocks fell in choppy trading on Wednesday as tight credit markets and U.S. jobs weakness kept investors on edge before a Senate vote on a revamped rescue plan for the financial sector.
Reuters - General Motors Corp said on Wednesday that U.S. light vehicle sales fell 16 percent in September to 282,806 units, pressured by the sharp downturn in demand for light trucks.
Reuters - Wal-Mart Stores Inc is cutting prices on popular toys and ramping up the opening of Christmas shops in its U.S. stores as the retailer tries to win sales from cash-strapped shoppers ahead of what could be the worst holiday season in 17 years.
Reuters - President George W. Bush on Tuesday signed into law a mammoth spending bill to keep the government running until early March 2009 that includes a $25 billion loan package for troubled automakers.
CQPolitics.com - Monday's stunning drop in the major stock indexes could bolster the case for moving the financial bailout package. But on Tuesday, stocks recovered some of their losses, as bargain hunters looked for good deals. -- read full article
Tue, 30 Sep 2008 22:52:17 GMT - Yahoo! News: Business
Reuters - U.S. securities regulators on Tuesday gave the financial industry a reprieve from marking hard-to-value assets down to fire sale prices, throwing a lifeline to an industry beset by strained credit markets and the latest round of bank failures.
Reuters - Swiss authorities are expected to hand over confidential data on wealthy American clients of UBS to the U.S. Justice Department, the New York Times reported on Wednesday, citing people briefed on the matter. -- read full article
Wed, 01 Oct 2008 07:59:20 GMT - Yahoo! News: Business
Reuters - Miner Xstrata Plc dropped plans for a $10 billion takeover bid for No. 3 platinum producer Lonmin Plc on Wednesday due to financing difficulties linked to the global credit crunch, sending Lonmin's share price plummeting. -- read full article
Wed, 01 Oct 2008 08:06:31 GMT - Yahoo! News: Business
Reuters - A revamped financial rescue plan aimed at restoring market confidence faces a vote by the Senate late on Wednesday, reviving hopes that the lawmakers can turn the tide in the global banking crisis.
AP - With the holiday shopping season about to start, consumer confidence is hovering near the lowest it's been since President Bush's father was commander in chief. It may dip more as Americans open their 401(k) statements and see how much they've lost in the last few weeks.
