AP - In the midst of historic volatility on Wall Street there is a continuing trend of blacks saving and investing less than whites, according to a survey released Wednesday. The difference is attributed to various social and cultural reasons such as getting less exposure to personal finance concepts and advice. -- read full article
Wed, 15 Oct 2008 04:27:35 GMT - Yahoo! News: Business
Reuters - Stocks fell on Tuesday as fears that the global economy may not avert recession slammed shares of technology and consumer companies, eclipsing a government rescue plan for banks.
Reuters - Technology bellwether Intel Corp posted a 12-percent rise in quarterly profit as the world's biggest computer chipmaker said demand, while uncertain, was holding up despite the global economic crisis.
Reuters - The U.S. budget deficit hit a record $455 billion in fiscal 2008 as a slowing economy sapped revenues while spending on wars, bank failures and unemployment-related benefits soared, the Treasury Department said on Tuesday.
Reuters - A pair of top Federal Reserve officials on Tuesday highlighted risks to the U.S. economy from the global credit crisis and liquidity squeeze, but did not hint at more interest rate cuts as a solution.
Reuters - Signs of renewed risk aversion surfaced on Wednesday with stocks pressured and gold rising as investors fret the global economy will not escape a recession even after bank bailouts, which have taken the edge off money market stress.
Reuters - European leaders will press on Wednesday for an overhaul of the world's financial structures after Asia joined western bastions of capitalism in bailing out banks to avert a financial meltdown.
Reuters - Best Buy, the world's top consumer electricals retailer, set out bold international growth plans on Tuesday, led by its European venture with Britain's Carphone Warehouse, despite a tough consumer outlook. -- read full article
Tue, 14 Oct 2008 17:25:23 GMT - Yahoo! News: Business
AFP - The London stock market rallied 2.65 percent to 4,369.55 points in initial trading on Tuesday as investors continued to cheer global government action aimed at rescuing banks crippled by the credit crunch.
Reuters - Wells Fargo & Co , which has agreed to buy Wachovia Corp , asked a federal court to void Citigroup Inc's earlier agreement to buy parts of the big North Carolina lender.
Reuters - (Reuters) Apple CEO Steve Jobs on Tuesday unveiled the latest line of MacBook notebook computers, offering an all-metal design, 3D graphics and LED backlit displays at prices up to $700 less than before.
Reuters - Bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confidence and share prices.
Reuters - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.
Reuters - Mid-tier retailer J.C. Penney Co Inc is expected to announce a new line of moderately-priced women's apparel later on Tuesday, the Wall Street Journal said.
