AP - Wall Street ended another tumultuous session with a sizable gain Tuesday, partly recovering from its worst sell-off in years after the Federal Reserve said it was keeping interest rates steady. Speculation that troubled insurer American International Group Inc. might come up with a much-needed cash injection made room for many financial stocks to rally.
Reuters - U.S. stocks rebounded on Tuesday,
clawing back a day after their biggest drop in seven years on
growing optimism that U.S. authorities may finance a rescue of
insurer American International Group .
AP - Another day, another bailout. The U.S. government stepped in Tuesday to rescue American International Group Inc., one of the world's largest insurers, with an $85 billion injection of taxpayer money.
Reuters - A U.S. banking group is pressing
securities regulators to clamp down on illegal short-selling
after weeks of heavy selling pressure on shares of financial
companies.
AFP - A rally on Asian stock markets triggered by a massive US rescue plan for insurance giant American International Group (AIG) lost steam Wednesday as worries crept back over the US financial crisis, brokers said.
AFP - The London stock market climbed 0.25 percent in opening trading on Wednesday, after the US Federal Reserve announced a rescue package for American insurance giant AIG.
AFP - The share price of bank HBOS tumbled by 35 percent in early morning trade here on Wednesday, dragging London's FTSE 100 leading shares index back into negative territory.
AP - Asian stock markets partly recovered Wednesday after the U.S. government announced a $85 billion plan to bail out troubled insurance giant American International Group Inc.
AFP - The US Federal Reserve pumped 85 billion dollars into AIG to stop the US insurance giant joining the Wall Street scrap heap, but stock markets were on edge on persistent fears over financial groups.
AFP - Global equities tumbled for a second day running on Tuesday as anxious investors waited to see if US insurance giant AIG would suffer the same fate as bankrupt US investment bank Lehman Brothers.
AP - The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which domino would be next to fall.
AFP - London's FTSE 100 index of leading shares on Tuesday tumbled below 5,000 points for the first time in more than three years as global financial markets continued to suffer from the collapse of Lehman Brothers.
AFP - The FTSE index was down 3.43 percent to 5025.6 points as traders continued to react to the global panic caused by the bankruptcy of Lehman Brothers bank.
