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Archive for 'finance'

Oil prices bounce back

October 9, 2008

Oil prices rebounded above $91 a barrel Tuesday, a day after plunging to an 8-month low on concerns a significant slowdown in global economic […]

finance - Comments closed

Congress gets $700 billion financial bailout plan

September 20, 2008

The Bush administration sent a $700 billion financial markets rescue plan to Congress on Saturday where Democrats are looking to add aid for distressed […]

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Jobless claims on the rise

September 19, 2008

The number of out-of-work Americans who signed up for jobless benefits rose last week, the government reported Thursday, surprising economists who expected fewer claims.
The […]

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Central banks labor to calm markets in Lehman storm

September 15, 2008

Central banks mobilized worldwide on Monday to reassure financial markets after Lehman Brothers filed for bankruptcy protection and news that Merrill Lynch, another Wall […]

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Bank of America to buy Merrill for $50 billion

Bank of America Corp said it agreed to buy Merrill Lynch & Co Inc in an all-stock deal worth $50 billion, snagging the world’s […]

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Clear Channel banks ask for delay in Texas trial

April 30, 2008

Clear Channel Communications Inc (CCU.N: Quote, Profile, Research) said a Texas court on Monday dismissed a request by a group of banks to delay […]

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$19 bln write-down? No problem, stock investors say

April 2, 2008

Investors have grown so inured to calamitous reports about global credit markets that they have taken to spinning fresh bouts of bad news into […]

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Shares slip as surge in oil prices erases 157-point Dow rally

February 21, 2008

new york — Stocks fell on Tuesday after oil’s surge above $100 a barrel dragged down consumer and technology shares, erasing a 157-point rally […]

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Manufacturing activity rebounds

February 5, 2008

A key index of manufacturing activity registered stronger-than-expected growth in January, according to a survey of purchasing managers in that sector released Friday.
The […]

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State budget could lose $9 billion

January 11, 2008

Faced with a $14 billion state budget shortfall over the next 18 months, Gov. Arnold Schwarzenegger on Thursday proposed a breathtaking menu of spending cuts […]

USA, budget, business, finance, mortgage, news - Comments closed