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OPEC Says It Will Cut Oil Output

Posted by neophyteblogger 1310 days ago, popular 1309 days ago (http://www.nytimes.com)
Category: Economy | Tags: cut oil production opec
Stung by what it called “a dramatic collapse” in crude prices, the OPEC cartel said on Friday that it would reduce output by a steeper-than-expected [...] read more »
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Fed questions counterparties about Citadel: report

Posted by neophyteblogger 1310 days ago, popular 1309 days ago (http://www.reuters.com)
Category: Stocks | Tags: citadel wall street
Examiners with the Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment G[...] read more »
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Asia, Europe Leaders Urge More Finance Rules Before Bush Summit

Posted by neophyteblogger 1310 days ago (http://www.bloomberg.com)
Category: Economy | Tags: bush summit
Asian and European leaders called for an overhaul of World War II-era banking rules, lending support to French President Nicolas Sarkozy as he pushes[...] read more »
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IMF Clears Strauss-Kahn of Wrongdoing in Affair With Staffer

Posted by neophyteblogger 1310 days ago (http://www.bloomberg.com)
Category: Funds and ETFs | Tags: imf strauss-kahn
The International Monetary Fund cleared its chief, Dominique Strauss-Kahn, of any wrongdoing in connection with his relationship with a female employ[...] read more »
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Pfizer, Schering, Roche Beat Estimates as Global Sales Rise

Posted by neophyteblogger 1314 days ago (http://www.bloomberg.com)
Category: Economy | Tags: increased revenue pfizer roche
Pfizer Inc. and Schering-Plough Corp. beat analysts' estimates in the third quarter as operations outside the U.S. offset reduced sales of their cho[...] read more »
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National City to cut 4,000 jobs

Posted by neophyteblogger 1315 days ago (http://www.reuters.com)
Category: Economy | Tags: national city job cut
National City Corp, a U.S. Midwest regional bank hard hit by the credit crisis, on Tuesday announced plans to slash 4,000 jobs and said rising reserv[...] read more »
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Kerkorian Cuts Ford Stake, May Exit as $1 Billion Bet Collapses

Posted by neophyteblogger 1315 days ago (http://www.bloomberg.com)
Category: Stocks | Tags: kirk kerkorian tracinda corp
Billionaire Kirk Kerkorian may sell his Ford Motor Co. stake after the $1 billion holding lost two- thirds of its value and put his firm's casino in[...] read more »
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Stock futures lower after previous session's rally

Posted by neophyteblogger 1315 days ago (http://ap.google.com)
Category: Stocks | Tags: us stocks wall street
Wall Street headed for a lower open Tuesday, a day after a big rally, as investors monitored gradually easing credit market conditions while sifting [...] read more »
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Fed Sets Up New Program to Buy Money-Fund Assets

Posted by neophyteblogger 1315 days ago (http://www.bloomberg.com)
Category: Economy | Tags: feds money-fund assets
The Federal Reserve will help finance purchases of up to $600 billion in assets from money- market mutual funds roiled by redemptions from investors [...] read more »
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Michigan Sweats GM-Chrysler Talks

Posted by neophyteblogger 1316 days ago (http://online.wsj.com)
Category: Economy | Tags: chrysler gm
A merger of General Motors Corp. and Chrysler LLC would land a heavy economic blow on Michigan, a state already battered by waves of home foreclosure[...] read more »
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Exelon Offers $6.2 Billion in Stock for NRG Energy, 37% Premium

Posted by neophyteblogger 1316 days ago (http://www.bloomberg.com)

| Tags: exelon nrg energy
Exelon Corp., the biggest U.S. operator of nuclear power plants, offered to buy NRG Energy Inc. for $6.2 billion in stock.
Exelon will pay $26.43[...] read more »
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The Netherlands to Provide $13 Billion to the ING Group

Posted by neophyteblogger 1316 days ago, popular 1315 days ago (http://www.nytimes.com)
Category: Economy | Tags: ing group netherlands
The Dutch government said Sunday that it would inject 10 billion euros into the bank ING Group after it became the latest victim of the global financ[...] read more »
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China Jan-Sept GDP up 9.9 pct, global slowdown seen hurting growth

Posted by neophyteblogger 1316 days ago (http://www.forbes.com)
Category: Economy | Tags: china economic slowdown
China's economy maintained 'steady and fast' growth in the first nine months of 2008, with GDP rising 9.9 pct, but the current volatility in the g[...] read more »
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Banking: From Bad To Worse?

Posted by neophyteblogger 1320 days ago (http://www.forbes.com)
Category: Economy | Tags: jpmorgan treasury department
JPMorgan Chase Chief Executive James Dimon plans to use the bank's $25 billion injection of capital from the Treasury Department to extend credit to[...] read more »
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Fed chief warns not to expect rapid recovery

Posted by neophyteblogger 1320 days ago (http://www.ft.com)
Category: Economy | Tags: bernanke federal reserve
Even if the US government's rescue plan succeeds in stabilising the financial markets, it will not produce a rapid turnround in the economy, Ben Ber[...] read more »
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