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Wachovia: No shareholder vote on Wells deal

Posted by neophyteblogger 1325 days ago, popular 1322 days ago (http://www.bizjournals.com)
Category: Economy | Tags: wachovia wells fargo
Wachovia Corp. says securing shareholder approval of its pending acquisition by Wells Fargo & Co. “would seriously jeopardize the financial viabili[...] read more »
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Bush Says Nations Must Act Together to Solve Crisis

Posted by neophyteblogger 1325 days ago, popular 1323 days ago (http://www.bloomberg.com)
Category: Economy | Tags: bush economic crisis
President George W. Bush said economic upheaval is affecting people around the world and governments must be sure not to contradict or interfere with[...] read more »
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For stocks, high anxiety rules

Posted by neophyteblogger 1323 days ago, popular 1323 days ago (http://www.reuters.com)
Category: Stocks | Tags: us stocks wall street
Anxiety on Wall Street won't subside this week as the deepening credit crunch pushes the global economy into recession, but steps being taken by gov[...] read more »
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Wells Fargo's $12 Billion Bid Wrests Wachovia From Citigroup

Posted by neophyteblogger 1326 days ago, popular 1325 days ago (http://www.bloomberg.com)
Category: Economy | Tags: citigroup wells fargo
Wells Fargo & Co. will become the largest U.S. bank by branches with an $11.7 billion offer for ailing rival Wachovia Corp. that trumped a competing [...] read more »
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Apple Likely to Unveil New Laptops

Posted by neophyteblogger 1326 days ago, popular 1325 days ago (http://online.wsj.com)
Category: Tech | Tags: apple new laptop
Apple Inc. next week is expected to unveil new laptop computers -- including a model that sets a new low price point for the company -- as it sets it[...] read more »
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Market's 7-Day Rout Leaves U.S. Reeling

Posted by neophyteblogger 1326 days ago, popular 1325 days ago (http://online.wsj.com)
Category: Economy | Tags: dow jones market down usa
Stocks fell for the seventh straight trading day on Thursday, continuing what amounts to a slow-motion crash that has pulled the market down more tha[...] read more »
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Ford to Triple Job Cuts at Volvo Cars on Demand Slump

Posted by neophyteblogger 1328 days ago, popular 1326 days ago (http://www.bloomberg.com)
Category: Economy | Tags: ford job cut
Ford Motor Co.'s Volvo subsidiary tripled its planned job cuts to 6,000 positions, citing a ``rapidly deteriorating'' global car market.
Volvo [...] read more »
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Bernanke Fails to Calm Investors Asking for Rate Cuts

Posted by neophyteblogger 1328 days ago, popular 1327 days ago (http://www.bloomberg.com)
Category: Economy | Tags: federal reserve investorrs rate cuts
Federal Reserve Chairman Ben S. Bernanke's message of readiness to cut interest rates failed to assuage investors clamoring for immediate action to [...] read more »
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Fed Will Lend Directly to Corporations

Posted by neophyteblogger 1328 days ago, popular 1327 days ago (http://online.wsj.com)
Category: Economy | Tags: feds bailout
The Federal Reserve said it will bypass ailing banks and lend directly to American corporations for the first time since the Great Depression, and it[...] read more »
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European Crisis Deepens; Officials Vow to Save Banks

Posted by neophyteblogger 1330 days ago, popular 1330 days ago (http://www.bloomberg.com)
Category: Economy | Tags: bnp paribas
The global credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors. BNP Paribas SA will take[...] read more »
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California officials hope for easing of credit crunch

Posted by neophyteblogger 1332 days ago, popular 1331 days ago (http://www.latimes.com)
Category: Economy | Tags: california bailout
With the bailout approved, the state is hoping it can sell bonds rather than have to appeal to the U.S. for a $7-billion loan. But there are few sign[...] read more »
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Apple shares fall on false report of Steve Jobs' death

Posted by neophyteblogger 1332 days ago, popular 1331 days ago (http://www.latimes.com)
Category: Stocks | Tags: apple steve jobs
Apple Inc. investors experienced palpitations Friday after an apparently false report that Chief Executive Steve Jobs had had a heart attack sent sha[...] read more »
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Bush, other bailout supporters push for House approval

Posted by neophyteblogger 1334 days ago, popular 1333 days ago (http://www.usatoday.com)
Category: Economy | Tags: bush bailout
With the House expected to try again Friday to pass a financial rescue package, President Bush and other supporters are lobbying Thursday for the vot[...] read more »
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Hedge funds plead with U.S. SEC to let short ban expire

Posted by neophyteblogger 1334 days ago, popular 1333 days ago (http://www.reuters.com)
Category: Economy | Tags: hedge funds hedge funds usa
Lobbyists for the $2 trillion (1.2 trillion pounds) hedge fund industry made a last ditch effort on Wednesday to convince U.S. securities regulators [...] read more »
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Jobless claims at 7-year high

Posted by neophyteblogger 1334 days ago, popular 1333 days ago (http://money.cnn.com)
Category: Economy | Tags: dept of labor jobless americans
The number of out-of-work Americans filing new claims for unemployment insurance rose last week to a 7-year high, according to a government report re[...] read more »
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