As the leading distiller in the large and lucrative US market, the recent plunge in the US dollar threatens to cause Diageo a hangover. The company - whose spirits brands include Smirnoff vodka, Johnnie Walker whisky, and Captain Morgan's rum - made As the leading...
When editor Joseph Granville advised his 11,000 subs to sell, their actions contributed heavily to the sharp 23.8 plunge in the Dow Jones on January 7, according to financial observers. When editor Joseph Granville advised his 11,000 subs to sell, their actions contributed heavily...
Nothing says forgiveness like a plunge into the Chicago River; or so Allstate Corp. would like people to think. As part of a new advertising campaign, the Northbrook, Ill.-based auto insurer dangled an automobile off the 17th floor of one of the f ...
WASHINGTON -- Senate Democrats and Republicans have agreed to hold a vote today on a $700 billion financial-rescue plan amid evidence voters and lawmakers regretted Monday's U.S. House vote to kill the bailout. Supporters of the multibillion-dollar economic rescue plan fought to bring it back to life...
NEW YORK -- Oil prices swung back above $100 a barrel Tuesday following a precipitous plunge a day earlier, with a growing consensus among investors that Congress will resurrect a failed U.S. financial bailout plan. Light, sweet crude for November delivery rose $4.27 to settle at $100.64...
Stock markets Stocks made up early losses to close slightly higher on the day as investors snapped up shares beaten down by dismay over US lawmakers' rejection of the Paulson plan. The Hang Seng index plunged as much as 6 per cent in early trading but...
Halifax stock plunges 14 per cent amid speculation that Lloyds TSB will renegotiate offer LLOYDS TSB is coming under increasing pressure to attempt to renegotiate its planned takeover of HBOS as leading shareholders press it on the widening difference between the value of its offer for...
*Presidential campaign dominated by economy THE AMERICAN presidential hopefuls John McCain and Barack Obama were reeling last night and uncertain how to respond to the US economic crisis after Congress scuppered the $700bn (388bn) bailout bill that both candidates had backed. As the...
Stock markets Shares plunged 4.3 per cent as traders remained cautious about the US bailout of its ailing financial industry. The Hang Seng fell 801.4 to 17,880.7. Dutch-Belgian bank and insurer Fortis's need for a cash infusion and higher local mortgage rates also hit sentiment. Chinese...
Stock markets The Dow industrials plunged to its biggest one-day point drop ever after US lawmakers rejected a $700bn financial bailout, spooking investors. The Dow lost 778 points, or 7.0 per cent, to close at 10,365.45 - its biggest daily percentage decline since the October 1987...
Briefing MORTGAGE LENDING plunged to its lowest level on record last month as the balance sheets of British banks contracted at an almost unprecedented rate. Only 32,000 mortgages were approved in August, while the total assets of the UK banking system fell 6.4 per cent. Net...
Buyout offers and some pleasant surprises for earnings helped East Bay stocks out-perform the national and Bay Area stock indices during a largely grim third quarter for investors that was haunted by the mortgage meltdown and credit crunch. By the time the July-September quarter had ended on...
TOKYO -- The historic carnage on Wall Street reverberated across Asia today, with stock markets in the region plunging after U.S. lawmakers rejected a $700 billion bank rescue plan aimed at stabilizing the U.S. financial system. All major Asian stock markets in the region tumbled across the...
WASHINGTON -- In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow...
After shares of Constellation Energy Group Inc. plunged 40 percent Monday on the basis of an Internet report that the company could file for bankruptcy, a source close to the firm called the story "absolutely false." Constellation's stock price dropped as low as $15 during trading Monday,...
BAGHDAD -- Iraq's prime minister sought safeguards Sunday for small religious communities in this mainly Muslim country as Christians protested parliament's decision to stop setting aside seats for minorities on provincial councils. In Baghdad, a series of explosions struck mostly Shiite areas, killing at least 32 people...
*Belgian government promises 100% security as share price plunges and new chief is appointed to stabilise debt-laden group The credit crunch seems poised to claim its first major eurozone victim this week. The Belgian-Dutch financial group Fortis, which specialises in banking and insurance, may sell itself...
As the autumn sunlight streams through creamy Roman blinds, nine women tuck themselves into comfy chairs or settle on Elizabeth Fishel's cozy couch to talk about life, love and literary pursuits. But while the scenario sounds a lot like a book club, the writing they're discussing is their own. ...
The resurrected bailout plan does not appear to help foreclosure- imperiled home owners in any direct fashion and will likely not stem the tide of mortgage defaults. Some analysts say the deal does little to address the root cause of the financial crisis: the plunge in home values. We talk...
AMID the Wall Street carnage, let me step aside and look at three market strategies that may be popular and look appealing but are not suitable for everyday conservative investors. Here's a quick rundown: -- Shorts take a shot: The upside-down strategy of short selling is the...
Articles 2008-09-29
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