Stock markets A stock market gaining confidence in the US financial system bolted higher, propelling the Dow Jones to its first four-day advance since last spring. The market was heartened by President- elect Barack Obama pledging he would have a plan to deal with the nation's...
CHICAGO -- President-elect Barack Obama sought to reassure the nation and nervous holiday shoppers about the ailing economy Wednesday as beleaguered stores braced for their most important month of the year. "Help is on the way," he proclaimed at his third news briefing on the economy this...
WASHINGTON -- Wall Street finally has something to be thankful for. A set of economic reports out Wednesday were predictably gloomy, but the stock market continued its winning streak. The Dow Jones industrials rose 247 points, the first time since April 15-18 there were four straight days...
CHICAGO -- Citing an "economic crisis of historic proportions," President-elect Barack Obama urged Congress to pass a costly, job- creating stimulus bill as quickly as possible, a rare pre-inaugural call to action delivered as the outgoing Bush administration approved fresh billions to bail out one of the nation's largest banks....
FOOD AND BEVERAGE CLOSE-UP-25 November 2008-Dow Jones Food & Beverage Titans 30 Index Changes ComponentsC2008 - CloseUpMedia - newsdesk@closeupmedia.com Dow Jones Indexes, a global index provider, announced component changes in the Dow Jones Food & Beverage Titans 30 Index. In the Dow Jones Food & Beverage...
* Package of support halts share slide at bank that holds $306bn in toxic assets THE US government made a drama-tic intervention yesterday to salvage Citigroup, once the world's largest bank, by pledging to invest $20bn (13bn) and to guarantee against losses from toxic assets at...
NEW YORK -- The government's plan to bail out Citigroup sent Wall Street soaring Monday for the second straight session as investors hoped that the worst of the financial industry's problems might finally be over. The Dow Jones industrials surged nearly 400 points, and all of the major indexes jumped...
Dow Jones VentureSource Finds $3.29 Billion Invested Year-to-Date with Record Investment in Business & Financial Services, Consumer Services, Consumer Goods BEIJING and SHANGHAI, China, Nov. 24 /PRNewswire-FirstCall/ -- Venture capitalists continue to invest in Mainland China with $964 million put into 59 deals during the third quarter,...
GREENWICH, Conn. -- United Rentals, Inc. (NYSE:URI) today announced that it has appointed William B. Plummer as Chief Financial Officer, effective December 1, 2008. Mr. Plummer brings more than two decades of financial leadership experience to United Rentals, most recently as Chief Financial Officer of Dow Jones &...
NEW YORK -- President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said. If confirmed by the Senate, Geithner, 47, president of the New York Federal Reserve,...
Briefing RETAIL Lee Scott has stepped down as the chief executive of Wal- Mart, the world's biggest retailer, after nine years. He leaves on a high, with the discount retailer hailed as the only stock in the Dow Jones Industrial Average to be up on the...
Recession fears hit corporate debt US stock market spirals to 11- year low INVESTORS STAMPEDED into US government debt yesterday, viewing it as the only safe haven from a new round of losses in the rest of the credit markets and another plunge by...
Market Report On a day of nothing but pain for the markets in London, traders were feeling anxious and self-reflective. As the life insurers, miners and oil firms sent the blue chips sprawling, those on the floor were more preoccupied over where the job cuts were...
Business in brief Stocks plunged again as a frantic flight from risk prompted by deepening economic fears drove the S&P 500 to its lowest level since 1997. The latest leg down was led by banks, commodity producers and car makers. In the energy...
WASHINGTON -- The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry. ...
WASHINGTON -- Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out. The economic picture was only getting worse, if...
Stock markets Stocks plunged to their lowest since 2003 as investors girded for a lengthy downturn and automotive executives predicted a calamity without a government lifeline. General Motors fell to the lowest in 66 years and Ford hit a 26-year low. The Fed slashed its economic...
WASHINGTON -- A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white- knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial meltdown began. Consumer prices in October...
CHICAGO -- Today's edition of "Options News," the early-morning look at market news and options action from www.ONN.tv, discusses the market's next move after the Dow Jones Industrial Average DJIA breached the 8,000 mark on Wednesday. Reporting from the Las Vegas Trader's Expo, "Options News" host Carrie Long...
Articles 2008-11-20
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