US STOCKS-Wall Street cuts gains on weak new home sales
Reuters - REFILE-US STOCKS-Market slips as housing worries weigh NEW YORK, Dec 28 (Reuters) - U.S. stocks pared gains on Friday after a report showed sales of new homes fell much more than expected in November. The Dow Jones industrial average <.DJI> was up 12
Auction home states Wall Street executive bought rare ‘Inverted
San Diego Union-Tribune - DALLAS – One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who purchased it slightly cheaper than the record price another “Inverted Jenny” copy fetched at auction last month. The rare 1918 24-cent stamp
European shrs turn positve as Wall St seen higher
Reuters - LONDON, Dec 28 (Reuters) - European shares turned positive on Friday, as U.S. stock index futures pointed to a higher oepn on the Wall Street. The pan-European FTSEurofirst 300 <.FTEU3> was up 0.1 percent at 1,510.2 points by 1256 GMT, well off its
London follows Wall Street lower
Financial Times - London equity markets were lower on Friday after US stocks traded lower throughout Thursday’s session, subdued by geopolitical tensions and high oil prices. The FTSE 100 fell 0.4 per cent to 6,471.4, while the mid-cap FTSE 250 lost 0.2 per cent to
The Five Dumbest Things on Wall Street This Year
Street.Com - To be included on a weekly list of the Five Dumbest Things on Wall Street is an achievement, but to be enshrined in the yearly list requires a true gift for the imbecilic gaffe, gesture or strategy. Any one of us, after all, can inadvertently do
Bhutto assassination upsets Wall Street
MSNBC - NEW YORK - Wall Street skidded Thursday after the assassination of Pakistani opposition leader Benazir Bhutto and after the Commerce Department’s durable goods orders exacerbated concerns about the economy. The major indexes at times lost more than 1
Swiss shares slightly higher, tracking Wall Street futures
CNBC - ZURICH (Thomson Financial) - Swiss shares moved slightly higher in quiet afternoon trade, recovering earlier losses as US futures point to gains in early Wall Street trade. At 12.50 pm, the Swiss Market Index was up 31.56 points at 8,549.75, while
Wall Street Journal Reporters Offer Tips on Saving Time and Money
The Ledger - As a weak housing market has mushroomed into a global credit crisis, few have been left untouched in one way or another. Home values shrank. Foreclosures soared. Lenders got tougher on all kinds of borrowing. Volatile financial markets have rattled
Stocks finish mixed as home sales drop
Columbus Dispatch - NEW YORK (AP) — Wall Street finished an erratic week narrowly mixed yesterday after a government report of a steep decline in new-home sales stirred concerns that weakness in housing will continue to dog the economy. The major indexes lost ground
Over take-out food, traders set Wall St.’s subprime debacle in
Buffalo News - Greg Lippman led the ‘Group of Five.’ Representatives of five of Wall Street’s dominant investment banks gathered around a blonde wood conference table on a February night nearly three years ago. Their speaks over take-out Chinese food led to
Philippine stock index drops 1.3 percent after fall on Wall Street
CNBC - MANILA, Philippines - Philippine shares slid Friday, the last day of local trading in 2007, as investors took profit after a sharp fall on Wall Street overnight. The main Philippine Stock Exchange Index fell 46.04 points, or 1.3 percent, to 3,621.60
Credit crisis in ‘08: At least there’s a plan
Seattle Times - NEW YORK — The credit crisis that walloped Wall Street this year shows no signs of abating in early 2008, but investors can take some comfort in the fact that the new year brings with it a battle plan. If the last half of 2007 is any indication
The Bull: What’s to Be Its Fate in ‘08?
Barron’s On the internet - GOLD COULD HIT $1,000 A troy ounce, sovereign wealth funds could purchase Iceland, and still nothing can divert Wall Street from its current obsession. As the 2007 stock-market roller-coaster screeches to a close, one question above all has preoccupied
Former First Republic shareholders sue Merrill Lynch over mortgage
International Herald Tribune - The Wall Street bank agreed in January to buy San Francisco-based First Republic for about $1.8 billion (€1.23 billion) in cash and stock. In October, a month after the deal closed, Merrill reported that it was taking a writedown of about $8 billion
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