Coming Week: Another Cut?
Street.Com - That’s what the markets are saying after the Federal Reserve’s 75 basis-point cut in its target federal funds rate this past week. Wall Street is looking for more from the Fed, which meets this Tuesday and Wednesday. Just how much more the central
Wall Street ends erratic week with sharp drop
Nashville Tennessean - NEW YORK — Wall Street ended a tumultuous week with a sharp decline Friday, backtracking after two days of stunning gains as investors turned cautious and cashed in some of their winnings. The Dow Jones industrial average still managed to record
Paris shares close lower, stocks turn negative after Wall Street open
CNBC - (Updates with full market report) PARIS (Thomson Financial) - Share prices ended lower after turning negative in afternoon trade following Wall Street’s open, with financial sector losses wiping out morning gains on the back of strong corporate
Wall Street crash
Guardian Unlimited - Captain Marc Elliot was under orders not to touch his own set of controls unless I either passed out or was in danger of smashing into the earth. We’d taken off from Manhattan 10 minutes earlier, after a long evening that had spiralled way out of
Kerviel, Societe Generale Rogue Trader, Held in Paris (Update1)
Bloomberg - Societe Generale missed several opportunities to cease Kerviel, Jean-Pierre Mustier, who runs the bank’s investment- banking unit, told the Wall Street Journal in an interview published this day. Mustier, called on his cell phone, wasn’t immediately
N.J. weighs new way to pay for roads
USA This day - This is a very tough lift for the Legislature, so we’ve to break each piece down to a level where Wall Street is understandable to Main Street,” said Senate Majority Leader Stephen Sweeney, D-Gloucester. “Obviously, we’re not there yet.” Among
A Fool Looks Back
MSNBC - Despite a healthy quarter, Apple’s near-term outlook fell short of Wall Street’s expectations. If Apple is being dubbed unhip, what hope do the dweeb-driven tech companies have? CEO Meg Whitman is stepping down at eBay (Nasdaq: EBAY), and just in time
Two cheers for Wall Street
International Herald Tribune - There’s roughly a 100 percent chance that we’re going to spend much of this year talking about the subprime mortgage crisis, the financial markets and the worsening economy. The only question is which narrative is going to prevail, the Greed
It’s still a man’s world at the Davos forum
Reuters India - DAVOS, Switzerland (Reuters) - Women might be smashing glass ceilings on Wall Street, but a walk down the crowded corridors of the World Economic Forum would have you fooled. Organisers state female delegates make up 17 percent of the hundreds of
U.S. markets plunge, then recover
Baltimore Sun - NEW YORK - An unusual emergency interest rate cut by the Federal Reserve gave Wall Street a partial rebound this day from a precipitious early decline — and perhaps the first steps toward a long-term recovery. The rest of the comeback, for the economy
Wall Street on a long-term ‘rollercoaster ride,’ says analyst
One News Now - It has been a rollercoaster week for the stock market, but mutual funds manager David Spika states that’s the nature of the market. After a swing of more than 600 points in the Dow one day this week, the Associated Press reports analysts are calling
PRESS DIGEST - Wall Street Journal - Jan 25
Reuters - Last: Jan 25 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * The economy is the top campaign issue for 2008, replacing last year’s
What’s $34 Billion on Wall Street?
New York Times - UNDER the stewardship of Dow Kim and Thomas G. Maheras, Merrill Lynch and Citigroup built positions in subprime-related securities that led to $34 billion in write-downs last year. The debacle cost chief executives their jobs and brought two of the
Make way for the trophy toy boy as rich older women turn the tables
Daily Telegraph - Wall Street life A fourth wave of feminism has arrived, with a new twist - cash-rich, time-poor, middle-aged women seeking the love and attention of good-looking young men. Rather than hanging around outside model agencies, or chatting up out-of-work
Wall Street, even Goldman, faces ‘08 slowdown
Reuters - UPDATE 1-Goldman Sachs says to cut 5 pct of workforce NEW YORK (Reuters) - Wall Street banks battered by mortgage and credit losses survived 2007 only to face an even more massive challenge: a U.S. economy on the edge of recession. Tougher conditions mean
REFILE-European shares trim gains as Wall St loses ground
Reuters - FRANKFURT, Jan 25 (Reuters) - European shares trimmed some gains in late afternoon trading on Friday, tracking Wall Street where an early rally appeared to run out of steam. At 1545 GMT, Europe’s benchmark FTSEurofirst 300 index was up 0.5 percent at
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