European stocks dip at open (AFP)

Posted by admin on September 14, 2008 under News | Be the First to Comment

European stocks dip at open (AFP)

Brokers at Barclays stockbrokers in London. European stock markets slumped in the wake of heavy falls in Asia, pulled down by sharp losses for the banks as the global economic outlook turns darker still.(AFP/File/Odd Andersen)AFP – European stock markets fell slightly at the start of trading on Thursday, with London’s FTSE 100 index of leading shares down 0.08 percent at 5,362.10 points.


Drug stocks slip into negative territory

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Drug stocks slip into negative territory
) were down 1% at $59.97. Allergan's stock gained more than 10% Thursday on news that two Phase III clinical studies showed its anti-wrinkle drug Botox was effective in battling chronic migraine hea…

Lehman stumbles on broker downgrades (Reuters)

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Lehman stumbles on broker downgrades (Reuters)

The exterior of the world headquarters for Lehman Brothers is seen in New York in this June 17, 2008 file photo. (Shannon Stapleton/Reuters)Reuters – Lehman Brothers tumbled on Thursday after several brokers downgraded the shares on the investment bank and forecast further losses due to business uncertainty.


Volatile Wall Street mixed as Lehman future mulled

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Volatile Wall Street mixed as Lehman future mulled
Wall Street shares have zigzagged to a mixed finish in a market whipsawed by reports and speculation about the fate of two troubled financial firms, Lehman Brothers and Washington Mutual. In a highly…

Lehman stumbles on broker downgrades (Reuters)

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Lehman stumbles on broker downgrades (Reuters)

The exterior of the world headquarters for Lehman Brothers is seen in New York in this June 17, 2008 file photo. (Shannon Stapleton/Reuters)Reuters – Lehman Brothers tumbled on Thursday after several brokers downgraded the shares on the investment bank and forecast further losses due to business uncertainty.


U.S. stock futures up slightly as Lehman fate awaited

Posted by admin on September 13, 2008 under News | Be the First to Comment

U.S. stock futures up slightly as Lehman fate awaited
LONDON (MarketWatch) — U.S. stock futures pointed to a cautious start Friday as traders awaited news on the fate of Lehman Brothers Holdings, the brokerage believed to be in its last hours of indepen…

Wobbly Wall Street keeps its feet (AFP)

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Wobbly Wall Street keeps its feet (AFP)

Traders work on the floor of the New York Stock Exchange on September 4, 2008 in New York City. The ride on Wall Street has gotten bumpier over the past week as economic and credit jitters have intensified, but the stock market has managed to hold fast in the face of turbulence.(AFP/Getty Images/File/Spencer Platt)AFP – The ride on Wall Street has gotten bumpier over the past week as economic and credit jitters have intensified, but the stock market has managed to hold fast in the face of turbulence.


Lehman Brothers shares fall again on sale speculation

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Lehman Brothers shares fall again on sale speculation
BOSTON (MarketWatch) — Shares of Lehman Brothers were down more than 10% Friday amid swirling rumors that the embattled Wall Street icon will sell itself over the weekend.

SEC’s New York attorney to leave: report (Reuters)

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SEC’s New York attorney to leave: report (Reuters)
Reuters – The U.S. Securities and Exchange Commission’s top New York enforcement attorney is expected to leave next month for a law firm, people familiar with the matter told The Wall Street Journal.

Washington Mutual seeks to comfort investors; shares fall

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Washington Mutual seeks to comfort investors; shares fall
SAN FRANCISCO (MarketWatch) — Washington Mutual Inc. shares fell again on Friday despite the company's efforts to reassure shareholders about its solvency and an upgrade by Goldman Sachs.