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Posted by admin on September 5, 2008 under News | 
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US stocks fall on poor retail sales figures (FT.com)
FT.com – A battered financial sector led Wall Street into bear market territory on Thursday, as Bill Gross, manager of the bond fund Pimco, warned that a “financial tsunami” could ensue if the government failed to support markets.
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Investors move money to Treasurys as stocks sink on poor retail sales, rise in jobless claims
Madlen Read September 4, 2008 – 12:25 a.m. NEW YORK (AP) – Treasury prices rose moderately Thursday, as a plummeting stock market sent investors back into safer, fixed-income government securities…
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Hedge fund Atticus loses more than $5 billion: source (Reuters)
Reuters – U.S. activist hedge fund Atticus Capital has lost more than $5 billion this year, a source familiar with the matter told Reuters, after its funds were hit by heavy falls in financial stocks.
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Wall Street indexes back in bear country
Dejected investors sent stocks plunging today, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated h…
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Stocks plummet after retail, unemployment data (AP)
AP – Dejected investors sent stocks plunging Thursday, hurtling the Dow Jones industrials down more than 340 points after retailers and the government added to a mountain of bad economic news and devastated hopes for a late-year recovery.
Posted by admin on September 4, 2008 under News | Be the First to Comment
Wall St. brokers face charges in $1-billion subprime fraud
NEW YORK — A former Wall Street broker pleaded not guilty yesterday to charges he and a colleague duped investors into purchasing more than $1-billion (U.S.) in high-risk securities by making it look…
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Wall Street enters month of peril with outlook clouded (AFP)
AFP – Wall Street returns from vacation season to enter what is historically the most perilous period of the year amid conflicting signals about the US economic outlook.
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How the Dow Jones industrials and other major stock market indexes fared in Wednesday trading
The Associated Press September 3, 2008 – 6:07 p.m. (AP) – Wall Street finished an erratic session mixed on Wednesday, with investors still worried about the economy despite another decline in oil…
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Kerkorian firm settles GM securities probe with SEC (Reuters)
Reuters – Billionaire Kirk Kerkorian’s Tracinda investment firm settled a regulator’s allegations that it was misleading about its plan to cut its stake in General Motors Corp , the U.S. Securities and Exchange Commission said on Wednesday.
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GOP faithful await formal introduction to Palin
ST. PAUL, Minn. (MarketWatch) — Amid concerns over her experience, personal and public life, Alaska Gov. Sarah Palin was to formally introduce herself to delegates and the nation at the Republican Na…
