Stock Market
Stock futures sink further after big loss yesterday
(AP)
20 Nov 2008 at 7:56am
AP - U.S. stocks looked to extend their losses at the open Thursday as investors found little relief from worries about the fate of Detroit’s three automakers and broader fears about the struggling economy.
Stock futures cut losses after PepsiCo, Citi news
(Reuters)
20 Nov 2008 at 7:38am
Reuters - Stock index futures cut losses on Thursday after PepsiCo , a food and beverage company, reaffirmed its 2008 profit and CNBC television reported that Saudi Prince Alwaleed bin Talal planned to boost his stake in Citigroup to 5 percent, a day after the bank’s shares plummeted.
Citigroup up on report of upped Saudi stake
(Reuters)
20 Nov 2008 at 7:36am
Reuters - Shares of Citigroup Inc rose 6.3 percent to $6.80 before the bell on Thursday after CNBC reported that Saudi Prince Alwaleed plans to boost his take in the financial services company back to 5 percent.
FTSE-100 down 74.62 at 3,931.06
(AP)
20 Nov 2008 at 7:21am
AP - Share prices on the London Stock Exchange were lower at midday Thursday.
Dollar retreats as global stocks slump
(AFP)
20 Nov 2008 at 7:14am
AFP - The dollar dipped against the euro and yen on Thursday as currency investors monitored sliding global stock markets, dealers said.
Recession fears send world markets down
(AP)
20 Nov 2008 at 6:32am
AP - European and Asian stock markets tumbled Thursday after recession fears sent Wall Street plunging the day before.
Norway’s oil fund seeks stock bargains in slump
(AP)
20 Nov 2008 at 6:19am
AP - Tumbling global stock markets open up opportunities for Norway’s vast oil profits fund to increase its equity holdings at bargain prices, the fund’s top manager Yngve Slyngstad said Thursday.
SKorean stocks fall sharply after Wall Street drop
(AP)
20 Nov 2008 at 5:33am
AP - South Korean stocks fell for an eighth straight session Thursday, and the won dropped against the U.S. dollar to levels not seen in more than a decade, as a sell-off on Wall Street and worries about the world economy shook investors.
HK stocks fall after Wall Street’s sharp losses
(AP)
20 Nov 2008 at 5:07am
AP - Hong Kong’s stock index plunged 4 percent Thursday, tracking steep declines overnight in Wall Street on worries over a lengthy global recession.
London stock market drops 2.25 percent at start of trading
(AFP)
20 Nov 2008 at 4:04am
AFP - London’s stock market slid 2.25 percent to under 4,000 points soon after the start of trading on Thursday, following sharp losses in Asia and overnight on Wall Street caused by deep recession worries.
Japan stocks dive 6.9 percent after US sell-off
(AP)
20 Nov 2008 at 2:21am
AP - Japanese stocks dived Thursday after a steep drop on Wall Street and government data showing that Japan’s exports suffered a brutal drop in October.
China Internet giant Baidu’s stock price dives amid allegations
(AFP)
20 Nov 2008 at 12:14am
AFP - Shares in China’s Nasdaq-listed Internet giant Baidu have dived more than a third amid allegations it gave unlicensed medical firms prominent exposure for money, without telling its customers.
Philippine stock index slides 3.5 pct on US losses
(AP)
20 Nov 2008 at 12:04am
AP - Philippine shares slid Thursday in step with regional and U.S. markets as the country’s central bank pondered whether to cut interest rates to boost the economy.
Fed sees economic woes persisting into next year
(AP)
20 Nov 2008 at 7:58am
AP - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.
US, European stocks dive on recession fears
(AFP)
19 Nov 2008 at 6:27pm
AFP - US and European stock markets dived Wednesday after dismal US economic data added to recession fears and automakers called for government bailouts to stave off collapse.
SEC puts off vote on rules for rating agencies
(AP)
19 Nov 2008 at 5:07pm
AP - The Securities and Exchange Commission on Wednesday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street’s credit rating industry.
US stocks plunge to five and a half year lows
(AFP)
19 Nov 2008 at 4:53pm
AFP - US stocks plunged to five and a half year lows Wednesday after data revealed a sharp deterioration in the world’s largest economy and the Federal Reserve admitted the risk of a long recession.
Pershing’s Ackman sets new Target plan but shares fall
(Reuters)
19 Nov 2008 at 2:32pm
Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
London FTSE closes down
(AFP)
19 Nov 2008 at 12:53pm
AFP - London shares closed down Wednesday with banks performing badly for the third straight session as investors worried that government injections and rate cuts won’t be enough to stabilise these institutions.
SEC delays action on credit rating agency rules
(Reuters)
19 Nov 2008 at 10:49am
Reuters - U.S. securities regulators on Wednesday delayed action on adopting stricter rules to rein in the credit rating agencies until December 3.
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