Credit markets stalled
Stocks are rebounding and a new bailout package could be coming soon, but the credit markets - where day-to-day borrowing occurs to keep the gears of the economy turning - are still stuck.
Month: September, 2008
Pelosi’s tactics on financial bailout bill questioned
Some say that the House speaker was too partisan, or that she didn’t press her side hard enough. Others say the fallout could benefit Democrats.
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When Nancy Pelosi was sworn in as the first Democratic House speaker in 12 years, she promised to reach across the aisle to Republicans, to be “speaker of the House — the entire House.” In tribute to that spirit, she dressed in purple — blending the red and blue that are symbols of partisan division.
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Synaptics Inc. is the quiet force behind Google phone’s touch screen
The G1, which hits the market Oct. 23, could vindicate the firm’s two decades of perfecting touch-screen technology.
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The first of the so-called Google phones is controlled using a method that’s finally gaining momentum in mobile computing: swiping a finger across the screen.
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“Mark-to-market” or “mark-to-make-believe”?
Money Co. blog: Some House Republicans want to bolster banks’ finances by rewriting accounting rules for mortgage assets.
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Blog: “Mark-to-market” or “mark-to-make-believe”?
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Consumer outlook dim
With the holiday shopping season about to start, consumer confidence is hovering near its lowest point since 1992, and could dip further as Americans open their 401(k) statements and see how much they’ve lost in recent weeks.
Arguing at a job interview is unwise
Q I went for a job interview and was asked to complete an application. Since I’d already submitted my r sum , I wrote “See r sum ” on most sections.
Massages to go and there’s more
BUSINESS NAME: Overdid It!
BUSINESS ADDRESS: 45074 10th Street West, Suite 101, Lancaster 93534
PHONE: 661-945-4700
WEB SITE: www.
FDIC wants to boost deposit insurance limits
Money Co. blog: Agency says a temporary increase would damp “crisis of confidence” in banking system.
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Stock market rallies to close on a high note
More than half of Monday’s dramatic losses are recouped as buyers seek bargains.
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NEW YORK — Stocks surged today, erasing more than half of Monday’s dramatic plunge, as hope flickered that Congress would pass this week a revamped version of the proposed $700-billion rescue for the financial system.
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Wall Street up 370+ points after record plunge
NEW YORK - Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector.
News Analysis: In Bailout Vote, a Leadership Breakdown
As the world looked to the United States to contain the economic crisis, American political leadership faltered.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30assess.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30assess.html” border=”0″//a/span
Blog: Bailout fever: Ireland guarantees all bank deposits, debts
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Home prices fall at record pace in July
Prices in Los Angeles and Orange County fall 26.2% from July 2007, according to the Standard Poors/Case-Shiller index. National prices drop 16.3%.
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U.S. home prices fell at a record pace in July, with the Los Angeles area again showing one of the largest declines, according to a widely watched index released today.
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Losing Money, New York Sun Is to Shut Down
The New York Sun, the six-year-old newspaper with a conservative mind-set, announced on Monday that it would close after publishing Tuesday’s issue.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/nyregion/30sun.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/nyregion/30sun.html” border=”0″//a/span
Shaky French-Belgian Bank Gets $9 Billion Injection
Dexia, a French-Belgian lender, received a capital injection of more than $9 billion from public shareholders as a deepening global credit crisis continued.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/10/01/business/worldbusiness/01dexia.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/10/01/business/worldbusiness/01dexia.html” border=”0″//a/span
Credit crunch sends borrowing rates soaring
NEW YORK - Bank-to-bank lending rates jumped Tuesday and Treasury bill demand remained high, a day after Congress’ rejection of the bank bailout plan cast an even deeper freeze over the barely operational credit markets.
Consumer confidence improves in September
NEW YORK - Americans’ confidence in the economy unexpectedly improved in September, but the reading still hovered near a 16-year low and does not fully reflect the financial meltdown that has rocked Wall Street and Main Street in recent days.
U.S. home prices continue slide
NEW YORK - A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, but the rate of monthly declines is slowing.
Pepperidge Farm lowers salt content in bread
MOUNT LAUREL, N.J. (AP) _ Pepperidge Farm is following its parent company, Campbell Soup Co., and reducing sodium levels in some of its top selling products.
BOLLY EYEING HOLLY
Fresh off its deal to fund DreamWorks SKG, Mumbai-based Reliance ADA Group has restarted talks over a potential buyout or equity investment in Metro-Goldwyn-Mayer, The Post has learned. Several sources involved in or close to the situation…
Treasury and Fed Looking at Options
Without the bailout plan they lobbied for, the Treasury and the Federal Reserve will have to dig deep into their toolkits.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30plan.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30plan.html” border=”0″//a/span
Circuit City Revises Outlook and Posts Loss
Sluggish sales, poor traffic and heightened competition led the electronics retailer to a wider quarterly loss.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/technology/companies/30circuit.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/technology/companies/30circuit.html” border=”0″//a/span
Stock market recovers slightly
Roughly one-third of Monday’s dramatic losses are recouped as buyers seek bargains.
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NEW YORK — The stock market partially recovered today from its dramatic plunge a day earlier, as bargain hunters emerged and hopes flickered that Congress would pass a revamped version of the $700-billion rescue package for the financial system this week.
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Airlines Add Service and Amenities to Asian Routes
In an otherwise bleak business environment for airlines, travel between the U.S. and Asia has increased to unprecedented levels.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30asiatravel.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30asiatravel.html” border=”0″//a/span
Defiant House Rejects Huge Bailout; Next Step Is Uncertain
In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted 228-205 to reject a $700 billion rescue of the financial industry.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30cong.html”img src=”http://www.pheedo.com/img.phdo?x=b4d3f98f99d448c0ae34d28d64593f7bu=http://www.nytimes.com/2008/09/30/business/30cong.html” border=”0″//a/span
WOES HIT AD FIRMS
Just hours after Wachovia tapped Ogilvy & Mather to lead its $135 million ad account, word leaked that the troubled bank was in talks about a possible sale. Yesterday, Citibank agreed to buy the bulk of Wachovia’s assets, throwing the account…
INVESTORS DISS DISH AS AT&T PICKS RIVAL
Investors went running for the door with struggling satellite TV service Dish Network Corp. yesterday, following word late Friday that distribution partner AT&T was dumping them for rival DirecTV. Shares in the stock plunged 19 percent, or $4.58…
APPLE, TECHS WRECKED
Apple Inc.’s stock hit its lowest point in more than a year on Monday amid growing concerns about the willingness of consumers to shell out big bucks for its pricey gadgets in a troubled economy. Shares in the tech giant plummeted over 17 percent…
