Treasury prices fell sharply Wednesday after struggling bond insurer Ambac Financial Group Inc., seeking to shore up its finances, filed with the government to sell at least $1.5 billion in stock and equity ... via Myrtle Beach Online
"The banks are being hit in so many different directions"
Wall Street managed a moderate gain in an erratic session Wednesday as investors sorted through a downbeat Federal Reserve assessment of the economy and were also disappointed by a plan to bail out troubled ... via San Francisco Examiner
"The disparities between black and white Americans remain consistent, nagging and substantial"
Black Americans still trail whites on such basics as income, education and health, a study showed on Wednesday, even as Sen. via KISS 108
"I think there's a lot of ignorance and lack of awareness in some cultures about women in business"
The initiative specifically plans to target women in the Middle East, Asia and Africa who might have little or no opportunity to pursue such an education. via Globeinvestor.com
The U.S. dollar was mostly higher against other major currencies in European trading Wednesday morning. Gold fell.
The euro traded at $1.5180, down from $1.5208 late Tuesday in New York.
Other dollar rates:
_103.55 Japanese yen, up from 103.14
_1.0398 Swiss francs, up from 1.0363
_0.9924 Canadian dollars, down from 1.0042
The British pound was quoted at $1.9798, down from $1.9859.
Gold traded in London at $966.25 per troy ounce, down from $973.70 late Tuesday. Read more
Analysis by Gareth Claase of Royal Bank of Scotland; Analysis by Richard Fisher, Federal Reserve Bank of Dallas President; Analysis by Tom Vosa of National Australia Bank via ClipSyndicate
U.S. stocks headed toward a moderately higher open Wednesday as investors prepared for a flurry of economic figures on employment, factory orders and the state of the service sector.
In addition to reports on worker productivity and costs, investors will be awaiting the Federal Reserve's Beige Book report on economic conditions in various parts of the country. The findings arrive two weeks before the central bank's next meeting.
Wall Street remains concerned about whether the economy will slip into recession and is hungry for any insights that could help indicate how consumers and businesses are faring. Investors expect quarterly reports Wednesday from names such as Costco Wholesale Corp., H&R Block Inc. and Saks Inc. Read more
The $6.3 billion purchase by HSBC Holdings of a stake in Korea Exchange Bank will not hinder market competition, the Fair Trade Commission said. via New York Times
Asian shares made cautious gains on Wednesday while oil and metals found some support after slipping back from record highs, as investors stayed focused on the threat of a U.S. recession hitting the global ... via Reuters
"And when the alarm went off, did they merely hit the snooze button?"
Banking and savings and loan institution regulators insisted Tuesday that the system remains strong despite precipitous declines in earnings sparked by the mortgage crisis.
'The vast majority of institutions remain well-capitalized,' Federal Deposit Insurance Corporation Chairman Sheila Bair told a Senate Banking Committee hearing on the state of the banking industry.
Credit losses 'are going to continue to tick up,' and the FDIC expects some increases in its troubled bank list, she said. Banks do fail, she added, but 'I think we'll still be easily within historical norms. I don't think it will be anything we can't handle.' Read more
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