US jobless spike deepens economic woes

Posted by Financial Market News on June 7th, 2008

The US lost jobs for a fifth month and the unemployment rate rose by the most in more than two decades, as an influx of students into the workforce drove the biggest jump in teenage joblessness since at least ...

Oil soars to $139 a barrel

Posted by Financial Service News on June 7th, 2008

Self-serve regular gasoline is advertised Friday at one-tenth of one cent less than $5.00 per gallon, with mid-grade and premium well over that mark, at a filling station in Arcadia, Calif.

DWS Municipal Income Trust (KTF) Declares a Monthly Distribution

Posted by Financial Market News on June 7th, 2008

The ex-date is June 12, 2008. The previous monthly distribution was $0.048 per share.

Medvedev points finger at United States in global economic crisis

Posted by Financial Service News on June 7th, 2008

ST. PETERSBURG, Russia - Russian President Dmitry Medvedev on Saturday accused the United States of "economic egotism," saying it has fuelled global troubles, and portrayed Russia's growing economic might as a ...

Treasurys Rebound After Jump In Unemployment Rate

Posted by Financial Market News on June 7th, 2008

Treasury prices rebounded Friday as stocks plunged, with investors returning to less risky assets after a government report revealed a significant jump in the unemployment rate and as oil surged to new record ...

News, Weather, Sports

Posted by Financial Service News on June 7th, 2008

Wal-Mart, Your Friendly Drugstore The retailing juggernaut is set to move more aggressively into pharmaceuticals and health care, much as it did with groceries.

Credit crisis still not behind Wall Street

Posted by Financial Market News on June 7th, 2008

By JOE BEL BRUNO Published: June 6th, 2008 09:03 PM Last Modified: June 6th, 2008 09:03 PM The chief executives at the world's biggest financial institutions might have been a bit too optimistic by declaring we ...

Unisteel Says KKR Makes Bid Proposal

Posted by Financial Service News on June 7th, 2008

Singapore disc drive component maker Unisteel on Saturday said it has agreed to be bought by Kohlberg Kravis Roberts & Co.

Stocks battered by oil’s record

Posted by Financial Market News on June 7th, 2008

It was history across the markets, as oil climbed to never before seen levels. Crude rose more than 11 dollars a barrel at the NYMEX.

Credit crisis still not behind Wall Street

Posted by Financial Service News on June 7th, 2008

The chief executives at the world's biggest financial institutions might have been a bit too optimistic by declaring we may be nearing the end of the global credit crisis.

Morgan Stanley's John Mack said in April it had reached its eighth inning or 'maybe top of the ninth' of a baseball game. Goldman Sachs' Lloyd Blankfein compared it to football's 'third or fourth quarter.' Richard Fuld at Lehman Brothers and Merrill Lynch's John Thain were also more upbeat about the future.

Just as Wall Street started to look safer for investors, another wave of anxiety about the financial industry, inflation and the economy dragged down stocks this past week.


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