Dollar Falls Ahead Of Key Manufacturing Data

Posted by Financial Market News on July 1st, 2008

When a business borrows money so it can reinvest it in hopes of getting a higher return, it's called leverage.

Hackers broke into Citibank’s network of ATMs and stole PIN codes.

Posted by Financial Service News on July 1st, 2008

Hackers broke into Citibank's network of ATMs inside 7-Eleven stores and stole customers' PIN codes, according to recent court filings that revealed a disturbing security hole in the most sensitive part of a ...

Treasurys pare gains after manufacturing data

Posted by Financial Market News on July 1st, 2008

Easing some fears about the economy, the Institute for Supply Management said its June index of U.S. manufacturing activity rose to a reading of 50.2. It was the first time in five months that the index ...

In-Depth Look: Manufacturing Expands

Posted by Financial Service News on July 1st, 2008

Roundtable Discussion with Stuart Hoffman of PNC Financial Services and Larry Kantor of Barclays Capital

Exports fueled manufacturing growth in June

Posted by Financial Market News on July 1st, 2008

A huge jump in commodity prices overshadowed feeble growth in manufacturing in June, while a rise in inventories signaled more trouble for makers of food, chemicals, furniture and electronics.

Dow Suffers Worst First Half Since the 70s

Posted by Financial Service News on July 1st, 2008

The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit ...

Corn prices up 66 percent for 2008, crude up 46 percent

Posted by Financial Market News on July 1st, 2008

Back in January, economists were calling food and energy expensive. They didn't know what expensive was.

CIT Group exits home lending businesses

Posted by Financial Service News on July 1st, 2008

CIT Group Inc. said Tuesday it will sell its home lending business to Lone Star Funds for $1.5 billion in cash, plus $4.4 billion of assumed debt, in a move to exit the troubled mortgage arena and focus on its ...

Dow ends flat but suffers worst 1st half since ‘70

Posted by Financial Market News on July 1st, 2008

The Dow and S&P 500 were little changed on Monday on the final trading day of the second quarter as record oil boosted energy shares, offsetting weak financial stocks amid nagging concerns of further credit ...

Records of UBS’s U.S. Clients Sought Under Justice Department Tax Inquiry

Posted by Financial Service News on July 1st, 2008

Prosecutors asked a Miami federal judge to require Swiss bank UBS AG to turn over information on its U.S. customers who may have used secret accounts to evade taxes.


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