Stocks Plummet More Than 200 Points

Posted by Financial Service News on August 7th, 2008

The Associated Press 5 comments A trader looks at a computer monitor on the floor of the New York Stock Exchange Tuesday, August 5,... A trader looks at a computer monitor on the floor of the New York Stock ...

Stocks fall sharply on weak retail sales

Posted by Financial Market News on August 7th, 2008

Trader Eric Schumacher watches the numbers on the floor of the New York Stock Exchange before the Federal Reserve interest rate decision, Tuesday Aug.

SEC Banks Rescues; Insight For Market Volatility

Posted by Financial Service News on August 7th, 2008

Analysis by Mario Gabelli, Chairman & CEO of Gamco Investors

Bank of America receives subpoenas relating to its sale of auction-rate securities

Posted by Financial Market News on August 7th, 2008

Bank of America Corp. revealed Thursday that it has received subpoenas and requests for information from various state and federal regulators regarding its sale of auction-rate securities.

Chairman of Advance America steps down

Posted by Financial Service News on August 7th, 2008

The chairman and co-founder of payday lender Advance America Cash Advance Centers has stepped down.

Citigroup may have to buy back securities

Posted by Financial Market News on August 7th, 2008

Citigroup Inc. may be forced to buy back about $8 billion in auction-rate securities and be fined as much as $100 million in a settlement with regulators over claims it improperly saddled customers with ...

Rates Held Steady in England

Posted by Financial Service News on August 7th, 2008

Thursday, August 07, 2008 FRANKFURT, Germany--The European Central Bank and the Bank of England both left their benchmark interest rates unchanged Thursday as they ponder how best to steer their economies ...

Economy nears stagnation

Posted by Financial Market News on August 7th, 2008

LONDON : The economy has almost ground to a halt, the consumer spirit is evaporating and jobs are getting harder to find, surveys showed on Wednesday, as the Bank of England begins a tricky two-day interest ...

Barclays’ net beats estimates

Posted by Financial Service News on August 7th, 2008

LONDON : Barclays, the large British bank, said Thursday that first-half profit fell 34 percent as securities trading declined and credit write-downs increased.

U.S. tech stocks forge ahead, blue chips edge up

Posted by Financial Market News on August 7th, 2008

Blue chips took a breather Wednesday, but remained in positive territory. Tech stocks however advanced strongly.


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