United’s shares plunge on bogus bankruptcy report

Posted by Financial Market News on September 8th, 2008

The perils of the Internet, where no bit of information ever really dies: Shares of United Airlines parent UAL Corp.

SKorea regulator urges caution over Lehman stake

Posted by Financial Service News on September 8th, 2008

South Korea's financial regulator urged state-owned Korea Development Bank on Monday to be cautious over any investment in Lehman Brothers.

Fannie/Freddie Bailout Sparks Market Rally: Is This the Bottom?

Posted by Financial Market News on September 8th, 2008

The market is surging on the news of the Fannie/Freddie bailout by the Treasury.

Sectors to Watch: Financials, Homebuilders

Posted by Financial Service News on September 8th, 2008

Financials Rally on Fannie and Freddie News; Washington Mutual Replaces Killinger with Fishman; Zions, E*Trade, and Huntington Top Most Heavily Shorted Financials; According to Goldman Sachs, "Not a Turning ...

Oklahoma Rating For GO Bonds Upgraded

Posted by Financial Market News on September 8th, 2008

State officials have been notified of an upgrade in Oklahoma's rating for general obligation bonds.

Washington Mutual ousts CEO Kerry Killinger

Posted by Financial Service News on September 8th, 2008

Washington Mutual Inc., ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive of the nation's largest savings and loan on Monday, adding him to the growing list of banking bosses ...

Dollar mixed, gold down in Europe

Posted by Financial Market News on September 8th, 2008

The U.S. dollar was mixed against other major currencies in European trading Monday morning.

World markets soar on U.S. mortgage takeover

Posted by Financial Service News on September 8th, 2008

World stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac -- a move that could help bolster a shaky U.S. housing market and renew global investor ...

Sensex regains 15K level in early trade

Posted by Financial Market News on September 8th, 2008

Mumbai, Sep 8: The positive outcome of the NSG meeting encouraged the Bombay Stock Exchange benchmark Sensex which regained the 15K level.

Jobs slow with economy

Posted by Financial Service News on September 8th, 2008

SYDNEY, Sept 8 AAP - The number of jobs advertised in Australia fell sharply in August, recording the biggest monthly fall in seven and a half years, as employees kept to the sidelines amid signs that the ...


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