NZ dollar bounces back after plunge

Posted by Financial Market News on November 23rd, 2008

After dipping below US52c for the first time in six years on Friday morning, the New Zealand dollar lifted out of the hole.

Two US banks fail on the weekend

Posted by Financial Service News on November 23rd, 2008

US Bankcorp has taken over the banking operations of two financial institutions in Southern California.

South Dakota drops in economic ranking

Posted by Financial Market News on November 23rd, 2008

Siouxland's Own Spiritual Soldiers William Booth began the Salvation Army in in London in July 1865.

APEC: Global crisis can be overcome in 18 months

Posted by Financial Service News on November 23rd, 2008

Pacific Rim nations assured the world Sunday that the global financial crisis can be quelled in 18 months, but provided few details of how they expect that to happen _ or how their governments can help.

The 21 economies, which represent more than half of the world's productive power, also pledged during a two-day summit not to erect new protectionist barriers for the next year, and to jump-start stalled World Trade Organization talks.

The main accomplishment of the Asia-Pacific Economic Cooperation forum was a widening of support for the Washington Declaration made last weekend by major economies that pledged to maintain free trade despite pressures to protect domestic industries.

The lowdown on alternative investments

Posted by Financial Market News on November 23rd, 2008

Sometimes, the right thing comes along at the right time. That was my first thought when I read the uncorrected proof copy of "The Only Guide to Alternative Investments You'll Ever Need" . Written by Larry ...

Campbell Soup profits in tough times

Posted by Financial Service News on November 23rd, 2008

Greensboro, N.C. - Judging by Dayna Neumann's pantry, Campbell Soup Co. may turn the U.S. recession into rising sales, just as it did in the last two contractions.

Silver linings for investment returns

Posted by Financial Market News on November 23rd, 2008

This is a year for the record books. As we stand gaping at the incredible losses in the last three months -- or just the month of October -- we search for comparative measures of loss.

Report: Swiss regulator says more UBS aid possible

Posted by Financial Service News on November 23rd, 2008

The head of the Swiss Banking Commission said he did not rule out that UBS AG might need more government aid to survive the financial crisis, a daily newspaper reported Sunday.

Daniel Zuberbuehler told SonntagsZeitung that a $60 billion government bailout agreed last month with UBS had stabilized the bank's liquidity situation.

But 'if you look at the development of the market, it is indeed open whether our package of measures will be sufficient,' he was quoted as saying.

UBS is Switzerland's largest bank, and if it faces more difficulties, the government 'might have to inject more capital,' he reportedly said.

Long on nerve? Give short funds a try

Posted by Financial Market News on November 23rd, 2008

First, stock market losses left a sting. Now, after a nearly 50 percent decline, the losses feel like an open wound.

Webster receives Treasury capital reinforcement

Posted by Financial Service News on November 23rd, 2008

Webster Financial Corp., parent of Webster Bank, said Friday it has received a previously announced influx of $400 million in new capital under the U.S. Treasury Department's Capital Purchase Program.


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