Oil prices sink with US inventories bulging

Posted by Financial Market News on January 14th, 2009

Oil prices tumbled today as new government reports show crude inventories continuing to build, suggesting that demand for oil and gasoline will not rebound anytime soon.

Sector Focus: Regional Banks

Posted by Financial Service News on January 14th, 2009

No Shelter in Regional Banks - Analysis and Discussion with Bain Slack of Keefe Bruyette & Woods: Downgraded a Few Southwest Banks, Region "Not Immune"; Texas Area No Longer Cushioned by Energy Business; ...

Investment Strategies: “Hope for the Best, Prepare for the Worst” in Stocks

Posted by Financial Market News on January 14th, 2009

Where to Invest Now as Markets Sell Off - Analysis and Discussion with Universal Capital Partners CEO Joseph Duran: Favors Companies with Low Debt, Cash Flow, and Dividends; Ratchet Down Annual Return ...

Treasury secretary nominee ‘made honest mistake’

Posted by Financial Service News on January 14th, 2009

Timothy Geithner may still be confirmed even after he reportedly made more than $42,000 worth of errors on tax forms Timothy Geithner, the president of New York's Federal Reserve Bank, speaks during a ...

Banking Concerns Weigh On European Stocks

Posted by Financial Market News on January 14th, 2009

European stock markets fell sharply Wednesday amid renewed concerns about the financial well-being of the banking system and ahead of key Christmas trading news in the U.S. The FTSE 100 index of leading British ...

Fed official expects start of recovery in 2nd half

Posted by Financial Service News on January 14th, 2009

The president of the Federal Reserve Bank of Philadelphia expects the economy to slowly start recovering in the second half of 2009 and inflation to remain below 2 percent over the next year.

Markets extend gains during midday trade

Posted by Financial Market News on January 14th, 2009

Indian equities markets, which opened higher Wednesday, rose further by midday, with several stocks looking attractive at current valuations, and a key index gaining 2.99 percent over Tuesday's close just ...

Deutsche Bank Had Loss of $6.3 Billion in Fourth Quarter; Shares Decline

Posted by Financial Service News on January 14th, 2009

Deutsche Bank AG , Germanya s biggest bank, reported a record loss of about 4.8 billion euros in the fourth quarter after the worst financial crisis since the Great Depression pummeled debt and equity trading.

China shares rebound on rise in lending

Posted by Financial Market News on January 14th, 2009

Chinese shares rebounded Wednesday as investor confidence was buoyed by evidence that Beijing's massive stimulus package is beginning to boost economic activity.

Signs of credit market thaw begin to emerge 6:10PM ET

Posted by Financial Service News on January 14th, 2009

Credit markets are beginning to thaw after months of a deep freeze. In a promising turn that could bolster the economy, companies are selling bonds at a pace not seen since last spring.


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