KKRa s Masonite to file for Chapter 11

Posted by Financial Service News on March 3rd, 2009

MISSISSAUGA, Ontario - Canadian door maker Masonite International Inc. said Tuesday it expects to file for bankruptcy protection from creditors as part of a deal with lenders to reduce the company's debt by ...

Treasurys trade mixed as stocks extend slide

Posted by Financial Market News on March 3rd, 2009

Tue, Mar 3, 2009 Treasury prices ended mixed Tuesday after fluctuating alongside stocks as investors worried about the prospects for the economy.

US$200b consumer plan

Posted by Financial Service News on March 3rd, 2009

THE US Treasury and the Federal Reserve on Tuesday formally launched a programme designed to pump US$200 billion into consumer credit through the purchase of securities linked to various loans.

World markets mixed, with European stocks heading higher

Posted by Financial Market News on March 3rd, 2009

LIVE BLOG: Cooper Trial Four in your corner's Renee Stoll's live blog from the Fred Cooper trial in St.

Madoff gives up rights to his business

Posted by Financial Service News on March 3rd, 2009

Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaving Federal Court in New York on Jan.

Lending rate near zero

Posted by Financial Market News on March 3rd, 2009

The Bank of Canada cut its benchmark lending rate to within spitting distance of zero, and signalled that it is prepared to increase the money supply to spark a rebound that policy makers acknowledged could be ...

Citigroup to lower some mortgage payments

Posted by Financial Service News on March 3rd, 2009

Struggling bank Citigroup Inc. said Tuesday that it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.

Japan News: Nikkei touches 4-month low on U.S. financial fears

Posted by Financial Market News on March 3rd, 2009

An electric stock price board at a securities company in Tokyo's Yaesu business district on March 3 shows the Nikkei Stock Average at 7,088.47, its lowest intraday level since Oct.

Stocks Plunge Below 1997 Levels

Posted by Financial Service News on March 3rd, 2009

U.S. stocks slid to 12-year lows on Monday as a record $61.7 billion loss for AIG and another government bailout for the insurer heightened concerns about the extent of the damage to the financial system.

A trader looks up at the board on the floor of the New York Stock Exchange March 2, 2009.

Posted by Financial Market News on March 3rd, 2009

U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.


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