Business and Finance News
- U.S. stocks in roller coaster ride
Austin News.Net
Facing a wall of worry around the world, it was a breathtaking few minutes when Wall Street opened Friday.
- Australian dollar crashes to .63 cents
Austin News.Net
The freefall in the Australian dollar continued Friday.
- European equities under pressure
Austin News.Net
European bourses were sharply lower Friday, following substantial falls on Asian markets, and Wall Street.
- Asian share markets slide over Wall Street worries
Austin News.Net
Stocks in Asia fell Friday, a day after major falls on Wall Street.
- Analysts look to the G20 for guidance
Austin News.Net
Economic analysts from around the world are hoping to see a global response from this weekend's G20 meeting.
- Russia gives approval for $86 billion bank rescue
Austin News.Net
Trade on Russian stock exchanges continued to be suspended on Friday as the Duma debated and approved measures worth $86 billion to assist banks bogged down by the credit freeze.
- Brown says the world has to re-think the economy
Austin News.Net
UK Prime Minister, Gordon Brown, has recommended to world governments that they follow Britain's lead by supporting their own struggling banks.
- Hyper-inflation creates hungry nation
Austin News.Net
With inflation of at least 231 million percent a year in their country, some Zimbabweans are facing a hungry year.
- Baby boomers just want a quiet life
Austin News.Net
Britain's post-war baby boomers want to retire in the traditional way.
- IMF says the world needs to fully cooperate in economic crisis
Austin News.Net
International Monetary Fund managing director, Dominique Strauss-Kahn, has claimed the US financial crisis has put the world on the brink of a recession that can only be resolved through international cooperation.
- Citigroup gives up on Wachovia
Austin News.Net
US financial giant Citigroup has said it will no longer seek to exclude Wells Fargo from taking over troubled bank Wachovia.
- UK government pledges to save customers from Iceland collapse
Austin News.Net
The UK Government has pledged to take action against Icelandic authorities to recover investors' money, tied up in Iceland's failed banks.
- US states cut back on jobs and infrastructure
Austin News.Net
Dozens of US states have announced another round of emergency spending cuts on top of deep cutbacks earlier in the year.
- Wal-Mart announces cheap toys for Christmas
Austin News.Net
In the US, major retailer, Wal-Mart, has announced cuts over most of its Christmas range.
- US stocks plummet further; Dow below 9,000 points
Austin News.Net
US stocks plummeted again Thursday and the Dow Jones Industrial Average dropped below 9,000 points for the first time in five years, as a series of US and global efforts to tackle the financial crisis have failed to calm investors.
- Wall St losses modest; Bush urges calm
The Daily Telegraph
The Dow was up and down throughout the trading session, but was off 1.14 per cent or 97 points just after the closing bell. As traders went along for the wild ride, US President George W. Bush went...
- September home sales up sharply in metro area
Star Tribune
Plentiful discounts led Twin Cities home buyers to step up to the plate in a big way last month, according to data released today by the Minneapolis Area Association of Realtors. Pending home sales...
- Goodbye to these fools and knaves
Guardian
Canterbury Christ Church University We have been told for years that the UK was a centre of excellence for financial services and that huge City bonuses were the price needed to retain talent. Now we...
- Oil, soy, copper all go bust in Latin America
San Diego Union-Tribune
BRASILIA, Brazil – The booming prices for Venezuelan oil, Brazilian soy beans and Chilean copper that brought prosperity to Latin America are heading for a bust that threatens to erode the...
- Wall St giants buried in global stock market panic
ABC Australia
Wall Street titans have buckled under the weight of a global stock market panic as the finance chiefs of the world's major economies gathered in Washington to confront the inescapable financial...
- Antitrust regulators clear Wells Fargo
Star Tribune
Federal antitrust regulators on Friday cleared Wells Fargo's $11.7 billion acquisition of Wachovia Corp., capping a weeklong battle for the Charlotte, N.C.-based bank.The rapid approval...
- Lehman debt auction gives clue to potential losses
San Diego Union-Tribune
NEW YORK – Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those...
- Layoffs coming at Petters companies
Star Tribune
... addition to the investors he robbed, how many employees, many of whom may well live paycheck to paycheck, has he hurt? I feel for the investors, but I feel more deeply for the innocent employees who...
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