S&P downgrades Ambac unit on mortgage debt risks - CNBC
NEW YORK - Standard & Poor’s Ratings Services on Wednesday cut its financial strength rating for the bond insurance unit of Ambac Financial Group Inc., and also cut a pair of the holding company’s debt ratings. Ambac’s recently battered shares lost
Large Three automakers beg Congress for $25 billion - Dubuque Telegraph Herald
WASHINGTON (AP) — Detroit’s Large Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse. Millions
On the internet Money: Finding top dividend-paying stocks - MSN MoneyCentral
Bank of America Corp ( BAC ) Stock Quote , Chart , News , Add to Watchlist BOSTON (AP) - Dividend-paying stocks have never been considered sexy. But the prospect of owning a stock that reliably makes regular payouts holds a certain allure when most
MARKETS-AUSTRALIA-STOCKS (UPDATE 1) - ninemsn
SYDNEY, Nov 20 (Reuters) - Australian shares fell 4.1 percent on Thursday, dragged down by banks and miners, on growing worries of about a prolonged global recession. The benchmark S&P/ASX 200 index .AXJO> was down 144.4 points to 3,355.2 by 2310 GMT
Jerry Yang reflects on Microhoo deal - ZDNet
At the Web 2.0 Summit in San Francisco, John Battelle of Federated Media Publishing questions Yahoo CEO Jerry Yang about Microsoft’s bid to purchase Yahoo for $33 dollars a share earlier in 2008. Yang states the companies weren’t far from agreeing on terms
STOCKS NEWS ASIA-Shares to suffer on Wall St dive - CNBC
WELLINGTON, Nov 20 (Reuters) - Asian shares are set to plunge on Thursday after U.S. stocks hit a five-and-a-half year low, as investors now expect a lengthy recession to grip the globe. Sentiment in the market was dire, compounded by U.S. automakers
Thomson Financial News - Forbes
WELLINGTON, Nov 20 (Reuters) - Asian shares are set to plunge on Thursday after U.S. stocks hit a five-and-a-half year low, as investors now anticipate a lengthy recession to grip the globe. Sentiment in the market was dire, compounded by U.S. automakers
Stocks Turn Lower on Housing News - MSN MoneyCentral
U.S. stocks struggled for direction Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke defended the government’s Troubled Asset Relief Program [TARP] before Congress. Traders eyed a record low reading on the National Assn. of
Dow drops 427 points; closes below 8,000 - Crain’s Chicago Business
(AP) — Wall Street sank Wednesday, as investors, already nervous about the fate of the nation’s top automakers, scoured more discouraging economic data. The Dow Jones industrial average plunged 427.47 points, or 5 percent, to shut at 7,997.28
Oil drops below $54 as demand from Jan.-Oct. fell 5% vs. year ago - USA Today
Oil prices over 6 months. HOUSTON (Reuters) — Oil slipped below $54 a barrel Wednesday as U.S. inventories rose and demand weakened due to the global economic slowdown. Light, sweet crude for December delivery fell 77 cents to settle at $53.62 a
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