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- Are money funds safe now?
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You normally wouldn’t think twice about putting cash in a money-market fund. But when America’s original money fund company, The Reserve, announced in mid-September that investors in its Primary Fund would lose money, the news sent a chilling reminder to savers - who keep $3.4 trillion in such funds - that no money fund is completely safe.
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Original Source: rss.cnn.com
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31 October, 2008| massmedia |
Comments (0) @ 22:00
- Panasonic said in talks to buy Sanyo Electric
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TOKYO (Reuters) - Japanese electronics maker Panasonic is in talks with Goldman Sachs and two other major shareholders of Sanyo Electric to buy a controlling stake in its smaller rival, company and financial sources said on Saturday.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 20:05
- Baugur defends its leverage policy
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LONDON (Reuters) - Baugur’s bosses were quoted as saying the Icelandic investor had adopted a “sensible” leverage policy despite debts of 1 billion pounds.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 19:24
- U.S. consumers slash spending
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NEW YORK (Reuters) - Americans slashed spending and the country’s business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 18:42
- Former Lehman COO to leave Barclays
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NEW YORK (Reuters) - Herbert “Bart” McDade, former chief operating officer of Lehman Brothers Holdings , is leaving Barclays Capital at the end of November, a spokeswoman said.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 17:13
- U.S. consumers slash spending and world markets stabilize
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NEW YORK (Reuters) - Americans slashed spending and the country’s business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 16:58
- Chevron profit tops Wall Street forecasts
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NEW YORK/SAN FRANCISCO (Reuters) - Chevron’s quarterly profit more than doubled, easily beating Wall Street forecasts, as high oil prices and healthy refinery margins boosted its bottom line.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 16:08
- Oil prices up after record falls
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Oil rises almost 3% on Friday - but falling demand pushes crude prices to their biggest monthly drop in October….
Original Source: news.bbc.co.uk
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31 October, 2008| massmedia |
Comments (0) @ 13:57
- U.S. stocks rise on credit thaw hopes
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NEW YORK (Reuters) - U.S. stocks rose on Friday, closing out one of their worst months on record, on hopes that a thawing in credit markets will spur growth even as most commodity prices slumped again on growing evidence of a deepening recession.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 13:39
- Airlines seen facing winter survival battle
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PARIS (Reuters) - European airlines face a cut-throat battle to survive the winter as recession threatens the recipe many have used to ride out a spike in oil prices — sharing the pain with consumers by slapping on fuel surcharges.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 12:10
- Chevron profit tops Wall Street
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NEW YORK/SAN FRANCISCO (Reuters) - Chevron’s quarterly profit more than doubled, easily beating Wall Street forecasts, as high oil prices and healthy refinery margins boosted its bottom line.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 11:51
- Lloyds TSB takeover of HBOS cleared
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LONDON (Reuters) - Business Secretary Peter Mandelson gave the go-ahead to Lloyds TSB’s takeover of rival bank HBOS on Friday despite concerns about the merger’s impact on competition.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 11:17
- Oil falls nearly $2 on weak demand
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NEW YORK (Reuters) - Oil fell nearly $2 on Friday as weak demand and the global economic crisis put crude on track for the biggest monthly drop ever.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 10:59
- U.S. and Europe stocks gain as credit markets thaw
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NEW YORK (Reuters) - U.S. and European stocks rose on Friday, lifted by hopes that a thawing in credit markets will spur economic growth even as oil and other commodity prices slumped anew on more evidence of a deepening recession.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 10:50
- FTSE scores worst October since 1987
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LONDON (Reuters) - Commodity stocks powered the top share index to a 2-percent gain on Friday and its strongest week on record, but the benchmark still bowed out of October with the worst monthly loss since the 1987 market crash.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 10:50
- FTSE scores worst October since 1987 crash
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LONDON (Reuters) - Commodity stocks powered the top share index to a 2-percent gain on Friday and its strongest week on record, but the benchmark still bowed out of October with the worst monthly loss since the 1987 market crash.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 10:45
- Europe shares rally for fourth day
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LONDON (Reuters) - European shares closed higher on Friday, extending a rally to four days, boosted by oils and drug companies and a late rally in banks, though Barclays tumbled after selling a stake to Middle East investors.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 10:04
- Cash on the nail
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What is it like being a debt collector for a living?…
Original Source: news.bbc.co.uk
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31 October, 2008| massmedia |
Comments (0) @ 9:56
- Oil nearly $2 on weak demand
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NEW YORK (Reuters) - Oil fell nearly $2 on Friday as weak demand and the global economic crisis put crude on track for the biggest monthly drop ever.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 9:41
- Mandelson clears Lloyds TSB takeover of HBOS
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LONDON (Reuters) - Business Secretary Peter Mandelson approved Lloyds TSB’s takeover of rival bank HBOS on Friday after concluding that the merger was in the public interest.
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Original Source: feeds.reuters.com
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31 October, 2008| massmedia |
Comments (0) @ 9:00
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