Japan’s Renown to sell stake in Aquascutum
NEW YORK (Reuters) - Renown Inc plans to sell its stake in British clothier Aquascutum by February 2009 as part of a restructuring, according to a report by Nikkei Business News.
How to buy a car - even now
Auto dealers are hungry for customers: Worried consumers are putting off buying big-ticket items, and buyers on the market are finding it harder to get a loan. So if your credit is solid, now is a great time to say, Let’s make a deal.
…
Original Source: rss.cnn.com
Governments back Alitalia-Lufthansa deal
BERLIN (Reuters) - The German and Italian leaders on Monday backed a potential agreement between Alitalia and Lufthansa on the German airline taking a minority stake in the Italian carrier.
Investors Flee Stocks
Major averages down 7% or more as worries about financial system grow….
Original Source: www.forbes.com
Prosecutors seek 13-yr sentence for Parmalat ex-CEO
MILAN (Reuters) - Italian prosecutors sought a 13-year prison term for the former head of Italian food company Parmalat SpA Monday over its 2003 collapse in one of Europe’s biggest financial scandals.
3 safe places to stash your cash
With stocks and bonds in turmoil, and the housing market still in the dumps, you’re probably wondering: Are there any safe places to stash your money in this market?
…
Original Source: rss.cnn.com
Danger years: How to save your nest egg
Lawrence Ferreira, 56, has become bear-market road kill. The New York City attorney’s 401(k) plan, which is split between four stock funds, is down 35% this year, erasing tens of thousands of dollars in retirement assets.
…
Original Source: rss.cnn.com
Iceland acts to avoid bank chaos
Iceland offers an unlimited guarantee for all savers and announces emergency legislation to shore up its banks….
Original Source: news.bbc.co.uk
Bloody Monday For European Markets
Stocks end in the red after Europe fails to find the magic formula to restore confidence….
Original Source: www.forbes.com
Oil drops $5 to below $89 on demand concerns
NEW YORK (Reuters) - Oil dropped more than $5 to below $89 a barrel on Monday on expectations the growing financial crisis will further slow already faltering global fuel demand.
Stocks On A Downward Spiral
Investors give up on Wall Street as the Dow plunges below 10,000, its lowest level since 2004….
Original Source: www.forbes.com
Stocks slide despite reassurances
The UK’s top share index chalks up its biggest one-day points fall ever as Chancellor Alistair Darling tries to reassure financial markets….
Original Source: news.bbc.co.uk
RBS shares sink and S&P cuts credit rating
LONDON (Reuters) - Credit ratings agency S&P cut its rating on Royal Bank of Scotland on Monday, citing earnings and further writedown risks, just as its shares tumbled 20 percent as Europe’s banks were hit by deepening gloom.
U.S. calls for united front as crisis wrecks markets
NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday, but global stocks still plummeted as investors bet the $700 billion (402 billion pound) bailout could not avert a recession.
…
Original Source: feeds.reuters.com
FTSE posts biggest ever one-day points fall
LONDON (Reuters) - The leading share index recorded its biggest ever one-day points fall on Monday with banking and commodity stocks taking a battering as the fallout from financial crisis once again overwhelmed global markets. The FTSE 100 ended 391.1 points lower at 4,589.2, down 7.8 percent, the third biggest percentage decline, taking the index back to levels not seen for over four years.
…
Original Source: feeds.reuters.com
Government considers bank options
LONDON (Reuters) - The government promised on Monday to protect ordinary savers in the face of global financial turmoil, but shares in the country’s banks fell sharply on fears the government would seek partial ownership in return for support.
Bradford & Bingley bail out angers shareholders
LONDON (Reuters) - Small Bradford & Bingley shareholders fear that like investors in Northern Rock they stand to lose everything after the government bailed out the bank with a mixture of nationalisation and asset disposals.
Government mulls bank options
LONDON (Reuters) - The government promised on Monday to protect ordinary savers in the face of global financial turmoil but shares in the country’s banks fell sharply amid fears the government would seek partial ownership in return for support.
FTSEurofirst falls below 1,000
LONDON (Reuters) - A key pan-European share index plummeted 8.6 percent in late trade on Friday, on track for its worst one-day percentage fall on record and puncturing a key level for the first time in four years.
Darling pledges to support banks
Chancellor Alistair Darling says the government will do whatever necessary to maintain stability of the financial system as shares slide worldwide….
Original Source: news.bbc.co.uk
Suscribe