Reuters - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday.
Publ.Date : Sat, 11 Oct 2008 01:51:58 GMT
Reuters - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.
Publ.Date : Sat, 11 Oct 2008 06:48:57 GMT
Reuters - Ford Motor Co is considering selling its stake in Japan's Mazda Motor Co, a source familiar with the matter said on Saturday, as debt-laden U.S. automakers struggle with weakening auto sales and the global credit crunch.
Publ.Date : Sat, 11 Oct 2008 07:13:51 GMT
Reuters - The U.S. government pushed on Saturday to finalize a plan to buy direct stakes in American banks as the International Monetary Fund warned markets could drop another 20 percent in a worst-case scenario.
Publ.Date : Sat, 11 Oct 2008 10:20:13 GMT
Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.
Publ.Date : Fri, 10 Oct 2008 20:48:18 GMT
AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday.
Publ.Date : Fri, 10 Oct 2008 11:12:31 GMT
AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.
Publ.Date : Thu, 09 Oct 2008 19:33:34 GMT
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