S&P and Nasdaq gain, but energy hits Dow Posted on December 20th
NEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.Read more Tagged as Business News Review | No Comments » | Continue
Bush unveils $17.4bn car bail-out
The US government has said it will provide $17.4bn (£11.6bn) in loans to help troubled carmakers General Motors and Chrysler ... Continue
December 19th / 0 comments
Oracle still looks strong despite 2Q earnings dip (AP)
SAN FRANCISCO - Oracle Corp.'s earnings are weakening for the first time in years, but the business software maker still ... Continue
December 19th / 0 comments
Obama promises to bolster financial regulation (Reuters)
CHICAGO (Reuters) – President-elect Barack Obama promised on Thursday to strengthen financial regulatory agencies and crack down on runaway "greed ... Continue
December 19th / 0 comments
FedEx profit up, but to cut costs as ‘09 looks bad (Reuters)
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December 18th / 0 comments
Obama Names Salazar As Secretary of Interior
President-elect Barack Obama today nominated Sen. Ken Salazar (D-Colo.) as interior secretary and former Iowa governor Tom Vilsack to be ... Continue
December 18th / 0 comments
HUD Chief Calls Aid on Mortgages A Failure
Secretary of Housing and Urban Development Steve Preston said the centerpiece of the federal government's effort to help struggling homeowners ... Continue
December 18th / 0 comments
Oil prices dip despite OPEC cuts
OIL prices have fallen, reversing earlier gains, despite news that the OPEC crude cartel had agreed to a record output ... Continue
December 17th / 0 comments
RBA tipped to cut rates to 3pc
WORSENING economic conditions may force the Reserve Bank to slash interest rates to a low of 3 per cent early ... Continue
December 17th / 0 comments
Fed slashes key rate to near zero
(CNN) -- The U.S. Federal Reserve cut a key rate Tuesday to a range of between zero and ... Continue
December 17th / 0 comments
Getting Bullish At The Wrong Time
Small investors and money managers alike are feeling a little happier about stocks this week, but that's not good. ... Continue
December 16th / 0 comments
Sticking his neck out
John W. Rowe, who heads Exelon Corp., parent of Philadelphia's Peco Energy, is considered an industry leader on ... Continue
December 16th / 0 comments
Sunoco CEO’s cost-cutting agenda
Sunoco Inc.'s new chief executive officer, Lynn Elsenhans, has big plans for the Philadelphia oil refiner.First up is ... Continue
December 15th / 0 comments
U. of C. ’s Goolsbee joins advisory board
When President-elect Barack Obama announced the latest members of his economic team at a Chicago press conference Wednesday, TV viewers ... Continue
December 15th / 0 comments
Barclays Expects House Price Fall
6:53am UK, Monday December 15, 2008 The head of Barclays Bank has told Sky News he expects further big falls in ... Continue
December 15th / 0 comments
Fame and Fortune: Peter York
Style expert, author and essayist Peter York first came to prominence in the 1980s for co-writing The Sloane Rangers’ Handbook ... Continue
December 14th / 0 comments
Rescue package for UK car firms
MINISTERS are set to unveil a limited aid package for beleaguered carmakers this week as fears grow over tens of ... Continue
December 14th / 0 comments
White House takes “available” time for autos
WASHINGTON (Reuters) - The White House was studying on Saturday how best to rescue collapsing U.S. automakers, a day after ... Continue
December 14th / 0 comments
Top investors ‘hit by $50bn con’
Some of the world's wealthiest private and corporate investors are reported to be victims of an alleged $50bn fraud by ... Continue
December 13th / 0 comments