October 21, 2008

Stocks end lower amid mixed earnings reports

Wall Street is down again as investors worry that companies’ forecasts for the fourth quarter and beyond signal little easing of the weakness gripping the economy.
   

Online bargain hunters find real estate deals

A new buyer’s market is gobbling up homes once valued in the million dollar range.


October 20, 2008

Asian stocks advance to start week

South Korea’s government moved to shore up the country’s banking system amid the global credit crisis.


October 17, 2008

French bank posts 9-digit loss

A French bank has revealed an $810 million loss in what it calls a “significant” market incident


October 16, 2008

World markets tumble again

Tokyo’s Nikkei fell more than 11 percent, it’s biggest one-day drop since the stock market crash of October 1987.


October 14, 2008

Wall Street rallies, still long way to go

Even with Monday’s advance of 936 points, the Dow remains almost 34 percent below its record close.


October 13, 2008

Wall Street’s roller coaster heads up, for now

Wall Street stormed back on Monday, although no one’s sure whether it’s yet to hit bottom.

Wall Street soars as government pledges bank aid

Wall Street has stormed back from last week’s devastating losses, sending the Dow Jones industrials soaring a nearly inconceivable 938 points after major governments’ plans to support the global banking system reassured distraught investors.
   


October 10, 2008

U.S. leaders try to slow world market meltdown

As world finance ministers look at the big picture in Washington this weekend, workers around the country are starting to see the impact of this credit crunch.

Wall Street ends a wild week

Wall Street has ended a wild session with its best showing of the week.


October 09, 2008

Investors bracing for another wild ride

The Dow slipped 189 points, Asian markets rallied, Russia and Indonesia remained closed after the Fed and six other banks slashed interest rates.


October 08, 2008

Neiman Marcus unwraps holiday book

Neiman Marcus unveils its Christmas book amid the worst economic crisis.


October 07, 2008

Futures point to positive Wall Street open

Still the Dow lost 370 points yesterday in yet another day of extreme volatility and worldwide worries about the financial crisis and stubborn credit, even after the 700 billion dollar U.S. bailout.

House to hold 401K hearings

A House panel today looks into how the stock market slide is impacting retirement accounts.

Feds consider bold debt purchase plan

The government is considering a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is threatening the economy.

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