Archive for November 13th, 2008
Dodd: Auto bailout lacks GOP support
The top Democrat on the Senate Banking Committee said Thursday there is not enough support among Republicans to pass a proposed bailout package for the auto industry.
Pushing for global reforms at G-20
World leaders will descend on Washington Friday to talk about what’s needed to get the global economy back on track. But few expect quick fixes.
Investors pull $31.8B out of stock funds
Jittery investors began taking money out of stock-based mutual funds again this week, after a brief letup last week.
Stocks snap 3-day losing streak
Stocks surged Thursday, with the Dow posting its third best single-session point gain ever, as the major stock gauges bounced back from levels not seen since 2003.
Fed lends less to banks
Financial institutions borrowed a bit less from the Federal Reserve for the second-straight week, according to a report released Thursday.
‘Hedge funds will be decimated’
A Congressional panel grilled five of the world’s richest and most powerful hedge fund managers Thursday as lawmakers sought to understand how much blame they could assign the little-understood hedge fund industry for the global economic collapse.
Gasoline at 21-month low
Gasoline prices fell to their lowest level in 21 months Thursday, sinking below the $2.20-a-gallon mark, according to a survey for a motorist group.
76% say Obama can fix economy - poll
A poll released Thursday found that a majority of Americans believe that President-elect Barack Obama can fix the economy.
Chrysler’s CEO: Need aid for survival
Read full story for latest details.
Can you count on GE’s dividend?
Is GE’s dividend safe? That question is likely on the minds of many shareholders who have watched the value of their GE shares sink more than 50% over past year, mainly over worries about the potential for more losses at the company’s financial arm, GE Capital.
