Archive for November 18th, 2008
A gallon of gas or a share of GM?
Most financial experts advise avoiding so-called penny stocks, typically shares of small companies with low stock prices that are not actively traded or followed closely by analysts.
Heated debate over auto bailout
The case for a bailout of U.S. automakers came under sharp scrutiny on Tuesday at a congressional hearing that portrayed the Big Three as both short-sighted in their business strategies and central to the economy.
MGM Mirage appoints new CEO
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A collapsed hedge fund’s overlooked wind wager
Tontine Associates, the once gilt-edged hedge fund that collapsed rapidly over the past two months in the wake of the market’s carnage, was renowned for its massive and highly contrarian bets in industries like home-building and steel manufacturing.
NYSE may de-list Fannie Mae stock
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GE to shake up lending division
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Stocks fight back
Wall Street ended a volatile session higher Tuesday, as stocks dropped to within a few points of 2003 levels and then bounced back.
SEC: 4 illegally inflated bank portfolio
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Stimulus: Risk of waiting for Obama
Mass layoffs. A dismal outlook for retailers. The prospect of state budget cuts. An economy in contraction, and forecasts that the decline will accelerate.
Builders’ confidence sinks to new low
Homebuilders’ confidence in the housing market again plunged to a record low, dragged down by poor financial market conditions, rising unemployment and consumer anxiety, a trade group said Tuesday.
