Archive for November 19th, 2008
SEC puts off vote on credit rating rules
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Senate cancels vote on auto bailout
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Rome approves Alitalia buyout
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Dow plunges below 8,000 - 1st time since ‘03
Stocks fell hard on Wednesday, with the Dow closing below 8,000 for the first time since March 2003, as ongoing anxiety about the economy and uncertainty about the future of the auto industry weighed on the market.
Dollar down against major currencies
The dollar lost ground against major currencies Wednesday as stocks fell hard and reports showed an economy in contraction.
U.S. tries new tack on housing
The Bush administration said Wednesday that it was changing its nearly-moribund mortgage rescue plan in an effort to spark more lenders and homeowners to participate.
More trouble for auto bailout
Auto industry executives were back on Capitol Hill Wednesday to ask for a federal bailout but they once again faced an uphill battle in winning the necessary support from Congress for a $25 billion loan package.
Boeing cuts 800 Kansas jobs
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Fed hints at rate cut, lowers forecast
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Oil prices at near 22-month low
Oil prices fell to a nearly 22-month low Wednesday after a government report showed a bigger-than-expected rise in crude inventories, reinforcing concerns that demand for petroleum products is waning.
