Archive for November 12th, 2008

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AP - Hong Kong’s stock index has plunged over 6 percent in early trade, tracking Wall Street’s sharp lossses overnight.

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posted by admin on Nov 12

Traffic at a New Jersey Turnpike toll booth in a file photo. (File/Reuters)Reuters - U.S. crude oil futures fell more than $1 after Wednesday’s settlement on mounting pessimism about the global economic outlook.


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posted by admin on Nov 12

Traders watch stock prices and foreign exchange rate at a foreign exchange in Tokyo Thursday, Nov. 13, 2008. Stocks sank in Japan early Thursday after another bad day on Wall Street. The Nikkei 225 stock average plummeted down over 5 percent as the day's session began, and was down 357.70 points, or 4.1 percent, at 8,337.81 after about an hour of trading.  The yen also jumped against the dollar, and was trading at 95.58 yen against the greenback in Asia. (AP Photo/Koji Sasahara)AP - An increasingly despondent Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won’t buy banks’ soured mortgage assets after all. The Dow Jones industrials dropped more than 410 points, and all the major indexes lost more than 4 percent.


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posted by admin on Nov 12

Traders work on the floor of the New York Stock Exchange, November 12, 2008. (Brendan McDermid/Reuters)Reuters - Stocks sank on Wednesday for the third day after the United States backed away from using its $700 billion bailout to mop up sour mortgages and added to uncertainty about how the government plans to revive bank lending.


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posted by admin on Nov 12

Traders work on the floor of the New York Stock Exchange (NYSE) on November 10, 2008 in New York City. US stocks plunged Wednesday as global markets were rattled by further signs of recession in Europe and a shift in the US financial bailout strategy.(AFP/Getty Images/File/Spencer Platt)AFP - US stocks plunged Wednesday as global markets were rattled by further signs of recession in Europe and a shift in the US financial bailout strategy.


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posted by admin on Nov 12

Specialist Michael Sollitto works at his post on the floor of the New York Stock Exchange Tuesday, Nov. 11, 2008. Wall Street got another dose of painful reality Tuesday, with stocks falling sharply as investors recognized that few industries are safe from the consumer spending slump — whether they're building homes, making cars or selling coffee. The Dow Jones industrial average managed to lift off its lows of the day, but still closed down nearly 180 points.  (AP Photo/Richard Drew)AP - A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won’t buy banks’ soured mortgage assets after all. The Dow Jones industrials skidded 410 points, and all the major indexes dropped more than 4 percent.


posted by Yahoo! News

posted by admin on Nov 12

Traders work on the floor of the New York Stock Exchange, November 12, 2008. (Brendan McDermid/Reuters)Reuters - Stocks tumbled on Wednesday after the United States backed away from using its $700 billion bailout to mop up sour mortgages and added to uncertainty about how the government plans to revive bank lending.


posted by Yahoo! News

posted by admin on Nov 12

Traffic at a New Jersey Turnpike toll booth in a file photo. (File/Reuters)Reuters - Oil fell 5 percent to $56 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.


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