posted by admin on Nov 19
AFP - US and European stock markets dived Wednesday after dismal US economic data added to recession fears and automakers called for government bailouts to stave off collapse.
posted by Yahoo! News
Archive for November 19th, 2008
posted by admin on Nov 19
AFP - US stocks plunged to five and a half year lows Wednesday after data revealed a sharp deterioration in the world’s largest economy and the Federal Reserve admitted the risk of a long recession.
posted by Yahoo! News
posted by admin on Nov 19
AP - Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit’s Big Three automakers amid a slumping economy disheartened investors.
posted by Yahoo! News
posted by admin on Nov 19
Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
posted by Yahoo! News
posted by admin on Nov 19
AFP - The Federal Reserve Wednesday acknowledged the possibility of a US recession into 2009, adding to gloom over the slowing global economy as American and European automakers begged for government help.
posted by Yahoo! News
posted by admin on Nov 19
Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
posted by Yahoo! News
posted by admin on Nov 19
AP - Wall Street turned sharply lower Wednesday, as a bailout of Detroit’s Big Three automakers appeared stalled on Capitol Hill, and another round of downbeat economic news further disheartened investors. The Dow Jones industrials fell more than 200 points.
posted by Yahoo! News
posted by admin on Nov 19
Reuters - Stocks extended losses on Wednesday as financial shares tumbled and uncertainty surrounding the prospects for a rescue of the U.S. auto industry fueled concerns about the deepening economic slump.
posted by Yahoo! News
