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Wall Street fluctuated today as investors reacted enthusiastically to the U.S. government's plans to spend $250 billion to buy stock in private banks but also collected profits from the previous day's massive advance. The Dow Jones industrial average shifted between modest losses and gains a day after its record 936-point jump. ...more
October 14, 2008
The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the Dodge and Jeep maker. ...more
October 14, 2008
Given the uncertainty in the economy, I thought I would share with you my concern about Congress' recent efforts to address the faltering credit markets. ...more
October 14, 2008
Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday, catapulting the Dow Jones industrials to a 936-point gain and finally offering relief from eight consecutive days of stock market carnage. ...more
October 13, 2008
After a whirl of emergency meetings, government leaders on both sides of the Atlantic produced bold promises to rescue the global financial system, but were still racing to work out details to calm battered stock markets before they opened today. ...more
October 13, 2008
It didn't last as long as the 100 Years' War, but there have been times when the dispute over claims that Aloha Utilities was delivering "black" drinking water to its customers in the Seven Springs-Trinity area of southwestern Pasco County had an "isn't-this-ever-going-to-end?" feel to it. Zooming ahead from the mid-15th century to 1938, it may be time to declare "Peace is at hand." ...more
October 11, 2008
Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up some shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to an advance of more than 100 before turning sharply lower again, and the other major indexes fluctuated widely as well. ...more
October 10, 2008
The credit markets can be mind-numbing in their complexity, but they are vital to what happens in our everyday lives. They're also the reason President Bush proposed the controversial $700 billion rescue plan. Here are some answers to questions about the credit markets. ...more
October 8, 2008
The collapse of Wall Street and the freeze of credit markets can be traced to one unlikely culprit: Cindy Crawford. ...more
October 8, 2008
The misery worsened on Wall Street on Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points. ...more
October 8, 2008
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