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- Sept. 17 (Bloomberg) -- The cost of borrowing in dollars for three months jumped the most since 1999 as banks hoarded cash amid concern more financial institutions will fail. The London interbank offered rate, or Libor, rose 19 basis points to 3.06 ...
- NEW YORK (CNNMoney.com) -- Oil prices rallied Wednesday after a couple of bruised and battered financial institutions received assistance and ahead of the government's weekly supply report. Oil traded up $3.07 to $94.22 a barrel. On Tuesday , oil ...
- PARIS (Reuters) - Stock index futures fell early on Wednesday, pointing to a lower start on Wall Street as the Federal Reserve's $85 billion rescue deal for embroiled AIG failed to soothe fears over the global credit crisis. By 5:15 a.m. EDT, S&P 500 ...
- SAN FRANCISCO - Business software maker Oracle Corp. is scheduled to report its fiscal first-quarter results on Thursday. The following is a summary of the key issues likely to affect the stock market's reaction to the results. OVERVIEW: Oracle has ...
- LONDON, Sept 15 (Reuters) - The yen appeared set on Monday for its biggest daily percentage gain versus the dollar in nearly two years as risk aversion mounted after Lehman Brothers (nyse: LEH - news - people ) filed for bankruptcy protection. But ...
- The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation and Merrill Lynch & Co. was close to a deal to sell itself to Bank of America Corp. The U.S. government, which bailed out ...
- THE GREATEST SIN that any Red Sox owner can commit is to allow a star player to move to New York. From Babe Ruth to Johnny Damon, these defections are greeted with howls of outrage from the fans and columnists of Red Sox Nation. But the Sox aren't ...
- Sept. 11 (Bloomberg) -- The Federal Reserve may have to increase the cash it provides to banks and brokers, already a record, to help them balance their books at the end of the year. Six bank failures in the past two months and rising concern about ...
- Sept. 10 (Bloomberg) -- The cost to protect against a default by banks and securities firms rose to the highest in six months as Lehman Brothers Holdings Inc. reported the biggest quarterly loss in its 158-year history and concern mounted that banks ...
- NEW YORK (Fortune) -- Lehman Brothers took the rare move of pre-announcing its third quarter earnings to quell the rampant speculation surrounding its financial health. Now that investors have greater insight into the firm's estimated $3.9 billion ...
- NEW YORK (CNNMoney.com) -- Stocks ended higher Wednesday as investors scooped up shares battered in the previous session's selloff and sorted through Lehman Brothers' steep quarterly loss and restructuring plans. Strong earnings forecasts from FedEx ...
- Sept. 10 (Bloomberg) -- The dollar rose to an 11-month high against the euro as crude oil fell and Lehman Brothers Holdings Inc.'s plan to sell assets assured investors. The yen fell against most of the major currencies on bets the Wall Street firm's ...
- The government's weekend takeover of Fannie Mae and Freddie Mac ensures that the two titans of the mortgage finance industry, which together control half the $12 trillion U.S. housing market, will wind up looking very different from the way they look ...
- New York - The high price of oil will allow the Iraqi government to rack up a budget surplus of 79 billion dollars by year's end, a report by the Government Accountability Office, quoted in Wednesday's New York Times said. The report by the US ...
- BLOOMSBURG, Pa. -- Every president has a political philosophy that guides him and, sometimes, the nation. President George W. Bush believes he has divine inspiration to do what he wants to do, when he wants to do it, and to make his subjects adhere ...
- On Monday we heard that Facebook was allowing current employees to sell a delineated portion of their common stock , something that the company confirmed on Tuesday. Now, VentureBeat's Eric Eldon, who also originally reported the Facebook tidbit ...
- DUMMERSTON, Vt. -- It has been said that the only difference between Wall Street and Las Vegas is that in Vegas, you get a buffet and a floor show. It's not news that financial markets are not a heck of lot different than casinos. After all, the same ...
- This is what you STUPID people get who voted for Bush Jr., aka the Shrub or "little bush". Over 4100+ Americans have died in vain to … read more support Bush's stupid oil war. So what do we get? "Mission Accomplished" with $4+ gas, thousands of GIs ...
- Finance Professor Larry Harper from Samford University’s Brock School of Business said Monday that bankruptcy for Jefferson County in connection with its 3 billion dollar sewer debt is not the county’s most desirable option for resolving its loan ...
- Kevin Martin, the Republican chairman of the Federal Communications Commission, is drawing fire from economic conservatives over his plan to declare that Comcast violated the law when throttling BitTorrent last year. The vote is expected at a FCC ...
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