August 22, 2008
AP - Federal regulators said Friday that investors who bought risky auction-rate securities from Merrill Lynch & Co. before the market for those bonds collapsed will be able to recover up to $7 billion under a new agreement.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - Toronto stocks finished a strong week
on a losing note on Friday, retreating on the back of sagging
oil and metals prices, with losses offset partly by stronger
financial issues.
Category:
Business | Comment: 0 |
More »
August 22, 2008
AP - In extended headlines of Aug. 21 stories about clothing retailer Aeropostale Inc.'s second-quarter earnings report and the company's outlook, The Associated Press erroneously spelled the name. It is Aeropostale, not Aerpostale or Aeropostal.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - U.S. companies would be able to file
financial results using international accounting standards
according to a timetable U.S. securities regulators will
propose next week.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - Any effort by the Treasury
Department to backstop Fannie Mae and Freddie Mac
would seek to maintain the companies as
shareholder-owned enterprises, a source familiar with Treasury
thinking said on Friday.
Category:
Business | Comment: 0 |
More »
August 22, 2008
AFP - The FTSE 100 index finished near its session high Friday as investors took heart from signs of more merger and acquisition activity in the banking sector.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - Moody's Investors Service on Friday
cut its ratings on the preferred stock of Fannie Mae
and Freddie Mac on concern that market turmoil has hurt
their access to capital.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - Federal Reserve Chairman
Ben Bernanke on Friday said the stronger dollar and lower oil
prices, along with the weak economy, should curb inflation, in
a hint that interest rates would stay on hold, though he warned
the inflation outlook is "highly uncertain."
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - The Big 3 Detroit-based automakers are
seeking about $25 billion in federal loans as they struggle to
ride out a steep downturn in U.S. auto sales, The Wall Street
Journal reported on Friday.
Category:
Business | Comment: 0 |
More »
August 22, 2008
Reuters - Women's clothing retailer AnnTaylor
Stores Corp reported a higher-than-expected quarterly
profit and affirmed its full-year outlook, as tight control of
inventories and costs helped offset falling sales.
Category:
Business | Comment: 0 |
More »