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Reuters EU Details $957 Billion Rescue Package New York Times BRUSSELS — European leaders agreed on Monday to provide a huge rescue package of nearly $1 trillion in a sweeping effort to combat the debt crisis that has engulfed Europe and threatened markets around the world. ..
Archive for the ‘Markets’ Category
Stocks: After the avalanche
Posted by Joel Backman on May 9th, 2010
A brutal week on Wall Street left all three major stock gauges in negative territory for the year and the Nasdaq in full-on ‘correction’ mode.
Freddie Mac needs another $10.6 billion
Posted by Joel Backman on May 6th, 2010
Freddie Mac on Wednesday requested another $10.6 billion handout from the federal government.
European Stocks Down; Sovereign Debt Worries Weigh
Posted by Joel Backman on May 5th, 2010
Telegraph.co.uk GLOBAL MARKETS: European Stocks Down; Sovereign Debt Worries Weigh Wall Street Journal By Andrea Tryphonides & Michele Maatouk Of DOW JONES NEWSWIRES LONDON (Dow Jones)–European stocks pushed lower again Wednesday and the euro posted a fresh one-year low, unable to capitalize on a small recovery earlier in the session as sovereign debt …
Toyota Renews US Offers; Nissan Boosts Sales 35%
Posted by Joel Backman on May 4th, 2010
Reuters Toyota Renews US Offers; Nissan Boosts Sales 35% BusinessWeek May 4 (Bloomberg) — Toyota Motor Corp. extended discounts that brought back-to-back US sales increases, and Nissan Motor Co.
Pearson Agrees To Sell Interactive Data Stake For Around $2B
Posted by Joel Backman on May 4th, 2010
Stockopedia Pearson Agrees To Sell Interactive Data Stake For Around $2B Wall Street Journal LONDON (Dow Jones)–Pearson PLC (PSON.LN) said Tuesday it has agreed to sell its 61% controlling stake in Interactive Data Corp. (IDC) for $33.86 a share, netting the UK-based publisher around $2 billion before tax. …
Markets at a turning point
Posted by Joel Backman on May 2nd, 2010
The Dow Jones industrial average broke its 8-week winning streak last week, ending its longest run of gains in six years and setting stocks up for what could be a bigger pullback.
US economy grows by 3.2% in first quarter
Posted by Joel Backman on May 1st, 2010
Washington Post US economy grows by 3.2% in first quarter BBC News The US economy grew at an annualised rate of 3.2% in the first three months of the year, official figures have shown. The continued recovery in the world's biggest economy was founded on strong personal consumption, the Commerce Department said. ..
Posted in General, Markets 
Tags: annualised-rate, biggest-economy, consumers-help, growth-rate 
No Comments »European Stocks Post Weekly Decline on Debt Concern; Banks Drop
Posted by Joel Backman on May 1st, 2010
The Guardian European Stocks Post Weekly Decline on Debt Concern; Banks Drop BusinessWeek May 1 (Bloomberg) — European stocks posted the biggest weekly drop since February on concern that Greece's debt crisis will spread across the region. Credit Agricole SA paced declines in bank shares. Rio Tinto Group led mining shares ..
Posted in Markets, Stock Market Tags: credit-agricole, european, package, stocks, tinto-group No Comments »
