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Member 2308
Fed, central banks cut rates amid clamor to act (Reuters)
09-10-2008 02h42Reuters - Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamor for concerted action to contain the worst financial crisis since the Great Depression.
Credit, economic worry roil stocks (Reuters)
09-10-2008 02h43Reuters - Stocks were moderately higher on Wednesday after sharp declines throughout the morning as investors feared coordinated official interest rate cuts would fail to heal turbulent credit markets and prevent a global recession.
Wachovia, Citi, Wells Fargo extend litigation halt (Reuters)
09-10-2008 02h00Reuters - Wachovia Corp , Citigroup Inc and Wells Fargo & Co agreed again to hold off on litigation over the acquisition of Wachovia while talks between the banks and the Federal Reserve continue.
August pending home sales jump 7.4 percent: NAR (Reuters)
09-10-2008 02h23Reuters - Pending sales of existing U.S. homes unexpectedly jumped in August to the highest in over a year, data from a real estate trade group showed on Wednesday.
Yahoo shares plunge as Wall St. cuts target prices (Reuters)
09-10-2008 00h50Reuters - Shares in Yahoo Inc dropped as much as 9.5 percent in early trading on Wednesday after two groups of Wall Street analysts cut their price targets for the Web company's stock due to a weakening display advertising outlook.
Fed, central banks cut rates amid clamor to act (Reuters)
09-10-2008 02h42Reuters - Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamor for concerted action to contain the worst financial crisis since the Great Depression.
Consumer credit marks first fall since January 1998 (Reuters)
08-10-2008 05h02Reuters - U.S. consumer borrowing fell for the first time in more than a decade in August amid tighter credit markets, tougher lending standards and declining consumer spending, a Federal Reserve report showed on Tuesday.
September sales disappoint, some forecasts cut (Reuters)
09-10-2008 02h31Reuters - Retailers posted disappointing September sales on Wednesday, hurt by a global financial crisis that prompted shoppers to turn more frugal and raised concerns of an even weaker holiday shopping season.
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