Member 3637


Wells could win 75-80 percent of Wachovia deposits: source (Reuters)

08-10-2008 06h19
Reuters - Wells Fargo & Co is likely to get about 75 to 80 percent of Wachovia Corp's deposits, while Citigroup Inc would get the remainder, a person briefed on the matter said on Tuesday.

Wall St sinks for fifth day as credit worries mount (Reuters)

08-10-2008 06h18
Reuters - Stocks tumbled for a fifth straight session on Tuesday, capping the Dow's biggest five-day point loss ever, as fears mounted that the rapidly spreading credit crisis would drag the economy into a deep recession.

Alcoa profit drops on lower aluminum prices (Reuters)

08-10-2008 06h21
Reuters - Aluminum producer Alcoa Inc on Tuesday posted a quarterly profit that missed analysts' estimates on softer demand, higher costs and sharply lower prices for aluminum.

Morgan Stanley and Mitsubishi clear hurdle, shares fall (Reuters)

08-10-2008 05h49
Reuters - Morgan Stanley said on Tuesday its deal to sell a stake to Japanese bank Mitsubishi UFJ Financial Group (8306.T) was on track to close promptly, easing fears about the deal which earlier sent its shares plummeting.

Bernanke signals readiness to cut rates (Reuters)

08-10-2008 04h27
Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday signaled a readiness to lower U.S. interest rates in a dramatic shift to support an economy battered by a financial crisis of "historic dimension."

Panicked Arab stock markets plunge, Israel gains (AFP)

08-10-2008 03h05
AFP - Stock markets plunged across the Arab world on Tuesday as panic over the global financial crisis gripped investors, wiping billions of dollars off share values.
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