Member 733


Wall Street stays near lows on Bernanke comments (Reuters)

02-12-2008 04h09
Reuters - Stocks stayed near session lows on Monday after Federal Reserve Chairman Ben Bernanke said that the U.S. economy remained under considerable stress.

Fed's Bernanke says U.S. policy must act with vigor (Reuters)

02-12-2008 04h08
Reuters - Federal Reserve Chairman Ben Bernanke warned on Monday that the U.S. economy remained under considerable strain and said policy-makers must be ready to take decisive action to protect jobs and growth.

U.S. entered recession December 2007, panel says (Reuters)

02-12-2008 04h53
Reuters - The economy slipped into recession in December 2007, the nation's business cycle arbiter declared on Monday, and the downturn could be the worst since World War Two.

Manufacturing sags to weakest since 1982: ISM (Reuters)

02-12-2008 00h53
Reuters - Factory activity fell in November to its weakest since the 1981-1982 recession, according to an industry report released on Monday.

Retail stocks fall on holiday shopping worries (Reuters)

02-12-2008 04h28
Reuters - Key retail stocks fell on Monday as investors feared that deep discounts offered by U.S. stores during the year's first holiday shopping weekend could sap profits and would not save a bleak season.

Bank stocks tumble again as gloom deepens (Reuters)

02-12-2008 02h40
Reuters - U.S. bank stocks tumbled on Monday on expectations that a deepening global economic slump will reduce employment, crimp borrowers' access to credit and spur more writedowns.

Investors sue Countrywide to force loans purchase (Reuters)

02-12-2008 04h50
Reuters - A group of bond investors on Monday sued Bank of America -owned Countrywide Financial demanding that Countrywide buy every mortgage loan for which it agrees to reduce the payments under a predatory lending settlement agreement.

General Growth Properties gets loan reprieve (AP)

01-12-2008 21h19
AP - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders.

Retailers offer deals, discounts on 'Cyber Monday' (AP)

02-12-2008 04h25
AP - Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyber Monday" to try to get consumers tired of the crowds at stores to keep shopping.
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