Driving onwards
Tuesday, September 30th, 2008The hunt for profits dominates motor show talk
Archive for September, 2008
Bush pushes revived bailout
Tuesday, September 30th, 2008NEW YORK/WASHINGTON (Reuters) - U.S. lawmakers and President George W. Bush eased pressure on financial markets on Tuesday by starting work to revive a $700 billion bailout plan to stem a credit crisis that has spread beyond Wall Street to claim more European banks.
Nasdaq to cancel some late trades in Google shares
Tuesday, September 30th, 2008NEW YORK (Reuters) - The Nasdaq Stock Market said it will cancel some of the late trades in Google Inc , whose shares appeared to plunge as low as 1 cent at the close of North American markets on Tuesday.
Stocks rebound with eyes on Congress
Tuesday, September 30th, 2008Sep 30 - Wall Street followed its worst day in over 20 years with the biggest one-day percentage gain for the S&P 500 in more than six years.
Wall Street rallies on bailout revival hopes
Tuesday, September 30th, 2008NEW YORK (Reuters) - Wall Street roared back on Tuesday, a day after its worst sell-off in 21 years as investors bet Washington would revive a plan to stabilize the U.S. financial sector following its surprising defeat on Monday on Capitol Hill.
Wells Fargo still waiting for right deal
Tuesday, September 30th, 2008NEW YORK (Reuters) - Wells Fargo & Co Chairman Richard Kovacevich says he feels like a kid in a candy store. But he's taking his time to decide what to buy.
Netscape founder Andreessen joins eBay’s board
Tuesday, September 30th, 2008SAN FRANCISCO (Reuters) - EBay Inc said on Tuesday that Netscape founder Marc Andreessen had joined the online auctioneer's board of directors.
Barclays gets most Fannie, Freddie, FHLB business
Tuesday, September 30th, 2008NEW YORK (Reuters) - Barclays Capital, the investment banking arm of Barclays Plc , retained its spot as top underwriter in the $3 trillion federal agency debt markets in 2008 year-to-date from a year earlier, according to Thomson Reuters.
Oil rises $6 on bailout optimism
Tuesday, September 30th, 2008NEW YORK (Reuters) - Oil rose $6 per barrel on Tuesday to over $102 as expectations U.S. lawmakers would pass a financial stability plan boosted global markets.
FDIC wants to raise deposit insurance limit: source
Tuesday, September 30th, 2008WASHINGTON (Reuters) - The chairman of the House Financial Services Committee has told lawmakers that a federal bank regulator will seek authority to increase the deposit insurance limit to a level above its current $100,000, said a source familiar with the chairman's thinking.