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Wall Street hits four year low Monday, October 6, 2008 @ 1:42PMFinancial markets took a bleak view of the future today, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief.
Dow plunges 700 points amid global sell-off Monday, October 6, 2008 @ 1:42PMDespair about a weakening global economy is sweeping across Wall Street, propelling the Dow Jones industrials down more than 700 points. Investors around the world have been selling off stocks as they come to realize that financial systems in the United States and other countries need more than government bailouts to fix them. Meanwhile, the credit markets remain stagnant, a sign that banks ...
Oil Declines Below $89 a Barrel on Concern Demand Will Weaken Monday, October 6, 2008 @ 1:40PMOct. 6 (Bloomberg) -- Crude oil fell below $89 a barrel for the first time since February as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels.
Eastern Professional Hockey League Announces Changes for Inaugural Season Monday, October 6, 2008 @ 1:40PMThe Eastern Professional Hockey League announced today that the Hudson Valley Bears will join the league as a new team playing out of the Mid-Hudson Civic Center in Poughkeepsie , N.Y. and the Ice Time Sports Complex in Newburgh , N.Y. The team will announce its head coach and first player signings as well as website, contact, schedule and ticket information in the coming week.
Financial markets drop worldwide, Dow below 10,000 Monday, October 6, 2008 @ 1:40PM Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. • Check your stocks
As Global Markets Plunge, How Bad Can Crisis Get? Monday, October 6, 2008 @ 1:38PM As global markets continue to tumble, investors are worrying just how bad things can get. The| answer: Pretty bad.
Louisiana Governor Jindal Announces Fat Economic Deal Monday, October 6, 2008 @ 1:38PMInnovation For Energy
Federal solar tax credit extended to utilities Monday, October 6, 2008 @ 1:38PMThe Solar Electric Power Association expects solar generation to expand significantly thanks to the extension of federal solar tax credits to utilities.
Africa: GTV Gets $35 Million Boost As It Targets 1 Million Viewers Monday, October 6, 2008 @ 6:21AMPan African satellite TV operator GTV has received a capitalisation of $35 million, bringing the total capital invested into the company to almost $200 million.
BNP Goes Belgian With Fortis Buy Monday, October 6, 2008 @ 6:15AMThe French bank strengthens across the border with a major acquisition.
Television reception options are limited in Franklin County Sunday, October 5, 2008 @ 7:32AMWhen it came to her cable TV service, Shirley Koontz said she was "not a happy camper." There were no other cable providers, so she decided to switch from Comcast to DirecTV satellite.
Sorouh to launch sales of The Gate Towers at Cityscape Dubai Sunday, October 5, 2008 @ 7:31AM5th October 2008 - Abu Dhabi: Sorouh Real Estate Sorouh Real Estate PJSC, one of the leading Abu Dhabi-based real estate developers, will launch sales for The ARC in the Gate District at the first day of Cityscape Dubai 2008. The last of the four residential towers to go on sale, The ARC is a 17-storey semi-circular tower incorporating a mix of studios and 1- and 2-bedroom apartments.
Train finds new life in Pennsylvania tourism Sunday, October 5, 2008 @ 7:24AMJust keep chugging, and you could become a star.
Hydra Properties and Cubic Real Estate join forces to launch new iconic project at cityscape Dubai Sunday, October 5, 2008 @ 7:15AMHydra Properties and Cubic Real Estate join forces to launch new iconic project at cityscape Dubai
Local experts educate public about economic crisis Sunday, October 5, 2008 @ 7:14AMWall Street cries “beware,” while Wisconsin bankers urge be aware.
Arkansas economist sees prolonged recession Sunday, October 5, 2008 @ 2:53AMCiting new jobless figures, economist Greg Kaza with the Arkansas Policy Foundation reiterated his position that the nation has been in a recession since the first of the year and would likely remain in one for the foreseeable future.
Hard Rock Park falls on hard times Sunday, October 5, 2008 @ 2:49AMHard Rock Park has closed for the year after losing a whole lotta money.
After False Start, Financial Bailout Passes Sunday, October 5, 2008 @ 2:47AMWASHINGTON -- After one false start, Congress in the final week of its 2008 session passed the massive emergency rescue plan for the U.S. financial system.
EDITORIAL: Wood, Feller, Gibson best for Oceanside Sunday, October 5, 2008 @ 2:44AMPromoting business growth, development and investment in Oceanside needs to be maintained and re-inforced, especially given the difficult economic times the nation is now in. Thus we urge city voters to re-elect Mayor Jim Wood, who is continuing a ca
You are currently viewing this from 69.147.109.97 - Sunday, October 5, 2008 @ 2:43AMWELCOME GUEST! Capitalism is in the deepest crisis for 80 years, drunk on a binge of cheap money which made fools of the regulators, analysts say.
You are currently viewing this from 69.147.109.97 - Sunday, October 5, 2008 @ 2:43AMWELCOME GUEST! The United States looked Sunday to burgeoning trade, defense and other ties with powerhouse India after New Delhi tipped its hat to Washington for unlocking the door to the global nuclear market.
159,000 jobs cut last month, feds say Saturday, October 4, 2008 @ 5:18AMWASHINGTON – U.S. employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession.
For Treasury Dept., Now Comes Hard Part of Bailout Saturday, October 4, 2008 @ 5:13AMThe Treasury has barely a month to create one of the worlds largest asset management firms and put a dollar value on assets that no one wants.
Credit Crisis Spreads a Pall Over Silicon Valley Saturday, October 4, 2008 @ 5:09AMEntrepreneurs and investors believe the question is when, not if, the countrys cradle of innovation will be hurt.
UW expert: Economy holds its breath, waits Saturday, October 4, 2008 @ 5:05AMIf you imagine the economy as a living organism, then a University of Wyoming expert says credit is its oxygen supply.
Vietnam – a potential market for RoK businesses Saturday, October 4, 2008 @ 5:01AMThe Vietnam Chamber of Commerce and Industry (VCCI) and the Seoul Businesses Association (SBA) jointly held a meeting in Hanoi on October 2 to seek further opportunities for co-operation between Vietnam and the Republic of Korea’s enterprises.
Linn County takes a stand against crime, violence Thursday, October 2, 2008 @ 1:14PMCommunities across the country mark October as crime prevention month
Silicon Valley office vacancies up more than 13% in Q3 Thursday, October 2, 2008 @ 1:13PMCommercial real estate in Silicon Valley is showing the stress of economic conditions, brokerage CB Richard Ellis reported in third-quarter market summaries released Thursday.
Create Chaos 2008 To Hit Orlando in Two Weeks - Oct. 13-17 Thursday, October 2, 2008 @ 1:12PMThe creative industry event Create Chaos 2008 boasts 50+ expert speakers, a 40+ exhibitor Expo Hall centered around a Medici Garden Intersection with inspirational and educational stage presentations, a Job Fair specifically geared toward creative professionals and students, and unique networking parties/events throughout the week. Taking place in Orlando, FL on Oct. 13-17, 2008 at the Orlando ...
Crisis spreads; bailout focus on US House Thursday, October 2, 2008 @ 1:12PMShockwaves from the global credit crisis have spread, hitting industry and jobs worldwide and putting pressure on the US Congress to finish up a US$700 billion bailout of the US financial sector.
Investors to sue Lehman in Europe for compensation Thursday, October 2, 2008 @ 1:12PMInvestor rights group Deminor is launching legal action on behalf of people who lost money from securities issued by Lehman Brothers, the investment bank dragged under by the credit crunch.
Water firms plan big price hike Thursday, October 2, 2008 @ 1:11PMWater companies in England and Wales propose increasing the average customer bill by around 9% more than inflation between 2010-2015, the water regulator Ofwat has said.
Factory orders drop by 4 percent in August Thursday, October 2, 2008 @ 1:11PMWASHINGTON—Orders to U.S. factories plunged by the largest amount in nearly two years in August as the credit strains began to hit manufacturing with full force.
Enbridge Energy Partners to Webcast Its 2008 Third Quarter Results Thursday, October 2, 2008 @ 1:11PM Enbridge Energy Partners, L.P. will review the results of its third quarter 2008 operations and discuss its business outlook in an Internet presentation, beginning at 10 a.m. Eastern Time on Friday, October 31, 2008.
Iconic Sydney pie van celebrates 70 years Thursday, October 2, 2008 @ 1:10PMTourists are drawn here by word of mouth and travel guide blurbs, while Sydney businesspeople, taxi drivers and average Joes have long appreciated the waterfront icon for a good feed.
36 Hours of Alarm and Action as Crisis Spiraled Thursday, October 2, 2008 @ 6:04AMThe extent of the credit crisis that unfolded from the morning of Sept. 17 to the afternoon of Sept. 18 was unseen to the public but spooked policy makers into action.
France denies E300bn rescue plan bid Thursday, October 2, 2008 @ 6:03AMFrance has denied that it is to propose a E300 billion rescue plan for the European financial sector. Reuters has reported that the French had floated the idea of the E300 billion rescue fund but that the German Finance Ministry said it disagreed with the idea.
UBS returns to profit Thursday, October 2, 2008 @ 6:03AMSwiss bank signals it has turned as the corner amid global financial crisis
Ryanair file EU lawsuit against Alitalia Thursday, October 2, 2008 @ 6:03AMBusiness World is a service of Media World Ltd. All rights reserved. While every effort has been made to ensure the accuracy of the data provided, neither Media World Ltd nor its agents or representatives will be responsible for any loss or damage on the part of users however caused.
First Command opens office in Papillion Thursday, October 2, 2008 @ 6:01AMSarpy County Chamber of Commerce President Jane Nielsen and First Command Financial Service District Adviser Jim Dentinger cut the ribbon to celebrate the opening of the new First Command office at 1716 Charleston Drive in Papillion.
Credit Market Crisis Makes Recession More Likely Thursday, October 2, 2008 @ 6:00AMLower oil prices and infusions of private equity could lessen its duration and depth.
Cabinet-Congress meeting sought to counter US crisis Monday, September 29, 2008 @ 10:51PMSpeaker Prospero Nograles yesterday pressed for an economic summit or a meeting of Cabinet men and lawmakers to plot moves to counter the adverse effects of the US economic crisis on the Philippine economy.
Solons Busy Outside Office, New Income Report Shows Monday, September 29, 2008 @ 10:49PMIn addition to practicing politics, City Council members and borough officials have also been busy in the private sector this year, receiving paychecks for their work as lawyers, real estate owners, and even as an unofficial ambassador to Turkey. The ambassador was none other than the president of Brooklyn, Marty Markowitz, who was reimbursed somewhere between $1,000 and $5,000 by the Turkish ...
Philam not affected by AIG’s woes Monday, September 29, 2008 @ 10:48PMThe Insurance Commission yesterday said policyholders of Philamlife are adequately covered as the assets of the insurance company are kept mainly in the Philippines.
Dow plummets record 777 as financial rescue fails Monday, September 29, 2008 @ 10:48PM(AP:NEW YORK) The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff _ including a terrifying decline of nearly 500 points in mere minutes as the vote took place, the closest thing to panic the stock market has seen in years.
Fortis talks to continue over weekend: Regulator Saturday, September 27, 2008 @ 4:42AMThe future of troubled Belgian-Dutch financial group Fortis will be discussed by authorities over the weekend, a Belgian banking regulator said on Saturday.
Wen: China confident to ensure fast, sound growth Saturday, September 27, 2008 @ 4:41AMChina has full confidence and capability to overcome various difficulties to ensure sound and fast economic growth for an even longer period of time, said Premier Wen Jiabao on Saturday.
Where to Find College Funding in a Credit Crunch Saturday, September 27, 2008 @ 4:21AM(ARA) - This year alone, more than 60 lenders have exited the federal student loan market and in the private market, most lenders have significantly tightened restrictions or left the business altogether.
Wachovia concerns stirred up by WaMu failure Saturday, September 27, 2008 @ 4:18AMAlthough Wachovia has been mentioned as one of the more troubled big U.S. banks, at least some analysts think it is not at risk and is...
Fannie-Freddie exit plan proposed Saturday, September 27, 2008 @ 4:17AMFannie Mae and Freddie Mac, the mortgage-finance companies seized by the government this month, would have two years to either return to...