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Paulson says U.S. planning to buy financial equity
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081011/bs_nm/us_financial_g7_paulson"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081011/2008_10_10t205827_450x330_us_financial_g7_paulson.jpg?x=130&y=95&q=85&sig=Aa04OprEZoV6yiVZJRm4Ew--" align="left" height="95" width="130" alt="U.S. Treasury Secretary Henry Paulson speaks at a news conference after the G7 Ministerial meeting in Washington October 10, 2008. The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. (Yuri Gripas/Reuters)" border="0" /></a>Reuters - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday.</p><br clear="all"/> |
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GM, Chrysler in merger talks: source
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081011/bs_nm/us_autos_chrysler_gm"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081011/2008_10_10t224717_312x450_us_autos_gm_merger_report.jpg?x=90&y=130&q=85&sig=0V0XgOiRpM36E4WMGaZ0Qg--" align="left" height="130" width="90" alt="General Motors Corp Headquarters is seen along the Detroit River in Detroit, Michigan September 17, 2008. (Rebecca Cook/Reuters)" border="0" /></a>Reuters - General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.</p><br clear="all"/> |
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Ford plans to sell Mazda shares: source
(Reuters)
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Reuters - Ford Motor Co is considering selling its stake in Japan's Mazda Motor Co (7261.T), a source familiar with the matter said on Saturday, as debt-laden U.S. automakers struggle with weakening auto sales and the global credit crunch. |
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U.S. works on bank plan, IMF warns of further market fall ...
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081011/bs_nm/us_financial2"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081011/2008_10_10t195458_450x325_us_financial2.jpg?x=130&y=93&q=85&sig=L9kJYpe_tT.EvxKJs2Gi1g--" align="left" height="93" width="130" alt="U.S. Treasury Secretary Henry Paulson (R) talks to Federal Reserve Chairman Ben Bernanke at the beginning of the G7 Ministerial meeting at the Treasury Department in Washington October 10, 2008. (Yuri Gripas/Reuters)" border="0" /></a>Reuters - The U.S. government pushed on Saturday to finalize a plan to buy direct stakes in American banks as the International Monetary Fund warned markets could drop another 20 percent in a worst-case scenario.</p><br clear="all"/> |
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Market ends mostly lower after wild session
(Reuters)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081010/bs_nm/us_markets_stocks1"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081010/2008_10_10t065214_450x356_us_markets_stocks.jpg?x=130&y=102&q=85&sig=KtVvsV1qMT5Lwmtwf36MGQ--" align="left" height="102" width="130" alt="A trader works on the floor of the New York Stock Exchange, October 7, 2008. (Brendan McDermid/Reuters)" border="0" /></a>Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.</p><br clear="all"/> |
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Money-market funds flock to guarantee program
(AP)
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AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday. |
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Apparel chains report dismal September sales
(AP)
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<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20081009/ap_on_bi_ge/retail_sales"><img src="http://d.yimg.com/us.yimg.com/p/ap/20081009/capt.1fe111ca028b4b94b7c03e1054a5bf53.abercrombie_fitch_sales_nybz167.jpg?x=130&y=106&q=85&sig=_0sPQjsXWF1lKoG0dlthHg--" align="left" height="106" width="130" alt="In this Aug. 12, 2008 file photo, shoppers walk in front of a Abercrombie & Fitch store in San Jose, Calif. Teen apparel retailer Abercrombie & Fitch Co. said Thursday, Oct. 9, 2008, that its September same-store sales dropped 14 percent, more than quadruple the drop Wall Street expected. (AP Photo/Paul Sakuma, file)" border="0" /></a>AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.</p><br clear="all"/> |
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