NEW YORK (Dow Jones)–Unprecedented events in financial markets have left
economists uncertain whether a continued bloodbath in the stock market would
drive the Federal Reserve toward an emergency rate cut.
Some leading economists had already thought the Fed would opt for emergency
action after Friday’s dismal report on hiring in September. Those expectations
were renewed Monday amid a massive route [...]

SAN FRANCISCO (Dow Jones)–Microsoft Corp. (MSFT) Friday said it may have to make
“some adjustments” to its hiring plans due to the tough economic environment, but
stressed that it hadn’t initiated a hiring freeze.
In a statement, the Redmond, Wash.-based software giant said it would “continue
to grow and add thousands of jobs this year.”
“Given the current economic environment [...]

PARIS (Dow Jones)–The European banking sector continues to be reshuffled at
breakneck speed, as several household institutions either fall into the hands of
more powerful rivals or are being nationalized by their governments.
While the dust hasn’t settled yet, a handful of banks seem to be benefiting from
the current turmoil and are emerging as winners: HSBC Holdings PLC [...]

BRUSSELS (Dow Jones)–The European Commission Monday said there are concerns that
the scope of the Irish government’s bank deposit guarantees goes beyond what the
commission considers acceptable under its rules on admissible state aid.
In general, the commission considers retail deposit guarantees to be acceptable
as they are unlikely to “give rise to distortions in competition,” the
commission’s spokesman Jonathan [...]

What Happened to Gold Stocks in the Great Crash Era (1929 - 1935)?
In October 1929 equities had reached unprecedently high levels of valuation. Although there were several causes of the 1929 crash, much of the blame may be attributed to the abuses of the infamous investment trusts - which enjoyed wildly accelerated growth from 1924 [...]

DUBLIN (Dow Jones)–Ireland’s finance minister said Tuesday that the decision to
guarantee the banking system for two years was primarily aimed at addressing
liquidity concerns and ensuring banking funds don’t dry up.
Finance Minister Brian Lenihan said if funds dried up for Irish banks it would be
“very, very serious for the Irish economy” and said that the government [...]

CHICAGO (Dow Jones)–A closely watched indicator of business activity in the
Chicago region showed higher-than-expected growth in September while pointing to
continued inflationary pressure.
Data released Tuesday by the Institute for Supply Management-Chicago also showed
that Chicago-area purchasing managers surveyed last week weren’t experiencing any
disruption in their normal course of financial management.
ISM-Chicago’s business barometer for September came in at [...]

WASHINGTON (Dow Jones)–U.S. President George W. Bush vowed Tuesday that the
House’s rejection of financial-bailout legislation won’t end the administration’s
drive for a rescue plan, saying a bill is urgently needed to avoid dire
consequences for the U.S. economy.
“As much as we might wish the situation were different, our country is now facing
a choice between government action and [...]

SAN FRANCISCO (Dow Jones)–International Business Machines Corp. (IBM) said
Tuesday it was making its Lotus Notes tools, including email and calendar
applications, available for Apple Inc.’s (AAPL) iPhone.
Armonk, N.Y.-based IBM said that the latest version of Notes would allow
customers to access the software via the Safari browser on the iPhone.
The iPhone, which is still primarily a consumer [...]

NEW YORK (Dow Jones)–Steep losses Monday in bank stocks reflect the dire straits
the banking industry may face if politicians reach no agreement on the financial
rescue package.
“All of us are just numb,” said Frank J. Barkocy, the director of research at
Mendon Capital Advisors Corp. Asked if he fears more big banks might not pull
through the crisis, [...]

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