Oct
11
General Motors held merger talks with Chrysler: reports
October 11, 2008 | Leave a Comment
By Alexander Davis
SAN FRANCISCO (MarketWatch) — General Motors Corp. reportedly has held preliminary talks to acquire Chrysler LLC, against the backdrop of an increasingly bleak decline for the auto industry. Reports on Friday night by The Wall Street Journal and the New York Times both cited unnamed people familiar with discussions between the two U.S. [...]
Oct
7
Pakistan facing bankruptcy
October 7, 2008 | Leave a Comment
Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food.
Nine months ago, Pakistan had $16 bn in the coffers.
The government is engulfed by crises [...]
Oct
6
US MORNING BRIEFING: Analyst Ratings Changes
October 6, 2008 | Leave a Comment
US MORNING BRIEFING: Analyst Ratings Changes
Last Update: 10/6/2008 7:08:39 AM
DJIA Futures 10095.0 -269.0 -2.6%
S&P 500 Futures 1078.5 -29.8 -2.7%
Nasdaq Futures 1437.0 -40.5 -2.7%
Above are as of 0613 ET
FTSE 100 [...]
Sep
28
U.S. policy makers say tentative rescue plan is set
September 28, 2008 | Leave a Comment
TEL AVIV (MarketWatch) — U.S. policy makers, working through Saturday night into
Sunday, said they’d had outlined a plan to rescue the financial system but needed
to put it on paper before saying that they had a final deal, The Wall Street
Journal reported Sunday morning. Treasury Secretary Henry Paulson, House Speaker
Nancy Pelosi, and Senate Majority Leader Harry [...]
Sep
28
Top U.S. policy makers say tentative $700 billion rescue plan set
September 28, 2008 | Leave a Comment
TEL AVIV (MarketWatch) — U.S. policy makers, working through Saturday night into
Sunday, said they’d outlined a plan to rescue the financial system but needed to
put it on paper before saying that they had a final deal, The Wall Street Journal
reported Sunday.
Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi, and Senate Majority
Leader Harry Reid stood with [...]
Sep
23
Automakers lobbying for inclusion in Treasury plan: report
September 23, 2008 | Leave a Comment
LONDON (MarketWatch) — Automobile-finance companies lead a growing list of
liquidity-starved industries trying to get in on the huge government rescue plan
targeted originally at cleaning up bad mortgage bets, The Wall Street Journal
reported, citing a lobbyist for one of the Big Three automakers. Other
businesses, such as student and credit-card lenders, also could eventually access
the program, the [...]
Sep
19
SEC to temporarily ban short-selling: report
September 19, 2008 | Leave a Comment
WASHINGTON (MarketWatch) — The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It’s unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. [...]
Sep
19
U.S., Congress leaders plan financial fix
September 19, 2008 | Leave a Comment
U.S., Congress leaders plan financial fix
Talks break as U.S. targets illiquid assets
By Robert Schroeder, MarketWatch
Last Update: 9/18/2008 9:09:00 PM
WASHINGTON (MarketWatch) — Top U.S. financial officials emerged from a briefing
with congressional leaders Thursday night with an agreement to work quickly
toward a broad-ranging fix for the crisis roiling U.S. and world financial
markets.
Treasury Secretary Henry Paulson and Federal [...]
Sep
14
Talks Over Lehman Resume, Barclays Seen Leading Contender
September 14, 2008 | Leave a Comment
Talks Over Lehman Resume, Barclays Seen Leading Contender
Last Update: 9/14/2008 11:22:57 AM
NEW YORK (Dow Jones)–Banking executives and federal regulators Sunday resumed
talks at the New York Federal Reserve over the fate of Lehman Brothers (LEH),
according to a spokesman for the New York Fed.
Negotiations have been held since Friday over how to deal with Lehman, the U.S.’s
fourth-largest [...]
Sep
6
U.S. to seize mortgage giants, could cost taxpayers billions
September 6, 2008 | Leave a Comment
By ALAN ZIBEL, AP Business Writer
WASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation’s mortgage debt, a person [...]
