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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: financial sector

financial sector stories: 79 news summaries

61 - 79 of 79 Stories | << Prev 1 2 3 4

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 Senate to 
 Tweak Bailout 
 —But not Much 

Dissenting Dems, GOP want different changes

Sep 30, 08 1:39 PM CDT
(Newser) - Senators are scrambling to revive legislation for the financial bailout after its surprise failure in the House yesterday, but must strike the right balance to attract new House votes without driving away initial supporters, Bloomberg reports. House Republicans want an expanded role for the FDIC in the bailout and for... More »

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Wall Street • Republican • politics • Senate • House of Representatives • financial sector • financial institutions • bailout • legislative maneuvering • party politics • financial crisis

MARKETS

 New Rescue 
 Hopes Lift 
 Stocks 

Bargain hunters out en masse

Sep 30, 08 8:44 AM CDT
(Newser) - Stocks rose at the open today, as traders bet on a new rescue plan and picked over the wreckage of yesterday’s record-setting drop. The Dow rose almost 218 points, while the Nasdaq and S&P were up 2.5% and 2.6% respectively. “After the absolute carnage we... More »

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Dow Jones • markets • financial sector • bailout • economy

 Charlotte Booms Amid Bust 

City is second-largest financial center in US, with $2 trillion in assets

Sep 28, 08 6:15 PM CDT
(Newser) - As the rest of the nation struggles through the mortgage bust, Charlotte, NC, is experiencing a boom, Time reports. The pro-business Southern city—home of Bank of America and eight other Fortune 500 firms—manages $2 trillion in assets, making it the second-largest financial center in the US behind New... More »

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financial sector • financial institutions • Charlotte • banking industry

MARKETS

 Stocks Sink; Bush Pledges Deal 

Dow falls over 100 points at open

Sep 26, 08 8:52 AM CDT
(Newser) - Socks plummeted today as confidence in the federal bailout program evaporated and investors absorbed the collapse of Washington Mutual. The Dow fell 140 points after the opening bell, while the Nasdaq dropped 2.2% and the S&P fell 1.7%, the Wall Street Journal reports. President Bush gave... More »

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stock market • Wachovia • markets • Washington Mutual • financial sector • bailout

Raise Your Hand if You Want Part of the Bailout

Lobbying intense as Wall Street firms jockey to profit from rescue

Sep 22, 08 8:03 AM CDT
(Newser) - Where there’s $700 billion of government money, there are lobbyists. Financial institutions are jockeying for their piece of the massive bailout bill that’s being rushed through Congress, the New York Times reports, with everyone from insurers to mortgage lenders looking to profit by unloading assets under the... More »

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Treasury Department • financial sector • financial institutions • bailout • economy • financial crisis

OPINION

Cheer Up!
Total Financial Market Meltdown Isn't All Bad

Five reasons to fiddle while Wall Street burns

Sep 18, 08 1:15 PM CDT
(Newser) - For a dedicated silver-lining hunter like Michael Lewis, there are plenty of upsides to the total collapse of the US financial system. “A lot of attractive office space seems to be opening up in midtown Manhattan, for instance,” he writes in Bloomberg. Here are five other reasons to... More »

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financial markets • Lehman Brothers • credit market • financial sector • subprime crisis

WaMu Gets OK to Raise Capital as It Seeks Sale

Investor OKs share dilution as beleaguered bank looks for suitors

Sep 18, 08 7:00 AM CDT
(Newser) - Washington Mutual is attempting to raise capital or sell itself, the Wall Street Journal reports, and it got a big boost in that effort yesterday from TPG. The private equity firm, which sunk $7 billion into WaMu in April, waived a clause that would have effectively prevented the thrift... More »

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private equity • credit market • Washington Mutual • financial sector

MARKETS

 Dow Plunges 449 Points 

SEC moves to restrict short selling

Sep 17, 08 3:41 PM CDT
(Newser) - Stocks plummeted again today as insecurity about the financial system gripped the markets, the Wall Street Journal reports. The AIG bailout proved to be of little comfort to traders, who quickly began betting on the next big firm to fall. The Dow closed down 449.36 points to 10,609.... More »

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Goldman Sachs • Dow Jones • Morgan Stanley • Nasdaq • AIG • credit crisis • financial sector • S&P 500 • financial stocks • financial crisis

MARKETS

Stocks Dive at Open on AIG Save, Weak Housing Starts

Financials drive decline

Sep 17, 08 9:05 AM CDT
(Newser) - Stocks took a nosedive at the opening bell, with the Dow falling 190.28 points within minutes, as the market absorbs an AIG bailout that prevented a body blow to the economy but was none too friendly to shareholders, the Wall Street Journal reports. The insurer fell 21% at the... More »

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stock market • Dow Jones • stocks • AIG • housing starts • financial sector • financial crisis

MARKETS

 After Big Drop, Stocks Hold 

Dow takes 300-point tumble early, but market remaining stable

Sep 15, 08 11:51 AM CDT
(Newser) - Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this year, despite the massive upheaval... More »

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Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial sector • S&P 500 • financial crisis

 Lehman to Lay Off Another 1,500

Wall Street quakes as ax falls again and again

Aug 29, 08 2:21 AM CDT
(Newser) - Lehman Brothers is about to lay off another 1,500 employees—6% of its workforce—in its fourth round of cuts this year, an insider told the New York Times. The struggling financial services giant has already shed over 6,000 jobs since last summer. A total of some 101,... More »

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Wall Street • layoffs • Lehman Brothers • job cuts • financial sector

MARKETS

 Housing, AIG Spur Losses

AIG is the troubled financial firm du jour

Aug 25, 08 3:27 PM CDT
(Newser) - Stocks fell today as bad news from the housing and financial sectors diminished hopes that the economic slump will lift soon, the Wall Street Journal reports. The Dow fell 241.81 points to 11,386.25, led by a 5.5% loss at beleaguered insurer AIG. The Nasdaq fell 49.... More »

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Dow Jones • Lehman Brothers • Nasdaq • AIG • home prices • financial sector • S&P 500 • financial crisis

analysis

Merrill Panic May Mark Bottom of Stock Market

Once regaled for cavalier confidence, CEO's chief cuts losses

Aug 1, 08 10:30 AM CDT
(Newser) - Merrill Lynch CEO John Thain has seen better days, Floyd Norris writes in the New York Times. He's gone from “cockiness to capitulation. Distinction to desperation.” Thain recently unloaded a bundle of his company’s securities for 22 cents on the dollar and raised $8.5 billion from... More »

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Merrill Lynch • CDO • mortgage debt • mortgage backed securities • John Thain • financial sector • subprime crisis • stock offering • banking industry

First Half of '08 Worst Ever for Hedge Funds

0.75% drop is a record for industry that's only reported 1 losing year

Jul 9, 08 12:52 PM CDT
(Newser) - Hedge funds have fallen an average of 0.75% in the first half of 2008, the worst yearly start for the industry since Hedge Fund Research began collecting data in 1990. Even 2002, the only year on record in which the $1.9 trillion industry lost money, was sunnier. "... More »

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economic indicators • financial sector • hedge funds

ANALYSIS

 A Year On, 
 Credit Crisis
 Lingers 

'Vicious circle' threatens broader economy

Jul 1, 08 7:09 AM CDT
(Newser) - Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that... More »

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stock market • Wall Street • bank • home loans • credit crisis • home prices • financial sector • subprime crisis

MARKETS

 Faltering Banks 
 Push Stocks Down 

Financials tumble despite solid report from Goldman Sachs

Jun 17, 08 3:15 PM CDT
(Newser) - The markets fell today, led by plunging financials and bank stocks, despite a solid second-quarter report from Goldman Sachs. "There is a lack of clarity at every level of the financial system right now, from regulators to companies," a floor trader told the Wall Street Journal. The Dow... More »

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inflation • stock market • Goldman Sachs • financial sector • financial stocks

MARKETS

 Stocks Mixed as Oil Pulls Back 

Techs climb; yardsticks swing between red and black

Jun 16, 08 3:22 PM CDT
(Newser) - Stocks ended mixed today as oil prices pulled back after hitting a high of nearly $140 a barrel. Investors are still concerned about economic instability, but many have already abandoned financials, reports the Wall Street Journal. The Dow ended down 38.27 at 12,269.08, the Nasdaq up 20.... More »

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stock market • oil price • financial sector

MARKETS

 Stocks Up As Ugly Quarter Ends 

Markets gain for the first time in four days 

Mar 31, 08 3:48 PM CDT
(Newser) - Stocks closed up today as the year's dismal first quarter came to an end. Lower oil prices, improved business activity and a favorable reaction to Treasury Secretary Henry Paulson's new regulation plan helped to boost the markets, Bloomberg reports. The Dow ended up 46.49 to 12,262.89, the... More »

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stock market • Federal Reserve • financial sector

Stocks Edge Up on Mixed Day

Turmoil besets financial sector

Nov 2, 07 3:34 PM CDT
(Newser) - The major indexes saw small gains today despite turmoil in the financial sector and skepticism about a positive jobs report.  The Dow climbed 27.23 points to 13,595.10, the Nasdaq added 15.55 to close at 2,810.38, and the S&P 500 gained 1.21... More »

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Dow Jones • Morgan Stanley • Merrill Lynch • Nasdaq • financial sector • S&P 500 • job

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