Skip to: Content
Skip to: Site Navigation
Skip to: Search
WEDNESDAY, NOVEMBER 25, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: finance

finance stories: 78 news summaries

41 - 60 of 78 Stories | << Prev 1 2 3 4 Next >>

Switch to grid view »

SEC: Don't Blame Credit Markets for Firm's Demise

Bankrupt cash management operation comes under federal scrutiny

Sep 3, 07 5:43 PM CDT
(Newser) - The feds don’t know what happened to the millions of dollars that disappeared from the books of a Chicago-area cash management firm, but they don’t believe upheaval in the credit markets is to blame. Days after Sentinel Management blocked investors from withdrawing their investments, the company filed for... More »

MORE ABOUT:
Chicago • investors • Federal Reserve • bankruptcy • money • finance • SEC • markets • Sentinel Management

Freddie Mac Posts 45%
Net Drop

Mortgage giant sees $320 million
loss on new mortgages in Q2

Aug 30, 07 9:51 AM CDT
(Newser) - Freddie Mac posted a 45% drop in net income for the second quarter, and said the outlook wasn't rosy for the third. The home-mortgage financier was hit with a $320 million loss on new mortgages. Freddie Mac doesn't buy subprimes directly, but is still affected by the general mortgage turmoil. More »

MORE ABOUT:
subprime mortgages • mortgage • finance • Freddie Mac • Richard Syron • financial crisis

20 Tips from
America's
Best Investors

Experts offer advice that you can really
take to the bank

Aug 27, 07 9:59 AM CDT
(Newser) - Get where you want to be with these sound tips from the top, courtesy of Money Magazine:
  1. Be humble in the face of uncertainty.
  2. Take calculated risks.
  3. Have an emergency fund.
More »

MORE ABOUT:
investing • list • finance • business tips • money management • portfolio

Plastic May Pose Next Big Threat to Economy

Experts expect credit card trouble to track mortgage woes

Aug 26, 07 4:54 PM CDT
(Newser) - The subprime mortgage crisis may spark another financial disaster: bad credit card debt. When rates hit 50-year lows, many owners borrowed against their homes to pay off high-interest credit cards. Now, with rates increasing, many may not be able to pay down both their mortgages and their credit cards, the... More »

MORE ABOUT:
subprime mortgages • money • loans • debt • finance • home loans • credit card • credit crisis

One Unrivaled Market Force: Vacation

Stocks calm down as bankers, investors bail for the beach

Aug 25, 07 6:19 AM CDT
(Newser) - The FT leads with a prediction that market volatility will decrease over the next week for a simple reason: everyone's going on vacation. Major decisions by banks, hedge funds and mortgage lenders will be on hold as the financial world bails New York, London and Frankfurt for the end of... More »

MORE ABOUT:
loans • finance • bank • hedge fund • vacation • markets • credit crisis

Consumer Comfort Crumbles

Biggest 1-week drop in history sinks levels near post-Katrina lows

Aug 22, 07 1:50 AM CDT
(Newser) - Unrest in the financial markets and housing sector has consumers on edge, a new survey says. The Washington Post/ABC News "consumer comfort index" nosedived this week, displaying the biggest 1-week plunge in the poll's 22-year history, the newspaper reports. The current reading nearly matches the lows reached after Katrina... More »

MORE ABOUT:
stock market • housing market • money • consumer confidence • finance

Credit Crisis: Damaging or Deserved?

Economist calls risk adjustment necessary, if hazardous

Aug 19, 07 9:17 PM CDT
(Newser) - The Economist takes the long view on the turmoil that has engulfed the financial markets, noting that investors have long wondered whether the "the securitisation of just about every form of debt into a tradable asset" would, in the end, spread risk efficiently or lead to cataclysmic failure. The... More »

MORE ABOUT:
investors • finance • markets • credit market • risk management

Fed Shaves
Half- Point Off Discount Rate

Surprise cut boosts futures trading and Euro markets

Aug 17, 07 8:14 AM CDT
(Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal... More »

MORE ABOUT:
economic growth • Federal Reserve • subprime mortgages • loans • finance • bank • markets • global market • discount rate

Dell to Rewrite Cooked Books

Audit to lower company's stated
net income by
up to $150M

Aug 17, 07 2:53 AM CDT
(Newser) - The Dell computer company will have to restate four years of financial data after an audit revealed that executives inflated numbers to meet quarterly goals, firm officials announced yesterday. The adjustments would lower the company's stated net income by as much as $150 million, Reuters reports. But analysts say the... More »

MORE ABOUT:
Dell • NASDAQ • finance • computer

Paulson: Downturn
Won't Provoke Recession

Economy tough enough to take market turmoil

Aug 16, 07 10:51 AM CDT
(Newser) - The current turmoil in the financial markets will take its toll on the economy, but  won't cause a recession, Treasury Secretary Henry Paulson tells the Wall Street Journal in his first interview since the downturn began. Paulson says the crisis comes in the context of a very strong global economy—... More »

MORE ABOUT:
Henry Paulson • finance • recession • global economy • US economy • markets • financial crisis

Japan Pumps Cash Into Market

Interest rate hikes unlikely

Aug 13, 07 12:16 AM CDT
(Newser) - The Bank of Japan pumped $5.1 billion into the Japanese financial system today as the  global credit crunch continued to ripple through the Asian markets, Bloomberg reports. Adding to the jitters, Japan's growth is slowing more markedly than economists predicted; the world's second-largest economy expanded by only 0.5%... More »

MORE ABOUT:
stock market • Japan • Bank of America • subprime mortgages • finance • GDP • Nikkei • Asian markets • Bank of Japan • global credit • Japanese economy

Fed Pumps $19B Into Market

Will add $19B in temporary funds
to bolster credit markets

Aug 10, 07 8:39 AM CDT
(Newser) - The Federal Reserve pumped $19 billion in temporary funds into the banking system today by buying up mortgage-backed securities. The move is aimed to insure that there is enough cash available in the credit markets and keep the interest rate close to the Fed's target of 5.25%. It also... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • finance • bank • market • credit market • interest rate • temporary funds • mortgage backed securities

Euro Bank  Injects $190B to Avoid Crash

ECB's largest-ever emergency cash injection aims to stave off crisis

Aug 10, 07 5:28 AM CDT
(Newser) - The European Central Bank has released $190 billion in emergency funds in a desperate attempt to restore liquidity to the region's markets. The Financial Times reports that the ECB's emergency injection echoes moves by central banks in Japan, the US and Canada but is unprecedented in scale. The move rattled... More »

MORE ABOUT:
investors • subprime mortgages • stocks • loans • finance • markets • BNP Paribas • European Central Bank • liquidity

BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

Aug 9, 07 12:35 PM CDT
(Newser) - France's largest bank today froze three investment funds threatened by the subprime mortagage collapse, claiming it can’t “fairly” place a value on their rapidly declining assets. Citing the “complete evaporation of liquidity” in the US securities market, BNP Paribas halted withdrawals from the funds, which were worth... More »

MORE ABOUT:
subprime mortgages • Bear Stearns • finance • bank • stock • mutual funds • BNP Paribas

Dow Sees Biggest Gain in 5 Years Before Fed Meeting

Markets break out of three-week slump

Aug 6, 07 3:58 PM CDT
(Newser) - US stocks posted major gains after three straight weeks in the red, as blue chips advanced cautiously in the wake of last week's selloff. The Dow was up 286.87 to 13468.78, its best close since October, 2002, mainly following long-suffering financial companies. Merrill Lynch got a boost from... More »

MORE ABOUT:
stock market • Federal Reserve • Dow Jones • finance • Nasdaq • S&P 500

Credit Crunch Rocks LBOs

Fears of risky debt ripples through global markets

Jul 27, 07 6:27 AM CDT
(Newser) - Leveraged buyouts, which have fueled Wall Street booms with offers of huge premiums on shares of target companies, are sputtering to a halt, the Wall Street Journal reports. Private equity firms, which just weeks ago were predicting acquisitions worth $100 billion and more, are now finding large-scale borrowing too expensive... More »

MORE ABOUT:
private equity • Wall Street • leveraged buyouts • LBOs • finance

Whole Foods CEO Sorry for Web Subterfuge

Online shenanigans draw board scrutiny along with SEC probe

Jul 18, 07 6:15 AM CDT
(Newser) - The CEO of Whole Foods apologized yesterday for boosting his company and posting snide comments about a rival supermarket chain in Internet forums and said he "had fun doing it." John Mackey's actions over the last 8 years have already triggered an SEC investigation, and the company's board... More »

MORE ABOUT:
food • Yahoo • mergers and acquisitions • Whole Foods • Wild Oats • finance • forums • message boards • SEC • acquisition • John Mackey • FTC • food company

Funds Find One Bet They Can't Hedge: Trust

It's 1998 all over again as Bear Stearns buckle triggers panic

Jul 4, 07 9:35 AM CDT
(Newser) - The recent collapse of two Bear Stearns hedge funds, and the resulting informal SEC investigation, have once again placed the complex system and its impact on markets under the spotlight. The Washington Post delves into the history and ethos of the powerful funds, comparing them to the Wizard of Oz... More »

MORE ABOUT:
Wall Street • Bear Stearns • finance • SEC • hedge fund • markets

Hong Kong Poised to Become Asia's Big Apple

Port city turning into financial capital

Jun 30, 07 7:12 PM CDT
(Newser) - Hong Kong is in decline as Asia's premier shipping hub, but the dip in dockyard activity is nothing to fret over, Newsweek reports. The city is on the brink of becoming one of the world's financial capitals—on par with London and New York. Economic shifts are reconfiguring the political... More »

MORE ABOUT:
China • stock market • democracy • economics • Hong Kong • business • trade • finance • market capitalization • investment

Battle for Tech-Savvy
New Grads Heats Up

Geeks are a hot commodity on the job market

Jun 29, 07 9:36 AM CDT
(Newser) - Demand for students and recent grads with top-notch tech skills is higher than it's been in over a decade, thanks in part to banks and securities firms waging the recruiting wars alongside Silicon Valley giants such as Google. Bloomberg goes inside the process of wooing the so-called millennials, born between... More »

MORE ABOUT:
technology • Google • Wall Street • Silicon Valley • recruits • finance

41 - 60 of 78 Stories | << Prev 1 2 3 4 Next >>


from our news partners