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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: credit crisis

credit crisis stories: 354 news summaries

341 - 354 of 354 Stories | << Prev 1 ... 14 15 16 17 18

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Stocks Shake Before Fed Speech

Wall Street awaits Bernanke's priorities in Friday address

Aug 30, 07 4:31 PM CDT
(Newser) - Technology shares are still on the rebound, but the credit market continues to shake other stocks as traders await Ben Bernanke's speech on Friday. The tech-heavy NASDAQ gained 2.14 today, to close at 2565.30. But the Dow slipped 50.56 to 13238.73, and the S&P 500... More »

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Ben Bernanke • NASDAQ • Federal Reserve • credit market • interest rate • credit crisis • Dow • S&P 500

Fed Chief to Address
Market Uproar

Wall Street will be craining for clues on possible rate cut

Aug 30, 07 5:02 AM CDT
(Newser) - Tomorrow, Ben Bernanke will make his first speech since turmoil erupted in the world's financial markets early this month. As Wall Street listens for clues about whether interest rates will be cut next month, the Fed chief be walking a tightrope, the Washington Post observes. If he appears indifferent, panic... More »

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Ben Bernanke • Wall Street • Federal Reserve • interest rate • credit crisis • mortgage debt • securities • mortgage backed securities

Credit Crisis Spurs Calls for New Oversight

EU, Asia want cooperation in US market regulation

Aug 29, 07 2:32 PM CDT
(Newser) - Financial regulators and politicians across Europe and Asia are banding together to demand an international role in the oversight of American markets. The subprime meltdown has demonstrated that fluctuations in American markets can wreak havoc the world over, the Times reports, and now international players are wondering why they must... More »

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economics • subprime mortgages • oversight • markets • credit crisis • regulation

Uncertain Art World Awaits Fall Sales

Credit crisis has auctioneers, galleries bracing for bear market

Aug 29, 07 10:47 AM CDT
(Newser) - As the art world returns from its summer hiatus, dealers, auctioneers, and collectors are on edge about a possible downturn in the market, the Times reports. Fallout from the global credit crunch has led to speculation that astronomical prices for art, particularly in the contemporary sector, may be heading for... More »

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art market • Eli Broad • art • auction • credit crisis • art collector

Euro Stocks, US Futures Rise, Asia Dips

Big exporters still trembling over possible US slowdown

Aug 29, 07 7:44 AM CDT
(Newser) - European stocks and US futures advanced overnight, as traders waxed optimistic that the credit crisis won't spread to affect the broader economy. But Asian markets are more concerned about the general prospect of a US slowdown—which could hit Asia's export-heavy economy hard. More »

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stocks • global economy • US economy • Asian markets • credit crisis • European markets

Home Depot Deal Renovated

Price for wholesale unit slashed

Aug 27, 07 5:37 AM CDT
(Newser) - The sale of Home Depot's wholesale supply unit—threatened by the credit crisis —is going ahead after tense negotiations between Home Depot, private equity firms buying the company and banks providing the financing. Home Depot slashed its price 18% to $8.5 billion and guaranteed some of the loans... More »

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private equity • Bain Capital • LBOs • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • HD Supply • Clayton Dubilier and Rice • JPMorgan Chase

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 »

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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 »

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loans • finance • bank • hedge fund • vacation • markets • credit crisis

Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

Aug 24, 07 7:10 AM CDT
(Newser) - The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman Brothers and Merrill Lynch—have... More »

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private equity • Carlyle Group • Bain Capital • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • JPMorgan Chase

Credit Crunch Continues, and So Do Ads

Lenders are still advertising cheap mortgages, but the loans aren't there

Aug 24, 07 6:43 AM CDT
(Newser) - As the credit crunch transforms the financial landscape, one thing hasn't changed: lenders continue to offer loans that are too good to be true. The Washington Post writes that mortgage companies are still offering risky products to risky customers—even Countrywide, which barely avoided bankruptcy, is flogging cheap money with... More »

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advertising • subprime mortgages • loans • Countrywide • credit crisis • mortgage lender

Bank of America Bails Out Countrywide

Lender avoids disaster as bank buys $2 billion in cut-rate shares

Aug 23, 07 6:34 AM CDT
(Newser) - Countrywide came back from the brink yesterday as Bank of America bought $2 billion in preferred stock in the mortgage company, writes the Los Angeles Times. Countrywide's share price soared in after-hours trading, only a week after the credit crunch brought it to the point of bankruptcy. More »

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Bank of America • bankruptcy • subprime mortgages • stock • Countrywide • credit crisis

Wall Street Bonuses To Sink

Market crisis hits paychecks

Aug 22, 07 12:31 AM CDT
(Newser) - The credit crisis, which has surged across the global financial infrastructure like a tsunami, washing away millions of share prices, is about to hit one of Wall Street's most hallowed traditions —the fat bonus. The extra pay for all but an elite few may be cut for the first... More »

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private equity • Wall Street • Goldman Sachs • Bear Stearns • hedge fund • credit crisis • bonuses • Whitney Group • Options Group • Glocap Search • financial crisis

European Markets Continue
to Skid

London exchange drops after opening higher

Aug 17, 07 5:45 AM CDT
(Newser) - Financial markets across Europe were off again in midmorning trading. In London, the FTSE opened slightly higher and then suffered new losses as UK traders continued to reel from yesterday's steep fall-off, the exchange's most calamitous one-day drop in years. At mid-morning the index was down 0.2% and markets... More »

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stocks • markets • credit crisis • European markets • FTSE

Market Opens Sharply Down

Aug 16, 07 10:18 AM CDT
(Newser) - US stocks dipped this morning, following steep declines in Europe and Asia as distress over the expanding credit crisis heightened. The Dow Jones sank over 100 points this morning, and the S&P was off nearly 0.8% after erasing its entire year's gains yesterday. "Everyone is waiting for... More »

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stock market • Federal Reserve • subprime mortgages • Henry Paulson • business • shares • US economy • yen • interest rate • credit crisis

341 - 354 of 354 Stories | << Prev 1 ... 14 15 16 17 18


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