Citigroup’s Pandit Tries to Save the Little That’s Left to Lose: Citigroup Inc. shareholders aren’t buying Vikram Pandit’s attempt to salvage the bank by splitting it in two.
Citigroup’s New Financial Plan: January 17, 2009 New York — Citigroup Inc. shareholders aren’t buying Vikram Pandit’s attempt to salvage the bank by splitting it in two.
Citigroup shareholders [...]
Trust government with your money? But FDIC, regulators shut down two banks. The Federal Deposit Insurance Corporation and state regulators on Friday shut down banks in Illinois and Washington – the first bank failures of the year and the 26th and 27th since the start of the current credit crisis. Thumbs up for yes, thumbs [...]
Circuit City To Liquidate, Reaches Deal With Liquidators After Failing To Find A Buyer. Circuit City liquidation will leave empty Big Box Marts all over the country … Circuit City plans to liquidate after failing to find buyer.
Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its [...]
Financial crisis confounds experts, How bad will the economic fallout get. Yes. We know one thing for sure: The U.S. economy is in trouble.
But what we don’t know: How bad will the economic fallout get? How severe could a global recession become? When will we be able to pop out of the foxhole and know [...]
Asian Markets influened by global recession: Nikkei Hovers Above 8,000, Hang Seng Below 14,000. Dow Jones Industrial Average falls sharply, while here it comes the bad news from HONG KONG and Dow Jones Industrial Average – Asian markets sold off Thursday on fears about the impact of a global recession, with South Korean, Japanese and [...]
Japan’s Nikkei 225 closes with slight gain after spending much of the day in losing territory, but Hong Kong and other Asian major and regional indexes to losses.
Stocks fall on growth fears: Shares fall for first time in three sessions on renewed worries about economic growth.
News from HONG KONG: Asian markets ended mostly lower Wednesday, [...]
U.S. trade gap narrows as global economy stalls. Exports drop by largest percentage in four years in August.
Financial Crisis: U.S. August trade gap narrows when global economy falls. News from WASHINGTON — The U.S. trade deficit narrowed in August, as consumers curbed their spending on imported goods, a government report showed Friday.
The nation’s trade deficit [...]
Policy makers scramble for answers, Group of Seven meeting in focus as markets plunge. News from WASHINGTON — Fears of a global economic meltdown grew Friday, increasing pressure on top politicians and policy makers to take unprecedented actions aimed at thawing frozen credit markets.
Finance ministers and central bankers from the Group of Seven countries meeting [...]