Archive for the ‘Market News’ Category
Tuesday, December 23rd, 2008
China stocks suffered their worst drop in five weeks as the interest rate cut from the Chinese government failed to impress investors. Investors are now assuming that the world's fourth largest economy is bound to hit the skids like all the other ones.
China Vanke Co., the nation’s biggest publicly ...
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Tuesday, December 16th, 2008
Any news is good news these days, especially if it doesn't involve billions of dollars lost for investors. There was a slight bit of decent news today concerning the Fed interest rate hike and new orders from General Electric.
Questions are swirling concerning whether the White House will bail out ...
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Wednesday, July 9th, 2008
It's been an interesting day for the stock market so far. Some of the news has been fairly predictable, but a couple of surprises have found their way in also.
Bad News:
NWA - Northwest Airlines (NYSE: NWA) - has announced the company is cutting 2,500 jobs due to ...
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Monday, June 30th, 2008
GM stock hits a 30 year low, driving the company's total market cap to around $6.5 billion. Toyota's (NYSE:TM) market cap is now 25 times as much GM's market cap, indicating people just aren't seeing a great future for GM. GM still produces more cars than everyone else, ...
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Friday, June 27th, 2008
A bear market has been officially declared for the Dow Jones Industrial Average (DJIA.) The market is down 20% from its peak in October 2007.
Record oil prices, the credit crunch and fears about the economy aren't helping matters. There is still a lot of concern that subprime related writedowns ...
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Wednesday, June 25th, 2008
Raffaello Follieri has been arrested for fraud and money laundering. All told, he's been charged on 12 counts. Raffaello Follieri is a 29 year old who used to date Anne Hathway, and has influence with people such as Bill Clinton and the Pope.
Follieri has been charged ...
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Friday, June 20th, 2008
Debra Ryan has been arrested in connection with the case against her boyfriend Sam Israel III, a hedge fund manager who disappeared on the day he was to begin serving a 20 year sentence related to his bilking of $450,000,000 from investors in the Bayou Investment Managers hedge fund.
Ryan, 45, ...
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