Archive for August 22nd, 2008


Washington Post
Stocks End Week With a Rally
BusinessWeek - 1 hour ago
Bernanke's dovish tone on inflation signaled that the Fed won't be hiking rates. Speculation swirled about a possible buyout of Lehman Brothers Major US stock indexes finished solidly higher Friday, with Lehman Brothers Holdings (LEH) and other
Bernanke Says US Inflation Should Slow Into 2009 (Update4) Bloomberg
Might the Fed prick asset bubbles in future? MarketWatch
New York Times - Reuters - Forbes - Wall Street Journal
all 1,036 news articles

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Bristol Herald Courier
Drug stocks higher, Alpharma soars on King bid
MarketWatch - 29 minutes ago
By Val Brickates Kennedy, MarketWatch BOSTON (MarketWatch) — Drug stocks edged higher Friday while shares of Alpharma Inc. soared on news that King Pharmaceuticals has offered $1.4 billion in cash for the specialty drugmaker.
Alpharma Rejects King's Advances Forbes
Alpharma Surges After Rejecting King's Takeover Bid (Update1) Bloomberg
Wall Street Journal - guardian.co.uk - Financial Times - The Associated Press
all 254 news articles

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Twin Cities Finance and Commerce
Banks Spread Deposits, and Risks
Wall Street Journal - 7 hours ago
By SHELLY BANJO Edna Turner isn't concerned about getting high returns on her savings accounts and certificates of deposit. The 89-year-old Ms.
Interest rates on bank CDs rising Los Angeles Times
FDIC's IndyMac Borrower Aid Is `Dangerous' for Bonds (Update2) Bloomberg
Reuters - guardian.co.uk - AZ Central.com - CNNMoney.com
all 323 news articles

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Wall Street Journal
Lehman’s Shares Gain on Signs of Raising Capital
New York Times - Aug 22, 2008
By JENNY ANDERSON and LANDON THOMAS JR Shares in Lehman Brothers rose substantially Friday as investors renewed hopes that the troubled investment bank was moving closer to raising capital to buffer it against a deteriorating economic environment.
Worst Time to Sell Funds Since '02 Hurts Lehman Plans (Update2) Bloomberg
Analysts See Change At Lehman In The Next Few Months CNNMoney.com
MarketWatch - Barron’s - BusinessWeek - Reuters
all 197 news articles

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CBS News
Automakers to Seek More Money for Retooling Vehicle Plants
New York Times - 15 hours ago
By NICK BUNKLEY and BILL VLASIC DETROIT - The steep decline in vehicle sales and rapid shift in the market to smaller cars has prompted General Motors, Ford Motor and Chrysler to seek a significant increase in the $25 billion government loan program
UPDATE: McCain Backs Government Plan To Help US Auto Makers CNNMoney.com
Big Three Auto Makers Seek Wall Street Journal
Detroit Free Press - Los Angeles Times - International Herald Tribune - DetNews.com
all 167 news articles

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Boston Globe
Uncertainty Over Fannie and Freddie
New York Times - 5 hours ago
By CHARLES DUHIGG and VIKAS BAJAJ Anxiously awaiting a move by the Treasury Department and spurned by large investment firms, Freddie Mac and Fannie Mae find themselves unable to raise capital and with little ability to maneuver.
Treasury's Vigil On Fannie, Freddie Washington Post
Fannie, Freddie Preferred Stock Downgraded By Moody's (Update4) Bloomberg
CNNMoney.com - Reuters - guardian.co.uk - MarketWatch
all 2,466 news articles

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WROC-TV
Governor Names 2 to State’s Troubled Economic Development Agency
New York Times - 11 hours ago
By JEREMY W. PETERS Gov. David A. Paterson on Friday nominated a former Citi executive and a Rochester-area businessman to fill two positions in the state’s economic development agency, a move intended to bring stability to the troubled organization.
New leaders picked for Empire State Development Buffalo News
New state economic development czar named EmpireStateNews.net
Reuters - Bizjournals.com - New York Daily News - WXXI
all 56 news articles

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