Archive for August 23rd, 2008


Boston Globe
Fluctuations in oil prices show how fickle market can be
The Free Lance-Star - 4 hours ago
RECENT declines in crude oil prices are a textbook example of how quickly market sentiments can shift. Less than two months ago, a barrel of crude was priced at $147.
Oil Bears Beat Russian Bear Forbes
* Oil posts biggest fall since 2004 guardian.co.uk
International Herald Tribune - The Daily Advertiser - The Associated Press - CNNMoney.com
all 1,459 news articles

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Los Angeles Times
Calif. Won't Probe Sen. Schumer Over IndyMac
Wall Street Journal - 5 hours ago
AP NEW YORK — New York Sen. Charles Schumer won't face a California investigation into whether he helped fuel IndyMac Bancorp Inc.'s collapse by expressing concerns about the mortgage lender's soundness.
Calif. won't probe NY Sen. Schumer over IndyMac Forbes
IndyMac Letter Is Under Review New York Times
Reuters - guardian.co.uk - Los Angeles Times - Newsday
all 137 news articles

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Los Angeles Times
Calif. won't probe NY Sen. Schumer over IndyMac
Forbes - 1 hour ago
AP 08.23.08, 8:34 PM ET California authorities have rebuffed a request to investigate whether Sen. Charles Schumer helped fuel IndyMac Bancorp Inc.'s collapse by expressing concerns about the major mortgage lender's soundness.
Calif. Won't Probe Sen. Schumer Over IndyMac Wall Street Journal
UPDATE 1-California won't investigate NY senator on IndyMac Reuters
New York Times - Los Angeles Times - guardian.co.uk - Newsday
all 135 news articles

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Times Online
Aon of US agrees to buy Benfield for GBP844m cash
Financial Times - 12 hours ago
By Chris Hughes and Jennifer Hughes Benfield has agreed to an £844m all-cash takeover by Aon of the US in a move set to create the world's largest reinsurance broker.
Aon to Buy UK Broker Benfield for $1.6 Billion (Update4) Bloomberg
S&P puts Aon rating on CreditWatch after buyout CNNMoney.com
Forbes - The Associated Press - Business Insurance - Chicago Tribune
all 246 news articles

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Ex-BOE Official Skewers Fed
Wall Street Journal - 1 hour ago
By BRIAN BLACKSTONE JACKSON HOLE, Wyo. — A former Bank of England official on Saturday sharply criticized Federal Reserve Chairman Ben Bernanke's handling of the credit crunch, saying Mr.
Fed Attention to Wall Street `Dangerous,' Buiter Says (Update1) Bloomberg
A Misguided Federal Reserve, or One That Saved the Day? Wall Street Journal Blogs
Reuters - Reuters
all 34 news articles

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DailyTech
Culver: Rebuild Iowa Office could be permanent
Waterloo Cedar Falls Courier - 16 hours ago
DES MOINES, Iowa - The newly formed Rebuild Iowa Office which is responding to recent natural disasters around the state will remain open indefinitely, said Gov.
Culver: Rebuild Iowa Office could be permanent Chicago Tribune
Iowa governor to announce Microsoft data center BusinessWeek
Bizjournals.com - LiveSide - DailyTech - Seattle Times
all 199 news articles

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Washington Post
Higher Fees for Mortgages
New York Times - 13 hours ago
By BOB TEDESCHI MORTGAGE rates are typically driven by the financial market’s outlook for long-term interest rates, but not always.
Worries Over Oil, Financials Hurt Stocks Washington Post
Fannie, Freddie Preferred Stock Downgraded By Moody's (Update4) Bloomberg
CNNMoney.com - MarketWatch - guardian.co.uk - TheStreet.com
all 1,929 news articles

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Washington Post
Stocks to focus on financials, housing data
MarketWatch - 6 hours ago
By MarketWatch Stocks next week will take their cues from fresh data on housing and consumption, while the fate of mortgage giants Freddie Mac and Fannie Mae, as well as the future of investment f