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Informative Articles
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Jobless rate at 5-year high
(Reuters)
Fri, 05 Sep 2008 17:26:46 GMT |
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Reuters - An unexpectedly steep 84,000 U.S.
jobs were lost in August and the unemployment rate hit a
five-year high of 6.1 percent, fanning worry ahead of
November's presidential vote that the economy was near
recession.
| Wall Street flat as financials offset weak data
(Reuters)
Fri, 05 Sep 2008 17:43:53 GMT |
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Reuters - U.S. stocks were little changed in
volatile trade on Friday as a bounce in financial shares offset
concerns about the economy after a bleak labor market report.
| Home foreclosures reach record high
(Reuters)
Fri, 05 Sep 2008 16:21:15 GMT |
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Reuters - Home foreclosures and the rate of
homes entering foreclosure rose to record highs in the second
quarter, the Mortgage Bankers Association said on Friday.
| Executive leaves hedge fund Citadel
(Reuters)
Fri, 05 Sep 2008 15:51:55 GMT |
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Reuters - A Citadel Investment Group LLC executive
who ran an unprofitable credit investment group for the large
hedge fund company has resigned, a person familiar with the
matter said on Friday.
| Continental introduces $15 fee for 1st checked bag
(Reuters)
Fri, 05 Sep 2008 15:24:50 GMT |
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Reuters - Continental Airlines Inc said
on Friday it will charge a $15 service fee for a first checked
bag for certain customers who buy economy-class tickets.
| US stocks fall on poor retail sales figures
(FT.com)
Thu, 04 Sep 2008 20:45:20 GMT |
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FT.com - A battered financial sector led Wall Street into bear market territory on Thursday, as Bill Gross, manager of the bond fund Pimco, warned that a "financial tsunami" could ensue if the government failed to support markets.
| Home loan troubles break records again
(AP)
Fri, 05 Sep 2008 19:01:16 GMT |
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AP - The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
| Slow August sales signal more weakness in retail
(AP)
Thu, 04 Sep 2008 20:19:07 GMT |
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AP - When it came to buying their children new jeans and trendy tops, parents held the line: They focused on basics at discounters and waited for the best deals, resulting in weak August sales at many stores. That's a bad sign for the holiday season as families may be just as cautious with their gift-giving.
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