Friday, October 03, 2008
Breaking News Fri., October 3, 2008
HOUSE PASSES BAILOUT BILL BY A VOTE OF 263-171
Breaking News: Payrolls shrink by 159,000 in September
WASHINGTON - The Labor Department says employers slashed payrolls by
159,000 in September, the most in more than five years. It was a
worrisome sign that the economy is hurtling toward a deep recession.
Economy shed jobs for the 9th straight month in September - down a massive 159,000. Unemployment holds at 6.1%.
Economy shed jobs for the 9th straight month in September - down a
massive 159,000.
Unemployment holds at 6.1%.
Thursday, October 02, 2008
Breaking News from Eyewitness News
Mayor Michael Bloomberg says he'll seek to change term-limits law so he
can run for 3rd term.
U.S. factory orders suffer steepest decline in two years
U.S. factory orders suffer steepest decline in two years
10/2/2008 10:01:53 AM
A foreclosure prevention group says it helped 189,000 troubled borrowers stay in their homes in August - fewer than previous month.
A foreclosure prevention group says it helped 189,000 troubled borrowers
stay in their homes in August - fewer than previous month.
Claims for initial unemployment benefits show surprise surge to 497,000 last week - highest in 7 years, Dow Jones reports.
Claims for initial unemployment benefits show surprise surge to 497,000
last week - highest in 7 years, Dow Jones reports.
Wednesday, October 01, 2008
Breaking News: Senate passes Wall Street rescue plan
The Senate on Wednesday night voted 74-25 to pass a $700 billion Wall
Street rescue plan.
GM says September sales drop 16%.
GM says September sales drop 16%.
The Senate rescue bill would extend popular tax breaks for individuals and businesses.
The Senate rescue bill would extend popular tax breaks for individuals
and businesses.
Ford sales tumble 34% in September, worse than expected.
Ford sales tumble 34% in September, worse than expected.
GM says September sales drop 16%.
GM says September sales drop 16%.
GE selling $3 bln in preferred stock to Berkshire, $12 bln in common stock to public
GE selling $3 bln in preferred stock to Berkshire, $12 bln in common
stock to public
10/1/2008 1:49:38 PM
Toyota says September sales down 32.3%
Toyota says September sales down 32.3%
Oil prices fell $2.11 to settle at $98.53 a barrel as traders refocus on economic worries and falling demand.
Oil prices fell $2.11 to settle at $98.53 a barrel as traders refocus on
economic worries and falling demand.
Gauge of U.S. manufacturing registers sharpest one-month decline since 1984
Gauge of U.S. manufacturing registers sharpest one-month decline since
1984
10/1/2008 10:05:58 AM
Tuesday, September 30, 2008
Breaking News
Senate to vote on financial rescue plan Wednesday evening.
Breaking News: Dow rallies on investor bailout hopes
NEW YORK - The Dow Jones industrials closed nearly 500 points up as
investors bet that lawmakers will salvage a $700 billion rescue plan for
the financial sector.
Dow jumps 300 points, recouping almost half of Monday's losses.
Dow jumps 300 points, recouping almost half of Monday's losses.
Home prices in July plunged a record 16.3% year over year , according to the S&P Case-Shiller 20-city index, AP reports.
Home prices in July plunged a record 16.3% year over year , according to
the S&P Case-Shiller 20-city index, AP reports.
Monday, September 29, 2008
U.S. stocks slide, Dow plunges 777 points, as bailout bill fails
U.S. stocks slide, Dow plunges 777 points, as bailout bill fails
U.S. stocks sink, with the Dow Jones Industrial Average plunging as much
as 700 points, with legislators in the House of Representatives
rejecting the government's $700 billion rescue plan for the financial
sector.
House rejects U.S. $700 billion rescue package
House lawmakers vote to reject the historic $700 billion financial
rescue plan, a sharp blow to the administration and bipartisan leaders
in Congress who warn that the country is on the brink of an economic
precipice.
Treasury unveils money-market support plan
The Treasury Department releases details about its guarantee program for
money-market funds, expanding on the announcement it first made during a
run on the funds.
Senate Republican leader John Boehner says the $700 billion financial rescue will not go up for another vote today.
Senate Republican leader John Boehner says the $700 billion financial
rescue will not go up for another vote today.
House rejects $700B bailout; Dow falls
WASHINGTON - In a stunning rebuke to President Bush, congressional
leaders and Wall Street, the House rejected a $700 billion financial
bailout package Monday, with a coalition of conservative Republicans and
liberal Democrats refusing to grant the government sweeping powers to
buy up distressed loans. Wall Street reacted immediately to the news,
with the Dow dropping 523 points as of 2:15 p.m. ET.
Federal Reserve pumps further liquidity into global money markets
Federal Reserve pumps further liquidity into global money markets
9/29/2008 10:05:43 AM
Dow industrials down 300 points; gold tops $900 on safe-haven buying
Dow industrials down 300 points; gold tops $900 on safe-haven buying
9/29/2008 10:13:21 AM
Federal Reserve, other central banks expand agreements in an effort to increase dollar liquidity amid 'continued strains.'
Federal Reserve, other central banks expand agreements in an effort to
increase dollar liquidity amid 'continued strains.'
U.S. consumer spending flat in August -- weaker than forecast
U.S. consumer spending flat in August -- weaker than forecast
9/29/2008 8:34:03 AM
Sunday, September 28, 2008
Congressional leaders release draft text of economic rescue bill
Congressional leaders release draft text of economic rescue bill
9/28/2008 5:47:56 PM
Congress releases draft of bill that would enact far-reaching government rescue of struggling financial system.
Congress releases draft of bill that would enact far-reaching government
rescue of struggling financial system.
Rescue bill would give government option to take ownership stakes in participating companies.
Rescue bill would give government option to take ownership stakes in
participating companies.
Rescue bill allows for insurance plan to guarantee companies' troubled assets - with premiums paid by industry.
Rescue bill allows for insurance plan to guarantee companies' troubled
assets - with premiums paid by industry.
House Speaker Pelosi says lawmakers have released draft of $700 billion financial industry rescue bill.
financial industry rescue bill.
Congressional leaders release draft text of economic rescue bill
Congressional leaders release draft text of economic rescue bill
9/28/2008 5:47:56 PM
Breaking News
Congress has made public a $700 billion bailout bill draft that includes
conditions added by lawmakers.
Breaking News: USA TODAY/Gallup Poll shows Obama did better in debate
A new USA TODAY/Gallup Poll shows 46% of people who watched the
presidential debate Friday think Democrat Barack Obama did a better job
than Republican John McCain; 34% said McCain did better.
Breaking News: Congress reaches tentative bailout deal
WASHINGTON - Congressional leaders and the Bush administration have
reached a tentative deal on a bailout of imperiled financial markets
that could cost taxpayers hundreds of billions of dollars.
