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Yahoo! News: Business
Updated : Thu, 21 Aug 2008 04:36:31 GMT
New York AG intensifies auction-rate debt probe (Reuters)
Reuters - New York's state attorney general office on Wednesday intensified its probe into auction-rate debt focusing on Bank of America Corp, Goldman Sachs and Deutsche Bank AG, while issuing a warning to brokerages.
Publ.Date: Thu, 21 Aug 2008 01:04:06 GMT
Source: Yahoo.com
China shares surge 5.89 pct by midday (AFP)
AFP - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
Publ.Date: Wed, 20 Aug 2008 04:02:34 GMT
Source: Yahoo.com
Wall St rises as bank, energy shares rebound (Reuters)
Reuters - U.S. stocks rose on Wednesday as bank and energy shares rebounded even as investors dumped Fannie Mae and Freddie Mac on fears of an imminent government bailout of the housing finance companies.
Publ.Date: Wed, 20 Aug 2008 21:07:59 GMT
Source: Yahoo.com
BJ's Wholesale profit up; stock falls on forecast (Reuters)
Reuters - BJ's Wholesale Club Inc reported higher-than-expected quarterly earnings, but its shares fell nearly 7 percent as the retailer gave a disappointing forecast, signaling business could be tough in the fourth quarter that includes the crucial holiday season.
Publ.Date: Wed, 20 Aug 2008 16:12:11 GMT
Source: Yahoo.com
California mulls probing senator over IndyMac crash (Reuters)
Reuters - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information.
Publ.Date: Wed, 20 Aug 2008 22:51:36 GMT
Source: Yahoo.com
Fannie, Freddie shares dive on bailout fears, bonds up (Reuters)
Reuters - Fannie Mae and Freddie Mac shares plunged to their lowest levels in almost 20 years on Wednesday, while the mortgage companies' bonds rallied on the belief that an increasingly likely government bailout would wipe out shareholders but secure their massive debt.
Publ.Date: Wed, 20 Aug 2008 21:51:40 GMT
Source: Yahoo.com
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