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Yahoo! News: Business
Updated : Thu, 16 Oct 2008 02:21:06 GMT
Stocks plunge anew as data points to recession (AP)
AP - Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent.
Publ.Date: Wed, 15 Oct 2008 22:31:31 GMT
Source: Yahoo.com
Markets tumble as recession fears trump bailout (Reuters)
Reuters - Gloomy economic data and warnings from the U.S. Federal Reserve that hard times were still to come wiped out two days of relative optimism about the credit crisis and sent markets into free-fall on Wednesday.
Publ.Date: Thu, 16 Oct 2008 00:23:47 GMT
Source: Yahoo.com
SEC extends short-sale disclosure order (Reuters)
Reuters - Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night.
Publ.Date: Thu, 16 Oct 2008 02:08:22 GMT
Source: Yahoo.com
Bernanke says credit crisis menacing U.S. economy (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke on Wednesday gave a dour assessment of the U.S. economy, citing a "significant threat" from shuttered credit markets in remarks that indicated he was open to cutting interest rates further.
Publ.Date: Thu, 16 Oct 2008 00:39:01 GMT
Source: Yahoo.com
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