Financial Briefs

Breaking financial news from Wall Street to Main Street

Archive for the ‘Uncategorized’ Category

WE’VE MOVED!!

Posted by financialbriefs on September 27, 2008

Please go to www.financialbriefs.blogspot.com

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U.S. gasoline inventories lowest since 1967: EIA

Posted by financialbriefs on September 24, 2008

U.S. gasoline inventories have dropped to their lowest level since 1967 after Hurricanes Gustav and Ike shut Gulf Coast oil refineries, causing some supply shortages at service stations, the Energy Information Administration said Wednesday.

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NYSE Regulation CEO says expects U.S. SEC to extend emergency short order beyond Oct 2 to 30-day maximum – Reuters

Posted by financialbriefs on September 24, 2008

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Wall St.’s dark days, Bay St.’s new dawn

Posted by financialbriefs on September 22, 2008

As the dust settles from the biggest transformation of U. S. finance in 80 years, Canadian banks have much to gain…

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Political wrangle over US bail-out fund

Posted by financialbriefs on September 22, 2008

A high-stakes game of political poker was under way in Washington on Sunday as Congress prepared to vote this week on a plan to create a $700bn fund to buy toxic assets from banks and thereby ease the credit squeeze.

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Paulson resists calls for added help in bailout

Posted by financialbriefs on September 21, 2008

WASHINGTON – Treasury Secretary Paulson is resisting a Democratic push to add additional help for households to the $700 billion bailout bill..

http://news.yahoo.com/s/ap/20080921/ap_on_bi_ge/financial_meltdown

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Exclusive: Foreign banks may get help

Posted by financialbriefs on September 21, 2008

In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.

http://www.politico.com/news/stories/0908/13690.html

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Authorities may be selling short the short sellers, but it’s working

Posted by financialbriefs on September 21, 2008

Mention “short sellers,” and most investors conjure up an image of nasty and brutish characters, hunched over computer screens and cackling happily as their market machinations ruin companies.

Think Danny DeVito or Michael Douglas as corporate raiders, in the films Other People’s Money and Wall Street. Those dudes were clearly villains, and it’s no wonder American and European market watchdogs cracked down on the likes of them.

http://www.reportonbusiness.com/servlet/story/RTGAM.20080919.wbanksshorts20/BNStory/Business/home

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Paulson says U.S. taxpayers at risk in bailout plan

Posted by financialbriefs on September 21, 2008

U.S. Treasury Secretary Henry Paulson acknowledged on Sunday an emergency rescue plan aimed at stabilizing a financial system in freefall will cost taxpayers money, but argued that costs will not be as high the $700 billion limit of the package.

http://www.reuters.com/article/newsOne/idUSWBT00976620080921

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S&P 500 Is Unchanged, Wall Street Forever Altered: Chart of Day

Posted by financialbriefs on September 21, 2008

U.S. stocks were little changed this week.

The CHART OF THE DAY shows the swings in the Standard & Poor’s 500 Index that left the equity benchmark up 0.3 percent since Sept. 12. That’s the smallest weekly move for the S&P 500 in a month, even as it posted the biggest daily plunges in seven years and the steepest two-day surge since the aftermath of the October 1987 stock-market crash.

http://www.bloomberg.com/apps/news?pid=20601087&sid=abMAFiGjkfV4&refer=home

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