Business and Finance News
- Dow recovers nearly 500 points as U.S. stocks roar
Denver News.Net
U.S. stocks ended sharply higher Tuesday, a day after posting their biggest one-day loss ever.
- Market makers celebrate third largest Dow rise ever
Denver News.Net
With US stock indexes on Tuesday pushing forward from the prior session's historic rout, optimism returned that a rescue plan would make a comeback in coming days on Capitol Hill.
- Short-selling debate becomes two sided
Denver News.Net
Volatile markets could have become more erratic due to the ban on short selling.
- Alitalia could keep flying
Denver News.Net
The prognosis for Italy's ailing national airline has become a little brighter after a union of flight attendants signed a deal meant to keep the airline operating.
- Russian aircraft firm steps into India
Denver News.Net
Russia's United Aircraft Corporation has started talks with Indian firms on the delivery of SuperJet-100 passenger airliners and other civil aircraft to the country.
- Cruise movie could be a sinker over seasonal period
Denver News.Net
New Tom Cruise movie, “Valkyrie,” has critics believing it will be hard to find an audience for the movie.
- Wachovia bank takeover involves more government money
Denver News.Net
In the latest US bank consolidation effort, banking giant Citigroup will buy the bulk of the operations of fourth-largest bank Wachovia Corp.
- European banks in credit freeze
Denver News.Net
Commercial banks in Europe are hanging on to their money as the US financial crisis spreads worldwide.
- Airlines to cut back on winter travel
Denver News.Net
British Airways and Ryanair are expecting to decrease flights with the oncoming winter season.
- Starbucks closes 600 US outlets
Denver News.Net
About 600 Starbucks coffee shops are to be rationalized while management looks at the company’s overall operations.
- Bloodiest day for Toronto exchange in 8 years
Denver News.Net
In its biggest single-day loss in eight years, the Toronto Stock Exchange sank more than 840 points after the US House of Representatives rejected the $700-billion bailout for Wall Street Friday.
- Wall Street plunges as US Congress rejects bailout plan
Denver News.Net
New York, (Xinhua) Wall Street plunged Monday after US House of representatives unexpectedly rejected the financial bailout plan.
- First Midwest Bancorp, Inc. Announces Schedule for Third Quarter 2008 Earnings Release and Teleconference
Market Wire
... prior to the market opening, by Marketwire distribution and First Midwest's web site...
- Stocks surge higher but credit worries persist
San Diego Union-Tribune
NEW YORK – Wall Street has ended sharply higher as investors bet that lawmakers will salvage a $700 billion rescue plan for the financial sector. The Dow Jones industrials surged nearly 500...
- Tesco Net Rises 10% Despite Tough Times - BusinessWeek
Business Week
The UK's biggest supermarket today said it racked up a 10 per cent rise in first-half profits despite the "powerful economic headwinds" facing the business. Tesco, which has lost...
- Dow recovers after biggest one-day loss
Times Of India
US stocks bounced back on Tuesday after Congressional lawmakers rejected a $700bn bailout plan aimed at stabilizing the financial system. The Dow Jones industrial average rose 277 points in...
- Netscape founder Andreessen joins eBay
Reuters
Andreessen, who is also on the board of Facebook, is working on Internet start-up Ning, a free service that allows users to build their own social networks.
- Nasdaq to cancel some late trades in Google shares
Reuters
The operator of the Nasdaq Stock Market said it was investigating "potentially erroneous transactions" involving shares of Google Inc...
- BoE, ECB offer to put in $40 billion in market
Times Of India
The Bank of England and the European Central Bank on Tuesday offered up more cash to the market in a move to provide liquidity to the financial system. The Bank of England (BoE) said...
- Most Asian mkts sink after bailout rejection
Times Of India
Most Asian stock markets fell on Tuesday in stunned dismay over US lawmakers’ rejection of a $700 billion bank rescue plan aimed at stabilizing the US financial system. European markets...
- Big rally helps Wall Street recoup part of record plunge
Breitbart
A powerful rally Tuesday helped Wall Street recoup some losses from Monday's rout, amid renewed hope for US passage of a financial rescue package. The Dow Jones Industrial Average leapt 485.21 points...
- US stocks rally on hope for rescue plan, bargain-hunting - Summary
Earth Times
New York - US stocks rallied on Tuesday, erasing much of the record losses a day earlier on revived hopes for a rescue plan for the financial system, with bargain-hunting investors helping the rise....
- Reliance Big TV to increase number of channels to 400
Times Of India
Reliance Big TV, an RComm subsidiary, will soon boost its bouquet of television channels on its DTH platform from 200 to 400, Chairman of RComm Anil Ambani said at the AGM of the company...
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