Investments
July 1st, 2008
Investments
Obama wants bailout to help homeowners
"The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes," he said.
Asian shares fall; cenbanks to slash rates
Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.
Online Money: Fidelity expands online news focus
Fidelity Investments is joining the rush to satisfy investors' growing appetite for news about financial market turmoil.
Treasury eyes 4.5% mortgage rate
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said.
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Your View: Give tax credits for clean energy manufacturing
Dr. Gilbert J. Brown is a professor and coordinator of the Nuclear Engineering Program at UMass Lowell.
Shoppers have reasons to act like grinches
There are ample reasons for America's shoppers to act like grinches this holiday season, with lost jobs, wilting retirement accounts and shrinking home values topping the list.
Nippon Oil, Nippon Mining to merge Oct. 2009 amid slumping oil demand
Nippon Oil Corp., the largest oil distributor in Japan, and the country's sixth-largest distributor, Nippon Mining Holdings Inc., said Thursday they will merge their businesses in October 2009 in a move that ...
British charities are no haven for laid off bankers
By Rebekah Curtis People dumped from finance jobs who hope for employment in the voluntary sector may have to reconsider, because as Britain slips into recession, ailing charities are struggling to absorb the ...
Recession Trickles to India
After years of being blamed for job losses in America and elsewhere, India's high-tech companies and outsourcing firms are going through a downturn of their own.
Metals slump knocks supplies
Platinum mining companies' demand for power cables and telecoms equipment had "dried up overnight" after metals prices slumped, according Reunert, the local producer of industry supplies.
Thoughts differ on future of home prices
Over the past few years, Americans have had a brutal lesson in the risks of real estate.
China, US vow to tackle global crisis
BEIJING: China and the United States vowed Thursday to work together to tackle the global financial crisis as they gathered for their last cabinet-level economic meeting under George W. Bush's administration.
Sky Italia protests over tax hike
Rupert Murdoch's Sky Italia satellite service is lashing out over the Italian government's decision to double VAT to 20% on the country's pay TV subscriptions, arguing that the ruling unfairly unfairly favors ...
Jolie-Pitt Foundation Awards Second Grant to Global Action for Children
Today, Global Action for Children announced a $100,000 end-of-year-grant from the Jolie-Pitt Foundation.
Harvard Endowment Loses $8 Billion Amid Crisis
Harvard University's endowment suffered investment losses of at least 22% in the first four months of the school's fiscal year, the latest evidence of the financial woes facing higher education.
JA Solar Faces Class Action Suit Over Lehman Investments
A U.S. lawsuit has been filed to charge solar cell manufacturer JA Solar with providing misleading financial guidance by failing to report its $100 million Lehman Brothers note at the time of purchase.
Austin wants to be green energy capital
The City of Austin is hoping to re-create its 1980s success at becoming a high-tech business hub, but this time it's shooting for the title of America's Clean Energy Capital.
China, U.S. to Counter Financial Crisis as `Most Pressing Task,' Wang Says
China and the U.S. must work to counter the global financial crisis as their a oemost pressing task,a Chinese Vice Premier Wang Qishan said as the nations started talks in Beijing today.
Obama: Use part of bailout to slow foreclosures
President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to slow foreclosures by helping struggling homeowners with their mortgages.