Financial news on September 01, 2007
Business and Financial news
President Bush announced several steps to help Americans who have credit problems meet the rising cost of their housing loans. Read more..
Ben S. Bernanke said the central bank “stands ready to take additional actions as needed” to prevent chaos in the mortgage markets from derailing the economy. Read more..
Citigroup is buying the assets of the subprime lender ACC Capital Holdings, which said on Friday that it would close. Read more..
The New York attorney general Andrew M. Cuomo has subpoenaed the First Marblehead Corporation as part of his investigation of the student-loan industry in the United States. Read more..
Google settled a lawsuit with American Blind and Wallpaper Factory, which had claimed advertisements on Google Web pages infringed trademarks. Read more..
One Google engineer has had his picture taken with more than 100 luminaries who have visited the company. Read more..
George Green, C.E.O. of Hearst Magazines International, discusses why magazines can still thrive outside the United States. Read more..
Investment banking paid an average weekly wage of $8,367, compared with $841 for all private sector jobs. Read more..
Saving money may not be the sexiest financial move, but it’s probably the most important. Read more..
In the past, wild swings in share prices, like those seen last month, have sometimes indicated that markets were turning in a different direction. Read more..