Financial news on October 11th, 2008
Business and Financial news
Morgan Stanley was racing to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode. Read more..
Small businesses struggle to pay suppliers and big businesses retrench as banks clamp down on lending. Read more..
Around the world, fears of recession have fed a stock market panic, as worries about toxic assets spread from the financial sector to the credit markets and now to the broader economy. Read more..
General Motors is in preliminary talks about a possible merger with Chrysler, which could remake the auto industry. Read more..
The December issue will be the magazine’s last, as ad pages plummet across the magazine industry. Read more..
Across Europe, countries, companies and consumers are discovering exposure to the three main Icelandic banks, all of which have been taken over by the government. Read more..
We may be able to feel like billionaires and nudge our net worths higher by thinking and acting with our money as Warren Buffett does with his. Read more..
Oil prices fell to their lowest level in more than a year as the International Energy Agency cut its forecast for global demand. Read more..
Verizon told companies that send out text messages that starting Nov. 1 it will impose a fee of 3 cents for each message it delivers to the phones of its subscribers. Read more..
YouTube said it would start offering full-length episodes of some television shows on its sprawling Web site. Read more..