Financial news on October 18, 2008
Business and Financial news
Many economists contend that presidents have little power over general economic performance during their terms of office. Read more..
After extraordinary volatility, the Dow, the Standard & Poor’s 500 and the Nasdaq all finished the week higher. Read more..
Many banks are reluctant to seek cash from governments because of the message it might send to financial markets and executives’ worries about accepting limits on decision-making and pay. Read more..
Groupe Caisse d’Épargne said that it had incurred the losses as a result of unauthorized derivatives trading by a team on the bank’s own account. Read more..
As chairman of the Standard Oil Company of California in the 1980s, Mr. Keller executed what was then the largest corporate takeover ever, in a deal that formed Chevron. Read more..
There is little doubt that most Americans were not impressed by the passage of the bank bailout bill. Read more..
People close to the investigations say prosecutors are examining events leading to the investment bank’s collapse and subsequent bankruptcy filing. Read more..
The rock band U2 will receive almost $19 million in shares of Live Nation, the concert promoter, as part of a 12-year contract with the company it signed in March. Read more..
Pfizer said that it had an $894 million deal to end more than 90 percent of personal injury suits brought by people claiming the drugs caused heart attacks, strokes or other harm. Read more..
Its strange that during a time of such emotional and fiscal chaos, some of the golden rules of personal finance may seem undervalued. Read more..