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Fed plows $30 billion in money markets overseas
Sep 24 2008, AP

The Federal Reserve, in coordinated action with foreign central banks, plowed $30 billion into money markets overseas Wednesday, part of an ongoing effort to fight a global credit crisis.

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Qwest reaches tentative agreement with union
AP, Denver
Qwest Communications International Inc. says it has reached a tentative agreement for a four-year contract with a union representing about 20,000 employees.
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World powers pledge to combat credit crisis
AP, Washington
Financial officials from the world’s wealthiest industrial countries are pledging decisive action to deal with the biggest upheavals to hit the global financial...
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China’s Latin America
Mike, Mexico City
Julie McCarthy’s description of a 100,000 acre soy farm in Brazil seems to symbolize peace, progress, and economic development: trends for a new Latin America. From...
Bandung Conference, Chinese investments, China, Trade
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Reports: Chrysler, GM discuss merger, acquisition
AP, Detroit
Published reports say General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM.
GM, Chrysler, Merger, Talks
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FCC sides with NFL Network in dispute with Comcast
AP, Washington
The Federal Communications Commission has sided with the National Football League in a long-running programming dispute with Comcast Corp., ruling that Comcast should...
FCC, NFL, Comcast, Dispute
made popular 6 hr. ago
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Quotes on G-7 actions regarding meltdown
AP,
Selected quotes on actions taken by the Group of Seven major industrial countries on Friday to combat the worldwide financial crisis:
Meltdown, Quotes, Business, Selected
made popular 7 hr. ago
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G7 endorses plan to battle financial crisis
AP, Washington
Finance officials from the world’s top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century.
Finance, Meetings, Business, Washington
made popular 7 hr. ago
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Text of G-7 plan of action
AP,
Text of G-7 finance ministers and central bank governors’ plan of action, as provided by the Treasury Department:
Meltdown, Communique, Business, Text
made popular 9 hr. ago
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Gold, silver prices plummet as fear grip markets
AP, New York
Gold and silver plummeted Friday after Wall Street posted another big loss and forced investors to dump holdings in precious metals to raise badly needed cash.
Commodities, Review, Business, Gold
made popular 9 hr. ago
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Stocks end wild session mixed, Dow falls 128
AP, New York
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials rocket within a 1,000 point range before closing with a...
Wall, Street, Business, Wall Street
made popular 9 hr. ago
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Stock traders: It's the ugliest market ever seen
AP, New York
“There’s nothing that’s come anywhere near this.”
Wall, Street, Mood, Business
made popular 9 hr. ago
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G7 pledges endorses plan to battle crisis
AP, Washington
Finance officials from the world’s top economic powers endorsed a sweeping plan Friday to stem the worst financial crisis in more than a half-century.
Finance, Meetings, Business, Washington
made popular 9 hr. ago
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Developing nations worried about financial crisis
AP, Washington
Developing countries warned on Friday that the global financial crisis could dampen their growth prospects and recommended an international response to prevent...
Meltdown, Developing, Countries, Business
made popular 9 hr. ago
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Banking basics pay off for Wells Fargo amid chaos
AP, San Francisco
With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.
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made popular 9 hr. ago
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Paulson endorses bank stock purchase plan
AP, Washington
Treasury Secretary Henry Paulson says the administration will move ahead with a plan to buy stock in financial institutions.
Meltdown, Paulson, Business, Treasury Secretary Henry Paulson
made popular 9 hr. ago
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G7 pledges to battle financial crisis
AP, Washington
Finance officials from the world’s top economic powers have pledged to take all action necessary to stem the worst financial crisis in more than a half-century.
Finance, Meetings, Business, Washington
made popular 10 hr. ago
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Goldman Sachs, GE, Morgan Stanley among big movers
AP, New York
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange:
Wall, Street, Stocks, Business
made popular 11 hr. ago
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Meltdown 101: Bankruptcy won't help borrowers much
AP, Washington
Can filing for bankruptcy help homeowners facing foreclosure?
Meltdown, 101, Bankruptcy, Business
made popular 11 hr. ago
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Sinking shares could make Yahoo a target again
AP, Seattle
When Yahoo Inc. co-founder and CEO Jerry Yang spurned Microsoft Corp.’s rich buyout offer this spring, he promised brighter days in Sunnyvale were just over the...
Microsoft, Yahoo, Technology, Business
made popular 11 hr. ago
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Stocks end wild session mixed after 8-day slide
AP, New York
Wall Street capped its worst week ever with a wild session Friday that left stocks with a widely mixed finish. Late-day buying helped curb steep losses and gave the...
Wall, Street, Business, Wall Street
made popular 12 hr. ago
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Lehman debt auction gives clue to potential losses
AP, New York
Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to...
Lehman, Credit, Defaults, Business
made popular 13 hr. ago
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What rate cut? Interbank lending rates keep rising
AP, New York
Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high...
Credit, Markets, Business, Governments
made popular 16 hr. ago
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Schwarzenegger optimistic state can secure loans
AP, Sacramento
Gov. Arnold Schwarzenegger tells Treasury Secretary Henry Paulson that he’s optimistic that California will be able to secure $4 billion in short-term loans to...
California, Credit, Concerns, Arnold Schwarzenegger
made popular 23 hr. ago
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Banks borrow record amount from Fed
AP, Washington
Banks borrowed in record amounts from the Federal Reserve’s emergency lending facility over the past week, while investment firms drew slightly less.
Fed, Credit, Crisis, Business
made popular Oct 9 2008
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Rate cut loosens credit only at the margins
AP, New York
The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve’s interest rate cut. But they’re hardly back to...
Credit, Markets, Business, Federal Reserve
made popular Oct 9 2008
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Interbank rates still high after rate cut
AP, New York
The Federal Reserve’s interest rate cut failed to pull down bank-to-bank lending rates Thursday, and the amount of commercial paper in the market fell for the...
Credit, Markets, Business, Federal Reserve
made popular Oct 9 2008
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Credit markets see a few, tentative signs of thaw
AP, New York
The squeezed credit markets saw just a few hints of easing on Wednesday after the Federal Reserve slashed the target fed funds rate by a half-point to 1.5 percent.
Credit, Markets, Business, Federal Reserve
made popular Oct 8 2008
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Signs of thaw in credit markets are few
AP, New York
The squeezed credit markets saw just a few hints of loosening on Wednesday after the Federal Reserve slashed the target fed funds rate by a half-point to 1.5 percent.
Credit, Markets, Business, Federal Reserve
made popular Oct 8 2008
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US credit crisis threatens New Orleans' recovery
AP, New Orleans
A prolonged recession and a tight credit market would cripple New Orleans’ still-fragile recovery from Hurricane Katrina, delaying or eliminating road work, new...
Katrina, Credit, Crunch, Business
made popular Oct 8 2008
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Credit barely eases after Fed plans to buy paper
AP, New York
The grip on the credit markets loosened just barely on Tuesday after the Federal Reserve said it would buy commercial paper, the unsecured short-term debt that...
Credit, Markets, Business, Federal Reserve
made popular Oct 7 2008
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August borrowing drops at 3.7 percent rate
AP, Washington
Government data show consumer borrowing fell in August for the first time in more than a decade as households, battered by rising job layoffs and the worsening economy,...
Consumer, Credit, Business, Government
made popular Oct 7 2008
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IRS eases tax rules on US firms with foreign units
AP, Washington
The Internal Revenue Service, seeking to make cash more available during the current credit crunch, has issued a rule making it easier for U.S. corporations to bring...
IRS, Credit, Crisis, Internal Revenue Service
made popular Oct 7 2008
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Credit markets ease a bit on Fed move to buy paper
AP, New York
The credit markets saw some slight easing Tuesday after the Federal Reserve said it would buy commercial paper, the unsecured short-term debt that companies sell for...
Credit, Markets, Business, Federal Reserve
made popular Oct 7 2008
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Fed lays out details for bank loans
AP, Washington
The Federal Reserve is providing more details about when it will make billions of dollars in short-term loans available to squeezed banks.
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made popular Oct 7 2008
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Fed eyes plan to fund short-term business loans
AP, Washington
The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the...
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made popular Oct 7 2008
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Credit markets still tight as stocks plunge
AP, New York
The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how,...
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made popular Oct 6 2008
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Credit markets still tight amid gov't intervention
AP, New York
The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the...
Credit, Markets, Business, European
made popular Oct 6 2008
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Fed to provide as much as $900B in loans to banks
AP, Washington
The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that...
Fed, Credit, Crisis, Business
made popular Oct 6 2008
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Credit still tight as Europe scrambles, Fed boosts
AP, New York
The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the...
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made popular Oct 6 2008
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Fed will provide as much as $900 in loans to banks
AP, Washington
The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that...
Fed, Credit, Crisis, Business
made popular Oct 6 2008
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New York:

In this Sept. 16, 2008 file photo, people work inside the Lehman Brothers headquarters in New York. Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the...

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