18 2008

Ford to raise $540 million by cutting Mazda stake

Tag: Markets, General @ 9:17 am

As part of its effort to strengthen its balance sheet, Ford says it will cut its stake in Mazda, raising $540 million from the sale.


18 2008

Europe Markets: European shares fall to late October levels

Tag: Markets, General @ 6:16 am

European shares fell on Tuesday, with further losses for banks as investors continued to fret about the contracting economy, offsetting gains from retailer Carrefour and telecom equipment maker Alcatel-Lucent.


18 2008

Asia Markets: Tokyo and Shanghai glum; real estate and chip firms off

Tag: Markets, General @ 6:16 am

Asian markets fell on Tuesday, as banks and real-estate shares in China and Hong Kong fell on concern that economic growth may be even slower than currently expected and as property firms dragged on Tokyo.


18 2008

Irwin Kellner: Don’t expect another Fed reduction

Tag: Markets, General @ 3:15 am

The actual rate at which overnight funds are changing hands these days is only ¼%, far below the Federal Reserve’s intended rate of 1%.


18 2008

Despite gloom, customer-satisfaction rankings hold steady

Tag: Markets, General @ 3:15 am

Need some good news? Here’s something: Even as consumer confidence hits historic lows, consumers did not savage companies in the latest survey by the University of Michigan’s American Customer Satisfaction Index.


18 2008

David Weidner’s Writing on the Wall: Beware of hedge funds’ Washington whispers

Tag: Markets, General @ 3:15 am

Wall Street’s rumor mongers aren’t bothering to whisper anymore. Top hedge-fund managers came right out and said a lot about their strategies and motivations, before a Congressional committee.


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