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David Penn
Asian Stocks Lower On Spreading Financial Crisis ... Bush Pledges to Sign Bailout Bill ... Citigroup and Wells Fargo Duel Over Wachovia ... Germany To Guarantee Bank Deposits ... Paulson Picks Advisor Neel Kashkari To Run Bailout Program. (more)
 David Penn
Worries Over Bailout Bill Fate in House Weigh on Stocks ... Crude Oil Continues Lower, Treasuries Rally ... Asian Stocks Slide Again ... Nikkei Dips Below 11,000 For the First Time in Three Years ... Anxious Eyes Turn Toward Friday Payroll Report (more)
David Penn
Senate Approves Bailout Bill: 74 - 25... House To Consider New Legislation on Friday... Warren Buffett Warns Of Rising Unemployment; Invests $3 Billion in General Electric... Lilly Reportedly Considers ImClone Takeover... Auto Sales Slowdown Hits Honda, Nissan, Toyota (more)
David Penn
Stocks Surge in Oversold Rally ... Euro Slides Versus Dollar As Credit Crisis Hits Europe ... FDIC Seeks Deposit Insurance Limit Increase Authority ... Senate Plans Bailout Bill Vote This Week ... Research in Motion, Amazon.com Soar. (more)
David Penn
U.S. House of Representatives Rejects Wall Street Bailout Bill... Dow Suffers Worst Decline Ever in Points... Citigroup Acquires Wachovia Banking Assets... Apple Falls to Lowest Levels Since April '07 on Analyst Sales Warning... Fed Adds $630 Billion To Help Stem Credit Crisis. (more)
David Penn
Asian Stocks Lower, Led by Commodity Shares ... Congress, Administration Agree on Bailout Plan ... Obama, McCain Squared Off in First Debate ... Wachovia Seeks Suitors ... Likely Fed Cuts Loom Large Over Dollar's Fortunes. (more)
David Penn
WaMu No More: Feds Seize Washington Mutual in Largest Bank Failure in U.S. History... Wall Street Bailout Plan Stalls Over GOP Objections... General Electric Lowers Annual Earnings Estimate, Suspends Dividend... Research in Motion Misses Estimates. (more)
David Penn
President Bush Warns of Credit Crisis Impact on Average Americans... Berkshire Hathaway Invests 5 Billion in Goldman Sachs... Oracle Enters Data-Mining Industry in Deal with HP... Congress Pushes for Limits on Bailout Plan... Existing Home Sales Continue To Slump. (more)
David Penn
Stocks Suffer Worst 2-Day Slide Since 2002 ... Bernanke Threatens Recession Without Bailout ... Short Sale Restrictions Crimp Options Trading ... Berkshire Hathaway To Invest $5 Billion in Goldman Sachs ... T-Mobile Unveils Google-Powered Smartphone. (more)
David Penn
Stocks Slide, Reversing Friday's Gains ... Crude Oil Spikes on Dollar Decline ... Congress, Treasury Wrangle over Bailout Bill ... Morgan Stanley Gets $8.4 Billion from Mitsubishi UFJ ... Microsoft, Hewlett-Packard, Nike Announce Share Buybacks. (more)
David Penn
Morgan Stanley, Goldman Sachs to Become Bank Holding Companies ... Asian Stocks Soar for Second Day ... Citigroup: Buy Australian Dollar, Sell Yen As Carry Trade Resumes ... Congress Weighs Bush-Paulson Bailout Package ... Washington Mutual Continues Search for Suitor. (more)
David Penn
Federal Reserve Lends Billions to Investment Banks, $28 Billion to AIG ... New Short Sales Restrictions Planned in US, UK ... Wells Fargo Reaches All Time High ... McCain Says He Would Fire SEC Chief Cox ... Oracle Beats Estimates By Two Cents. (more)
David Penn
Morgan Stanley Considering Merger Options ... SEC Seeks Greater Hedge Fund Disclosure ... Asian Stocks Fall to Multi-Year Lows ... Washington Mutual Officially On Auction Block ... Fed Prefers Loans Over Rate Cuts in Current Crisis. (more)
David Penn
AIG Gets $85 Billion Federal Loan as Government Becomes Majority Shareholder... Samsung Makes $5.85 Hostile Bid for SanDisk... Barclay's Purchases Lehman's North American Investment Bank Business... Fed Keeps Funds Rate at 2.0%, Bank of Japan Holds at 0.5%... House Passes Offshore Drilling Measure. (more)
David Penn
Stocks Suffer Biggest Drop Since 9/11 ... Bank of America Acquires Merrill Lynch for $50 Billion ... American International Group Scrambles for Capital ... Hewlett-Packard to Eliminate More than 24K Jobs ... Washington Mutual Bond Rating Cut To Junk. (more)
David Penn
Bank of America in $50 Billion Deal to Buy Merrill Lynch ... Lehman Looks Toward Bankruptcy ... AIG Seeks Fed Bridge Loan ... Federal Regulator To Block Fannie, Freddie CEO Exit Packages ... Electronic Arts Abandons Take Two Bid. (more)
David Penn
Bank of America Rumored as Potential Lehman Buyer... Research in Motion to Add Microsoft Live Search to Blackberry Smartphones... Plane, Train, Automobile Stocks Advance on Falling Oil Price... Dollar Continues to Gain Against Euro... Senate Urges Fannie, Freddie Foreclosure Freeze. (more)
David Penn
Washington Mutual, Lehman Lead Financials Lower... New Zealand Cuts Its Rate to 7.5%, Brazil Raises to 13.75%... $35 Billion Tanker Deal Pending Until January... General Motors Gains More than 6%... ImClone Says "Too Low" to Bristol Bid. (more)
David Penn
Energy and Financial Stocks Hit Hard on Tuesday... Failed Negotiations with Korea Development Bank Led to Lehman Stock Crash... Texas Instruments Reaffirms Forecast... OPEC Widely Believed to Stand Put On Production... Apple Unveils New Thinner, Cheaper iPods. (more)
David Penn
Washington Mutual Ousts CEO... Government Takeover of Fannie, Freddie May Cost Wells Fargo $480 Million... Altria to Buy UST for $10.3 Billion... Sales of Smart Phones Reportedly Slowing... UAL Rejects Bankruptcy Rumors. (more)
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