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Treasuries Rise as Bernanke Says Growth Rebound Isn't Imminent - BloombergOct. 15 (Bloomberg) -- Treasuries surged as Federal Reserve Chairman Ben S. Bernanke said government actions to stem the credit crisis won't immediately revive the economy and stocks tumbled, boosting demand for the safety of government debt. Traders ...
Federal Reserve Video Gallery - CNBCThe Federal Reserve lowered its federal funds rate a half a point to 1.50 percent. It also lowered its discount rate by half a point. The Fed, whose decision was unanimous, last cut rates a quarter point in April. Central banks in the UK, European ...
Credit Crunch Video Gallery - CNBCCNBC's David Faber discusses the latest on the Lehman credit default swap auction as well as news from Citi/Wachovia/Wel... A round of coordinated interest rate cuts failed to reassure global stock markets, fueling speculation that governments will ...
'It was like the dam broke' - Boston GlobeOn Sept. 29, minutes after Congress rejected a $700 billion bailout, state Treasurer Timothy P. Cahill got an urgent e-mail on his BlackBerry at 1:55 p.m.: "The Dow is down 700 points." He knew instantly what the alert from his staff meant. The ...
Campaigns look at broad issues - Florida Times-UnionIncumbent Tony Hill, a Democrat, faces Louis J. Tart, a member of the Constitution Party of Florida, on Nov. 4 for the four-year term. The district stretches through parts of Duval, St. Johns, Putnam, Flagler and Volusia counties. Hill has been in ...
Unsafe Havens - Bloomberg.co.jpMoney market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as U.S. Treasury bills ...
Central banks scramble to stem crisis - MSNBCNEW YORK - Wall Street’s biggest crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world’s banking system in an urgent bid to stop further damage. The Fed plowed ...
The pain on Main Street - CNN MoneyNEW YORK (CNNMoney.com) -- If you thought banks weren't doling out much dough before, try getting a loan now. The recent turmoil on Wall Street has frozen lending among banks, sending rates soaring and prompting financial institutions to hoard cash ...
Fed, central banks move to boost global confidence - Miami HeraldNEW YORK -- Wall Street's biggest crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage. The Fed plowed as ...
Universal Technical Institute Announces Interim Chief Financial ... - PR NewswirePHOENIX, Feb. 11 /PRNewswire-FirstCall/ -- Universal Technical Institute Inc. (NYSE: UTI) , a provider of technical education training, today announced that Eugene S. Putnam, Jr. assumed the role of Interim Chief Financial Officer of the Company. Mr ...
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