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FeedRank: 4/10  4/10  Good  ---  www.247wallst.com
Insightful Analysis and Commentary for U.S. and Global Equity Investors ...

 

 
Friday, October 10, 2008 --- 43 days ago
According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over Wachovia (WB), leaving Wells Fargo (WFC) free to conclude a deal. Reuters writes that AIG (AIG) has borrow $70 billion of the US government loans available to it. Reuters reports that Morgan Stanley (MS) shares were under pressure on concerns that its deal with Mitsubishi UFJ would not close. Reuters reports the September retail sales plunged. Reuters reports that a Yahoo! (YHOO) shareholder suggest that Microsoft (MSFT) buy the portal company and sell off all of its non-key assets. Reuters reports that many experts believe that the government's refusal to rescue Lehman is what set off the global credit crisis. The Wall Street Journal reports that economists expect the longest recession in 50 years. The Wall Street Journal reports the the drop in oil prices is squeezing oil producing nations. The Wall Street Journal reports that Gov. Arnold Schwarzenegger now says California may not need emergency federal funds after all. The Wall Street Journal reports that total average daily borrowing for the Fed's discount window climbed to $420.16 billion from $367.80 billion in the prior week. The Wall Street Journal reports that Apple (AAPL) plans to introduce new laptops. The Wall Street Journal reports that IBM (IBM) sold $4 billion in deb ...




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