According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley's (MS) deal to get capital from Mitsubishi UFJ was approved by the government but MS shares fell as much as 35% on concerns about the deal. Reuters reports that the UK poured money into banks and Hong Kong slashed interest rates. Reuters writes that Citigroup (C) is looking for partners in its bide for Wachovia. Reuters reports that Alcoa's (AA) third quarter net dropped sharply. Reuters reports that "speculation is swirling that Beijing could also chip in with a vote of confidence by pledging to hold onto its vast dollar assets and even buy more to help fund the massive bailout of the U.S. financial system." The Wall Street Journal reports that Bank of America (BAC) struggled to find buyers for its new common stock offering. The Wall Street Journal reports that Pfizer (PFE) "marketers urged the suppression of medical studies that reached unfavorable conclusions about the effectiveness of the company's big-selling drug Neurontin." The Wall Street Journal writes that Congress grilled AIG;s (AIG) former CEOs. The Wall Street Journal reports that home heating oil prices will surge this winter. The Wall Street Journal reports the about one in six US homeowners are "underwater" on their mortgages. The Wall Street Journal reports that the UK plans to bu ...
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According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley's (MS) deal to get capital from Mitsubishi UFJ was approved by the government but MS shares fell as much as 35% on concerns about the deal. Reuters reports that the UK poured money into banks and Hong Kong slashed interest rates. Reuters writes that Citigroup (C) is looking for partners in its bide for Wachovia. Reuters reports that Alcoa's (AA) third quarter net dropped sharply. Reuters reports that "speculation is swirling that Beijing could also chip in with a vote of confidence by pledging to hold onto its vast dollar assets and even buy more to help fund the massive bailout of the U.S. financial system." The Wall Street Journal reports that Bank of America (BAC) struggled to find buyers for its new common stock offering. The Wall Street Journal reports that Pfizer (PFE) "marketers urged the suppression of medical studies that reached unfavorable conclusions about the effectiveness of the company's big-selling drug Neurontin." The Wall Street Journal writes that Congress grilled AIG;s (AIG) former CEOs. The Wall Street Journal reports that home heating oil prices will surge this winter. The Wall Street Journal reports the about one in six US homeowners are "underwater" on their mortgages. The Wall Street Journal reports that the UK plans to bu ...