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Reuters - South Korean prosecutors indicted a blogger on Thursday who had warned of financial doom for the country with critics saying he was targeted because his gloomy forecasts upset the government battling an economic downturn.
Federal Reserve chairman Ben Bernanke said that economic activity has downshifted further and the policy response must be vigorous. He said cutting the Fed funds target rate below 1% is "certainly feasible", but broader action could be more…(read more)
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The asset-backed securities market appears to be promising for the TARP program, said TARP co-ordinator Neel Kashkari in a speech on Wednesday. Targeting the ABS market will help bring down interest rates on automobile purchases, student loans and credit…(read more)
Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp’s stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
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Reuters - Target Corp posted a nearly 24 percent drop in profit as an economic downturn curtails shoppers’ ability to splurge on the discount retailer’s trendy wares and make payments on its credit cards.
Reuters - Target Corp reported its fifth consecutive drop in quarterly profit on Monday, on dwindling demand for its trendy merchandise from shoppers who face tighter budgets and are struggling to make payments on the discount retailer’s credit cards.
TORONTO, ONTARIO–(Marketwire - Nov. 13, 2008) -
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NIH Funded Study Finds Cardiovascular Events Increase Significantly When Central Pulse Pressure Exceeds 50 mmHg
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Federal Housing Finance Agency (FHFA) director James
Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and
Freddie Mac, would be adopting a new, streamlined approach to
loan modifications.
Lockhart said the loan modification program, which he is asking to be
adopted as the industry standard, will take effect Dec.
15. The new approach will target high-risk borrowers [...]
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AP - Reinsurer Munich Re AG said Friday that it barely eked out a profit in the third quarter as its investments were hurt by falling stock markets, forcing the company to abandon its full-year earnings forecast for the second time this year.
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