Business News Archives: Page 7

Bank for International Settlements Foresees Deeper Downturn (June 30, 2008): The Bank for International Settlements says we could be in for a deeper downturn than most people are expecting.

Baby Boomers Feeling More Financial Stress (May 12, 2008): An article from U.

Markets React to Bear Sterns, Weekend Fed Action (March 17, 2008): JP Morgan Chase has snatched up Bear Sterns in a rapid transaction for a huge discount of $2 a share.

Gold Soars Past $1,000 an Ounce Mark (March 13, 2008): Gold traded at a record $1,000 an ounce for the first time today.

Dow Up Over 400 Points (March 11, 2008): News that the Fed is going to provide additional liquidity for the credit markets help boost stocks to huge gains today The Dow scored its best one day percentage increase in 5 years according to Reuters.

February Jobs Report Shows Weakening Economy (March 8, 2008): Yesterday's jobs report told a tale of weakness.

Bernanke Says Some Small Banks May Fail (February 28, 2008): Federal Reserve Chairman Ben Bernanke said in testimony in front of U.

Greenspan Sees Recession Risk for U.S. Economy (February 25, 2008): The BBC reports that former Fed chairman Alan Greenspan - who blasted Bush in his book - has warned "that US economic growth has stalled and a quick recovery is not likely.

Oil Closes at $100+ and Stock Rally Fizzles (February 19, 2008): Just as stocks seemed to be gaining some momentum oil closes at above $100 a barrel for the first time and the rally fizzles.

Many U.S. Citizens Think Recession is Already Here (February 11, 2008): The dreaded R word is now being used commonly in news stories and polls.

Super Tuesday is Terrible Tuesday for Stock Market (February 5, 2008): The American public is busy trying to figure out what all these polls mean about who is going to be their party's candidate.

Microsoft Makes $44.6 Billion Offer to Buy Yahoo (February 1, 2008): Microsoft has made a surprise $44.

The Credit Crisis: How We Got Here (January 28, 2008): Sometimes it is worth tacking a look at how we got into this mess in the first place.

Apple Takes a Drubbing (January 23, 2008): Apple (AAPL) has been taking a beating on Wall Street today.

Miserable Opening Bell? (January 22, 2008): The New York Times reports that the stock market plunge in Asia and Europe continued into Tuesday.

Worst Day of 2008 For Stocks (January 17, 2008): Stocks plunge again as concerns about the economy continue.

Wholesale Prices Up 6.3% in 2007 (January 15, 2008): The Labar Department reported today that wholesale prices roses 6.

Bank of America to Buy Countrywide (January 14, 2008): Reuters reports that Bank of America is buying Countrywide for $4 billion.

Christmas Price Index Climbs in 2007 (December 22, 2007): Prices are soaring and it will be more expensive to buy your True Love the "Twelve Days of Christmas" this year.

Electricity Supplier Sells Energy on Ebay (December 8, 2007): A Connecticut electricity supplier called MXEnergy has found an unusual way to sell energy - by auctioning it on eBay.