By PAN PYLAS
AP Business Writer
LONDON (AP) – World stock markets rallied strongly on Wednesday – many from multiyear lows – despite more grim U.S. jobs news as investors hoped an expected Chinese stimulus package could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – Stock markets in Europe and Asia rebounded Wednesday amid mounting hopes that China will soon announce a big stimulus package that could help limit the length and depth of the recession in the industrialized world.
A legislative meeting starts Thursday in China and top of the agenda is what [...]
By SARA LEPRO
AP Business Writer
NEW YORK (AP) – Investors appeared ready to move back into the stock market Wednesday, pushing index futures higher after five straight days of heavy selling.
A rebound would be likely be based more on bargain hunting than conviction as very few, if any, analysts and investors expect the day’s economic news [...]
By MADLEN READ and TIM PARADIS
AP Business Writers
NEW YORK (AP) – Investors ended an early rally and began selling on Wall Street Tuesday as Federal Reserve Chairman Ben Bernanke told Congress an economic recovery depends on the government’s ability to stabilize weak financial markets.
Bernanke’s comments came as the central bank announced it would begin lending [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – World stock markets turned lower Tuesday after U.S. Federal Reserve chairman Ben Bernanke warned that U.S. banks may need more cash injections from the government, above the $700 billion already agreed, to stay afloat.
“Whether further funds will be needed depends on the results of the current supervisory assessment [...]
By MADLEN READ
AP Business Writer
NEW YORK (AP) – Wall Street headed for another big drop Monday, one that could hurl the Dow Jones industrials below 7,000, after American International Group Inc. posted a $61.7 billion quarterly loss.
The government said it would give AIG another $30 billion in loans, in addition to the $150 billion it [...]
By TIM PARADIS
AP Business Writer
NEW YORK (AP) – Wall Street ended another unforgiving month with a steep loss as Citigroup Inc. and General Electric Co. both unsettled investors.
Citigroup plans to turn over a big piece of itself to the government, a move that fanned worries that other banks would face crippling trouble with bad debt. [...]
By TIM PARADIS
AP Business Writer
NEW YORK (AP) – Wall Street signaled a flat open Friday as investors awaited a key government report on how the economy fared in the final three months of 2008.
The market was also reacting to news that Citigroup Inc. has reached a deal for the government to significantly boost its ownership [...]
SHANGHAI (AP) – Chinese shares tumbled Tuesday as investors took profits after Wall Street fell to its lowest level in nearly 12 years and financial stocks were hit by worries about possible new U.S. economic trouble.
The benchmark Shanghai Composite Index dropped 105.12 points, or 4.6 percent, to close at 2200.65. The Shenzhen Composite Index for [...]
By SAMANTHA GROSS
Associated Press Writer
NEW YORK (AP) – With the U.S. economy in the throes of a historic meltdown, financial workers everywhere fear layoffs. But even those who keep their jobs may face a far different future than they had imagined – one without the big payouts that have long made Wall Street a beacon [...]
