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Weak rollovers indicate indecisiveness
Published November 21, 2008, 6:08 am, Business Standard India
The Nifty bounced back from the day’s low of 2,495 and closed at 2,554, much above the support level of 2,520, on short covering at lower levels. This has encouraged the bulls who expect markets to recover.
Canadian Solar 3Q profit misses analyst estimates
Published November 21, 2008, 6:04 am, INO News
(AP:NEW YORK) Canadian Solar Inc., which makes solar power products, on Friday said its third-quarter earnings multiplied from a year before due to increased production and sales of low-cost products which helped strengthen margins.
Citigroup eyeing options, including a merger
Published November 21, 2008, 6:01 am, MSNBC
Citigroup Inc is reportedly looking at breaking up and selling parts of the company, or a merger with another firm, after its stock fell 50 percent this week.
International regulators to discuss short selling rules
Published November 21, 2008, 5:51 am, Investment Executive
U.S Securities and Exchange Commission chairman Christopher Cox announced that he will convene a meeting of the International Organization of Securities Commissions Technical Committee to discuss urgent regulatory issues in the ongoing credit crisis.
Guernsey: Wrestled To The Ground
Published November 21, 2008, 5:30 am, Mondaq
In the middle of September, what was a rolling but intensifying financial problem for a number of Wall Street investment banks and a range of other large American financial institutions rapidly turned into an overnight crisis. The warning signs had already been sent out in July with Bear Stearns.
Citigroup's Worries Mount
Published November 21, 2008, 5:29 am, BusinessWeek Online via Yahoo! UK & Ireland Finance
The bank's sinking shares indicate investors have lost confidence in CEO Vikram Pandit and it may be headed for a sale or another bailout
Big sell-off has yet to slow
Published November 21, 2008, 5:16 am, The Charlotte Observer
(By David Pitt, Associated Press) There was a time when thresholds meant something. The Dow Jones average sinking below 8,000 must mean the bottom is near. The S&P 500 falling 50 percent from its high must signal the end of the freefall. Economists, money managers and traders who watch the markets closely say you can't assume previous bear market measures mean much. They acknowledge they don't ...
More job cuts heighten recession fears
Published November 21, 2008, 5:16 am, Philippine Daily Inquirer
WASHINGTON—Fears of a global recession intensified on Friday after US lawmakers dashed the auto industry's hopes of a rapid bailout and grim news of more mass job cuts piled up.
David Paul: Will We Let Detroit Go and the Recession Deepen Out of Disgust Over Financial Bailout?
Published November 21, 2008, 5:06 am, HuffingtonPost
The debate over the bailout rages on. On the one hand, the companies involved have only themselves to blame. No one denies that they brought...
Citigroup eyes options, including merger
Published November 21, 2008, 4:59 am, Boston Globe
Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
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