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Libor for Overnight Dollar Loans Jumps as Credit Freeze Deepens
Published October 7, 2008, 9:51 am, Bloomberg
Oct. 7 (Bloomberg) -- The cost of borrowing in dollars overnight in London jumped as U.K. lenders held talks with the government on emergency funding and Iceland nationalized its second-biggest bank amid an unprecedented credit squeeze.
Stocks Move To The Downside In Early Afternoon Trading - U.S. Commentary
Published October 7, 2008, 9:48 am, INO News
(RTTNews) - With investors taking a wait and see attitude, stocks have been trading in a choppy manner throughout the session on Tuesday. While the Federal Reserve announced a new facility to buy massive amounts of commercial paper, traders remain concerned about the outlook for the global economy.
European Stocks Fall on Bank Capital Concern; RBS, SAP Decline
Published October 7, 2008, 9:45 am, Bloomberg
Oct. 7 (Bloomberg) -- European stocks fell, sending the Dow Jones Stoxx 600 Index to a four-year low, as concern that banks need more capital overshadowed the Federal Reserve's plan to unlock credit markets by purchasing short-term corporate loans.
RBS Bond Risk Rises on Ratings Downgrade, Funding Speculation
Published October 7, 2008, 9:42 am, Bloomberg
Oct. 7 (Bloomberg) -- The cost of default protection on bonds sold by Royal Bank of Scotland Group Plc rose amid investor speculation it may seek funding from the U.K. government after the lender had its credit ratings cut.
U.K. Stocks Rise; BP, Shell and Diageo Shares Lead the Advance
Published October 7, 2008, 9:41 am, Bloomberg
Oct. 7 (Bloomberg) -- U.K. stocks advanced, rebounding from the biggest slump in more than twenty years yesterday, led by BP Plc and Royal Dutch Shell Plc as the price of crude oil rallied.
Treasuries Tumble as Fed Agrees to Purchase Commercial Paper
Published October 7, 2008, 9:31 am, Bloomberg
Oct. 7 (Bloomberg) -- Treasuries fell, snapping the longest rally in a month, after the Federal Reserve said it will buy commercial paper in an effort to thaw short-term lending markets, damping demand for the haven of government debt.
VIVUS Announces The Weight Loss Effects Of Qnexa In Type 2 Diabetes - Shows Weight Loss Of 17 Pounds In 28 Weeks
Published October 7, 2008, 9:22 am, Medical News Today
VIVUS, Inc. (NASDAQ: VVUS), a pharmaceutical company dedicated to the development and commercialization of novel therapeutic products, today announced the weight loss effects of Qnexa in subjects with type 2 diabetes at The Obesity Society Annual Scientific Meeting in Phoenix, Arizona. Dr.
European Stocks Fall on Bank Capital Concern; RBS, SAP Decline
Published October 7, 2008, 9:14 am, Bloomberg
Oct. 7 (Bloomberg) -- European stocks declined as concern that financial firms need more capital overshadowed the Federal Reserve's plan to unlock credit markets by purchasing short-term corporate loans.
European Notes Fall; Australian Cut Spurs Bets on Further Moves
Published October 7, 2008, 8:49 am, Bloomberg
Oct. 7 (Bloomberg) -- European government bonds fell after Australia's central bank slashed interest rates by the most since 1992, prompting speculation other banks may follow suit to avert a worldwide recession.
EU to Raise Bank-Deposit Insurance to Stem Crisis (Update1)
Published October 7, 2008, 8:48 am, Bloomberg
Oct. 7 (Bloomberg) -- European Union finance ministers failed to find a solution to the frozen credit markets that created the biggest financial crisis since the Great Depression, settling for an increase in consumers' deposit insurance.
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