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Those who had bought stocks using borrowed money have been forced to sell millions to settle so-called margin loans with banks.
COMMENT ON THIS ! Your Views! Rebounding from its worst week in history, Wall Street has soared again with the US government outlining several steps to combat the financial crisis, including a likely $250 billion injection to help struggling banks.
By Arun Kumar, Washington, Oct 14 : Rebounding from its worst week in history, Wall Street has soared again with the US government outlining several steps to combat the financial crisis, including a likely USD 250 billion injection to help struggling banks.
FILE PHOTO--The worldwide headquarters of General Motors Corporation (GMC). (JEFF HAYNES/AFP/Getty Images) A merger between General Motors Corp. and Chrysler LLC would have to include lots of cash, plenty of persuasion of GM's board and a hard look at both automakers' products, including those made in St. Louis-area plants, analysts say.
CHICAGO----Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Hey folks! Have you been wondering why Republicans have suddenly stopped talking about 'family values?'
AUSTRALIAN stocks remained strong at noon, led by the financial sector, after rebounding this morning from Friday's horror session.
AUSTRALIAN stocks are expected to open flat today after panic selling on Friday wiped almost $100 million from the market.
AUSTRALIAN stocks are expected to open flat tomorrow as Wall street closed the week modestly lower following its horror session on Thursday.
Australian stocks are expected to open flat on Monday as Wall street closed the week modestly lower following its horror session on Thursday.
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