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Icelandic Stocks Drop 77% as Trading Resumes After 3-Day Halt
Published October 14, 2008, 9:21 am, Bloomberg
Oct. 14 (Bloomberg) -- Iceland's benchmark stock index plunged 77 percent, the biggest decline on record, as trading resumed after a three-day suspension and the nationalization of the country's largest banks.
Canadian Stocks Rally the Most Since 1975 on Bank Rescue Plans
Published October 14, 2008, 9:21 am, Bloomberg
Oct. 14 (Bloomberg) -- Canadian stocks surged, sending the main index to the biggest gain in 33 years, on speculation that U.S. plans to invest $250 billion in banks may help avert a global recession.
European Notes Decline as Bank-Rescue Plans Buoy Stock Markets
Published October 14, 2008, 9:20 am, Bloomberg
Oct. 14 (Bloomberg) -- European notes fell for a second day as stocks surged after governments prepared to back major banks to calm credit markets, sapping demand for the safest assets.
Natural Gas Rises as Government Injects Money to Spur Economy
Published October 14, 2008, 9:17 am, Bloomberg
Oct. 14 (Bloomberg) -- Natural gas in New York advanced for a second day as the U.S. government injected $250 billion into financial institutions in a bid to thaw frozen credit markets.
Retail fuel prices plunge
Published October 14, 2008, 8:57 am, Knoxville News Sentinel
Prices at the pump continue to fall. The average price of a gallon of regular unleaded in the Knoxville area dropped 3.4 cents on Tuesday to $3.271 and diesel dropped 3.7 cents to $3.75, according to the AAA Daily Fuel Gauge Report.
Libor for Dollars, Euros Fall on Government Bank-Rescue Plans
Published October 14, 2008, 8:50 am, Bloomberg
Oct. 14 (Bloomberg) -- Money-market rates in London fell after the U.S. joined the U.K., Germany and France in offering to buy stakes in banks to restore confidence in the global financial system.
Cattle Rise as Stock Rally May Boost Meat Demand; Hogs Steady
Published October 14, 2008, 8:46 am, Bloomberg
Oct. 14 (Bloomberg) -- Cattle futures rose for a second day as global equities and commodities rallied, easing concerns that the slumping economy is curbing meat demand. Hogs were little changed.
World stocks higher after US bank rescue plan
Published October 14, 2008, 8:45 am, The Oregonian
World stock markets rose with a record day in Japan leading to stronger European shares.
Oil Prices Turn Lower After Topping $85
Published October 14, 2008, 8:44 am, Nasdaq
(RTTNews) - Oil prices turned lower after traders learned details of the government's latest rescue plan to help struggling lenders on Tuesday. Light sweet crude for December delivery moved to $81.06, down 62 cents on the session.
World stocks higher after US bank rescue plan
Published October 14, 2008, 8:25 am, INO News
(AP:LONDON) World stock markets rose Tuesday with a record day in Japan leading to stronger European shares and a solid open on Wall Street, as markets welcomed the U.S. government's plan to pump $250 billion into banks and shore up the country's financial system.
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