Archive for January, 2009
Jan
28
2009
 
Fed Keeps Rates ‘Exceptionally Low’, Will Use ‘All Available Tools’ to Fight DownturnPosted by: yahootechticker in Yahoo Tech TickerUpdated from 12:48 p.m. ETUpdate: The Fed kept its key lending rate in the 0%-0.25% range at Wednesday’s policy meeting and declared ”economic conditions are likely to warrant exceptionally low levels of the
Jan
28
2009
Don’t Expect the Fed to Stand Pat, But Don’t Expect Total Candor EitherPosted by: yahootechticker in Yahoo Tech TickerWith the fed funds rate effectively zero, the general consensus is there’s not much more the Fed can do, and that all that matters is the fiscal stimulus package making its way through Congress. While CEDAR RAPIDS — Former Agriprocessors CEO Sholom Rubashkin will be released on bail pending trial on charges related to an immigration raid last year on the kosher meatpacking plant in Postville.
Jan
28
2009
Bidder offers $40 million for slaughterhousePosted by: wcfcouriernewsfeed in Cedar Valley BusinessIOWA CITY (AP) — An embattled kosher slaughterhouse in Northeast Iowa might have found a buyer.
Jan
28
2009
Obama’s $900B Stimulus: ‘Post-Partisan’ It’s Not, But Congress Set to ApprovePosted by: yahootechticker in Yahoo Tech TickerThe House is expected to approve Barack Obama’s now nearly $900 billion stimulus bill today after the President yielded some points to the minority after a meeting with Congressional Republicans yesterday, including: $69 billion to prevent the Alternative
Jan
28
2009
No Wifi? No Problem. Gmail Unveils Offline E-mailPosted by: wiredtechbiz in Wired Tech BizGoogle has gone a long way toward solving the biggest drawback of web-based e-mail — what do you do when there is no internet connection? Google aims to solve that problem with new offering that will enable Gmail users access from their browsers even when they aren’t online.
Jan
28
2009
Wells Fargo and Wachovia Lose $13.72 BillionPosted by: yahootechticker in Yahoo Tech TickerFrom ClusterStock.com, Jan. 28, 2009:Wells Fargo lost $2.55 billion in the fourth quarter. Wachovia, which it acquired on December 31st, lost $11.17 billion. Add those numbers together and you’ve got a $13.72 billion loss for the combined entity. But The Obama administration is close to a plan to buy bad assets from financial companies. The House votes today on the president’s stimulus plan. Yahoo posts a loss but beats Wall Street’s estimate. Target cuts jobs.
Jan
28
2009
Yahoo CEO Bartz Era Begins with No "Preconceived Notions"Posted by: yahootechticker in Yahoo Tech TickerYahoo shares rallied in tune with the broader market Wednesday in the wake of the company’s fourth-quarter results and new CEO Carol Bartz’s first earnings conference call. Excluding one-time charges related (mainly) to layoffs,
Jan
28
2009
NYU’s Roubini: "Nowhere to Hide" from Global SlowdownPosted by: yahootechticker in Yahoo Tech TickerNouriel Roubini of NYU’s Stern School of Business is making fresh headlines, as he’s forecasting an even more dire outlook for the global economy. In an interview yesterday with
Jan
28
2009
Soros: $1.5 Trillion Needed To Save The BanksPosted by: yahootechticker in Yahoo Tech TickerFrom Clusterstock:George Soros just wrapped up his presentation at Davos, where he Even sin isn’t secure anymore. Gambling, sex, cigarettes and alcohol are among the supposedly recession-proof businesses hit hard by the economic downturn. I don’t know what the future will bring. But I know that I want my family to be secure. Here’s what we’re going to do about it — and an invitation to join us. Keep this in mind as we work through hard times. America, and the market, will prosper in the long run. Yahoo shares rise after hours as earnings beat Street estimates. GE falls on a possible downgrade from Moody’s. American Express shares jump more than 9% and lead financial stocks higher. Consumer confidence hits a record low. |
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