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News & Updates

August 28, 2008
Lexis Nexis - AC
SEC OKs Plan That Could Lead To Global Accounting Rules; U.S. Firms Might Have To Follow International Guides


By: USA TODAY
Edward Iwata

Securities regulators on Wednesday gave the go-ahead to a plan that could require thousands of U.S. companies to change from U.S. accounting standards to global accounting rules that are quickly gaining favor abroad.

 


August 28, 2008
Lexis Nexis - AC
Durable Goods Orders Jump; Capital Spending Strong


By: Investor's Business Daily
DAVID HOGBERG

Demand for big-ticket, long-lasting items rose unexpectedly last month, the Commerce Department said Wednesday, as the export boom continues.

But analysts wonder if that foreign demand will flag.

 


August 28, 2008
Lexis Nexis - AC
Venture Capitalists Go Exploring For Start-ups; Today's Success Stories Often Originate Far From Silicon Valley

By: USA TODAY
Edward Iwata

 

While others toiled in the technology mecca of Silicon Valley, Trevor Loy -- a former Intel manager and Stanford University-trained engineer -- pursued the digital road not taken.

Nearly a decade ago, he moved to the New Mexico...


August 28, 2008
Lexis Nexis - AC
Bank Avoided Toxic Loans, Not Pain; Wall Street Issues Hit Across Country

By: USA TODAY
Greg Farrell

 

SALT LAKE CITY -- What happens on Wall Street doesn't stay on Wall Street. Just ask Harris Simmons, CEO of Zions Bancorp.

During the past 12 months, the implosion of the mortgage-backed securities market has blasted holes in the...


August 28, 2008
Lexis Nexis - AC
THE ECONOMY; Buyers Snap Up Durable Goods; July Orders Rise 1.3%, Defying Recession Fears. But Exports May Slow.

By: Los Angeles Times
Tom Petruno, Times Staff Writer

 

What happened to the recession?

A government report Wednesday on July orders for big-ticket manufactured goods showed surprising strength -- defying the gloom on the consumer side of the economy.

 


August 27, 2008
Lexis Nexis - AC
ATTORNEY GENERAL CUOMO REACHES AGREEMENT WITH MAJOR ENERGY, XCEL ENERGY, TO REQUIRE DISCLOSURE OF FINANCIAL RISKS OF CLIMATE CHANGE TO INVESTORS

By: US States News
US States News

 

The New York State Attorney General issued the following news release:

Attorney General Andrew M. Cuomo today announced the first-ever binding and enforceable agreement requiring a major national energy company to disclose the...


August 27, 2008
Lexis Nexis - AC
Dizzying Slide Continues For Home Prices; Two Reports Reveal Steep Drops From A Year Earlier, With Southern California Taking A Painful Hit.


By: Los Angeles Times
Peter Y. Hong, Times Staff Writer

U.S. home prices continued to fall at a record pace through the first half of 2008, according to a major indicator released Tuesday. The Standard & Poor's/Case-Shiller U.S. national home price index fell 15.4% in the second...


August 27, 2008
Lexis Nexis - AC
BANKING; FDIC Warns Of More Failures; Regulators Revise The Cost Of The IndyMac Bailout To $8.9 Billion.

By: Los Angeles Times
Jim Puzzanghera and E. Scott Reckard, Times Staff Writers

 

Federal regulators Tuesday boosted to $8.9 billion the estimated cost of IndyMac Bank's failure and prepared the public for more collapses, reporting that the number of troubled U.S. banks shot up 30% in just three months.

 


August 27, 2008
Lexis Nexis - AC
Stocks End Mixed As Few Leaders Move In Volume

By: Investor's Business Daily
DONALD H. GOLD

 

Stocks closed mixed Tuesday, as oil and gas stocks lifted the NYSE indexes but failed to do much for the tech-heavy Nasdaq.

The New York composite and S&P 500 rose 0.4%, and the Dow added 0.2%. Winners beat losers by 3-to-2, as...


August 27, 2008
Lexis Nexis - AC
Russia, Brazil Markets Seek New Foothold

By: Investor's Business Daily
DONALD H. GOLD

 

Beware the two-edged sword. Emerging markets thrive on world growth. So when that growth slows, as it has now, those economies -- and stocks -- can get whacked.

 


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