August 28, 2008

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

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

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

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

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

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

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

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

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

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.