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News & UpdatesNovember 12, 2008 Goldman Promises to Stick to StrategyBy: The Wall Street Journal The transformation of Goldman Sachs Group Inc. into a bank holding company won't change its strategy, according a slide presentation prepared for remarks by Chief Executive Lloyd Blankfein at an investor conference Tuesday... November 12, 2008 Oil Prices Drop to 20-Month LowBy: New York Times Oil prices fell to their lowest level in 20 months on Tuesday, despite efforts by the OPEC cartel to stem the slide, as weak economic growth continued to reduce consumption around the world.
November 12, 2008 Bank of England Signals Rate Cuts Needed as Economy ContractsBy: Bloomberg The Bank of England predicted the U.K. economy will contract throughout most of 2009 and inflation will slow below the government's 1 percent minimum unless it cuts interest rates further November 12, 2008 GM Judged Too Big to Fail as Pelosi Embraces Rescue  By: Bloomberg.com House Speaker Nancy Pelosi has thrown her support behind the premise that General Motors Corp., the largest U.S. automaker, is too big to be allowed to fail. In urging Congress to enact emergency aid for the ailing auto industry,... November 11, 2008 Harvard considers cuts as financial crisis hitsBy: MSN Money Harvard University is looking for ways to reduce spending, its president said on Monday, raising the prospect of cuts to programs and compensation at the world's richest university during the financial crisis.
November 11, 2008 A bitter brew for StarbucksBy: CNN Money As American consumers rein in spending on non-essentials, coffee-shop operator posts weaker-than-expected earnings November 11, 2008 Environmentalists look to Obama to limit drillingBy: Reuters Environmentalists on Monday applauded an announcement that U.S. President-Elect Barack Obama would consider curtailing oil and gas drilling in some areas, and expressed hope future energy policy decisions would contain more... November 11, 2008 Obama Asks Bush to Provide Help for AutomakersBy: New York Times The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support... November 11, 2008 Bonuses for Wall Street Should Go to Zero, U.S. Taxpayers Say By: Bloomberg U.S. taxpayers, who feel they own a stake in Wall Street after funding a $700 billion bailout for the industry, don't want executives' bonuses reduced. They want them eliminated. November 11, 2008 Citi expands effort to help homeowners avoid foreclosureBy: Marketwatch Citigroup, the New York financial-services major, extended its effort to avoid foreclosing on homes. The bank on Tuesday announced the Citi Homeowner Assistance program, under which it would preemptively contact some 500,000... |
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