Navigate: Home Archive: September 2008

The Only Certainty in an Uncertain Market

Sep 23, 2008, 6:09 PM

Don’t let the market rebound last week fool you, cleaning this mess up is going to take quite a while. Sure, the Dow climbed 700 points in two days to close out... Read »

Warren Buffett Investing Billions in Goldman Sachs

Sep 23, 2008, 5:47 PM 1

The Goldman Sachs Group (GS), which yesterday relinquished its investment bank status and adopted a bank-holding co. structure – announced today that it has... Read »

Paulson, Bernanke Call For Immediate Action on Credit Turmoil

Sep 23, 2008, 2:02 PM

Fed Chair Ben Bernanke and Treasury Secretary Henry Paulson, testified today before the Senate Banking Committee on turmoil in U.S. credit markets. Once again in... Read »

Bristol-Myers Squibb Increases ImClone’s Tender Offer to $62 per Share

Sep 22, 2008, 7:43 PM

In a letter send Monday to Carl Icahn, the Chairman of ImClone Systems (IMCL), Bristol-Myers Squibb (BMY) announced that after consulting with external financial... Read »

Microsoft, Hewlett-Packard Increase Stock Buybacks

Sep 22, 2008, 4:07 PM

Microsoft (MSFT), in an effort to revive the share price of its stock after a nearly 30% slump this year – has authorized its board of directors to repurchase... Read »

Japan’s Largest Bank to Invest Billions in Morgan Stanley

Sep 22, 2008, 2:12 PM

Japan’s largest bank – Mitsubishi UFJ Financial Group [MUFG] has reached an agreement to invest up to 900 billion yen ($8.4 billion) for a stake of up to... Read »

Top Tier U.S. Firms Relinquish Investment Bank Status

Sep 22, 2008, 1:06 PM

The Federal Reserve in light of exigent circumstances affecting the financial markets has approved the applications of Goldman Sachs (GS) and Morgan Stanley (MS)... Read »

World Financial Markets Impose Short-Selling Ban

Sep 22, 2008, 1:17 AM

The Australian Government in a move aimed at offering its markets some protection from unprecedented turmoil in the financial markets worldwide, imposed on Sunday... Read »

Paulson Urges Congress in Getting the Bailout Plan Approved

Sep 21, 2008, 6:48 PM 1

US Treasury Secretary Henry Paulson made the rounds of the television talk shows on Sunday. He stressed the fact that the nation’s credit markets are “very... Read »

Treasury Sends Congress Unprecedented $700 billion Bailout Plan

Sep 20, 2008, 11:53 PM 6

According to Saturday’s news reports, the federal government is asking Congress for $700 billion to buy up bad debt from U.S. financial institutions in efforts... Read »

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