Navigate: Home Archive: April 2009

WHO Raises Swine Flu Pandemic Level to Phase 5

Apr 29, 2009, 4:39 PM

WSJ reports: Margaret Chan, WHO Director-General is giving an update on the swine flu situation. She says: “All countries should immediately now activate their... Read »

Trading the New Zealand Interest Rate Decision

Apr 29, 2009, 4:18 PM

Everyone is focused on the Federal Reserve’s interest rate decision at 2:15pm ET this afternoon, but I actually have my eye on the Reserve Bank of New Zealand’s... Read »

Obama Expected to Declare Chrysler Bankrupt

Apr 29, 2009, 4:01 PM

President Obama is expected to declare Chrysler bankrupt tomorrow, Bloomberg news service reports. The  story is breaking right now and has not been picked up yet... Read »

Lewis Re-Elected by Bank of America Shareholders

Apr 29, 2009, 3:10 PM

Despite a 75% fall in the BofA’s share price since the purchase of Merrill Lynch on January 1, and the bank’s failure to quickly disclose massive losses... Read »

Berkshire Hathaway to Delay Q1 Earnings Report

Apr 29, 2009, 2:54 PM

Berkshire Hathaway (BRKa) (BRKb) will not report Q1’09 earnings on Friday as expected, according to Reuters. Warren Buffet’s Omaha, Nebraska-based conglomerate... Read »

Federal Reserve Statement on Fed Fund Rates

Apr 29, 2009, 2:33 PM

FED Statement: Information received since the Federal Open Market Committee met in March indicates that the economy has continued to contract, though the pace of... Read »

Investors See “Green Shoots” in 1Q GDP Manure

Apr 29, 2009, 2:27 PM

The Commerce Department reported this morning that first quarter GDP declined at a 6.1% annual clip–a far bleaker number than the 4.9% drop expected by most economists.... Read »

Over 100 Firms Apply to Buy US Toxic Assets

Apr 29, 2009, 2:27 PM

The Treasury Dept. said on Wednesday it received more than 100 unique applications from potential asset fund managers interested in forming public-private investment... Read »

Q1 GDP Declined 6.1 Percent: Another Painful Report

Apr 29, 2009, 2:06 PM

The government’s advance estimate of GDP for the first quarter was worse than expected—quite a bit worse. The consensus outlook called for a 4.7% drop, according... Read »

GDP Data: The Bad News Continues

Apr 29, 2009, 1:42 PM

Sure enough, GDP prints a horrible figure and tocks go down for a millisecond before trampolining back up to within a couple of ticks of the high of the day. In... Read »

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