Archive for November 9th, 2007
« Previous EntriesStocks End Volatile Week With Huge Drop (AP)
Friday, November 9th, 2007Wall Street finished a turbulent week with another huge drop Friday after major banks warned of further losses on their debt portfolios, raising investor concerns that the credit market slump shows no sign of abating.
Sluggish U.S. growth but no recession-Blue Chip (at Reuters)
Friday, November 9th, 2007Retail sales, PPI and CPI may trip stocks (Reuters)
Friday, November 9th, 2007Any new signs that the economy continues to decelerate could make it hard for stocks to regain their footing after a bruising week that saw market indexes down sharply, and left consumer confidence at a two-year low.
China bans export of ‘date rape’ drug toys
Friday, November 9th, 2007China’s government has suspended exports of toys covered with a toxic chemical that have been subject to recalls in many countries after sickening children, the state-run Xinhua News Agency reported.
E*Trade sees bigger debt write-downs
Friday, November 9th, 2007E*Trade Financial Corp. said Friday the value of its holdings of securities backed by home mortgages has fallen significantly, and as a result expects to take “significant write-downs” in the fourth quarter.