Archive for December 11th, 2007
« Previous EntriesWall Street to Fed: Not good enough
Tuesday, December 11th, 2007Stocks slumped and bonds rallied Tuesday after the Federal Reserve cut the fed funds rate by a quarter-percentage point, as expected, but disappointed some investors looking for a bigger cut.
Bonds close higher on quarter-point Fed cut
Tuesday, December 11th, 2007Treasury prices rallied Tuesday after the Federal Reserve lowered the federal funds and discount rates while sending a vague signal that more rate cuts are an option.
Citi splits job, names Pandit CEO
Tuesday, December 11th, 2007After weeks of uncertainty about the company’s future leadership, Citigroup anointed its investment banking chief Vikram Pandit as its new chief executive and tapped interim CEO Sir Win Bischoff as chairman.
Senate drills Bush official over oil prices
Tuesday, December 11th, 2007A Senate panel grilled a key government energy expert Tuesday over why the Bush administration plans to continue adding to the nation’s oil reserve as the price of crude spikes near $100 a barrel.
Wall Street to Fed: Not good enough
Tuesday, December 11th, 2007Stocks slumped and bonds rallied Tuesday after the Federal Reserve cut the fed funds rate by a quarter-percentage point, as expected, but disappointed some investors looking for a bigger cut.