Archive for August 22nd, 2008
« Previous EntriesLehman’s clock is ticking
Friday, August 22nd, 2008Lehman Brothers’ latest march toward the once-unthinkable price of $10 a share was interrupted when a Korean bank expressed interest Friday in the struggling brokerage firm. The question now is whether CEO Dick Fuld is willing to reciprocate.
Dollar rebounds on UK weakness
Friday, August 22nd, 2008The dollar staged a rebound Friday, after a report on the United Kingdom’s economy showed lower-than-expected growth.
Treasurys fall on dollar and stock rally
Friday, August 22nd, 2008Bonds sank Friday as the falling dollar, struggling stocks and rising oil of the past few sessions reversed gears.
Merrill to buy back $7B in auction-rate securities
Friday, August 22nd, 2008Read full story for latest details.
Stocks jump as oil slumps
Friday, August 22nd, 2008Stocks surged Friday, at the end of a tough week, as investors welcomed lower oil prices, a stronger dollar, a rebound in bank shares and comments from Fed Chairman Ben Bernanke that cooled some inflationary worries.