Stocks endure wild day on credit angst
NEW YORK (Reuters) - Blue-chip stocks slipped, while the broader market edged higher on Friday after the Federal Reserve injected cash to shore up the banking system and ease anxieties over looming losses related to subprime mortgages.
Central banks act to head off global credit crisis
WASHINGTON/FRANKFURT (Reuters) - Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and they pledged to do more if needed.
Judge doubles Broadcom award in Qualcomm lawsuit
NEW YORK (Reuters) - A U.S. district court judge tentatively doubled on Friday Broadcom Corp.'s $19.64 million damages award against Qualcomm Inc. , the latest step in a patent infringement case between the chip suppliers.
Lessons for today's market in 1907 panic
NEW YORK (Reuters) - The current upheaval in global markets has many on Wall Street drawing comparisons to turmoil seen in 1998, 1987 and even 1929, but a new book suggests investors should look back as far as 1907 for insight into the mechanisms that can trigger a crash.
Fed vows, then pumps massive funds to calm markets
WASHINGTON/NEW YORK (Reuters) - The U.S. Federal Reserve on Friday sought to reassure investors and head off spreading credit problems by vowing to provide liquidity and injecting the most money in the banking system since shortly after the September 11, 2001, attacks.
AirTran hostile bid for Midwest set to expire
CHICAGO (Reuters) - AirTran Holdings Inc said it had until Monday to decide whether to extend its hostile bid for Midwest Air Group should it fail by its deadline of midnight on Friday.
Retail investors take gyrations in stride
NEW YORK (Reuters) - Wall Street's roller-coaster ride, triggered by the meltdown in subprime mortgage lending, is spreading pain through financial markets -- but has not hit Main Street yet.
Nasdaq to continue integration planning for OMX merger
NEW YORK (Reuters) - The Nasdaq Stock Market Inc will continue to conduct integration meetings and planning for its proposed merger with Nordic bourse operator OMX AB , Chief Executive Officer Bob Greifeld said on Friday.
Regulator denies Fannie request to grow investments
WASHINGTON (Reuters) - The federal regulator for Fannie Mae on Friday denied the mortgage finance company's request to grow its investment portfolio, but did not close the door on the possibility of lifting the cap in the future.
Wall St does not see imminent rate cut from Fed
NEW YORK (Reuters) - Wall Street economists do not foresee an imminent interest rate cut from the Federal Reserve despite a credit squeeze that is pressuring financial markets and forcing central banks to funnel liquidity into the system.
Name: SyroBro