Gulf oil companies prepare for deadly hurricane
HOUSTON (Reuters) - Gulf of Mexico oil and natural gas producers were evacuating offshore workers and shutting small amounts of production on Saturday as they watched powerful Hurricane Dean storm across the Caribbean Sea toward an entry into the Gulf next week.
Sentinel files for Chapter 11 bankruptcy
NEW YORK (Reuters) - Sentinel Management Group Inc., a U.S. futures commission merchant whose decision to freeze client accounts on Tuesday helped roil global financial markets, filed for Chapter 11 bankruptcy protection late on Friday.
After Fed's rescue, volatile days ahead
NEW YORK (Reuters) - The Federal Reserve came to the stock market's rescue on Friday but unless credit markets remain stable this week, the salvation may prove little more than a brief respite from its late summer sell-off.
Wall St soars after Fed's discount rate cut
NEW YORK (Reuters) - Stocks surged on Friday to end a turbulent week after the Federal Reserve cut the discount rate it charges banks in an emergency move to stabilize credit markets and keep the economy on track.
Author applies economics to life and dating
NEW YORK (Reuters) - Economics professor Tyler Cowen delights in using his expertise to get the best out of life. In his new book, he says anyone can.
China eyes investing in private equity, hedge funds
SHENZHEN, China (Reuters) - The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according to a senior official.
Fed cuts discount rate, signals growth concern
WASHINGTON (Reuters) - In a bold bid to turn back a rising financial storm, the U.S. Federal Reserve on Friday cut a key bank lending rate and signaled a willingness to take more dramatic action to cushion the economy from tightening credit.
Hide now, buy later, wealth managers say
By Douwe Miedema, European Wealth Management Correspondent
Appeals court OKs lawsuit against Cingular
NEW YORK (Reuters) - A U.S. Appeals Court on Friday reversed a lower court decision and allowed a class-action lawsuit against Cingular Wireless to go ahead.
Toys "R" Us stops sales of China-made bibs
NEW YORK (Reuters) - Retailer Toys "R" Us on Friday said it removed all Hamco Inc.'s vinyl baby bibs, which were made in China, from its shelves as a precaution after an independent tester found two samples of bibs containing excessive amounts of lead.
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