Sunday, November 30, 2008

Energy: Oil bull looks for price bounce

Date: 1 DEC 2008 03:16:19 GMT

A successful but still-scarred oil bull hints oil will bounce … eventually.

Friday, November 28, 2008

Markets Friday, 11/28/2008

Date: Fri, 28 Nov 2008 17:31:06 -0500

| Dow : 8829.04 up 102.43 | S & P : 896.24 up 8.56 |
| NASDAQ: 1535.57 up 3.47 | Bond (10Y): 2.92%, 107.03

MARKETS:
Dow, S&P 500 in 5-day win streak
Major indexes advance at the end of a thinly traded, post-holiday session.

U.S. stocks rise on Black Friday to post strong weekly gains

Date: Fri, 28 Nov 2008 17:01:34 -0500

U.S. stocks rise on Black Friday to post strong weekly gains

U.S. stocks end higher, leaving the market with monthly losses but
with large gains for a holiday-shortened week that saw investors
increasingly confident that much of a dire economic outlook already
has been priced in.

RETAILERS HOPE BlACK FRIDAY SETS TONE FOR HOLIDAY SEASON

Outside Minneapolis at the Mall of America, more than 5,000 shoppers
had lined up outside of the 520-store complex for free gifts and
"door-buster" specials by the time all the mall's stores opened at 6
a.m.

TOY BUSINESS FACES APPREHENSIVE CONSUMERS

America's retailers of toys want to make this gift-giving season an
easier sell for budget-conscious parents squeezed by the deteriorating
economy.

HEDGE FUNDS: HEDGE FUNDS TRY TO HOLD BACK WAVE OF INVESTOR REDEMPTIONS

Hundreds of hedge funds will shut this year as an estimated wave of as
much as $700 billion in investor redemptions crashes over the
industry, but some managers are trying to hold back the tsunami.

ASIA MARKETS: HONG KONG EXTENDS RALLY, MUMBAI TRADING VOLATILE

Most Asian markets advance Friday, with Hong Kong and South Korean
shares taking gains into a fourth straight session, paced by banks as
investors snap up beaten-down lenders such as Industrial Bank of Korea
and HSBC Holdings.

Dow ends abbreviated session up 100 points; U.S. stocks rise 12% on week

Date: Fri, 28 Nov 2008 13:09:54 -0500

Dow ends abbreviated session up 100 points; U.S. stocks rise 12% on week
11/28/2008 1:08:00 PM EDT

U.S. stocks nearly flat on Black Friday

Date: Fri, 28 Nov 2008 12:01:18 -0500
U.S. stocks nearly flat on Black Friday

Stocks trade little changed on Black Friday, the traditional start of
the U.S. holiday shopping season, with subdued prospects for retailers
apparently already factored in by investors.

BLACK FRIDAY SETS TONE FOR HOLIDAY SHOPPING SEASON

At suburban Minneapolis' Mall of America, the biggest U.S. shopping
center, thousands line up outside of the 520-store complex for free
gifts and "door buster" specials before the mall's first full-store
opening at 6 a.m. Is that indicative of the Black Friday trend or an
abberation?

ASIA MARKETS: HONG KONG EXTENDS RALLY, MUMBAI TRADING VOLATILE

Most Asian markets advance Friday, with Hong Kong and South Korean
shares taking gains into a fourth straight session, paced by banks as
investors snap up beaten-down lenders such as Industrial Bank of Korea
and HSBC Holdings.


RESCUE EFFORTS ON AS INDIA-PAK OFFICIALS TRADE WORDS

Army commandos battle to flush out terrorists and rescue hostages in
Mumbai early Friday, while Indian newspapers claim the coordinated
attacks Wednesday night that left at least 119 people dead and 315
wounded were carried out by a terrorist group based in Pakistan.

NOV. EURO-ZONE INFLATION TUMBLES NEAR ECB TARGET

Economists say any lingering inflation worries for the euro zone were
likely put to rest Friday after preliminary data shows that consumer
prices rose at an annual rate of 2.1% in November.

Energy: Oil stocks clipped by weaker crude, end of month profit-taking

Date: 28 NOV 2008 15:48:50 GMT

Energy stocks were trading lower in Friday's abbreviated
post-Thanksgiving Day session, pressured by weaker crude-oil prices
and a bout of profit-taking that looked set to snap a four-day winning
streak.

Dow industrials turn modestly positive early Friday; S&P follows suit; tech lags

Date: Fri, 28 Nov 2008 09:40:55 -0500

Dow industrials turn modestly positive early Friday; S&P follows suit; tech lags
11/28/2008 9:39:07 AM EDT

Energy: Crude falls on speculation OPEC may delay cuts

Date: 28 NOV 2008 14:10:48 GMTSubject: Energy: Crude falls on

Crude-oil futures fall on speculation that OPEC may wait until
December to decide whether to cut oil production further.

Thursday, November 27, 2008

Markets Thursday, 11/27/2008

Date: Thu, 27 Nov 2008 17:31:05 -0500

| Dow : 8726.61 up 247.14 | S & P : 887.68 up 30.29 |
| NASDAQ: 1532.10 up 67.37 | Bond (10Y): 2.98%, 106.50

|MARKETS:
World markets advance after U.S. rally
European and Asian markets close positive. Indian markets shuttered
after terror attack rocked Mumbai.

Former UBS executives give back bonuses as bank agrees to probe

Date: Thu, 27 Nov 2008 12:01:11 -0500
Former UBS executives give back bonuses as bank agrees to probe

Troubled Swiss banking group UBS on Thursday reveals that former
executives have repaid around 70 million Swiss francs ($59 million) of
bonuses and says it will allow an independent investigation to examine
whether any lawsuits should be filed against individuals.

EUROPE MARKETS: EUROPE SHARES MOVE HIGHER ON U.S. HOLIDAY

European shares climb on Thursday, as oil majors and banks advance on
a day when U.S. markets are closed for the Thanksgiving holiday.

ASIA MARKETS: SHANGHAI, HONG KONG, SEOUL RALLY; MUMBAI CLOSED

Asian markets ended with strong gains Thursday, paced by Shanghai- and
Hong Kong-listed shares a day after the Chinese central bank slashed
interest rates to kick-start weakening economic growth.

ONLINE RETAILERS MAY SEE HOLIDAY SLUMP

Online retailers are likely to feel the pressure of the slowing
economy, with sales for the core holiday-shopping season expected to
remain flat with last year.

PANASONIC SLASHES '09 VIEW ON STRONG YEN, WEAK CONSUMER SPENDING

Panasonic Co. slashes its forecast of fiscal 2009 net income by 97%,
saying that "business conditions are deteriorating sharply."

Energy: Shares in London advance as banks, insurers gain

Date: 27 NOV 2008 09:43:21 GMT

Banks and insurance firms help the top London share index to climb on
Thursday, a day when U.S. markets are closed for a holiday.

Wednesday, November 26, 2008

Terrorist attacks in Mumbai shut Indian stock exchange

Date: Wed, 26 Nov 2008 21:52:47 -0500

Terrorist attacks in Mumbai shut Indian stock exchange
11/26/2008 9:50:45 PM EDT

Markets Wednesday, 11/26/2008

Date: Wed, 26 Nov 2008 17:32:20 -0500

| Dow : 8726.61 up 247.14 | S & P : 887.68 up 30.29 |
|NASDAQ: 1532.10 up 67.37 | Bond (10Y): 2.98%, 106.50 |

MARKETS:
Dow's winning streak rises to 4
Stocks surge ahead of Thanksgiving as Obama news and automaker
strength boost stocks.

Tech sector paces Wall Street rally after glum economic data

Date: Wed, 26 Nov 2008 17:01:40 -0500

Tech sector paces Wall Street rally after glum economic data

Stocks rally, marking the market's fourth session of gains in a row,
as investors focused on deals in the battered technology sector
following gloomy economic data and downcast corporate reports by Deere
and Tiffany.

SCORES ARE KILLED IN MUMBAI IN COORDINATED ATTACKS

A series of coordinated bomb and gun attacks on Wednesday night in
Mumbai, India's financial capital, have claimed dozens of lives while
sowing chaos and confusion.

ONLINE RETAILERS MAY SEE HOLIDAY SLUMP

Online retailers are likely to feel the pressure of the slowing
economy, with sales for the core holiday-shopping season expected to
remain flat with last year.

CHINA SLASHES RATES TO KICK-START SLOWING ECONOMY

The People's Bank of China Wednesday slashes its lending and borrowing
rates by more than 1%, in addition to cutting banks' reserve
requirements sharply, to deliver its strongest response yet to a
recent slowdown in the mainland's economic growth.

EUROPEAN UNION PROPOSES $260 BILLION STIMULUS

The European Union proposes a 200 billion euro ($260 billion) effort
that would see member states coordinate attempts to provide a fiscal
jolt to the region's stagnating and shrinking economies.

Dow's rally extends to 4th day, with blue-chip measure up 244 points at the close; Nasdaq up 4.5%, S&P gains 3.4%.

Date: Wed, 26 Nov 2008 16:01:05 -0500

Dow's rally extends to 4th day, with blue-chip measure up 244 points
at the close; Nasdaq up 4.5%, S&P gains 3.4%.

Oil settles $3.67 higher at $54.44 a barrel as new talk of Chinese demand spurs investors.

Date: Wed, 26 Nov 2008 14:48:03 -0500

Oil settles $3.67 higher at $54.44 a barrel as new talk of Chinese
demand spurs investors.

Attacks in Mumbai, India leave at least 25 dead

Date: Wed, 26 Nov 2008 13:58:14 -0500

Attacks in Mumbai, India leave at least 25 dead
11/26/2008 1:56:12 PM EDT

Oil prices slip off their highs as investors react to a stronger-than-expected government energy supply report.

Date: Wed, 26 Nov 2008 10:38:04 -0500

Oil prices slip off their highs as investors react to a
stronger-than-expected government energy supply report.

Obama names former Fed Chief Paul Volker to chair the U.S. Economic Recovery Advisory Board.

Date: Wed, 26 Nov 2008 10:42:03 -0500

Obama names former Fed Chief Paul Volker to chair the U.S. Economic
Recovery Advisory Board.

Energy: Oil shares open lower but mount rebound amid bearish supply data

Date: 26 NOV 2008 17:14:59 GMT

Energy stocks tip lower after another set of weak bearish oil supply
data, but a rally was in the works at midday.

Stocks try to shrug off earlier declines

Date: Wed, 26 Nov 2008 12:01:23 -0500

Stocks try to shrug off earlier declines

U.S. stocks on Wednesday try to brush off early declines, pulling
mildly higher as President-elect Barack Obama details plans for an
economic advisory board.

RETAILERS PULL OUT ALL STOPS TO STIR BLACK FRIDAY BUYING

Retailers are making a historic Black Friday push, laying bets that
aggressive discounting and other incentives will set a more upbeat
tone than expected for the holiday shopping season.


ECONOMIC REPORT: OCTOBER DURABLE ORDERS DOWN 6.2%, TRANSPORTATION ORDERS FALL

Orders for U.S.-made durable goods fall 6.2% in October, the largest
decline in two years, the Commerce Department estimated, as orders for
transportation goods fell 11.1%.

CHINA SLASHES RATES TO KICK-START SLOWING ECONOMY

The People's Bank of China Wednesday slashes its lending and borrowing
rates by more than 1%, in addition to cutting banks' reserve
requirements sharply, to deliver its strongest response yet to a
recent slowdown in the mainland's economic growth.

EUROPEAN UNION PROPOSES $260 BILLION STIMULUS

The European Union proposes a 200 billion euro ($260 billion) effort
that would see member states coordinate attempts to provide a fiscal
jolt to the region's stagnating and shrinking economies.

October new home sales tumbled more than expected to 433,000 - their lowest level in nearly 18 years. Prices also fell.

Date: Wed, 26 Nov 2008 10:05:06 -0500

October new home sales tumbled more than expected to 433,000 - their
lowest level in nearly 18 years. Prices also fell.

Stocks skid at the open as a spate of bleak economic reports threaten the Dow's three-day rally.

Date: Wed, 26 Nov 2008 09:32:05 -0500

Stocks skid at the open as a spate of bleak economic reports threaten
the Dow's three-day rally.

U.S. orders for durable goods plunge 6.2% in October on transportation

Date: Wed, 26 Nov 2008 08:38:06 -0500

U.S. orders for durable goods plunge 6.2% in October on transportation
11/26/2008 8:36:09 AM EDT

Energy: Oil gains on China rate cuts, EU stimulus plan

Date: 26 NOV 2008 13:21:07 GMT

Oil futures buoyed by China's decision to cut interest rates and the
European Union's proposal of a $260 billion stimulus plan.

Initial jobless claims down 14,000 to 529,000 in the latest week; personal spending down 1% in October.

Date: Wed, 26 Nov 2008 08:32:19 -0500

Initial jobless claims down 14,000 to 529,000 in the latest week;
personal spending down 1% in October.

Breaking News Wed., November 26, 2008

Date: Wed, 26 Nov 2008 05:58:58 -0800 (PST)

Consumer Spending Falls 1 Percent in October in Largest Drop Since
Sept. 11 Attacks [8:46 a.m. ET]

Tuesday, November 25, 2008

Energy: Young Americans are the key to economy's -- and Obama's -- future

Date: 26 NOV 2008 04:15:00 GMT

Americans in their late teens and 20s offer President-elect Barack
Obama an extraordinary chance to capitalize on a demographic golden
goose.

Markets Tuesday, 11/25/2008

Date: Tue, 25 Nov 2008 17:31:03 -0500

| Dow : 8479.47 up 36.08 | S & P : 857.39 up 5.58 |
|NASDAQ: 1464.73 down 7.29 | Bond (10Y): 3.10%, 105.53 |

MARKETS:
Dow makes it 3-for-3
Blue-chip indicator rises again, but Nasdaq loses steam. New
government lending plan and weak economy are in focus.

U.S. stocks mostly extend three-day stretch of gains


Date: Tue, Nov 25, 2008 at 2:01 PM

U.S. stocks mostly extend three-day stretch of gains

U.S. stocks turn again -- this time mostly higher -- as financials and consumer
discretionary shares gain in the wake of the government's latest move to help
revive the ailing economy.

FED UNVEILS $800 BILLION PLAN TO BOLSTER LENDING, HOUSING

With financial markets still not working smoothly two months after almost
shutting down, the Federal Reserve unveils further steps aimed at lowering
borrowing costs for consumers and home buyers.

ECONOMIC REPORT: HOME PRICES OFF RECORD 17.4% IN PAST YEAR, CASE-SHILLER SAYS

Home prices in 20 major U.S. cities drop by 1.8% in September from the prior
month and by a record 17.4% on a year-over-year basis, according to the
Case-Shiller data compiled by Standard & Poor's.

METALS STOCKS: GOLD GIVES UP GAINS ON FALLING CRUDE, STOCK MARKETS

Gold futures give up earlier gains and move lower, as crude-oil prices tumble
and as U.S. equity markets erase gains.

BHP BILLITON SCRAPS $66 BILLION RIO TINTO BID

BHP Billiton on Tuesday scrapped its roughly $66 billion hostile bid for mining
rival Rio Tinto, saying the deal is no longer in the best interests of
shareholders after the global economic downturn led to a slump in commodity
prices.


Dow extends winning streak to 3 days with 38-point gain at close; Nasdaq ends lower, S&P up.


Date: Tue, Nov 25, 2008 at 1:01 PM

Dow extends winning streak to 3 days with 38-point gain at close; Nasdaq ends lower, S&P up.

Obama nominates congressional budget chief Orszag as director of Office of Management and Budget.

Date: Tue, 25 Nov 2008 11:54:05 -0500

Obama nominates congressional budget chief Orszag as director of
Office of Management and Budget.

U.S. stocks shift course lower as energy and tech weigh

Date: Tue, 25 Nov 2008 12:01:09 -0500
U.S. stocks shift course lower as energy and tech weigh

U.S. stocks tilt lower, erasing an earlier advance, as energy and
technology shares drag down the overall market, offsetting cheer over
the government's plan to help revive the economy.

FED TO BOLSTER CONSUMER LENDING TO THE TUNE OF UP TO $800 BILLION

In a further bid to stimulate lending, the Federal Reserve and the
Treasury announce new steps to lower borrowing costs for consumers and
home buyers, to the tune of up to $800 billion.

ECONOMIC REPORT: HOME PRICES OFF RECORD 17.4% IN PAST YEAR, CASE-SHILLER SAYS

Home prices in 20 major U.S. cities drop by 1.8% in September from the
prior month and by a record 17.4% on a year-over-year basis, according
to the Case-Shiller data compiled by Standard & Poor's.

METALS STOCKS: GOLD GIVES UP GAINS ON FALLING CRUDE, STOCK MARKETS

Gold futures give up earlier gains and move lower, as crude-oil prices
tumble and as U.S. equity markets erase gains.

BHP BILLITON SCRAPS $66 BILLION RIO TINTO BID

BHP Billiton on Tuesday scrapped its roughly $66 billion hostile bid
for mining rival Rio Tinto, saying the deal is no longer in the best
interests of shareholders after the global economic downturn led to a
slump in commodity prices.

Fed, Treasury unveil massive program to boost consumer loans.

Date: Tue, 25 Nov 2008 08:21:05 -0500

Fed, Treasury unveil massive program to boost consumer loans.

Energy: Energy stocks extend gains into third session

Date: 25 NOV 2008 15:37:59 GMT

Energy stocks push gains into a third straight session, as investors
play off as much as $800 billion in additional economic-stimulus moves
announced by the U.S. government.

FDIC says 171 banks were on its “problem list” at the end of September, most since 1995 and up from 117 in June.

Date: Tue, 25 Nov 2008 10:01:03 -0500

FDIC says 171 banks were on its "problem list" at the end of
September, most since 1995 and up from 117 in June.

Consumer confidence rises in November although economic concerns persist.

Date: Tue, 25 Nov 2008 10:05:05 -0500

Consumer confidence rises in November although economic concerns persist.

S&P 500, Dow industrials pace gains at Tuesday's open; Nasdaq lags

Date: Tue, 25 Nov 2008 09:40:13 -0500

S&P 500, Dow industrials pace gains at Tuesday's open; Nasdaq lags
11/25/2008 9:38:20 AM EDT

Fed to buy $600B in mortgage-related debt, Treasury to pump $20B in TARP funds to boost consumer credit.

Date: Tue, 25 Nov 2008 08:26:04 -0500

Fed to buy $600B in mortgage-related debt, Treasury to pump $20B in
TARP funds to boost consumer credit.

Stocks jump at the open as Wall Street welcomes news of more government bailout help to boost consumer lending.

Date: Tue, 25 Nov 2008 09:34:03 -0500

Stocks jump at the open as Wall Street welcomes news of more
government bailout help to boost consumer lending.

Home prices decline 16.6 percent, record year-over-year pace, according to Case-Shiller national survey.

Date: Tue, 25 Nov 2008 09:02:08 -0500

Home prices decline 16.6 percent, record year-over-year pace,
according to Case-Shiller national survey.

Monday, November 24, 2008

Markets Monday, 11/24/2008

Date: Mon, 24 Nov 2008 17:31:04 -0500

| Dow : 8443.39 up 396.97 | S & P : 851.81 up 51.78 |
|NASDAQ: 1472.02 up 87.67 | Bond (10Y): 3.32%, 103.56 |

MARKETS:
Dow's biggest 2-day run since '87
Citigroup rescue and Obama economic team picks propel stocks. Dow sees
its biggest two-session point gain ever and biggest two-session
percentage gain in 21 years.

stocks end solidly higher on Citi rescue, Obama team

Date: Mon, 24 Nov 2008 17:01:38 -0500

U.S. stocks rally for a second consecutive day after the government
agreed to rescue Citigroup and as President-elect Barack Obama
directed his new economic team to get to work.

OBAMA: WORK BEGINS 'TODAY' ON RECOVERY PLAN

Obama stresses the need for quick action to hasten an economic
recovery, introducing his administration's top advisers and signaling
he may be willing to stave off higher taxes for the wealthy.

CITIGROUP SOARS AS U.S. AGREES TO SWEEPING RESCUE PACKAGE

Washington's latest Hail Mary attempt to support a battered banking
system lifts Citigroup shares more than 50%, and draws kudos from
those who see the effort as setting a new industry framework, as well
as brickbats from those who sense desperation in the move.

FUTURES MOVERS: CRUDE SURGES 9.2%, THE MOST IN NEARLY THREE WEEKS

Crude-oil futures surge more than 9%, reclaiming the $50-a-barrel
mark, as a weak dollar and stronger stocks push commodities broadly
higher.

OBAMA TO AUTOMAKERS: COME PREPARED NEXT TIME

President-elect Barack Obama reiterates his stance that the government
needs to extend a financial lifeline to the sinking U.S. auto
industry, but he urged executives to map out a more detailed route to
viability.

Dow soars over 500 points as rally accelerates in final 10 minutes as investors cheer Citi rescue, Obama economic team picks.

Date: Mon, 24 Nov 2008 15:52:03 -0500

Dow soars over 500 points as rally accelerates in final 10 minutes as
investors cheer Citi rescue, Obama economic team picks.

Oil prices jump $4.57 to close at $54.50 a barrel as investors cheer the government's massive Citigroup rescue package.

Date: Mon, 24 Nov 2008 14:54:03 -0500

Oil prices jump $4.57 to close at $54.50 a barrel as investors cheer
the government's massive Citigroup rescue package.

Dow industrials up 400 points, led by Citi, B. of A., J.P. Morgan; Nasdaq up nearly 6%

Date: Mon, 24 Nov 2008 15:31:33 -0500

Dow industrials up 400 points, led by Citi, B. of A., J.P. Morgan;
Nasdaq up nearly 6%
11/24/2008 3:29:28 PM EDT

Pan-European Stoxx 600 posts biggest one-day gain ever; FTSE 100 rise is 20-year best

Date: Mon, 24 Nov 2008 12:10:14 -0500

Pan-European Stoxx 600 posts biggest one-day gain ever; FTSE 100 rise
is 20-year best
|12:08:21 PM EDT

Energy: Equities in Moscow rally; Micex stock index up 17%

Date: 24 NOV 2008 16:13:29 GMT

Equities in Moscow rally, buoyed by rising oil prices and heightened
risk appetite among investors following the U.S. government's rescue
of Citigroup.

Obama unveils economic team: Timothy Geithner named Treasury secretary, Larry Summers named director of National Economic Council.

Date: Mon, 24 Nov 2008 12:05:06 -0500

Obama unveils economic team: Timothy Geithner named Treasury
secretary, Larry Summers named director of National Economic Council.

U.S. stocks get big boost from Citi rescue

Date: Mon, 24 Nov 2008 12:01:15 -0500

U.S. stock sharply higher higher, extending the prior session's solid
gains, with bank shares in particular bolstered by word of Citigroup's
11th-hour rescue by the government.

CITIGROUP SOARS AS U.S. AGREES TO SWEEPING RESCUE PACKAGE

Citigroup shares rocket higher after federal officials back a $326
billion rescue in a plan aimed at averting chaos in the financial
system.


FINANCIAL STOCKS: UNCLE SAM'S CITI LIFELINE SPARKS RALLY

Citigroup shares jump more than 60%, rallying after the banking giant
rescue agreement reached late Sunday with federal officials, as
investors bid financial-sector shares broadly higher.

OBAMA TO UNVEIL ECONOMIC TEAM MONDAY

President-elect Barack Obama will unveil key members of his
economic-policy team on Monday, making the high-profile announcements
on the heels of the extension of a government lifeline to financial
titan Citigroup.

KING TO BUY ALPHARMA FOR $1.6 BILLION

King Pharmaceuticals Inc. on Monday said Alpharma Inc. has accepted
its revised offer to be acquired in an all-cash deal valued at $1.6
billion.

Dow surges 300 points higher a day after the government's Citigroup rescue.

Date: Mon, 24 Nov 2008 10:40:08 -0500

Dow surges 300 points higher a day after the government's Citigroup rescue.

Energy: Drilling firms lead gains in sector

Date: 24 NOV 2008 15:21:23 GMT

Energy stocks rose with the broad market in early action on Monday as
investors in oil, natural gas and drilling firms took heart with the
historic bailout of Citi.

U.S. existing-home sales fall; median price at lowest level since 2004

Date: Mon, 24 Nov 2008 10:03:55 -0500

U.S. existing-home sales fall; median price at lowest level since 2004
11/24/2008 10:02:06 AM EDT

Energy: Stocks in Europe climb after Street bounce, paced by oil firms

Date: 24 NOV 2008 09:05:42 GMT

European shares staged a bit of a rebound on Monday, led by oil
producers, as investors on the Continent had their first opportunity
to react to the news of a new Treasury Secretary and the U.S.
government rescue of Citigroup.

Stocks jump at the open as Wall Street welcomes news of a Citigroup rescue.

Date: Mon, 24 Nov 2008 09:32:08 -0500

Stocks jump at the open as Wall Street welcomes news of a Citigroup rescue.

Sunday, November 23, 2008

The federal government said Sunday it would provide some loss protection for Citigroup assets and invest an additional $20 billion.

Date: Sun, 23 Nov 2008 23:48:03 -0500

The federal government said Sunday it would provide some loss
protection for Citigroup assets and invest an additional $20 billion.

Energy: Polysilicon prices tumble on glut, solar's hit from credit crisis

Date: 22 NOV 2008 18:22:34 GMT

Prices of polysilicon, already pressured by a coming supply glut, are
tumbling fast as the credit crisis drives down demand for the solar
panels that are the biggest users of the raw material.

Friday, November 21, 2008

Markets Friday, 11/21/2008

Date: Fri, 21 Nov 2008 17:31:05 -0500

| Dow : 8046.42 up 494.13 | S & P : 800.03 up 47.59 |
|NASDAQ: 1384.35 up 68.23 | Bond (10Y): 3.19%, 104.69


MARKETS:
Stocks surge on Treasury chief talk
Wall Streeters hail reports that Obama has chosen New York Fed
president Geithner for key economic job.

Stocks surge higher on word Geithner will head Treasury

Date: Fri, 21 Nov 2008 17:01:37 -0500

U.S. stocks rally on report President-elect Barack Obama would
nominate Timothy Geithner to be the nation's Treasury secretary.

GEITHNER, CLINTON, RICHARDSON TAPPED FOR KEY OBAMA POSTS

Reaching out to veteran policy-makers in a troubled economic climate,
President-elect Barack Obama reportedly fills three critical posts for
his administration.

DEBATE OVER 'MARK-TO-MARKET' ACCOUNTING RAGES ON

The debate at the Securities and Exchange Commission over whether the
agency should maintain or change controversial "mark-to-market"
accounting regulations rages on.

FUTURES MOVERS: OIL ENDS SLIGHTLY HIGHER, BUT DROPS 13% ON THE WEEK

Oil futures end slightly higher Friday but post a weekly loss of 13%,
as analysts express doubt about whether oil prices can stage a
significant rebound in the face of slumping energy demand.

WAL-MART MAKES SURPRISE CEO APPOINTMENT

In a surprise move, No. 1 retailer Wal-Mart Stores names its top
international executive, Mike Duke, to succeed Lee Scott as president
and chief executive officer.

Wall Street ends dismal week with rally on reports that NY Fed chief Geithner is on tap for Treasury Secretary. Dow back above 8,000.

Date: Fri, 21 Nov 2008 16:02:08 -0500

Wall Street ends dismal week with rally on reports that NY Fed chief
Geithner is on tap for Treasury Secretary. Dow back above 8,000.

Dow jumps 350 points on reports that NY Fed President Timothy Geithner is on tap for Treasury Secretary post.

Date: Fri, 21 Nov 2008 15:35:06 -0500

Dow jumps 350 points on reports that NY Fed President Timothy Geithner
is on tap for Treasury Secretary post.

Oil settles at $49.93/barrel, up 51 cents as traders take a breather from this week's selloff.

Date: Fri, 21 Nov 2008 14:46:03 -0500

Oil settles at $49.93/barrel, up 51 cents as traders take a breather
from this week's selloff.

Breaking News Fri., November 21, 2008

Date: Fri, 21 Nov 2008 09:36:06 -0800 (PST)

General Motors to Give Up Two Corporate Jets After Execs Were Blasted
on Capitol Hill [12:28 p.m. ET]

U.S. stocks struggle to retain gains as financials hit again

Date: Fri, 21 Nov 2008 12:01:22 -0500
U.S. stocks struggle to retain gains as financials hit again

U.S. stocks on Friday returned to modest gains after a brief dip into
the red, with Citigroup's pummeled shares again bruising the financial
sector. CITI SKIDS; BOARD REPORTEDLY MULLS SALE OF ALL OR PART OF
COMPANY As its board of directors reportedly meet to consider a sale
of all or part of the company, shares of Citigroup continue to fall
prey to heavy selling.

FUTURES MOVERS: OIL FUTURES FALL IN VOLATILE TRADE ON DEMAND WORRIES

Oil futures fall in volatile trading, as U.S. stocks turn lower and
analysts express doubt whether oil prices can stage a significant
rebound in the face of
slumping energy demand.

WAL-MART MAKES SURPRISE CEO APPOINTMENT

In a surprise move, No. 1 retailer Wal-Mart Stores names its top
international executive, Mike Duke, to succeed Lee Scott as president
and chief executive officer.

AID FOR BIG THREE FALTERS IN CONGRESS

Democratic leaders of Congress say there's no deal yet on aid for the
Big Three U.S. automakers until the chief executives show them
concrete plans on how they would use the federal funds to turn their
companiese around.

Energy: Energy stocks gain back some of their losses

Date: 21 NOV 2008 15:33:33 GMT

Natural gas stocks gained back a fraction of their steep 16% loss in
the previous session in early action on Friday.

Stocks surge at the open as Wall Street welcomes news that struggling bank Citigroup may be on the auction block.

Date: Fri, 21 Nov 2008 09:32:05 -0500

Stocks surge at the open as Wall Street welcomes news that struggling
bank Citigroup may be on the auction block.

Energy: Oil futures rebound after sharp sell-off

Date: 21 NOV 2008 14:14:20 GMT

Oil futures rebound Friday, rising for the first time in six sessions,
as sentiment is boosted by hopes that stimulus plans in Japan and
Europe will help revive the global economy.

National average price for unleaded gas falls below $2 a gallon, says AAA, down more than 50% from this summer's record.

Date: Fri, 21 Nov 2008 04:44:03 -0500

National average price for unleaded gas falls below $2 a gallon, says
AAA, down more than 50% from this summer's record.

Thursday, November 20, 2008

Citigroup may auction parts of firm or sell company outright -- Wall Street Journal

Date: Thu, 20 Nov 2008 20:28:31 -0500

Citigroup may auction parts of firm or sell company outright -- Wall
Street Journal
11/20/2008 8:26:19 PM EDT

Citigroup may auction parts of firm or sell company outright -- Wall Street Journal

Date: Thu, 20 Nov 2008 20:28:31 -0500

Citigroup may auction parts of firm or sell company outright -- Wall
Street Journal
11/20/2008 8:26:19 PM EDT

Energy: Forward-thinking firms take lead on climate, energy challenges

Date: 21 NOV 2008 01:31:56 GMT

Five major companies are stepping up and taking responsibility for
their actions instead of waiting for government intervention. In other
words, they are taking matters into their own hands rather than
seeking a helping hand as so many companies are doing today.

Energy: Gore says he won't have formal role in new administration

Date: 20 NOV 2008 23:28:29 GMT

Former Vice President Al Gore said Thursday he would "not be taking a
formal role" in the administration of President-elect Barack Obama,
but that he has been in contact with Obama and would do whatever he
could to help him.

Markets Thursday, 11/20/2008

Date: Thu, 20 Nov 2008 17:31:03 -0500

| Dow : 7552.29 down 444.99 | S & P : 752.44 down 54.14
| NASDAQ: 1316.12 down 70.30 | Bond (10Y): 3.01%, 106.28

MARKETS:
S&P 500 sinks 6.7% to '97 low
Broad measure of the market closes at the lowest point in 11-1/2 years
in another brutal day on Wall Street.

Dell earnings fall 5% as economy weighs on sales

Date: Thu, Nov 20, 2008 at 2:01 PM

Dell earnings fall 5% as economy weighs on sales

Dell Inc. reports a 5% drop in its fiscal third-quarter earnings as the
computer giant's sales also decline due to what company officials call "a
challenging demand environment," particularly during the month of October.

AID FOR BIG THREE FALTERS IN CONGRESS

Democratic leaders of Congress say there's no deal yet on aid for the Big Three
U.S. automakers until the chief executives show them concrete plans on how they
would use the federal funds to turn their companiese around.

PAULSON DEFENDS HIS STEWARDSHIP OF BAILOUT

Treasury Secretary Henry Paulson on Thursday
offered a lengthy defense of Treasury's actions to date to combat the financial
market crisis and laid out the challenges that his successor will face.

FUTURES MOVERS: CRUDE ENDS AT LOWEST LEVEL SINCE MAY 2005

Crude-oil futures fall for a fifth session, slumping 7.5% to close at the
lowest level in more than three years, as global stocks tumble and economic
worries deepen.

SPECIAL REPORT: THE FUTURE OF FINANCIALS: LOWER PROFITS, INCREASED RULES

When the incoming administration of President-elect Barack Obama looks at the
financial services industry, there will be one thought above all others: to
make sure the sector survives.

Oil settles at 3 1/2-year low, dropping $4 to $49.62/barrel as economic concerns continue to weigh on demand.

Date: Thu, 20 Nov 2008 14:47:21 -0500

Oil settles at 3 1/2-year low, dropping $4 to $49.62/barrel as
economic concerns continue to weigh on demand.

No deal yet on bailout for U.S. automakers, Sen. Harry Reid says

Date: Thu, 20 Nov 2008 14:25:35 -0500

No deal yet on bailout for U.S. automakers, Sen. Harry Reid says
11/20/2008 2:23:47 PM EDT

Dow drops 400 points to fall below 7,600 for first time since March 2003.

Date: Thu, 20 Nov 2008 15:45:20 -0500

Dow drops 400 points to fall below 7,600 for first time since March 2003.

Senators reach tentative auto-loan compromise: reports

Date: Thu, 20 Nov 2008 12:41:43 -0500

Senators reach tentative auto-loan compromise: reports
11/20/2008 12:39:49 PM EDT

Stocks recover after testing lows

Date: Thu, 20 Nov 2008 12:01:12 -0500

Stocks recover after testing lows

U.S. stocks open sharply lower and then recover, with concerns about
the economy and the ailing financial and auto sectors leading the
market to fresh five-year lows.

FUTURES MOVERS: CORRECT: OIL DIVES BELOW $50 A BARREL AS STOCKS TUMBLE

Crude-oil futures fall for a fifth session, briefly slumping below $50
a barrel for the first time in nearly two years, as global stocks
tumble and economic worries deepen.

JOBLESS CLAIMS JUMP TO 16-YEAR HIGH OF 542,000

First-time filings for unemployment benefits hits the highest level
since July 1992, punctuating the struggling state of the U.S. labor
market, government data show.

THE FED: FOMC SEES YEARLONG RECESSION, MINUTES SHOW

Federal Reserve policymakers now expect the U.S. economy to contract
for as much as a year, with the risk that the slowdown could persist
for even longer, according to edited minutes of a closed-door meeting
of the Federal Open Market Committee.

METALS STOCKS: GOLD RISES ON SAFE-HAVEN BUYING AS CRUDE, STOCKS SLUMP

Gold futures rise on increased safe-haven buying as gloomy economic
news pushes stocks and crude-oil prices sharply lower.

Dow industrials down 200 points

Date: Thu, 20 Nov 2008 10:12:43 -0500

Dow industrials down 200 points
10:10:44 AM EDT

Energy: Natural gas shares lead retreat; oil below $50, gasoline at $2

Date: 20 NOV 2008 15:13:27 GMT


Energy stocks continued their slide on Thursday as oil fell below $50
a barrel for the first time in about four years and retail gasoline
prices fell within a whisker of $2 a gallon.

Stocks drop as Wall Street reacts to a huge jump in 1st time jobless claims and prince Alwaleed's decision to boost Citi stake to 5%.

Date: Thu, 20 Nov 2008 09:34:03 -0500

Stocks drop as Wall Street reacts to a huge jump in 1st time jobless
claims and prince Alwaleed's decision to boost Citi stake to 5%.

Oil dips below $50 a barrel as global economic recession weakens demand.

Date: Thu, 20 Nov 2008 09:04:03 -0500

Oil dips below $50 a barrel as global economic recession weakens demand.

U.S. reports number of people making first-time unemployment claims rose to 542,000 last week - highest level in 16 years.

Date: Thu, 20 Nov 2008 08:35:06 -0500

U.S. reports number of people making first-time unemployment claims
rose to 542,000 last week - highest level in 16 years.

Last week's continuing jobless claims hit 4 million, U.S. data show; initial claims rise

Date: Thu, 20 Nov 2008 08:33:38 -0500

Last week's continuing jobless claims hit 4 million, U.S. data show;
initial claims rise
8:31:47 AM EDT

Wednesday, November 19, 2008

Markets Wednesday, 11/19/2008

Date: Wed, 19 Nov 2008 17:31:06 -0500

| Dow : 7997.28 down 427.47 | S & P : 806.58 down 52.54
| NASDAQ: 1386.42 down 96.85 | Bond (10Y): 3.33%, 103.50

MARKETS:
Dow plunges below 8,000 - 1st time since '03
Major indexes close sharply lower. Fears grow about economy and auto industry.

Citi shares in record slump, credit-default swap spreads widen

Date: Wed, Nov 19, 2008 at 5:01 PM EDT

Citi shares in record slump, credit-default swap spreads widen

Citigroup's credit-default swap spreads widen and its shares fall after the
bank takes on more than $17 billion in assets from structured investment
vehicles and shuts another hedge fund.

THE FED: FOMC SEES YEARLONG RECESSION, MINUTES SHOW

Federal Reserve policymakers now expect the U.S. economy to contract for as
much as a year, with the risk that the slowdown could persist for even longer,
according to edited minutes of a closed-door meeting of the Federal Open Market
Committee.

COMMERCIAL MORTGAGE SECURITIES LATEST TO SHOW DISTRESS

Risk premiums on commercial mortgage-backed securities have spiked in the past
week, making this corner of the debt market the latest to show signs of
mounting distress.

Oil drops 77 cents to settle at $53.62/barrel, near a 22-month low, after government report shows increased supply.

Date: Wed, Nov 19, 2008 at 11:45 AM

Oil drops 77 cents to settle at $53.62/barrel, near a 22-month low, after government report shows increased supply.

Energy: Fears rise that Ecuador may default on external debt

11/19/2008 12:46:00 PM ET

Fears increase over the possibility Ecuador may default on its
external debt, as an Ecaudorean audit commission identifies numerous
irregularities in the country's foreign debt and is likely to
recommend for the suspension of payments.

Dow industrials down 400 points; declines in Nasdaq, S&P approach 6%

Date: Wed, 19 Nov 2008 15:50:30 -0500

Dow industrials down 400 points; declines in Nasdaq, S&P approach 6%
11/19/2008 3:48:46 PM EDT

U.S. stocks slide amid downbeat economic data

Date: Wed, 19 Nov 2008 12:01:10 -050
U.S. stocks slide amid downbeat economic data

U.S. stocks fall after the biggest-ever drop in consumer prices and
another gloomy housing report offers little cheer to investors already
fretting about the fate of the Big Three automakers.

ECONOMIC REPORT: U.S. CONSUMER PRICES FALL BY THE MOST SINCE AT LEAST 1947

U.S. consumer prices plunged by the steepest amount since records were
tabulated in 1947, the Labor Department reported Wednesday.
ECONOMIC REPORT: HOUSING STARTS FALL TO RECORD-LOW LEVEL IN OCTOBER

U.S. home builders reduced their starts of new homes by 4.5% in October,

driving new construction to the lowest level since just after World
War II, the Commerce Department estimates.

BOEING JET DELIVERIES PUSHED OUT 10 WEEKS DUE TO STRIKE: REPORT

Boeing Co. has decided against ramping up its commercial aircraft
production schedule to make up for time lost when its machinists were
on an eight-week strike this fall, according to Wednesday's Wall
Street Journal, which cited people familiar with the situation.

U.S. consumer prices drop 1% in October; core retail-inflation rate also eases

Date: Wed, 19 Nov 2008 08:33:56 -0500

U.S. consumer prices drop 1% in October; core retail-inflation rate also eases
8:31:59 AM EDT

Energy: Oil futures fall ahead of data on petroleum supplies

Date: 19 NOV 2008 14:31:23 GMT

Oil futures fell early Wednesday, as traders awaited the latest data
on U.S. petroleum supplies due later in the session.

Stocks are mixed in the first moments of trade as Wall Street digests more disappointing economic news.

Date: Wed, 19 Nov 2008 09:32:09 -0500

Stocks are mixed in the first moments of trade as Wall Street digests
more disappointing economic news.

In two signs of continuing economic contraction, the U.S. says inflation and housing starts plunged by record amounts.

Date: Wed, 19 Nov 2008

In two signs of continuing economic contraction, the U.S. says
inflation and housing starts plunged by record amounts.

Tuesday, November 18, 2008

Markets Tuesday, 11/18/2008

Date: Tue, 18 Nov 2008 17:31:04 -0500

|---------------------------------------------------------------------------|
| Dow : 8424.75 up 151.17 | S & P : 859.12 up 8.37 |
| NASDAQ: 1483.27 up 1.22 | Bond (10Y): 3.53%, 101.78 |
MARKETS:
Stocks fight back
Wall Street ends a volatile session with gains. HP's forecast and
Congressional hearings are in focus.

U.S. stocks fall, on track to close at five-year lows

Date: Tue, Nov 18, 2008 at 2:01 PM

U.S. stocks fall, on track to close at five-year lows

U.S. stocks slide into the red after a gauge of the home-building industry hits a new low.

ECONOMIC REPORT: HOME BUILDERS' MOOD SHOWS MORE ANGUISH THAN EVER

U.S. home builders have never been as anguished about their industry as they were in early November, with their monthly market index gauge plunging five points to a record low 9, the National Association of Home Builders reports.

BIG 3 AUTOMAKERS PLEAD BAILOUT CASE ON CAPITOL HILL

The chief executives of the Big 3 automakers press their case for a $25 billion bailout for their struggling industry, telling lawmakers that spending the money to help them would be cheaper than taking no action.

CORRECT: PAULSON, BAIR CLASH OVER AID TO TROUBLED HOMEOWNERS

A simmering closed-door debate between top government officials over the priorities of the government's financial market rescue package spills out into public.

STRONG RESULTS, OUTLOOK SEND H-P SHARES UP 14.5%

Shares climb 14.5% after the world's largest computer maker says its preliminary quarterly earnings would come in ahead of Wall Street's expectations due to its international customer base and broad lineup of technology products.

Oil settles at $54.39/barrel, down 56 cents, to a 21-month low on continued concerns about waning demand.

Date: Tue, Nov 18, 2008 at 11:50 AM

Oil settles at $54.39/barrel, down 56 cents, to a 21-month low on continued concerns about waning demand.
1

Wall Street ends choppy session with Dow and S&P 500 rebounding. Nasdaq edges lower as investors weigh uncertain economic future.

Date: Tue, Nov 18, 2008 at 1:02 PM

Wall Street ends choppy session with Dow and S&P 500 rebounding. Nasdaq edges lower as investors weigh uncertain economic future.

Energy: Credit crisis, low gas prices deflating renewable energy

Date: Tue, Nov 18, 2008 at 10:46 AM

While some hail the election of President Barack Obama as a boon for alternative energy down the road, the renewable sector remains stalled compared to the flurry of deal making earlier this year.


Energy: Supertanker's hijacking highlights piracy threat in Somalia

Date: Tue, Nov 18, 2008 at 10:51 AM

The brazen hijacking of a Saudi supertanker off the coast of Somalia could result in the disruption of international trade routes, but authorities have few options at their disposal to deal with a rising tide of piracy in the region, experts say.

U.S. stocks advance, bolstered by HP's outlook

Date: Tue, 18 Nov 2008 12:01:25 -0500
U.S. stocks advance, bolstered by HP's outlook

U.S. stocks move higher as investors key on technology titan
Hewlett-Packard's surprisingly rosy profit picture as well as renewed
speculation about Internet bellwether Yahoo's fate.

PAULSON, BAIR CLASH OVER AID TO TROUBLED HOMEOWNERS

A simmering closed-door debate between top government officials over
the priorities of the government's financial market rescue package
spills out into
public.

H-P SHARES SURGE ON STRONG RESULTS, OUTLOOK

Shares of Hewlett-Packard rally after the tech giant says it would
beat Wall Street's targets for its fiscal fourth quarter and for 2009,
marking a rare move among big-cap names in the current economic
environment.

HOME DEPOT PROFIT DROPS LESS-THAN-FORECAST 31%

Home Depot reports a 31% drop in its fiscal third-quarter profit as
consumers curtail big-ticket and other discretionary spending, leading
the world's top home-improvement retailer to lower its sales
projection for the year but keep its profit outlook.

EX-AMERICAN AIRLINES CHIEF SAYS DOWNTURN CAN SAVE CARRIERS

A severe downturn could be just the opportunity the airline sector
needs to clean up its act once and for all, said Robert Crandall, the
former chief executive of AMR Corp.'s American Airlines and a veteran
of the industry, on Tuesday.

Motorist association AAA says Thanksgiving weekend travel will decline for 1st time in 6 years.

Date: Tue, 18 Nov 2008 10:31:03 -0500

Motorist association AAA says Thanksgiving weekend travel will decline
for 1st time in 6 years.

Energy: Petroleum producers lead gains in sector as crude futures rise

Date: 18 NOV 2008 15:16:16 GMT

Energy stocks move up along with the broad market and oil futures, as
a drop in the producer price index provided a lift.

Energy: Oil futures trade near $55 a barrel

Date: 18 NOV 2008 13:54:51 GMT

Oil futures traded near $55 a barrel early Tuesday, as concerns about
weakening energy demand amid a global economic slowdown continued to
dominate investor sentiment.

Foreclosures knock home prices lower, falling 9% in third quarter from same period last year, Realtors group reports.

Date: Tue, 18 Nov 2008 10:02:06 -0500

Foreclosures knock home prices lower, falling 9% in third quarter from
same period last year, Realtors group reports.

Stocks get off to a rocky start as Wall Street reacts to more bleak economic news.

Date: Tue, 18 Nov 2008 09:32:05 -0500

Stocks get off to a rocky start as Wall Street reacts to more bleak
economic news.

Monday, November 17, 2008

Yahoo says Yang stepping down as CEO, will remain on board

Date: Mon, 17 Nov 2008 20:10:28 -0500
Yahoo says Yang stepping down as CEO, will remain on board
8:08:31 PM EDT

Tech Daily: Dell downgrade highlights weak trading session


Date: Mon, Nov 17, 2008 at 3:00 PM

Technology stocks put in a largely downbeat day as investors take in new
analyst downgrades on PC giant Dell Inc. and hard disk-drive maker Western
Digital Corp. amid uncertain prospects for the computer market next year.

-----------------------------------------------------------------
Tech Stocks: Sun Micro layoffs lead to broad tech losses

5:01 PM ET
Technology stocks sink as the broader market sells off and Sun Microsystems
announces plans to lay off as many as 6,000 workers.



-----------------------------------------------------------------
Symantec CEO John Thompson to retire
5:07 PM ET
Symantec Corp. Chief Executive John Thompson, who has led the security software
maker through a trying period of expansion, will retire by the end of the
company's fiscal year, the company says.

-----------------------------------------------------------------
Dell gets downgraded ahead of earnings report
 5:01 PM ET
Analysts continue to show little enthusiasm for the personal-computer giant due
to fears over a weak outlook for the PC market and the company's ability to
gain market share next year.

-----------------------------------------------------------------
Telecom Stocks: Nokia, Nortel gain; Sprint, AT&T lower
1:51 PM ET
In another turbulent session, some
telecommunications stocks such as Nortel Networks Corp. shot higher, while
others like Virgin Mobile USA. Inc. fell sharply.

-----------------------------------------------------------------
Research In Motion gets bounce ahead of touch-screen launch
1:47 PM ET
Shares of Research In Motion get a boost as one analyst reports strong sales of
the BlackBerry Bold ahead of the launch of the company's first touch-screen
device later this week.

-----------------------------------------------------------------
Europe Markets: Financials pull Europe to another day of losses
12:09 PM ET
European shares declined for the fourth time in five sessions on Monday, with
banks notably lower amid more gloomy news on the global economy.

-----------------------------------------------------------------
Economic Report: Industrial output comes back part way from storms
11:00 AM ET
Output of the nation's factories, mines and utilities partially rebound in
October from September's sharp weather-related slump, the Federal Reserve
reports.

Markets Monday, 11/17/2008

Date: Mon, 17 Nov 2008 17:31:03 -0500

| Dow : 8273.58 down 223.73 | S & P : 850.75 down 22.54 |
| NASDAQ: 1482.05 down 34.80 | Bond (10Y): 3.65%, 100.75
-----------------------------------------------------------------------------

MARKETS:
Dollar down despite G20 meeting
U.S. currency slides against euro, pound, but gains against Japanese yen.

U.S. stocks close lower as global economy weighs

Date: Mon, Nov 17, 2008 at 2:01 PM

U.S. stocks close lower as global economy weighs

U.S. stocks drop, extending a two-week losing streak, as Citigroup Inc.
announces it will slash 50,000 jobs and Japan slips into a recession,
heightening investors' worries about the depth of the global slowdown.

CITIGROUP PLANS 50,000 JOB CUTS IN LATEST JOLT TO WALL STREET

In the most dramatic round of layoffs seen to date in the battered U.S.
financial sector, Citigroup says that it plans to cut about 50,000 additional
jobs as part of an effort to help stem huge losses sparked by bad investments
and lending decisions.

MARK CUBAN CHARGED WITH INSIDER TRADING

High-profile billionaire Mark Cuban is charged with insider trading by the
Securities and Exchange Commission after allegedly selling shares of an
Internet search engine based on non-public information, sparing himself about
$750,000 in losses.

RESEARCH IN MOTION GETS BOUNCE AHEAD OF TOUCH-SCREEN LAUNCH

Shares of Research In Motion get a boost as one analyst reports strong sales of
the BlackBerry Bold ahead of the launch of the company's first touch-screen
device later this week.

TOP SIX GOLDMAN SACHS EXECS FORGOING 2008 BONUSES: WSJ

Pressured by an almost-unprecedented financial meltdown and a gathering outcry
over executive pay on Main Street, Goldman Sachs reportedly will pay no bonuses
in 2008 to its top management -- a move that may set the precedent across a
troubled Wall Street. Switzerland's UBS also takes steps to reform policies on
executive pay.

Wall Street closes down after choppy session. Dow drops more than 200 points as Citi job losses and tough economy weigh on stocks.

Date: Mon, 17 Nov 2008 16:01:06 -0500

Wall Street closes down after choppy session. Dow drops more than 200
points as Citi job losses and tough economy weigh on stocks.

Citigroup plans 50,000 job cuts in latest jolt to Wall Street

Date: Mon, 17 Nov 2008 12:01:15 -0500

Citigroup plans 50,000 job cuts in latest jolt to Wall Street

TARGET SUSPENDS BUYBACK AS PROFIT DROPS 24%

Target Corp. says its fiscal third-quarter profit drops 24%, hurt by
consumers paring back on discretionary spending and failing to make
their credit card payments.

TOP SIX GOLDMAN SACHS EXECS FORGOING 2008 BONUSES: WSJ

Pressured by an almost-unprecedented financial meltdown and a
gathering outcry over executive pay on Main Street, Goldman Sachs
reportedly will pay no bonuses in 2008 to its top management -- a move
that may set the precedent across a troubled Wall Street.
Switzerland's UBS also takes steps to reform policies on
executive pay.

ECONOMIC REPORT: ECONOMISTS MORE BEARISH ON ECONOMY, NABE SURVEY SHOWS

The U.S. is in for a "prolonged" recession dragging into 2009, and
joblessness may climb to a 7.5% rate, a full percentage point higher
than the current unemployment rate, the National Association for
Business Economics says.

ECONOMIC REPORT: INDUSTRIAL OUTPUT COMES BACK PART WAY FROM STORMS

Output of the nation's factories, mines and utilities partially
rebound in. October from September's sharp weather-related slump, the
Federal Reserve reports.

Stocks fall as Wall Street reacts to bleak news. Citigroup announces 50,000 job cuts, economists predict a long recession.

Date: Mon, 17 Nov 2008 09:33:04 -0500

Stocks fall as Wall Street reacts to bleak news. Citigroup announces
50,000 job cuts, economists predict a long recession.

Retailer Target's third-quarter profit falls nearly 24%

Date: Mon, 17 Nov 2008 08:32:17 -0500

Retailer Target's third-quarter profit falls nearly 24%
8:30:18 AM EDT

Financial services giant Citigroup says it will cut more than 50,000 jobs, slashing staff to 300,000.

Date: Mon, 17 Nov 2008 08:22:03 -0500

Financial services giant Citigroup says it will cut more than 50,000
jobs, slashing staff to 300,000.

Sunday, November 16, 2008

Tokyo stocks pace Asia losses as data show Japan slides into recession

Date: Sun, 16 Nov 2008 19:46:43 -0500

Tokyo stocks pace Asia losses as data show Japan slides into recession.
7:44:42 PM EDT

Saturday, November 15, 2008

G-20 leaders emerge from summit - call for tougher rules for banks, series of measures in early '09 to stabilize global markets.

Date: Sat, 15 Nov 2008 14:17:08 -0500

G-20 leaders emerge from summit - call for tougher rules for banks,
series of measures in early '09 to stabilize global markets.

Friday, November 14, 2008

Energy: Berkshire increases stake in ConocoPhillips, buys Eaton shares

Date: 14 NOV 2008 22:29:53 GMT

Berkshire Hathaway, the insurance-focused conglomerate run by Warren
Buffett, increased its investment in oil company ConocoPhillips
earlier this year, according to a regulatory filing.

Markets Friday, 11/14/2008

Date: Fri, 14 Nov 2008 17:31:07 -0500

| Dow : 8497.31 down 337.94 | S & P : 873.29 down 38.00
|NASDAQ: 1516.85 down 79.85 | Bond (10Y): 3.72%, 100.16
MARKETS:
Stocks tumble to a close
Volatile markets end lower, with Dow down 338, as investors abandon
recovery attempt. Bleak retail sales report exacerbates fears of a
long recession.

U.S. stocks tally another week of losses on ailing economy

Date: Fri, 14 Nov 2008 17:01:43 -0500
U.S. stocks tally another week of losses on ailing economy

U.S. stocks on Friday fall sharply to tally a second straight week of
losses as a record decline in retail sales and a warning of falling
mobile-phone sales hammered home the ongoing fallout of the ailing
economy.

TELECOM REPORT: VISE TIGHTENS AS TELECOM SUPPLIERS FACE MORE BAD TIMES

Vendors that make telecommunications equipment used by consumers or
large phone carriers are bracing for a difficult 2009 as customers
pare back on their spending to cope with what's unfolding as an
economic downturn on a global
scale. It appears some suppliers could be headed for bankruptcy.

Oil settles down $1.20 to $57.04 a barrel, following stock declines.

Date: Fri, 14 Nov 2008 14:47:20 -0500

Oil settles down $1.20 to $57.04 a barrel, following stock declines.

Dow falls more than 300 points. Losses accelerate - one day after a strong rally - as the global economy darkens.

Date: Fri, 14 Nov 2008 12:08:02 -0500

Dow falls more than 300 points. Losses accelerate - one day after a
strong rally - as the global economy darkens.

Stocks drop as weak retail sales signal economic trauma

Date: Fri, 14 Nov 2008 12:01:09 -0500
Stocks drop as weak retail sales signal economic trauma

ECONOMIC REPORT: RETAIL SALES PLUNGE RECORD 2.8% IN OCTOBER

Falling for a fourth straight month, U.S. retail sales plunge a record
2.8% in October as sales of autos and gasoline plummet.

THE FED: BERNANKE, IN EUROPE, SAYS CENTRAL BANKS REMAIN ON POINT

Central banks around the world stand ready to take additional actions
as needed to restore financial market stability and ease the global
credit crunch, Federal Reserve Board Chairman Ben Bernanke tells a
European audience.

IT'S OFFICIAL BUT NOT UNEXPECTED: EURO ZONE'S IN RECESSION

A global economic slowdown, financial turmoil and home-grown problems
combine to push the 15-nation euro zone into recession, data show.

NOKIA WARNS MOBILE-DEVICE INDUSTRY SALES WILL FALL IN 2009

Nokia, the world's top maker of mobile phones, warns industry sales of
wireless handsets will fall next year as consumers pull back in the
face of the economic slump and limited credit availability.

Energy: Energy, mining shares lead slump in Toronto

Date: 14 NOV 2008 15:49:57 GMT

Canadian stocks headed lower Friday, as more signs of weakness in the
U.S. and European economies weighed on oil prices.

European Union says the 15 countries that use the euro are in recession.

Date: Fri, 14 Nov 2008 05:11:03 -0500

European Union says the 15 countries that use the euro are in recession.

Germany, Italy drag euro area into recession during third quarter

Date: Fri, 14 Nov 2008 05:03:14 -0500

Germany, Italy drag euro area into recession during third quarter
11/14/2008 5:01:20 AM EDT

Energy: Diesel plays the strong arm among refinery woes

Date: 14 NOV 2008 12:30:29 GMT

U.S. refineries aren't working quite as hard as they usually do, but
demand for diesel remains strong -- and may lend the helping hand that
both refiners and consumers need to ensure adequate energy supplies as
the nation's heating season kicks into gear.

Energy: U.S. October import prices fall record 4.7%

Date: 14 NOV 2008 13:48:35 GMT

Prices of imported goods fell the most in two decades as petroleum
prices plunged, the Labor Department reports.

Energy: Oil futures edge lower amid grim economic news

Date: 14 NOV 2008 14:02:46 GMT

Oil futures edged lower early Friday amid grim economic news from
around the world and reports that the Organization of Petroleum
Exporting Countries will hold an emergency meeting this month.

Breaking News Fri., November 14, 2008

Date: Fri, 14 Nov 2008 06:14:52 -0800 (PST)

Retail Sales Drop 2.8 Percent in October, Exceeding Previous Record
Set in November, 2001 [9:04 a.m. ET]

Stocks tumble out of the gate after Fannie Mae reports a mammoth loss and companies across a wide swath of the economy slash jobs.

Date: Fri, 14 Nov 2008 09:31:05 -0500

Stocks tumble out of the gate after Fannie Mae reports a mammoth loss
and companies across a wide swath of the economy slash jobs.

Freddie Mac reports $25 billion quarterly loss - says government will pump $13.8 billion into troubled mortgage-insurance giant.

Date: Fri, 14 Nov 2008 07:47:19 -0500

Freddie Mac reports $25 billion quarterly loss - says government will
pump $13.8 billion into troubled mortgage-insurance giant.

Thursday, November 13, 2008

Markets Thursday, 11/13/2008

Date: Thu, 13 Nov 2008 17:31:03 -0500

| Dow : 8835.25 up 552.59 | S & P : 911.29 up 58.99 |
|NASDAQ: 1596.70 up 97.49 | Bond (10Y): 3.88%, 99.03 |

MARKETS:
Swinggng stocks end with surge
Dow rallies 552 points, an 870-point rebound from lows. Nasdaq and S&P
500 bounce as well.

U.S. stocks close crazed session with large surge higher

Date: Thu, 13 Nov 2008 17:01:38 -0500
U.S. stocks close crazed session with large surge higher

U.S. stocks shift up and down in volatile trade as the market, down
for three straight days, tries to absorb rising unemployment claims
and reduced outlooks from Intel Corp. and Wal-Mart Stores Inc.

DELL, H-P FEEL IMPACT FROM INTEL SALES WARNING

Fears of a recession, reports of lower-than-expected sales at major
electronics retailers and a revenue warning from Intel combine to lead
several analysts to cut their forecasts for the entire computer
industry, along with their earnings and sales expectations on the PC
sector's two largest players.

METALS STOCKS: GOLD FUTURES DIP BELOW $700, THEN RALLY IN ELECTRONIC TRADING

Gold futures drop below $700 an ounce for the first time in three
weeks, ready to extend their losing streak to three sessions.

GE SHARES FALL TO 12-YEAR LOW ON FINANCING-COST CONCERNS

General Electric reaffirms its 2009 dividend as its stock price falls
by as much as 11% on renewed speculation that the industrial
conglomerate may have to
raise additional cash to cover higher debt costs.

ECONOMIC REPORT: FEDERAL DEFICIT BALLOONS ON BAILOUT COSTS

The U.S. federal government deficit soars in October to a record
$237.2 billion, as the government invested more than $136 billion in
various bank bailout programs, the Treasury reports.

Stock rally intensifies, with the Dow surging 500 points, bouncing back from earlier losses. Nasdaq up 5%, S&P500 up 6%.

Date: Thu, 13 Nov 2008 15:57:03 -0500

Stock rally intensifies, with the Dow surging 500 points, bouncing
back from earlier losses. Nasdaq up 5%, S&P500 up 6%.

Energy: Energy analysts eye tight credit, slack gasoline demand

Date: 13 NOV 2008 20:14:37 GMT

The energy sector faces growing natural-gas supplies, lower oil
production, capital spending cuts and tight capital markets from the
global economic slowdown in what promises to be a challenging 2009,
analysts say.

Dow falls 300 points in midday trading as economic fear intensifies.

Date: Thu, 13 Nov 2008 13:08:03 -0500

Dow falls 300 points in midday trading as economic fear intensifies.

Initial jobless claims top 500,000, highest in over seven years

Date: Thu, 13 Nov 2008 12:01:10 -0500
Initial jobless claims top 500,000, highest in over seven years

First-time filings for state unemployment benefits hit their highest
level since September 2001 in the latest week, rising to 516,000 in
another sign of a struggling labor market, U.S. data show.

MORTGAGE APPLICATIONS UP 11.9% LAST WEEK AS RATES FALL: MBA

With consumers taking advantage of lower mortgage rates, mortgage
applications filed last week rise a seasonally adjusted 11.9% from the
prior week, Mortgage Bankers Association data show.

INTEL WARNING DRAWS MIXED VIEW FROM WALL STREET

Intel draws a mixed reaction from Wall Street after slashing its
revenue forecast for the fourth quarter due to a drop in PC demand
caused by the slowing economy.

WAL-MART'S NET RISES 10% ON INVENTORY CONTROL, VALUE MESSAGE

Wal-Mart's third-quarter profit rises 10%, helped by inventory control
and a value message that's won new and repeat shoppers worried about
the economy, financial results show. The blue-chip retailer also
tightens its projected range for full-year profit.

CHINA'S OCT. INDUSTRIAL GROWTH FALLS TO 2001-LOWS

China's industrial production growth decelerated
more than expected in October, raising concerns the nation's
export-driven boom could be running out of steam, and highlighting the
need for Beijing to step up measures to bolster domestic consumption.

Energy: Oil service shares recover after big losses

Date: 13 NOV 2008 15:21:01 GMT

Energy stocks regained their footing in early action, only to fall
back to mixed trading after a big slide in the previous session as
investors look toward the latest weekly petroleum inventory data,
lower retail gasoline prices, and a fresh production cut from OPEC.

U.S. reports number of people making first-time unemployment claims rose to 516,000 last week - most since September 2001.

Date: Thu, 13 Nov 2008 08:34:03 -0500

U.S. reports number of people making first-time unemployment claims
rose to 516,000 last week - most since September 2001.

Shares turn lower after an early pop.

Date: Thu, 13 Nov 2008 09:53:04 -0500

Shares turn lower after an early pop.

Stocks rise at the open despite a flurry of troubling economic news and heightened recession talk.

Date: Thu, 13 Nov 2008 09:31:03 -0500

Stocks rise at the open despite a flurry of troubling economic news
and heightened recession talk.

Initial U.S, jobless claims at highest level since September 2001

Date: Thu, 13 Nov 2008 08:41:04 -0500

Initial U.S, jobless claims at highest level since September 2001
11/13/2008 8:39:07 AM EDT

Wednesday, November 12, 2008

Markets Wednesday, 11/12/2008

Date: Wed, 12 Nov 2008 17:31:04 -0500

| Dow : 8282.66 down 411.30 | S & P : 852.30 down 46.65
| NASDAQ: 1499.21 down 81.69 | Bond (10Y): 3.65%, 102.81

MARKETS:
Dow sinks 660 points in 3 days
The blue-chip index sheds 400 points Wednesday as recession fears take
center stage. Paulson gives update on revamped $700B bailout.

U.S. stocks end lower for third day as Best Buy adds to gloom

Date: Wed, 12 Nov 2008 17:01:49 -0500
U.S. stocks end lower for third day as Best Buy adds to gloom

U.S. stocks close sharply lower as Treasury Secretary Henry Paulson
shifts the focus of the government's bailout plan from troubled
mortgage assets to consumer credit and Best Buy Co. Inc. cuts its
outlook.

GOOGLE STOCK BELOW $300 MARK FOR FIRST TIME SINCE 2005

Analysts who follow Google Inc. cut their estimates for the Internet
giant's fourth-quarter financial results, as the company's shares dip
below the $300 mark for the first time in more than three years.

FUTURES MOVERS: CRUDE FUTURES DROP 5% TO CLOSE AT A NEARLY 22-MONTH LOW

Crude futures fall below $57 per barrel, extending declines during a
second session as concerns about a sharp slowdown in demand push
prices to a fresh 21-month low.

PAULSON FLIPS THE SCRIPT ON FINANCIAL-RESCUE PLAN

The Treasury secretary lays out details for the next stage of the
government's financial-market rescue package, announcing that he has
shelved the original plan to buy troubled mortgage assets while
turning his attention to nonbank financial institutions and consumer
finance.

BEST BUY FLAGS UNEXPECTED PROFIT DROP AS CONSUMERS CUT BACK

Best Buy Co. cuts its fiscal 2009 outlook because of a fast-paced
meltdown in consumer spending since the end of summer.

Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.

11/12/2008 4:11:35 PM EDT

Dow ends with 400-point loss, pushing the 3-day drop to about 650, on concerns about retail and banking sectors.

Nasdaq falls below 1,500 level for the first time since 2003

Oil settles at a 21-month low, down $3.17 to $56.16 a barrel, on worries about global demand.



Date: Wed, Nov 12, 2008 at 11:49 AM

Oil settles at a 21-month low, down $3.17 to $56.16 a barrel, on worries about global demand.

House to consider new $25 billion loan for auto industry: Rep. Frank


Date: Wed, Nov 12, 2008 at 12:17 PM

House to consider new $25 billion loan for auto industry: Rep. Frank[3:15:11 PM EDT]

Google shares trade below $300 for first time since 2005

Date: Wed, Nov 12, 2008 at 11:28 AM

Google shares trade below $300 for first time since 2005.[2:26:42 PM EDT]

Energy: Russia's financial crisis is getting worse

Emerging Markets Report - Russia's financial crisis is getting worse
11/12/2008 1:00:00 PM ET

Russia's financial crisis is looking bleaker every day and now there
is an increasing risk that the ruble will be devalued.

Energy: Renewed slump for miners, energy shares in Toronto trading

Date: 12 NOV 2008 17:54:33 GMT

Canadian stocks fell sharply Wednesday, with the selling carrying over
from the previous session, as global economic woes and sliding
commodities prices once again took a hefty toll on shares of miners
and energy producers.

Paulson lays out rescue-plan shift to consumers

Date: Wed, 12 Nov 2008 12:01:13 -0500
Paulson lays out rescue-plan shift to consumers

Treasury Secretary Henry Paulson offers his plans for the next stage
of the financial market rescue package, announcing he has shelved a
plan to buy troubled mortgage assets and is moving his attention to
non-banks and consumer finance.

STOCKS DROP IN EARLY TRADING AS BEST BUY ADDS TO GLOOM

U.S. stocks extend losses into a third day, as investors fret about
ailing financial and auto sectors and Best Buy Co. Inc. lowers its
outlook, offering further evidence of weak consumer spending.

BEST BUY FLAGS UNEXPECTED PROFIT DROP AS CONSUMERS CUT BACK

Best Buy Co. cuts its fiscal 2009 outlook because of a fast-paced
meltdown in consumer spending since the end of summer.

MACY'S SWINGS TO LOSS, CUTS CAPITAL SPENDING

Hurt by consumers curtailing their discretionary spending, Macy's
posts a third-quarter loss as the department-store operator also says
it plans to slas hcapital spending. But shares gain as management
stands by its projection for

AMEX ASKS U.S. FOR $3.5 BILLION: WSJ

American Express Co. is the latest company to seek U.S. government
help to steer it through the financial crisis, according to a story
Wednesday in The Wall Street Journal.

Paulson: Bailout priorities now include investments in non-bank financial firms and a push for private capital to match U.S. funds.

Date: Wed, 12 Nov 2008 10:46:02 -0500

Paulson: Bailout priorities now include investments in non-bank
financial firms and a push for private capital to match U.S. funds.

Energy: Exelon goes hostile on NRG Energy, takes bid to shareholders

Date: 12 NOV 2008 14:33:14 GMT

Exelon's taking its bid to become the largest U.S. utility operator
directly to NRG Energy shareholders after the smaller company formally
turned down the stock-swap offer on Nov. 9.

Energy: Sector under pressure as oil drops to $57 a barrel

Date: 12 NOV 2008 14:58:19 GMT

Energy stocks move lower with both the broad market and with falling
oil prices on as the economic slowdown continued to fuel concerns
about weak demand.

Stocks drop at the open as deeper economic cracks appear...

Date: Wed, 12 Nov 2008 09:32:08 -0500

Stocks drop at the open as deeper economic cracks appear with
retailers painting a bleak picture.

Tuesday, November 11, 2008

Tech: Sector loses ground amid broader market retreat

Date: Tue, 11 Nov 2008 18:00:09 -0500

Tech Stocks: Sector loses ground amid broader market retreat

Technology stocks lose more ground as most bellwether issues close
lower amid fears about the economy and weak earnings from the broader
market.

-----------------------------------------------------------------
Stocks to Watch: Stocks in focus for Wednesday

Among the companies whose shares are expected to see active trade in
Wednesday's session are Applied Materials Inc., Macy's Inc. and NetApp
Inc.

Energy: Stocks in focus for Wednesday

Date: 11 NOV 2008 22:49:24 GMT

Among the companies whose shares are expected to see active trade in
Wednesday's session are Applied Materials Inc., Macy's Inc. and NetApp
Inc.

Markets Tuesday, 11/11/2008

Date: Tue, 11 Nov 2008 17:31:05 -0500

| Dow : 8693.96 down 176.58 | S & P : 898.95 down 20.26

| NASDAQ: 1580.90 down 35.84 | Bond (10Y): 3.75%, 101.97
MARKETS:
Stocks drop on recession jitters
Worries about the global economic slowdown remain in focus, sending
Wall Street tumbling.

Stocks end lower on signs of weakening consumer spending

Date: Tue, 11 Nov 2008 17:01:35 -0500
Stocks end lower on signs of weakening consumer spending

U.S. stocks fall for a second day after quarterly results and outlooks
from luxury home builder Toll Brothers Inc. and coffee retailer
Starbucks Corp. illustrate softening consumer spending.

U.S. UNWRAPS LATEST PLAN TO STEM FORECLOSURES

In their most aggressive move yet to stem a tide of home foreclosures,
the government and the mortgage industry say they'll try to modify
hundreds of thousands of mortgages to make them affordable.

FUTURES MOVERS: OIL FUTURES END BELOW $60 A BARREL AS ECONOMIC CONCERNS DOMINATE

Crude-oil futures close below $60 per barrel after briefly touching
their lowest level in 21 months, as concerns about the health of the
global economy and its impact on energy demand sparked fresh selling
among traders.

OBAMA'S FIRST PRIORITY REMAINS ECONOMY: PODESTA

The first priority for Barack Obama remains the economy, a co-chairman
of his transition team says, but the president-elect won't meet any of
the leaders coming to Washington this weekend for a global economic
summit.

Oil closes at a 19-month low, down $3.08 to $59.33 a barrel as demand evaporates.

Date: Tue, 11 Nov 2008 14:53:04 -0500

Oil closes at a 19-month low, down $3.08 to $59.33 a barrel as demand
evaporates.

Shares of troubled automaker General Motors close below $3 for first time since 1946 as calls for government bailout grow.

Date: Tue, 11 Nov 2008 16:09:05 -0500

Shares of troubled automaker General Motors close below $3 for first
time since 1946 as calls for government bailout grow.

Stocks close down, with the Dow off 178, on intensifying fears about a deepening recession.

Date: Tue, 11 Nov 2008 16:02:08 -0500

Stocks close down, with the Dow off 178, on intensifying fears about a
deepening recession.

U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners – streamlining process for offering affordable mortgages.

Date: Tue, 11 Nov 2008 14:12:04 -0500

U.S. unveils plan to use Fannie and Freddie to help at-risk homeowners
– streamlining process for offering affordable mortgages.

Crude futures fall to 21-month low; gold closes $14 lower

Date: Tue, 11 Nov 2008

Crude futures fall to 21-month low; gold closes $14 lower
1:59:17 PM EDT

Dow falls 300 points as investors' recession fears intensify.

Date: Tue, 11 Nov 2008 12:28:04 -0500

Dow falls 300 points as investors' recession fears intensify.

Energy: Miners slide as global woes weigh on Toronto index

Date: 11 NOV 2008 17:08:33 GMT

Canadian stocks tumble as concerns about global economic growth
pressure oil and commodities prices, dragging down the shares of
miners and energy producers.

Energy: Russian equities fall sharply, as ruble drops 1% vs. basket

Date: 11 NOV 2008 17:10:36 GMT

Equities in Moscow fall sharply, forcing trading suspensions on local
stock exchanges, as the Russian central bank allows the ruble to
weaken about 1% against its dual currency basket.

U.S. stocks extend slump amid lowered earnings and outlooks

Date: Tue, 11 Nov 2008 12:01:10 -0500
U.S. stocks extend slump amid lowered earnings and outlooks

U.S. stocks slip at start after Toll Brothers Inc. and
InterContinental Hotels Group noted downturns in the last month and as
American Express Co. converted into a bank to get speedier access to
U.S. government cash.

CITI UNVEILS HOUSING RELIEF PLAN

Citigroup Inc. releases details of a plan that it says will help
mortgage borrowers remain in their homes.

STARBUCKS' SHARES FALL ON DISAPPOINTING RESULTS

Shares of coffee giant Starbucks are under pressure early Tuesday on
the heels of a disappointing quarterly profit report.

FUTURES MOVERS: OIL FALLS MORE THAN 5% AS ECONOMIC CONCERNS DOMINATE

Crude-oil futures fall more than 5%, as concerns about the health of
the global economy and its impact on energy demand spark fresh selling
among traders.

U.K.'S BROWN PUSHES GLOBAL TAX CUTS AS LEADERS PREPARE FOR G20

British Prime Minister Gordon Brown urges a worldwide round of tax
cuts in order to stave off a deep global recession.

Energy: Commodity firms, banks weigh on London; Vodafone climbs

Date: 11 NOV 2008 09:45:18 GMT

London shares fell on Tuesday, with more downbeat data on the economy
and weakness for commodity producers and banks offsetting a strong
performance for Vodafone Group.

Energy: Oil drops over 3% as economic concerns dominate

Date: 11 NOV 2008 13:26:10 GMT

Crude-oil futures fall more than 3%, flirting with the $60-a-barrel
mark, as concerns about the health of the global economy and its
impact on energy demand spark selling among traders.

Stocks edge lower at the open as investors continue to keep an eye on the economy.

Date: Tue, 11 Nov 2008 09:32:09 -0500

Stocks edge lower at the open as investors continue to keep an eye on
the economy.

Monday, November 10, 2008

American Express gets Fed approval to become bank-holding company

Date: Mon, 10 Nov 2008 18:32:51 -0500

American Express gets Fed approval to become bank-holding company
6:30:47 PM EDT

Markets Monday, 11/10/2008

Date: Mon, 10 Nov 2008 17:31:05 -0500

| Dow : 8870.54 down 73.27 | S & P : 919.21 down 11.78 |
| NASDAQ: 1616.74 down 30.66 | Bond (10Y): 3.75%, 101.97
MARKETS:
Recession fear batters Wall Street
Stocks retreat on worries about corporate health amid the global
economic slowdown.

U.S. stocks end lower as financials falter; GM battered

Date: Mon, 10 Nov 2008 17:01:38 -0500
U.S. stocks end lower as financials falter; GM battered

U.S. stocks finished lower Monday, sending the Dow Jones Industrial
Average back below 9,000, after early enthusiasm over China's economic
stimulus fading in favor of ongoing worries about U.S. companies,
including General Motors Corp.

THE RATINGS GAME: DEUTSCHE BANK CUTS GM TO SELL; SHARES SEEN LIKELY WORTHLESS

General Motors gets downgraded to sell from hold by Deutsche Bank,
which sees U.S. government intervention as inevitable. GM shares come
under renewed selling pressure.

THE FED: U.S. GOVERNMENT DRAMATICALLY ALTERS TERMS OF AIG'S BAILOUT

The Federal Reserve and the Treasury have restructured the
government's support for AIG, the insurance giant taken over on Sept.
16, in a sweeping manner. Investors in AIG applaud.

CHINA LIFTS WRAPS ON STIMULUS PACKAGE

China unveiled on Sunday what it described as a "massive" economic
stimulus package worth over half a trillion dollars in an effort to
reverse slowing economic growth in the world's most populous country.

Stocks falter, closing lower on concerns about automakers and retailers. The Dow loses 0.7%, while the Nasdaq drops 1.9%.

Date: Mon, 10 Nov 2008 16:02:09 -0500

Stocks falter, closing lower on concerns about automakers and
retailers. The Dow loses 0.7%, while the Nasdaq drops 1.9%.

Oil settles up $1.37 at $62.41 a barrel after briefly dipping below $60.

Date: Mon, 10 Nov 2008 14:50:07 -0500

Oil settles up $1.37 at $62.41 a barrel after briefly dipping below $60.

Midday Report: U.S. stocks losing some lift from China stimulus package

Date: Mon, 10 Nov 2008 12:01:18 -0500

U.S. stocks losing some lift from China stimulus package

Stocks scale back gains, with the Dow Jones Industrial Average
flirting with the 9,000 level, as enthusiasm over China's economic
stimulus package was partially offset by ongoing worries about U.S.
companies.

CHINA LIFTS WRAPS ON STIMULUS PACKAGE

China unveiled on Sunday what it described as a "massive" economic
stimulus package worth over half a trillion dollars in an effort to
reverse slowing economic growth in the world's most populous country.

THE FED: FED, TREASURY REVAMP SUPPORT FOR INSURER AIG

The Federal Reserve and the Treasury have restructured the
government's support for AIG, the insurance giant taken over on Sept.
16.

CIRCUIT CITY FILES FOR CHAPTER 11 BANKRUPTCY

Circuit City Stores Inc. says it filed for protection from its
creditors under Chapter 11 of the U.S. bankruptcy code.

Energy: AEP trims 2009 profit view, but keeps 'stable' debt rating

Date: 10 NOV 2008 16:21:28 GMT

American Electric Power drew positive comments from a key debt rating
agency on Monday after the utility giant with five million customers
in 11 states cut its 2009 profit view on a slowing economy.

Energy: U.S. energy policy debate ramps up in sector

Date: 10 NOV 2008 15:38:11 GMT

The debate over U.S. energy policy escalated Monday as Chevron's CEO,
calling oil still pricey at $65 a barrel, called for more U.S.
exploration and production, and Democrats fought over a key panel
appointment.

Energy: Sempra profit rises 1%, beating expectations

11/10/2008 10:34:00 AM ET

Sempra Energy's third-quarter net income rises by $3 million, as the
California utility firm holds the line despite a slowing economy.

U.S. stocks advance early Monday; Dow industrials gain as much as 215 points

Date: Mon, 10 Nov 2008 09:44:08 -0500

BULLETIN: U.S. stocks advance early Monday; Dow industrials gain as
much as 215 points
9:42:20 AM EDT

Energy: Miners, oil producers pace gains for London shares

Date: 10 NOV 2008 09:56:32 GMT

London shares advance on Monday, with commodity-sector shares
performing well after China unveiled measures to stimulate its
economy.

Energy: China stimulus lifts Europe stocks; HSBC, Santander fall

Date: 10 NOV 2008 08:54:06 GMT

European shares advanced on Monday, with commodity producers in the
lead after China unveiled a massive economic stimulus package over the
weekend.

In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and set up two lending programs to ease 'liquidity pressures.'

Date: Mon, 10 Nov 2008 06:08:03 -0500

In new AIG deal, U.S. will buy $40B in preferred shares, loan $60B and
set up two lending programs to ease 'liquidity pressures.'

Circuit City, the nation's second-largest electronics retailer, files for Chapter 11 bankruptcy.

Date: Mon, 10 Nov 2008 07:55:06 -0500

Circuit City, the nation's second-largest electronics retailer, files
for Chapter 11 bankruptcy.

U.S. rewrites AIG bailout - offering better terms and taking a more significant role in troubled insurer.

Date: Mon, 10 Nov 2008 06:04:03 -0500

U.S. rewrites AIG bailout - offering better terms and taking a more
significant role in troubled insurer.

Sunday, November 9, 2008

Energy: AEP cuts back earnings forecast

Date: 9 NOV 2008 20:15:09 GMT

AEP is reducing its earnings forecast for next year, citing the
slowing economy and "various potential regulatory outcomes."

Energy: NRG Energy board rejects Exelon bid

Date: 9 NOV 2008 20:02:45 GMT

NRG's board of directors rejects Exelon's unsolicited bid, which it
says significantly undervalues the company.

Energy: China lifts wraps on stimulus package

Date: 9 NOV 2008 16:36:06 GMT

China unveils an economic stimulus package worth over half a trillion
dollars in an effort to reverse slowing economic growth in the world's
most populous country.

Saturday, November 8, 2008

Energy: OPEC says more cuts could be on the way

Date: 8 NOV 2008 17:35:33 GMT

OPEC president Chakib Khelil reportedly says further cuts in oil
output from the OPEC nations could be on the way if attempts last
month to reduce production fail to halt the current plunge in crude
prices.

Friday, November 7, 2008

Energy: Stocks in focus for Monday

Date: 8 NOV 2008 00:05:24 GMT

Among the companies whose shares are expected to see active trade in
Monday's session are American International Group Inc., Starbucks
Corp., and Tyson Foods Inc.

Markets Friday, 11/7/2008

Date: Fri, 7 Nov 2008 17:31:05 -0500

|---------------------------------------------------------------------------|
| Dow : 8943.81 up 248.02 | S & P : 930.99 up 26.11 |
| NASDAQ: 1647.40 up 38.70 | Bond (10Y): 3.78%, 101.75

MARKETS:
Stocks rally despite bad news
Wall Street manages gains after two-session retreat despite GM and
Ford losses and a brutal labor market report.

Obama's associations say a lot to Wall Street

Date: Fri, 07 Nov 2008 17:01:29 -0500
Obama's associations say a lot to Wall Street

President-elect Barack Obama hasn't picked a Treasury secretary,
endorsed or panned the efforts of the current administration, or
spelled out what he would do differently.

REALTORS LOBBY FOR HOUSING STIMULUS, CLAIM NO TIME TO WASTE

The projected 9.3% national decline in home prices this year would be
the sharpest drop since the National Association of Realtors started
keeping records in 1968, the group's chief economist said Friday.

MARKET SNAPSHOT: U.S. STOCKS END SHARPLY HIGHER TO PARE WEEKLY DECLINE

U.S. stocks climb as bargain hunters step in after two days of losses,
helping foster hope that global intervention will help an economy that
shed nearly a quarter million jobs in October.

GM SHARES HIT HARD AS DWINDLING CASH SPOOKS INVESTORS

General Motors Corp. shares drop 12% after the Detroit giant reports a
third-quarter loss of $2.5 billion and warns its assembly lines could grind to
a halt next year barring strong improvements in the company's cash pile.

ECONOMIC REPORT: UNEMPLOYMENT RATE LEAPS TO 14-YEAR HIGH OF 6.5%

The U.S. unemployment rate jumped to a 14-year high of 6.5% in October as
nearly a quarter million jobs were lost, the Labor Department reports.

Breaking News: Obama Holds First News Conference as President-Elect

Date: Fri, 07 Nov 2008 12:20:21 -0800 (PST)

Obama Holds First News Conference as President-Elect; Says He Will
Take Financial Crisis 'Head On,' Act Swiftly After Taking Office [2:59
p.m. ET]

The Dow jumps 258 points despite a devastating jobs report and news that GM is running out of cash.

Date: Fri, 7 Nov 2008 16:02:08 -0500

The Dow jumps 258 points despite a devastating jobs report and news
that GM is running out of cash.

President-elect Obama says U.S. is 'facing the greatest economic challenge of our lifetimes' – will confront crisis 'head on.'

Date: Fri, 7 Nov 2008 14:57:03 -0500

President-elect Obama says U.S. is 'facing the greatest economic
challenge of our lifetimes' – will confront crisis 'head on.'

Energy: AES shares jump on rising profit

Date: 7 NOV 2008 15:55:09 GMT

Shares of AES jump more than 14% after the power company posts sharply
higher third-quarter profit, fueled by higher prices and increased
demand.

Energy: Oil stocks gains help fuel broad market rebound

Date: 7 NOV 2008 15:53:38 GMT

Oil and gas stocks, pounded in the previous session, caught a big lift
Friday from bargain hunters swooping back into the sector and a modest
uptick in oil prices.

U.S. stocks advance after two days of heavy losses

Date: Fri, 07 Nov 2008 12:01:13 -0500
U.S. stocks advance after two days of heavy losses

ECONOMIC REPORT: UNEMPLOYMENT RATE LEAPS TO 14-YEAR HIGH OF 6.5%

The U.S. unemployment rate jumped to a 14-year high of 6.5% in October
as nearly a quarter million jobs were lost, the Labor Department
reports.

FORD SETS MORE COST CUTS AS IT NARROWS THIRD-QUARTER LOSS

Ford Motor Co. on Friday said it narrowed its third-quarter loss,
boosted by a one-time gain of more than $2 billion, but announced more
wrenching cost and job cuts in the face of plunging sales.

OBAMA WILL MAKE ECONOMIC MARK BEFORE INAUGURATION

Democratic lawmakers called Thursday for a new stimulus package worth
up to $100 billion while President-elect Barack Obama scheduled a
meeting with his new economic transition team to begin addressing the
nation's economic troubles well before his Jan. 20 inauguration.

DISNEY PROFIT DECLINES 13%

Walt Disney Co. says its quarterly profit fell 13% due to a $91 million
bad-debt charge on a payment it was due from Lehman Brothers and the
combination of higher expenses and less successful films at its studio
entertainment division.

Energy: Shares rise on job increase, U.S. stocks

Date: 7 NOV 2008 15:44:42 GMT

Canadian stocks rose Friday after the government reported an
unexpected jobs increase and as U.S. markets moved higher for the
first session in three.

GM says it has plans to cut more jobs and slash costs. Seeks to boost capital by $5 billion by the end of 2009.

Date: Fri, 7 Nov 2008 11:31:03 -0500

GM says it has plans to cut more jobs and slash costs. Seeks to boost
capital by $5 billion by the end of 2009.

Energy: Calpine operating earnings up, though net income down

Date: 7 NOV 2008 16:43:42 GMT

Calpine Corp. says that its third-quarter operating earnings swung to
a gain, though net income was down due to reorganization benefits
realized a year ago.

Energy: Edison International's quarterly profit falls

Date: 7 NOV 2008 15:28:52 GMT

Energy-holding company Edison International says that its
third-quarter net income fell 4.8%, and tempered its full-year
forecast.

Breaking News Fri., November 7, 2008

Date: Fri, 07 Nov 2008 08:40:39 -0800 (PST)

GM Reports $2.5B Loss in 3rd Quarter, Burns Through $6.9B Cash
Reserves to Stay Afloat [11:28 a.m. ET]

October's mounting job losses bring year-to-date total to 1.2 million - most since 2001. 6.5% unemployment rate worst since 1994.

Date: Fri, 7 Nov 2008 08:38:03 -0500

October's mounting job losses bring year-to-date total to 1.2 million
- most since 2001. 6.5% unemployment rate worst since 1994.

Energy: Oil trades above $60 a barrel after bleak jobs data

Date: 7 NOV 2008 14:20:01 GMT

Oil futures traded little changed above $60 a barrel Friday after
tumbling to a 19-month low in the previous session and as the U.S.
government reported job losses climbed more than forecast in October.

Stocks jump at the open despite a grim jobs number and massive losses at Ford.

Date: Fri, 7 Nov 2008 09:32:08 -0500

Stocks jump at the open despite a grim jobs number and massive losses at Ford.

Breaking News: Unemployment jumps to 6.5%; job loss worse than expected

Date: Fri, 07 Nov 2008 07:48:46 -0600

The nation's unemployment rate jumped to a 14-year high 6.5% in
October as business payrolls dropped 240,000 jobs.

Thursday, November 6, 2008

Energy: Stocks in focus for Friday

Date: 6 NOV 2008 23:52:25 GMT

Among the companies whose shares are expected to see active trade in
Friday's session are General Motors Corp., Ford Motor Co., and Sprint
Nextel Corp.

Markets Thursday, 11/6/2008

Date: Thu, 6 Nov 2008 17:31:04 -0500

| Dow : 8695.79 down 443.48 | S & P : 904.88 down 47.89 |
| NASDAQ: 1608.70 down 72.94 | Bond (10Y): 3.70%, 102.47
MARKETS:
Stocks suffer for 2nd day
Dow sheds 443 points, bringing its two-day decline to 929 points, as
recession fears accelerate.

It may take months before recession gets official status

Date: Thu, 06 Nov 2008 17:01:27 -0500
It may take months before recession gets official status

All but the most wildly optimistic believe the U.S. is in recession,
but it may take months before it's official as the nation's recession
watch-dog tries to figure out when it started.

SOURED CONSUMER CONFIDENCE HAUNTS RETAILERS

Record-low consumer confidence haunted retailers' sales in October, as
most turn in another ugly month, signaling a dreary outlook ahead for
the crucial holiday season.

DEMOCRATS STILL HAVE SHOT AT FILIBUSTER-PROOF SENATE

Thanks to a late Democratic victory in Oregon, the party still has a
shot at a filibuster-proof Senate but it may take several weeks to
sort out due to tight races in Alaska, Minnesota and Georgia.

Dow slides more than 400 points; U.S. stock indexes finish down 4% to 5%

Date: Thu, 06 Nov 2008 16:04:24 -0500

Dow slides more than 400 points; U.S. stock indexes finish down 4% to 5%.

11/6/2008 4:02:30 PM EDT

Energy: PG&E posts higher profit, affirms outlook

PG&E Corp. reported on Thursday a 9% increase in third-quarter profit and stood by its previous forecasts for this 2008 and 2009, citing better returns from its regulated utility despite the slowing U.S. economy.

Energy: Dynegy again cuts 2008 forecast; shares skid as much as 14%

Shares of Dynegy fall as much as 14%, retreating after the energy provider cut its 2008 forecast for the second time this year.

Energy: IEA predicts surge in oil prices to $100 a barrel

Date: 6 NOV 2008 18:26:04 GMT

The International Energy Agency says that import prices for crude oil
will likely average $100 a barrel in the period between 2008 and 2015,
and will rise to more than $120 in 2030.

Dow tumbles 400 points with three hours remaining in the trading day as investors focus on gloomy economy.

Date: Thu, 6 Nov 2008 13:09:03 -0500

Dow tumbles 400 points with three hours remaining in the trading day
as investors focus on gloomy economy.

Wall Street extends its losses as the Dow falls more than 300 points at midday.

Date: Thu, 6 Nov 2008 12:10:06 -0500

Wall Street extends its losses as the Dow falls more than 300 points at midday.

Energy: Stocks fall for second day on lower crude prices

Date: 6 NOV 2008 15:39:50 GMT

Canadian stocks fall, dragged down by a lower energy sector, as
crude-oil prices drop. Canadian Natural Resources Ltd. move lower
after it reports higher costs in a major project.

U.S. stocks sharply lower amid generally bleak data

Date: Thu, 06 Nov 2008 12:01:10 -0500
U.S. stocks sharply lower amid generally bleak data

U.S. stocks fell for a second day, pushing the Dow Jones Industrial
Average under 9,000 for the first time in a week, as mostly bleak
retail sales and a lowered outlook from Cisco Systems Inc. underscored
the troubled economy.

ECONOMIC REPORT: CONTINUING JOBLESS CLAIMS HIT 25-YEAR HIGH

The number of U.S. residents collecting state unemployment benefits
reached the highest level in 25 years, rising by 122,000 to a
seasonally adjusted 3.84 million in the week ending Oct. 25, the Labor
Department reports.

SOURED CONSUMER CONFIDENCE HAUNTS RETAILERS

Record-low consumer confidence haunted retailers' sales in October, as
most turn in another ugly month, signaling a dreary outlook ahead for
the crucial holiday season.

CISCO SALES JUMP 8%, BUT PROFIT FLAT

Shares of Cisco fell in premarket trades Thursday, a day after the
company reported flat net income and warned of slowing sales.

BOE DELIVERS UNPRECEDENTED RATE CUT; ECB DISAPPOINTS

Europe's major central banks slashed key interest rates Thursday in
the face of a potentially deep and lengthy economic downturn, with the
Bank of England leading the charge by dropping its key rate to a level
unseen since the mid-1950s.

Stocks fall at the open following more bad news on jobs, grim retail sales and a sharp rate cut in Europe.

Date: Thu, 6 Nov 2008 09:33:03 -0500

Stocks fall at the open following more bad news on jobs, grim retail
sales and a sharp rate cut in Europe.

Energy: Oil futures extend decline as global stocks fall

Date: 6 NOV 2008 13:54:49 GMT

Oil futures extended their decline Thursday, as concerns escalated
about the impact of a global economic recession on oil demand and as
stock markets worldwide posted steep losses.

481,000 people applied for first-time unemployment benefits last week - more than expected, the government said.

Date: Thu, 6 Nov 2008 08:38:03 -0500

481,000 people applied for first-time unemployment benefits last week
- more than expected, the government said.

European Central Bank cuts key lending rate half a percentage point to 3.25%, AP reports.

Date: Thu, 6 Nov 2008 07:50:21 -0500

European Central Bank cuts key lending rate half a percentage point to
3.25%, AP reports.

Wal-Mart posts a 2.4% rise in October same-store sales, topping its own forecast range.

Date: Thu, 6 Nov 2008 07:21:04 -0500

Wal-Mart posts a 2.4% rise in October same-store sales, topping its
own forecast range.

Bank of England cuts key lending rate by 1.5 percentage points to 3%, AP reports.

Date: Thu, 6 Nov 2008 07:07:03 -0500

Bank of England cuts key lending rate by 1.5 percentage points to 3%,
AP reports.

Wednesday, November 5, 2008

Energy: Sunoco boosts profit on improved refining margins

Date: 5 NOV 2008 23:32:24 GMT

Sunoco Inc. reports a sharp improvement in third-quarter profit as
crude-oil prices, tumbling from record highs in early July, leave the
company with far stronger refining margins through the rest of the
summer.

Energy: Stocks in focus for Thursday

Date: 5 NOV 2008 23:41:36 GMT
Energy: Stocks in focus for Thursday


Among the companies whose shares are expected to see active trade in
Thursday's session are Walt Disney Co., Fluor Corp., and Nvidia Corp.

Markets Wednesday, 11/5/2008

Date: Wed, 5 Nov 2008 17:32:08 -0500

| Dow : 9139.27 down 486.01 | S & P : 952.77 down 52.98 |
| NASDAQ: 1681.64 down 98.48 | Bond (10Y): 3.70%, 102.38
MARKETS:
Dow sheds 486 points
Post-election worries about the weak economy are front and center.

U.S. stocks end sharply down as economy overshadows election

Date: Wed, 05 Nov 2008 17:01:30 -0500
U.S. stocks end sharply down as economy overshadows election

U.S. stocks give back the largest Election Day gains in more than two
decades, as investors looked beyond President-elect Barack Obama's
historic win to the
dismal state of the economy.

CISCO REPORTS 8% JUMP IN SALES, FLAT QUARTERLY PROFIT

Cisco Systems Inc. reports an 8% jump in fiscal first-quarter sales,
but its net income is flat.

WORLD AWAITS OBAMA'S RESPONSE TO ECONOMIC CRISIS

Victory may be sweet, but a potentially deep U.S. recession and a
global financial crisis will give Democrat Barack Obama little time to
bask in the after glow of his historic win in the U.S. presidential
election, economists say.

BOND INSURERS AMBAC, MBIA REPORT WIDER QUARTERLY LOSSES

Ambac Financial and MBIA Inc. lose at least a fifth of their market
value after reporting bigger-than-expected quarterly losses from
exposures to complex credit derivatives linked to the sagging housing
market.

Dow closes down 496 points in accelerated late-day selloff after two dismal jobs reports stoke fears about the economy.

Date: Wed, Nov 5, 2008 at 4:02 PM

Dow closes down 496 points in accelerated late-day selloff after two dismal jobs reports stoke fears about the economy.

Crude oil lost $5.23 to close at $65.30 as the Dow lost 300 points and grim economic news crimped energy demand outlook.

Date: Wed, 5 Nov 2008 14:57:03 -0500

Crude oil lost $5.23 to close at $65.30 as the Dow lost 300 points
and grim economic news crimped energy demand outlook.

Energy: Equities in Moscow end with gains, but ADRs fall

Date: 5 NOV 2008 17:10:15 GMT
Emerging Markets Report - Equities in Moscow end with gains, but ADRs fall

Equity markets in Moscow end with gains after staying closed for a
holiday during the previous two sessions, while Russian shares listed
in New York and London post steep losses.

World awaits Obama's response to economic crisis

Date: Wed, 05 Nov 2008 12:01:19 -0500
World awaits Obama's response to economic crisis

Victory may be sweet, but a potentially deep U.S. recession and a
global financial crisis will give Democrat Barack Obama little time to
bask in the after glow of his historic win in the U.S. presidential
election, economists said Wednesday.

DEMOCRATS PAD CONGRESSIONAL MAJORITIES ON ELECTION DAY

Democrats scored victories in five important Senate races Tuesday,
adding to their majority in the chamber on the same night that Sen.
Barack Obama became the first African-American to win the U.S.
presidency.

FUTURES MOVERS: OIL FALLS FOLLOWING ELECTION OUTCOME, MIXED U.S. SUPPLY DATA

Crude-oil futures fell early Wednesday, giving up some ground after
soaring more than 10% in the previous session, as traders awaited the
latest data on U.S. petroleum supplies due later today.

CURRENCIES: DOLLAR MIXED, YEN MOSTLY HIGHER AS EUROPEAN BANKS DISAPPOINT

Disappointing earnings outlooks from European banks Wednesday
overshadowed the impact of Democrat Barack Obama's historic U.S.
presidential victory, trimming
risk appetite and lifting the Japanese yen and the U.S. dollar to modest gains.

OBAMA COMPLETES HISTORIC JOURNEY TO PRESIDENCY

Promising change in a climate of unprecedented voter discontent, Sen.
Barack Obama rode massive voter turnout to a sweeping victory in
Tuesday's presidential contest over Sen. John McCain, becoming the
first African-American elected as the nation's chief executive.

Stocks sink at the open as the troubled economy comes into focus the moring after an historic election.

Date: Wed, 5 Nov 2008 09:33:04 -0500

Stocks sink at the open as the troubled economy comes into focus the
moring after an historic election.

Energy: XTO profit rises 26% on higher production

Date: 5 NOV 2008 14:32:24 GMT

XTO Energy on Wednesday said third-quarter net income rose by 26%
thanks to higher production, revenue and cash flow at the domestic
natural gas giant, which said it expects to grow its 2009 cash flow by
at least 25%.

Energy: Transocean's net income rises 13%, beating target

Date: 5 NOV 2008 14:36:48 GMT

Transocean posts a better-than-expected third-quarter profit on
Wednesday, as the offshore specialist manages to increase day rates on
its drilling fleet.

Energy: Currency losses to dent SunPower's profit

Date: 5 NOV 2008 14:04:29 GMT

SunPower Corp. on Wednesday warned that earnings growth in the fourth
quarter and 2009 will be hurt by currency problems, as the solar panel
operator struggles with a stronger dollar against the euro.

U.S. stocks down in morning trades; Dow industrials fall as much as 202 points

U.S. stocks down in morning trades; Dow industrials fall as much as 202 points
11/5/2008 9:58:25 AM EDT

Energy: Natural-gas producer Devon Energy profit triples to $3 billion

Date: 5 NOV 2008 15:37:39 GMT

Devon Energy on Wednesday said third-quarter net income tripled to
nearly $3 billion as the natural-gas producer benefited from higher
energy prices and increased production, despite the impact of
Hurricanes Gustav and Ike.

Payroll services firm ADP says jobs fell 157,000 in October...

Date: Wed, 5 Nov 2008 08:26:04 -0500

Payroll services firm ADP says jobs fell 157,000 in October - with
more than 75% of drop coming from goods producers.

Energy: Shares in Europe end best winning run of 2008 as Obama wins

Date: 5 NOV 2008
Europe Markets - Shares in Europe end best winning run of 2008 as Obama wins

European shares ended their best winning streak of the year on
Wednesday, as investors paused for breath after Barack Obama swept to
victory in the U.S. presidential election.

Energy: CMS quarterly profit falls nearly 4% on weaker economy

Date: 5 NOV 2008 13:36:05 GMT

CMS Energy says its third-quarter net income slips nearly 4% due to a
weaker U.S. economy and tighter credit markets.

Energy: Duke earnings dip 65% in 'disappointing' quarter

Date: 5 NOV 2008 13:33:10 GMT
Headline: Duke earnings dip 65% in 'disappointing' quarter

Duke Energy Corp. on Wednesday fell short of Wall Street's earnings
target as the electricity giant said mild summer weather and
storm-related outages in the Midwest led to a 65% drop in
third-quarter profit.

Tuesday, November 4, 2008

Breaking News

Date: Tue, 04 Nov 2008 20:27:57 -0800 (PST)

John McCain congratulates Barack Obama on his "historic" election as
president of "the greatest nation on Earth."

Breaking News Tue., November 4, 2008

Date: Tue, 04 Nov 2008 20:04:00 -0800 (PST)

Barack Obama Will Be Next President of the United States.

Breaking News: Obama poised to win presidential election

Date: Tue, 04 Nov 2008 21:55:39 -0600

Democrat Barack Obama is edging ever closer to winning the 2008
presidential election, winning the vital battleground states of Ohio,
Pennsylvania and Virginia while severely damaging the hopes of
Republican John McCain.

Obama wins Virginia: networks

Obama wins Virginia: networks
11/4/2008 10:50:01 PM EDT

Breaking News: Obama wins Ohio

Date: Tue, 04 Nov 2008 20:45:45 -0600

Democrat Barack Obama has won the battleground state of Ohio, the
Associated Press is projecting, giving him another key prize of the
presidential election so far and strongly dimming Republican John
McCain's chances of victory.

Breaking News Tue., November 4, 2008

Date: Tue, 04 Nov 2008 14:58:50 -0800 (PST)

EXIT POLLS: ECONOMY MOST IMPORTANT ISSUE FOR VOTERS [5:53 p.m. ET]

FINE WORK FOR THE BETTER FUTURE OF AMERICA

Obama's supporters in Chinatown, NYC USA
WHAT A HISTORIC DAY!!!

Markets Tuesday, 11/4/2008

Tuesday, 11/4/2008

| Dow : 9625.28 up 305.45 | S & P : 1005.75 up 39.45 |
| NASDAQ: 1780.12 up 53.79 | Bond (10Y): 3.72%, 102.19
-----------------------------------------------------------------------------

MARKETS:
Wall Street's Election Day rally
Stocks sizzle as millions of Americans head to the polls. Lending
rates ease. Oil prices spike.

OBAMA'S Supporters in Chinatown

Bowery, Chinatown, NYC USA

U.S. stocks finish solidly higher after Election Day rally

Date: Tue, 04 Nov 2008 17:02:41 -0500
U.S. stocks finish solidly higher after Election Day rally

U.S. stocks rally as millions of Americans cast ballots to determine whether
Republican John McCain or Democrat Barack Obama wins the presidency,
with polls favoring the latter to replace George W. Bush in the White
House.

AMERICANS GO TO POLLS FOR HISTORIC PRESIDENTIAL VOTE

Millions of Americans are casting votes for the next president of the United
States, with Democratic candidate Barack Obama leading Republican rival John
McCain in every poll.

DEMOCRATS ANTICIPATING BIG WINS ON CAPITOL HILL

U.S. voters are choosing lawmakers in elections across the country in addition
to a new president, with Democrats appearing poised to pick up several new
seats in both houses of Congress on this historic Election Day.

YAHOO HAS LITTLE REMAINING UPSIDE IN GOOGLE DEAL, ANALYSTS SAY

A revised search deal with Google is likely to limit the upside for Yahoo and
could push the troubled Web portal back to considering a merger with Microsoft,
analysts say.

OBAMA'S supporters are working hard for Chinatown

Bowery, Chinatown, NYC USA

OBAMA'S supporters are working hard for Chinatown

Bowery, Chinatown, NYC USA

OBAMA'S supporters are working hard for Chinatown

Bowery, Chinatown NYC USA

OBAMA's Supporters are working hard for Chinatown

Bowery, Chinatown NYC USA

Rally on Wall Street intensifies, with Dow crossing 300 point threshold for second time in the session.

Date: Tue, 4 Nov 2008 11:56:03 -0500

Rally on Wall Street intensifies, with Dow crossing 300 point
threshold for second time in the session.

Energy: Emerging markets assets gain as risk appetite returns

Date: 4 NOV 2008 17:28:35 GMT
Emerging Markets Report - Emerging markets assets gain as risk appetite returns

A rebound in risk appetite Tuesday prompted investors to buy stocks,
bonds and currencies in emerging markets, which have been pummeled
recently by the global financial crisis.

U.S. stocks surge in Election Day rally

Date: Tue, 04 Nov 2008 12:01:24 -0500
U.S. stocks surge in Election Day rally

U.S. stocks rally as millions of Americans cast ballots for the next
president,with investors cheered by the coming clarity of the election
pitting Republican John McCain against Democrat Barack Obama.

U.S. VOTERS LINE UP AT POLLS WITH SURVEYS FAVORING OBAMA

Millions of Americans are casting votes Tuesday morning for the next
president of the United States, with Democrat Barack Obama leading
rival John McCain in every poll.

CURRENCIES: DOLLAR FALLS SHARPLY VS. RIVALS AS RISK APPETITE RETURNS

The dollar and the yen lose ground against most major currencies
Tuesday, slipping as equity markets rise on a further rise in risk
appetite, strategists said.

AUSTRALIA SLASHES CASH RATE TO 5.25%

The Reserve Bank of Australia cut its cash rate by a
larger-than-expected three-quarters of a percentage point Tuesday,
citing the effects of the global slowdown, falling commodity prices
and a likely downturn in domestic spending.

ECB, BANK OF ENGLAND NEXT TO JOIN RATE-CUT PARTY

The Bank of England and the European Central Bank each are expected to
cut rates by a half-point on Thursday -- and possibly more.

Presidential vote begins as polls open in Dixville Notch, N.H.

Date: Tue, 04 Nov 2008 00:52:36 -0500

Presidential vote begins as polls open in Dixville Notch, N.H.
11/4/2008 12:50:21 AM EDT

Dow industrials up 180 points as Election Day opens with gains for U.S. stocks

Dow industrials up 180 points as Election Day opens with gains for U.S. stocks

11/4/2008 9:32:33 AM EDT

Energy: Archer Daniels, Emerson, UBS, Toyota in the spotlight

Date: 4 NOV 2008 13:44:39 GMT
Before the Bell - Archer Daniels, Emerson, UBS, Toyota in the spotlight

U.S. stock futures pointed higher Tuesday as voters headed to the
polls to choose a new president and as some analysts say much of the
bad news around the economy and earnings is priced into stocks.

Stocks surge at the open as credit thaws further and voters nationwide begin casting their votes in the presidential election.

Date: Tue, 4 Nov 2008 09:31:03 -0500

Stocks surge at the open as credit thaws further and voters
nationwide begin casting their votes in the presidential election.

Energy: Crude-oil futures gain in early trade as dollar falls

Date: 4 NOV 2008 13:37:50 GMT

Futures Movers - Crude-oil futures gain in early trade as dollar falls

Oil futures trade higher, rebounding after falling nearly 6% in the
previous session, as the U.S. dollar falls against rivals and
Americans head to the polls to elect their next president.

Monday, November 3, 2008

Australia cuts key interest rate 0.75 point to 5.25%

Date: Mon, 03 Nov 2008 22:39:46 -0500

Australia cuts key interest rate 0.75 point to 5.25%
11/3/2008 10:37:38 PM EDT

Breaking News Mon., November 3, 2008

Date: Mon, 03 Nov 2008 14:00:58 -0800 (PST)

Barack Obama's Grandmother Passes Away [4:35 p.m. ET]

Energy: Stocks in focus for Tuesday

Date: 3 NOV 2008 23:38:11 GMT
Stocks to Watch - Stocks in focus for Tuesday

Among the companies whose shares are expected to see active trade in
Tuesday's session are Archer Daniels Midland Co., Tenet Healthcare
Corp., and Teradata Corp.

Energy: Election jitters' likely long-term effect on oil

Date: 3 NOV 2008 23:43:20 GMT
Commodities Corner - Election jitters' likely long-term effect on oil

Don't expect the oil market to stabilize immediately after the world
finds out who will become the next U.S. president.

Markets Monday, 11/3/2008

Monday, 11/3/2008

| Dow : 9319.83 down 5.18 | S & P : 966.30 down 2.45 |
| NASDAQ: 1726.33 up 5.38 | Bond (10Y): 3.91%, 100.69


MARKETS:
Stocks struggle ahead of election
Wall Street seesaws after last week's advance as investors consider
weak economic reports and look to Election Day.

Auto industry sees darkest days in 25 years; GM hit hardest

Date: Mon, 03 Nov 2008 17:01:46 -0500

Ford posts a 30% drop in U.S. sales for October, blaming "an economic
gauntlet the likes of which haven't been seen in more than two
decades."

ECONOMIC REPORT: BANKS TIGHTEN CREDIT FURTHER, FED SAYS

As fears about the economy grew, banks doing business in the United
States have made it much tougher over the past three months for their
customers to borrow money, the Federal Reserve reports.

CIRCUIT CITY TO SHUT 155 STORES TO PRESERVE CASH AND STAY AFLOAT

Suffering from declining sales, traffic and cash, the electronics
retailer says it's shutting 155 U.S. underperforming stores in a
last-ditch efforts to stay afloat before what some analysts predict
may be an unavoidable bankruptcy.

APPLE CUTTING BACK IPHONE PRODUCTION, ANALYST SAYS

Apple Inc. may be drastically scaling back production of its popular
iPhone for the crucial fourth-quarter shopping season as the economy
slips further into a recession, according to a brokerage report.

GM sales fall 45% in October; Ford sales off 30%; Toyota sales down 23%

11/3/2008 1:54:03 PM EDT


GM sales fall 45% in October; Ford sales off 30%; Chrysler U.S. sales down 35% ; Toyota sales down 23%

U.S. government to borrow $550 billion over 3 months to support economic rescue plans.


Date: Mon, Nov 3, 2008 at 12:04 PM

U.S. government to borrow $550 billion over 3 months to support economic rescue plans.

Oil settles down $3.90 at $63.91 a barrel.

Date: Mon, 3 Nov 2008 14:54:06 -0500

Oil settles down $3.90 at $63.91 a barrel.

Energy: Canadian stocks swing; energy down, metals up

Date: 3 NOV 2008 16:33:47 GMT

Canadian stocks vacillate, as higher gold prices push the metals and
materials sectors higher but falling crude-oil prices pressure energy
companies.

Energy: VeraSun goes bust, but biofuel remains under growth mandate

Date: 3 NOV 2008 18:30:35 GMT
VeraSun goes bust, but biofuel remains under growth mandate

VeraSun Energy's bankruptcy marks the latest chapter in a
boom-and-bust story written by the largest publicly traded,
stand-alone ethanol producer in the U.S., as the biofuels business
endures growing pains under a government mandate to boost production
significantly in the next several years.

General Motors reports 45% drop in October auto sales.

Date: Mon, 3 Nov 2008 13:48:02 -0500

General Motors reports 45% drop in October auto sales.

U.S. stocks pull mildly higher in light volume

Date: Mon, 03 Nov 2008 12:01:25 -0500
U.S. stocks pull mildly higher in light volume

U.S. stocks climb after vacillating in early trading as investors
digest data showing a decline in U.S. manufacturing activity during
October.

ECONOMIC REPORT: FACTORY OUTPUT WEAKEST IN 26 YEARS, ISM SURVEY SAYS

The nation's manufacturing firms reported the worst level of output in
26 years, further evidence that the economy is headed for a sharp
downturn, according to a closely followed survey of top executives.

TOP EUROPE BANKS OUTLINE WOES THAT LED TO FUNDING REQUESTS

Several top European banks on Monday detailed the strains from the
credit crisis, with Britain's Lloyds TSB and HBOS, France's Societe
Generale and Germany's Commerzbank each outlining the woes that led
them to take government cash.

CITI SAY CREDIT CARD LOSSES MAY HIT RECORD LEVELS IN 2009

Citigroup says it lost $1.4 billion in the third quarter from credit card
securitizations and that it expects such losses will continue, possibly
reaching record levels in 2009.


TALKS BETWEEN CHRYSLER AND RENAULT-NISSAN HALTED, REPORT SAYS

Talks between the Renault-Nissan alliance and Chrysler LLC owner
Cerberus Capital Management LP have halted, said the Detroit News
Saturday.