AP - Confidence at major Japanese manufacturers fell to its lowest level in more than four years as the plunging dollar, soaring fuel prices and fears of a U.S. slowdown weighed on the economy.
Reuters - Thornburg Mortgage Inc , a
jumbo mortgage provider that has been trying to avoid
bankruptcy, on Monday said it raised $1.35 billion from a sale
of debt and warrants to buy common stock.
Reuters - Lehman Brothers Holdings Inc ,
an investment bank beset by rumors of not having enough
funding, said it plans to raise $3 billion of capital to quash
questions about its stability.
Reuters - A group of six banks, sued over the
$20 billion buyout of U.S. radio operator Clear Channel
Communications Inc , fought back on Monday, asking a New
York state court to hear their request to dismiss the claims
against them.
Reuters - Dell Inc said on Monday it would
close its Austin, Texas desktop computer plant with 900
workers, as part of a plan to cut expenses by $3 billion
annually in 3 years’ time.
AP - Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2008 with massive losses, the casualties of the still continuing credit crisis. The Standard & Poor’s 500 index, the benchmark for many widely held investments such as mutual funds, suffered a loss for the quarter of nearly 10 percent.
Reuters - Lehman Brothers Holdings Inc ,
an investment bank beset by rumors of not having enough
funding, said it plans to raise $3 billion of capital to quash
questions about its stability.
Reuters - Sales incentives offered on new
vehicles in the U.S. market were up 4 percent in March from a
year earlier as automakers struggled with sagging demand,
according to a report on Monday.
AP - Gas prices at the pump surged to a new record over the weekend, while crude oil accelerated its slide Monday amid a broad-based commodities sell-off.
AP - Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes still ended the first three months of 2007 with massive losses, the casualties of the still continuing credit crisis. The Standard & Poor’s 500 index, the benchmark for many widely held investments such as mutual funds, suffered a loss for the quarter of nearly 10 percent.
Reuters - A group of six banks, sued over the
buyout of Clear Channel Communications Inc , asked a New
York state court on Monday to hear their request to dismiss the
claims against them.
Reuters - Dell Inc said on Monday
it plans to save $3 billion annually over the next three years
by closing its Austin, Texas desktop computer manufacturing
plant and cutting thousands of jobs.
Reuters - Lehman Brothers Holdings Inc ,
an investment bank beset by rumors of not having enough
funding, said it plans to raise $3 billion of capital.
AP - Britain and the United States are planning a joint panel to examine new ways of tackling the global credit crunch and to improve the monitoring and regulation of world financial markets, officials said Monday.
Reuters - Treasury Secretary Henry Paulson
revealed sweeping plans on Monday for streamlining a hodgepodge
of regulations that are blamed for allowing the U.S. mortgage
crisis to balloon into a full-blown economic threat.