Reuters - Stocks gained on Tuesday as bets rose on the likelihood of a government stimulus package after the release of minutes from the last Fed policy meeting painted a dismal picture of the U.S. economy.
Reuters - Talbots Inc shares jumped 24 percent on Tuesday, a day after the women’s apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.
Reuters - German billionaire Adolf Merckle has committed suicide, in despair over the huge losses suffered by his business empire during the financial crisis, his family said on Tuesday.
Reuters - A judge on Tuesday extended an order barring well-known hedge fund founder Ezra Merkin from withdrawing or liquidating millions of dollars in his funds, which invested with accused swindler Bernard Madoff.
AP - Two more months of mortgage payments and retiree Allan Goldstein says he’ll be broke, just another victim in what may be the biggest Ponzi scheme in history.
Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
Reuters - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday.
AP - Brazil’s stocks rose in early trading, with the Ibovespa stock index up 1.1 percent at 41,956 an hour into the session.
AP - House prices in Britain fell by their biggest annual amount in at least 56 years during 2008, as credit seized up and possible buyers stayed out of the market, a leading mortgage lender said Tuesday.
Reuters - Talbots Inc shares jumped 24 percent on Tuesday, a day after the women’s apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit.
Reuters - The U.S. stock market could gain as much 12 percent in 2009 from current levels, despite a recession that will last at least into the first half of the year, a top executive with asset manager BlackRock said on Tuesday.
Reuters - U.S. stocks edged higher on Tuesday as investors bet on strength in the tech sector despite data on slumping factory orders and the lowest pending home sales in at least seven years that spurred concerns about the economy.
Reuters - New orders received by U.S. factories plunged a much-greater-than-expected 4.6 percent in November, the fourth straight monthly decline and a sign the sharp drop in manufacturing is deepening the recession, a government report showed on Tuesday.
Reuters - Pending sales of existing U.S. homes dropped to a seven-year low in November, data showed on Tuesday, as rising job losses and a deepening economic recession kept potential house buyers on the sidelines.
AP - Two more months of mortgage payments and retiree Allan Goldstein says he’ll be broke, just another victim in what may be the biggest Ponzi scheme in history.