Description:
Business
Contents:
Federal Reserve investigated Lehman rumors: report
(Reuters)
 Reuters - The Federal Reserve acted on rumors last month
and called Credit Suisse Group to see if it had pulled a credit
line from Lehman Brothers Holdings Inc, The Wall Street Journal
said citing people familiar with the matter.
Nissan says to start exporting cars from China JV
(Reuters)
 Reuters - Nissan Motor (7201.T) will begin
exporting passenger cars over the next few months from China,
as a growing number of global industry giants tap their output
in the world's second-largest auto market to supply export
markets.
Fannie, Freddie shares dive on bailout fears, bonds up
(Reuters)
 Reuters - Fannie Mae and Freddie Mac
shares plunged to their lowest levels in almost 20
years on Wednesday, while the mortgage companies' bonds rallied
on the belief that an increasingly likely government bailout
would wipe out shareholders but secure their massive debt.
Kohl's CEO Montgomery to step down: paper
(Reuters)
 Reuters - Larry Montgomery is expected to step down as
retailer Kohl's Corp chief executive, The Wall Street Journal
said.
California mulls probing senator over IndyMac crash
(Reuters)
 Reuters - California's attorney general is
reviewing a request by former employees of IndyMac Bancorp Inc
to investigate whether a New York senator triggered
the bank's collapse by releasing confidential information.
China shares surge 5.89 pct by midday
(AFP)
 AFP - Chinese share prices surged 5.89 percent by midday Wednesday amid speculation that the authorities will soon launch new measures to boost the ailing stock market, dealers said.
Trends & Innovations - Wednesday
(Investor's Business Daily)
Investor's Business Daily - The proportion of working-age Americans facing medical debt rose to 72 mil or 41% last year, up from 58 mil or 34% in '05, according to a new survey by the nonprofit Commonwealth Fund. About half of those facing health debt have up to $2,000 in bills, while 12% have more than $4,000 in debt and another 12% have more than $8,000. The survey also found most of those with medical debt said they had exhausted their savings, with some also tapping into credit cards, home equity or cutting back on food or heat to cover health care costs.
Kohl's CEO to step down: paper
(Reuters)
 Reuters - Larry Montgomery is expected to step down as
retailer Kohl's Corp chief executive, The Wall Street
Journal said.
Home
|
