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MSNBC.com: Business (GeoFeed.net)
Tue, 14 Oct 2008 07:21:22 +0100
Wall Street attempts to extend huge gains
Wall Street tried to stage another surge with investors encouraged by the U.S. government's plans to spend $250 billion on buying stock in private banks.
Administration unveils expanded bank bailout
The U.S. Treasury Department unveiled plans Tuesday to inject $250 billion into beleaguered U.S. banks to beat back a credit crisis that threatens to swamp the global economy.
Asian stocks soar after U.S. rally
Asian markets soared for a second day Tuesday, led by a record 14 percent jump in Tokyo, after Wall Street rebounded strongly from its worst week ever.
PepsiCo to cut 3,300 jobs on lower earnings
PepsiCo Inc. says it plans to eliminate 3,300 positions globally, as it reports a 9.5 percent drop in third-quarter profit.
Oil rises above $84 as financial panic eases
Oil prices climbed Tuesday on hopes the economic fallout from the financial crisis would be curbed by U.S. and European government pledges to pump capital into the banking sector.
India call centers get another view of U.S.
Collection agents at a call center outside New Delhi are starting to see the flip side of the American Dream: a country hobbled by debt and filled with frightened people.
Parties jockey for an edge on economic aid
House Democrats and Republicans pushed dueling economic aid plans as they jockeyed for political advantage on addressing a crisis that is shaping the last weeks of a high-stakes election.
Europe puts $2.3 trillion on line for banks
European governments overcame their differences to put $2.3 trillion on the line in emergency measures to save the banking system in their most unified response yet.
GM to close Mich. plant, cut 1,340 jobs
Geographical References: Wisconsin
The auto slump worked its way to two Midwestern automaking towns when GM announced it would close a Michigan plant and stop making SUVs in Wisconsin by the end of the year.
Newsweek: GM-Chrysler merger a lemon of a deal
Newsweek: GM-Chrysler merger a lemon of a deal
Bush critic Krugman wins economics Nobel
Paul Krugman, whose relentless criticism of the Bush administration includes opposition to the $700 billion financial bailout, won the Nobel prize in economics on Monday.
Oil run-up looks like just another bubble
As oil prices zoomed toward an unheard of $147 a barrel this summer, it seemed every prediction that oil would approach $200 was a self-fulfilling prophecy, until suddenly it wasn't.
Spielberg's DreamWorks joins Universal
Steven Spielberg?s DreamWorks studio has signed on with Universal Pictures to distribute its films as his company parts ways with Paramount.
The next bailout: Your adult children?
Geographical References: Washington
As Washington unfurls its financial-market rescue, more families are weighing private bailouts of their own ? of young-adult children burdened by debt.
Diddy's vodka ad sees good times ? at home
Celebrating in the new economy could mean more time at home and less time in the bars, Sean "Diddy" Combs says.
Customers to get more control of junk mail
Consumers griping about how they get bombarded with piles of marketing mail from store catalogs to credit card offers can soon get some relief.
Mitsubishi closes Morgan Stanley deal
Morgan Stanley completed a deal Monday to receive a $9 billion investment from Japanese bank Mitsubishi UFJ Financial Group Inc., giving it a much-needed cash infusion.
Answer Desk: Where did the money go?
The financial market collapse of the past few weeks has destroyed trillions of dollars in wealth. So where, exactly, did all that money go?
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