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Investors await BernankeU.S. stock futures edged higher early Friday, ahead of a speech from Federal Reserve Chairman Ben Bernanke.
CNN Money Friday, August 22, 2008Three Banks Settle Cases Over Bonds
Merrill Lynch, Goldman Sachs and Deutsche Bank will soon buy back at least $12.5 billion in auction-rate securities and pay fines as part of separate settlements reached with New York regulators.
The New York Times Friday, August 22, 2008Sales Decline, but Cost-Cutting Helps the Gap
The apparel retailer said its second-quarter profit rose 51 percent, despite a sales decline, helped by cost-cutting and tight control on inventory.
The New York Times Friday, August 22, 2008Slump Could Mirror 1990s, British Regulator Says
Britain's banks should be prepared to cope with an economic downturn and a housing market slump that could mirror the recession in the early 1990s, a regulator said.
The New York Times Friday, August 22, 2008Genentech to Pay Retention Bonuses
Genentech said it would spend up to $371 million on retention bonuses to keep its employees from leaving because of the possible acquisition of the company by its majority shareowner, Roche.
The New York Times Friday, August 22, 2008Get ready for a mortgage maze
Changes resulting from the credit crisis may make getting a mortgage more time-consuming and costly for many.
Startribune.com Friday, August 22, 2008Fairview, Blue Cross sign new contract
The 11th-hour agreement ends months of uncertainty for tens of thousands of Blue Cross members who might have had to change doctors and hospitals.
Startribune.com Friday, August 22, 2008The little guy gets a break in securities settlements
The $50 billion that financial firms will buy back under New York Attorney General Andrew Cuomo's deal is targeted to small investors.
Startribune.com Friday, August 22, 2008UK economic growth hits a brick wall
The British economy stalled between April and June, ending its longest stretch of economic growth for more than a century.
Telegraph Friday, August 22, 2008Pessimism Up In Business World
The NewYork-based Conference Board says its monthly measurement of future economic activity showed its largest decline in a year. The private organization pointed to lower building permits, a faltering stock market, high unemployment claims, a tight money supply, and falling orders for consumer goods. Mark Vitner of Wachovia Corporation called the situation "economic purgatory" ... "stuck somewhere between sluggish growth and recession."
NPR Friday, August 22, 20081 2 3 4 5 6 7 8
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