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Asia-Pacific markets extend the rally
Asia stocks pushed up to a two-month peak on Tuesday while higher-yielding currencies jumped against the battered yen as Washington's plan to relieve banks of toxic debt spurred investors to pick up riskier assets
Financial Times

How the Dow Jones industrials fared Monday
Wall Street got the news it wanted on the economy's biggest problems - banks and housing - and celebrated by hurtling the Dow Jones industrials up nearly 500 points. Investors added rocket fuel Monday...
bignewsnetwork.com

Treasury`s Bank Plan Sparks a Broad Rally
Stock markets staged a massive rally yesterday, soaring as much as 7 percent after the Treasury Department unveiled a plan to help banks purge their balance sheets of toxic assets and home sales made a surprising rebound.
Washington Post

US Dollar Follows Familiar Pattern, Declines as Asian Stocks Rise on US Bank Plan (Euro Open)
The US Dollar returned to a familiar pattern in overnight trading, falling in tandem with rising stock prices as the US bank rescue plan boosted risk appetite....
Daily FX

Barack Obama`s plan is `light at end of the tunnel`
President Obama yesterday unveiled a plan to purge banks of up to $1 trillion ($£686 billion) of toxic assets and justified it on the ground that it would help to save taxpayers' money.
Times Online

California Public Pension Funds Seek to Lead Bank of America Class Actions (Business Wire)
SACRAMENTO, Calif.----The nation's two largest state public pension funds filed a joint motion today with the U.S. District Court, Southern District of New York, to be designated lead plaintiff in class actions against Bank of America stemming from its merger with Merrill Lynch.
yahoo.com

Stocks Notch Huge Advance, But Volume Declines
Stocks banked big gains Monday, but lighter volume took some starch out of the day's advance.
Investors.com

U.S. Seeks Expanded Power to Seize Firms
The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an...
Washington Post

Bank rally lifts Buffett`s Goldman bet
WARREN Buffett's $7 billion Goldman Sach's play is looking increasingly better as the investment bank's shares rally.
The Australian

Senate Will Delay Action on Punitive Tax on Bonuses
Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive federal aid.
Washington Post

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March 2010
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September 2009
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