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Presidential Candidates Differ on Free Trade
John McCain and Barack Obama both have trade on their agenda. John Bussey, Washington bureau chief of the Wall Street Journal, says Obama raises questions about trade accords while McCain sees them as an effective way to extend U.S. foreign policy.
NPR

How Lehman lost its way
To understand what went wrong at Lehman Brothers, leave the canyons of Wall Street and head to the flatlands of Bakersfield, 120 miles northeast of Los Angeles.
CNN

Wall Street: The bear is back
Stocks slumped Wednesday, with the Dow and Nasdaq ending in bear market territory, amid record oil prices, a 15% slump in GM stock and jitters about Thursday's big government report and ECB interest rate decision.
CNN Money

GM falls on Merrill bankruptcy warning
GENERAL Motors fell 15 per cent after a Wall Street bank warned the automaker could stumble into bankruptcy, and oil hit a record.
The Australian

Wall Street slides into bear territory
WALL Street has been dragged into a bear market after General Motors tumbled and oil prices rose to new highs.
The Australian

Waiting for Profit Warnings
So far, it's been a relatively quiet week on Wall Street. But the calm is deceptive because the market is going through a crucial quarterly waiting period, right after the end of the quarter but before companies start reporting results. Every morning, we could wake up to a big bellwether stock warning investors its second quarter earnings will fall short of expectations. So far a jittery market has been blessed with relatively few rude awakenings. One exception is UnitedHealth Group (UNH), which issued a profit warning this morning. Georges Yared (his blog is here) told me a few days ago that pre-announcements are what he's watching very closely this week and early next week. If there is a weak pre-announcement season -- meaning that relatively few companies issue warnings -- 'that will be bullish' for the market, he said.So far it's been quiet and the stock market has held up, but corporations still have several days left to scare investors. Alcoa (AA) kicks off earnings season
Businessweek.com

Stocks drop after new record for oil prices
The rising price of oil has sent Wall Street falling sharply once again. Crude oil reached a new record above $144 a barrel, stirring fresh concerns in the stock market about inflation pressures on the economy. Beyond oil, General Motors Corp. fell after a...
San Francisco Chronicle

Report: Microsoft readies new try for Yahoo
Microsoft is looking for new partners to join in a fresh bid for Yahoo, according to The Wall Street Journal.
Computerworld

What Exactly Is A Bear Market?
The bear's brief visit to Wall Street didn't last through the closing bell Tuesday, but the downturn left a mark on investor confidence. How does a bear market change the way we think about the overall economy?
NPR

How to finance home improvements
Despite the uncertainty in the housing market, 3.25 million of us plan to move home over the next year or so, according to research from Alliance & Leicester (A&L). While the number may be a bit of a shock, it certainly isn't a surprise to learn that while waiting to put their home on the market, many would-be movers plan to improve their home to make it more attractive to potential buyers and get the best price. Before you start knocking walls down or converting the loft, you need to find out what buyers are looking for and what will add to the value of the property.
moneyextra.com

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