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Wall Street hurt by auto bailout anxiety and financials
NEW YORK (Reuters) - Stocks fell on Thursday on dimming prospects for an automaker bailout, while bleak comments about the banking sector from JPMorgan's chief executive prompted investors to sell financial shares.
Reuters

Treasury demand drives 0% yields, bond rally; Is it a bubble?
Bond buyers' willingness to lend Uncle Sam money at zero percent -- that is, for free -- makes holders of Treasurys and Treasury-focused mutual funds some of the few happy investors on Wall Street.
MarketWatch.com

Martek 4Q profit drops, meets Wall Street forecast
COLUMBIA, Md. (AP) - Martek Biosciences Corp., which sells nutritional oils and dietary supplements, said Thursday its fiscal 2008 fourth-quarter profit fell on a lower tax benefit from a year earlier, while infant formula sales drove a boost in revenue.
AOL

WSJ: BofA, Merrill Begin Research Layoffs
CHARLOTTE, N.C. (AP) -- Bank of America Corp. and Merrill Lynch & Co. on Thursday began laying off employees in their U.S. equity-research departments, The Wall Street Journal reported on its Web site Thursday, citing unnamed sources....
Hispanic Business

Katzenberg pitches 3D to Wall St.
Business News: DWA plans next 'Madagascar' film for 2012 -- DreamWorks Animation chief Jeffrey Katzenberg and his top lietenants touted 3D as a tonic for Hollywood during a three-hour pitch to Wall Street analysts Thursday.
Variety

Wall Street tumbles as U.S. dollar dives
U.S. stocks dipped Thursday as commodity prices rose.
bignewsnetwork.com

Wall Street falls amid auto bailout worries
Wall Street's anxiety about Detroit automakers welled up in late trading Thursday, sending stocks sharply lower as investors questioned whether a bill to rescue the companies would pass the Senate. Prospects for the $14 billion of loans to cash-starved...
San Francisco Chronicle

Investment banking: Wall Street`s annus horribilis
Next year will be little better than this one for investment bankers. Their long-term future is none too bright eitherIT IS scant consolation to the thousands who have lost their jobs in finance, but the next generation wants to be better prepared. Some 200,000 students have signed up to play “Wall Street Survivor”, an online stockmarket-simulation game.Investment bankers are also focused on survival, but in the real world. Of Wall Street’s five big securities firms, only Goldman Sachs and Morgan Stanley remain. After an infusion of government capital they have become banks and are now trying to work out how—even whether—they will make money again. ...
Economist

Wall Street recovers on energy advance
NEW YORK (Reuters) - The Dow and the S&P 500 turned positive on Thursday as rising oil prices lifted energy shares, tempering worries about the fate of legislation to bail out troubled U.S. automakers.
Reuters

Wall Street fluctuates amid auto bailout worries
NEW YORK (AP) -- Wall Street took a cautious stance Thursday, leaving stocks narrowly mixed as investors questioned whether a bill to rescue Detroit's carmakers would pass the Senate....
The Arizona Republic

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