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Stocks Brace For New President Amid Earnings Deluge The inauguration of President-elect Barack Obama might be the only boost for Wall Street next week, as a deluge of what are expected to be mostly bad corporate results and fresh reports on the state... bignewsnetwork.comU.S. government mulls state-run `bad bank,` WSJ reports SAN FRANCISCO (MarketWatch) -- The U.S. government is considering new ways to steady the financial system, including the possible creation of a state-run 'bad bank' that would buy troubled assets from struggling lenders, the Wall Street Journal reported late Friday. Officials at the Treasury, Federal Reserve and Federal Deposit Insurance Corp., in consultation with the incoming Obama administration, are discussing a range of options because they realize the banking crisis is larger than originally thought, the newspaper explained. Another possible solution would standardize efforts to have the government guarantee banks' assets against further losses, the Journal added.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. MarketWatch.comCiti splitting in two - $8.3B loss Citigroup reported a much bigger-than-expected $8.3 billion quarterly loss Friday, while the beleaguered bank also revealed plans to split up into two businesses, effectively bringing an end to the company's 'financial supermarket' model. CNN MoneyUrban poor burden Obama with unlimited hope Expectation runs unbridled among those most hurt by the housing bubble and job losses, reports John Reed Financial TimesReport: Layoffs looming at Clear Channel The radio and billboard company with the largest presence in Tampa could scale back operations and lay off employees, according to a report Friday that Clear Channel Communications Inc. is looking to shed about $400 million in costs. Bizjournals.comBig losses intensify turmoil for banks The turmoil in global banking intensified as Citigroup and Merrill Lynch - owned by Bank of America - reported huge losses and shares in Britain's Barclays plummeted amid fears it might need more capital Financial TimesGold Glitters While SP 500 SagsMr. Swing Merrill`s loss puts BofA`s federal aid into context Bank of America reported a loss of $2.4bn in the fourth quarter and disclosed that Merrill Lynch, which it acquired this month, lost $15.5bn separately in the same period FT.comUPDATE 1-Microsoft CEO and Yahoo Chairman have met - reports SAN FRANCISCO, Jan 16 (Reuters) - Microsoft Corp chief executive Steve Ballmer and Yahoo Inc ChairmanRoy Bostock met in New York this week, according to mediareports. ReutersMicrosoft CEO and Yahoo Chairman have met - NYT SAN FRANCISCO, Jan 16 (Reuters) - Microsoft Corp chief executive Steve Ballmer and Yahoo Inc ChairmanRoy Bostock met in New York this week, the New York Timesreported on Friday, citing a person briefed on the meeting. Reuters1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]