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Stocks suffer their worst week since November A late-day rally can't undo the damage from earlier in the week. Unemployment hits a 25-year high. Apple slumps on a downgrade. Wells Fargo slashes its dividend. Coca-Cola will invest in China. MSNGeorgia bank closed in 17th failure of 2009 SAN FRANCISCO (MarketWatch) -- Commerce, Ga.-based Freedom Bank of Georgia was closed by regulators Friday, marking the 17th bank failure of the year, the Federal Deposit Insurance Corporation said in a statement. Lavonia-based Northeast Georgia Bank has assumed all of the failed bank's deposits, the FDIC said. As of March 4, Freedom Bank of Georgia had roughly $173 million in assets and $161 million in deposits. The FDIC estimated the cost of Freedom Bank's failure to its deposit insurance fund will be $36.2 million. 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.comUS stocks rally on oil prices rise New York, March 7 : A jump in oil prices sparked a major rally in the final hour of trading on Wall Street Friday, helping US stocks close higher on a day that saw unemployment surge to its highest le... bignewsnetwork.comTaiwan stocks up 0.4%; AU Optronics down 1.1% TAIPEI, Taiwan -- Taiwan's Taiex index added 16.43 points, or 0.4 percent, to 4,653.63 at the close of trade in Taipei. The measure added 2.1 percent for the week, the second consecutive weekly advanc... Big News NetworkNew Online Service Offers Tweet Deal For Stock Pickers (Investor`s Business Daily)yahoo.com Panda Ethanol, Inc. to Deregister With the SEC (PR Newswire) Panda Ethanol, Inc. announced today that on or about March 30, 2009, it intends to file a Form 15 with the Securities and Exchange Commission to deregister its common stock under Section 12 of the Securities Exchange Act of 1934, as amended, and suspend the company's reporting obligations under Sections 13 and 15 of the Exchange Act. yahoo.comWeekend Investor: Schwab, Pimco could put ETFs into every investor`s portfolio More investors are turning to exchange-traded funds for index-matching results, a trend that's on the verge of reaching critical mass with the imminent arrival of Charles Schwab and Pimco as ETF players. MarketWatch.com |
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