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Asian Stocks Rise On U.S. Bank Plan Asian stock markets extended their rally after Wall Street surged on hopes a U.S. plan to rid banks of festering debts at the heart of the financial crisis will revive growth. European markets were mixed in early trade. CBS NewsWall Street expected to pull back after Monday`s surgeThe Globe and Mail Traders Give Pause After Treasury Rally (Market Update) News at a GlanceHitting the Hill: Bernanke and Geithner to address House.Not So Fast: Stock futures point to lower open after rally.Crude Slips: Oil takes a step back before the opening bell.Stepping Down: Several AIG financials execs leaving firm.The LowdownThe euphoria on Wall Street has worn off.A day after the major indexes surgerd on the Treasury's plan to cleanse banks of as much as $1 trillion of their bad assets, stocks looked to open a bit lower, as traders awaited more information about the program. Shortly before 6 a.m., Dow, Nasdaq and S&P 500 futures were trading below fair value.Treasury Secretary Timothy Geithner and Federal Reserve chairman Ben Bernanke will discuss the plan, as well as executive compensation, when they address the House Financial Services Committee later this morning.Geithner broke out the details of his plan to help banks shed their toxic holdings in a hybrid sale to the public backed by the government.Financials may also be influenc Smart MoneyHotels Take New Tack To Lure Convention-Goers Tourism is down in Florida, and convention hotels have taken a big hit. A major reason is the new austerity adopted by corporations — especially financial services companies. Several big conferences have been canceled, forcing hotels to cut costs and adopt new marketing that downplays the amenities and luxuries that have made the resorts so popular. NPRJapan Extends Ban on Naked Short-Selling Japan extends its ban on naked short selling to the end of July as the country's share markets remain shaky. Wall Street JournalMetro 2008 net profit falls 51 percent FRANKFURT (AP) - German retailer Metro AG said Tuesday its 2008 net profit fell sharply and that it expects 2009 sales growth to be markedly below target, negatively affecting earnings for the year. AOLAustralian shares close higher The Australian stock market has closed higher after a strong lead from the US and gains in the resources sector. CnetAsian markets extend global rally HONG KONG (Reuters) -- Asia stocks struck two-month highs on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick... bignewsnetwork.comForex - Markets Rally on Enthusiasm Over Treasurys Plan - Forex Hound Forex - Markets Rally on Enthusiasm Over Treasurys PlanForex Hound, NYMarkets responded positively to yesterday's US Treasury Department proposed Public-Private Investment Program. The Samp;P rose a massive 7.1, while the AUDUSD has broken strongly through the 0.7000 level (currently trading at 0.7040), as risk appetite ... Info 5000Price is right for many first-time home buyers Falling home prices pushed up South Florida sales in February as bargains on foreclosures drew in new buyers despite fears of a worsening recession. Big News Network1 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]