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Lawmaker seeks payment from BofA
A high-ranking lawmaker called on Bank of America chief Ken Lewis to pay the federal government for the right to exit an insurance programme that back-stopped $118bn in toxic assets, even though Mr Lewis told investors two months ago that the programme was no longer needed.
FT

Hang Seng opens 2.36pc up
(1 hr 25 mins ago) Hong Kong share prices opened 2.36 percent higher, with the benchmark Hang Seng Index rising 430.21 points to 18,688.87 in the first few minutes of trading. AGENCE FRANCE-PRESSE
India Gazette

John Terry `Not For Sale`
The chief executive of Chelsea football club has told Sky News that captain John Terry will stay at the club. Speaking on Jeff Randall Live, Peter Kenyon moved to assure fans that the star player wo...
BBC

Short Sellers Being Stomped
A picture tells a thousand words I am anxiously awaiting to see how many shorts I...
Mr. Swing

A HINT OF THINGS TO COME
If deflations still a threat, it wasnt obvious in todays update of consumer prices for June...
Mr. Swing

Fuel bumped Utah cost of living in June, but economists say inflation not a concern
The Utah and national economies continue to falter, but at least consumers don't have to worry about rising prices. The cost of living along the Wasatch Front rose 0.
The Salt Lake Tribune

Why Gold's Price Rose in the Great Depression
eep coming back to this theme because the non-Keynesian, hard-money deflationists keep pitching the same old deliberately deceptive statement: 'Gold's price rose in the Great Depression.' They tell their readers to buy gold. These people never respond to
Mining.com

It`s a Trader`s World, We`re Just Living In It
Fixed income exhibited real weakness today. Benchmark yields were notably higher, interest rate options volatility ticked up yet again, 'rate sheet influential MBS' prices fell 23 ticks to 9...
Big News Network

Gold, silver prices surge on economic data
By Alan Fein (AXcess News) New York - Gold futures surged Wednesday after economic data gave way to chances of the recession improving and with it a demand for commodities. Silver contracts outpaced gold prices and copper prices surged. Gold futures were
Mining.com

Natural-Gas Prices Slide as a Key ETF Can`t Buy
U.S. Natural Gas Fund's failure so far to win regulatory approval to issue new shares has prevented the exchange-traded fund from buying new contracts, weighing on gas prices.
Wall Street Journal

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Archived "business - prices told" news stories.

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