AP - Authorities in the United Kingdom are investigating potential antitrust violations involving an unnamed Procter & Gamble Co. subsidiary, the consumer products company said Thursday in a Securities and Exchange Commission filing.
Source:P&G SEC filing confirms antitrust probes
(AP)
Tags: Stock Markets News
Posted in Stocks Mutual Funds
Reuters - Chinese central government departments
misused or mismanaged more than 46 billion yuan ($6.73 billion)
last year, including using disaster relief money to build
government offices and diverting funds to speculate in stocks,
the National Audit Office said on Thursday.
Source:Audit shows China's government mismanaged $6.7 billion
(Reuters)
Tags: Stock Markets News
Posted in Stocks Mutual Funds
AP - Federal regulators said Friday that investors who bought risky auction-rate securities from Merrill Lynch & Co. before the market for those bonds collapsed will be able to recover up to $7 billion under a new agreement.
Source:Merrill Lynch settlement with SEC worth up to $7B
(AP)
Tags: Stock Markets News
Posted in Stocks Mutual Funds
The Motley Fool - Make fun of the so-called “professional students” all you want. You know, the ones who, unlike the TAs, remember the original Dukes of Hazzard TV show. But would you be in a huge hurry to check out of the ivory tower and into debtors’ prison?
Source:Die, Student Loan, Die!
[...]
Tags: Personal Finance
Posted in Personal Finance
AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
Source:Stocks end [...]
Tags: Personal Finance
Posted in Personal Finance
Reuters - Personal income tumbled unexpectedly
in July and inflation-adjusted spending shrank at sharpest rate
in four years as the lift from government stimulus checks
waned, a government report on Friday showed.
Source:Consumer spending weakens as stimulus fades
(Reuters)
Tags: Personal Finance
Posted in Personal Finance
Reuters - Mortgage-finance company Fannie Mae
on Wednesday announced a management shake-up in an
effort to come to grips with mounting credit losses and a
shrinking capital base.
Source:Fannie Mae announces management shakeup
(Reuters)
Tags: Personal Finance
Posted in Personal Finance
AP - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for a third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.
Source:Fannie Mae shakes up management team
(AP)
Tags: Personal Finance
Posted in Personal Finance
AFP - Weak second-half earnings reported by major French banks on Thursday showed them now suffering from an economic slowdown in addition to further losses from the US subprime mortgage crisis.
Source:French bank profits hit by economic slowdown
(AFP)
Tags: Personal Finance
Posted in Personal Finance
BusinessWeek Online - The stock prices of mortgage giants Fannie Mae and Freddie Mac have cratered. The bottom of the worst housing slump since the Great Depression hasn’t been reached. Fears of inflation are mounting.
Source:Is It Time to Sell Your Foreign Stocks?
(BusinessWeek Online)
Tags: Personal Finance
Posted in Personal Finance
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