Financial Markets

Dollar edges off 8-month peak on profit-taking

reuters.com     6 hrs ago   153 related          

By Rika Otsuka TOKYO (Reuters) - The dollar edged down on Thursday, slipping from an eight-month high against a basket of currencies as investors booked profits on the U.S. currency's surge this month. Persistent worries that a...                    

Investor Jitters Deflate Fannie, Freddie Shares

washingtonpost.com     5 hrs ago   130 related          

Shares of Fannie Mae and Freddie Mac tumbled more than 20 percent yesterday, hitting their lowest levels in nearly two decades, as investors fled out of fear that a government initiative to save the ailing mortgage giants could...                    

Wall Street finishes erratic day higher

iht.com     10 hrs ago   187 related          

Wall Street scored a moderate gain after a volatile session Wednesday that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector. Concerns about mortgage...                    

Pressure on Lehman to take action is growing

msn.com     8 hrs ago   76 related          

Shareholders dumping stock amid predictions of impending $4 billion loss NEW YORK - There is rising speculation — most of it negative — about its short-term prospects, leading more investors to bail out of Lehman stock, which...                    

Some eBay sellers frustrated with rule changes

msn.com     11 hrs ago   89 related          

Efforts aimed at making auction site more attractive to online shoppers EBay has been rejigging its vast Internet marketplace in the hopes of turning around a troubling trend: Its number of active users is barely rising. One...                    

First Trust/Four Corners Senior Floating Rate Income Fund Declares Monthly Common Share...

yahoo.com     10 hrs ago   22 related          

LISLE, Ill.----First Trust/Four Corners Senior Floating Rate Income Fund has declared the Fund's regularly scheduled monthly common share distribution payable on September 15, 2008 to shareholders of record on September 4, 2008.                    

Limited Brands adjusted profit surges on cost controls

reuters.com     10 hrs ago   38 related          

SAN FRANCISCO (Reuters) - Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 9.5...                    

New York AG intensifies auction-rate debt probe

washingtonpost.com     7 hrs ago   40 related          

NEW YORK (Reuters) - New York's state attorney general office on Wednesday intensified its probe into auction-rate debt focusing on Bank of America Corp, Goldman Sachs and Deutsche Bank AG, while issuing a warning to brokerages.                    

FundWatch: SEC data upgrades will help investors better measure funds

marketwatch.com     10 hrs ago   18 related          

Investors will have a quick and easy way to compare information about different mutual funds under plans being put into action by the Securities and Exchange Commission. The SEC has unveiled new software that will allow...                    

Wholesalers Hit By Inflation

forbes.com     4 hrs ago   27 related          

BJ's Wholesale Club couldn’t make investors happy on Wednesday despite an increase in earnings and revenues in a down market. The wholesale sector has continued to attract consumers with low prices, but it's getting hurt by...                    

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