Yahoo! News: Business
Citigroup shares plummet 25 percent despite Alwaleed move
(Reuters)
Reuters - Citigroup Inc`s largest individual investor gave the troubled bank new support, saying he would boost his stake modestly, but failed to revive investor confidence as the bank`s shares tumbled another 25 percent.
Stocks rout sends S&P 500 to six-year low
(Reuters)
Reuters - Stocks extended their slide on Thursday, sending the benchmark S&P 500 index (.SPX) to its lowest in more than six years, as the latest data showed the economy sinking more and investors worried about possible failures by U.S. automakers without a government bailout.
U.S. bank shares plummet
(Reuters)
Reuters - Shares of U.S. banks fell on Thursday. Highlights:
Philly Fed November factory activity hits new 18-year low
(Reuters)
Reuters - Factory activity in the U.S. Mid-Atlantic region fell to another 18-year low in November, a survey showed on Thursday.
JPMorgan cuts investment banking jobs: sources
(Reuters)
Reuters - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday.
SKorean stocks fall sharply after Wall Street drop
(AP)
AP - South Korean stocks fell for an eighth straight session Thursday, and the won dropped against the U.S. dollar to levels not seen in more than a decade, as a sell-off on Wall Street and worries about the world economy shook investors.
The Bank Terrorist
(Investor`s Business Daily)
Investor`s Business Daily - Housing: For years, a self-described "bank terrorist" blackmailed banks into making bad home loans in our inner cities. Now those loans are defaulting by the millions, and he`s blaming banks.
Children`s Place profit up
(Reuters)
Reuters - Children`s Place Retail Stores Inc`s quarterly profit almost doubled, driven by higher sales and improved gross margins, but the apparel retailer said it expects a challenging holiday season.