Archive for August 18th, 2008


RTT News
First Marblehead Stock Surges After Financing Is Set
New York Times - 47 minutes ago
By BLOOMBERG NEWS The Goldman Sachs Group completed an investment in the First Marblehead Corporation, a student-loan finance company, and the lender’s chief executive resigned, setting off a 71 percent gain in its stock price on Monday.
Student lender replaces its CEO Boston Globe
First Marblehead brings back founder amid woe$ Boston Herald
Bloomberg - Bizjournals.com - Forbes - Wall Street Journal
all 50 news articles

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Earthtimes (press release)
UPDATE 2-Lehman looking at asset management sale -sources
Reuters - 1 hour ago
By Megan Davies and Paritosh Bansal NEW YORK, Aug 18 (Reuters) - US investment bank Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is considering options, such as selling all or part of its asset management unit,
Lehman Mulls Sale of Money Management Unit New York Times
Lehman examines Neuberger Berman sell-off Financial Times
Forbes - Wall Street Journal - Motley Fool - BloggingStocks
all 102 news articles

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Forbes
American Consumer Satisfaction Slips, Portends Economic Woes
CNNMoney.com - 4 hours ago
The American Customer Satisfaction Index edged down in the second quarter despite big gains in online commerce, and the drop may signal more trouble ahead for the world economy.
Apple and Google score high on customer satisfaction San Jose Mercury News
Google still search leader in customer satisfaction Seattle Times
Los Angeles Times - Forbes - Greenville News - TechSpot
all 21 news articles

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Earthtimes (press release)
Asian Stocks Decline to Two-Year Low on Credit-Loss Concern
Bloomberg - 1 hour ago
By Chen Shiyin and Masaki Kondo Aug. 19 (Bloomberg) — Asian stocks fell, driving the region's benchmark index to a two-year low, on renewed concern credit-market turmoil will hurt profits at financial companies and curtail economic growth.
Stocks Slump In Light Trading Washington Post
Fear Mounts On Fannie And Freddie Forbes
CNNMoney.com - Reuters - Bizjournals.com - Financial Times
all 886 news articles

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The Standard
BOJ Says Economy Is `Sluggish,' Keeps Rate at 0.5% (Update1)
Bloomberg - 1 hour ago
By Mayumi Otsuma Aug. 19 (Bloomberg) — The Bank of Japan said it became more pessimistic about the outlook for the economy and kept interest rates at the lowest level among industrial nations.
HIGHLIGHTS-BOJ says economy sluggish on weak export growth Reuters
BOJ cuts economy view as global slump spreads guardian.co.uk
International Herald Tribune - AFP - Forbes - The Standard
all 90 news articles

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AFP
Bank of Japan Keeps Rate at 0.5%, Says Economy Is `Sluggish'
Bloomberg - 35 minutes ago
By Mayumi Otsuma Aug. 19 (Bloomberg) — The Bank of Japan kept interest rates on hold, saying the economy has been “sluggish'' because of rising costs and weakening exports.
Bank of Japan keep key interest rate steady International Herald Tribune
BOJ cuts economy view as global slump spreads guardian.co.uk
Reuters - AFP - RTT News - MarketWatch
all 58 news articles

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Boston Globe
UPDATE 1-Lehman looking at asset management sale -sources
Reuters - 42 minutes ago
By Megan Davies and Paritosh Bansal NEW YORK, Aug 18 (Reuters) - US investment bank Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is considering options, such as selling all or part of its asset management unit,
Lehman examines Neuberger Berman sell-off Financial Times
Lehman Mulls Sale of Money Management Unit New York Times
Forbes - Wall Street Journal - MarketWatch - Bloomberg
all 94 news articles

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BBC News
Venezuela Purchases Stakes in Lafarge, Holcim Units (Update2)
Bloomberg - 1 hour ago
By Daniel Cancel Aug. 18 (Bloomberg) — Venezuela reached an accord to buy majority stakes in the local units of Lafarge SA and Holcim Ltd.
UPDATE 4-Venezuela to seize cement plants in takeover fight Reuters
Chavez Cements Nationalization Drive Forbes
Wall Street Journal - AFP - guardian.co.uk - International Herald Tribune
all 149 news articles

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ABC News
Stocks Slump In Light Trading
Washington Post - 2 hours ago
By Heather Landy NEW YORK, Aug. 18 — Concern that Fannie Mae and Freddie Mac will need a government bailout pummeled the shares of the two mortgage-finance companies and dragged US stocks lower Monday.
* Futures hit 4-month high, aided by financial sector fears Reuters
Five-Year Swap Spread Tops 100 on Risk Aversion: Chart of Day Bloomberg