Stocks stumble on financial, economic woes

Date: Thu, 13 Mar 2008 16:01:03 (GMT)
Stocks stumble on financial, economic woes

U.S. stocks fall on news a fund managed by the Carlyle Group is close to
collapse, while weak February retail sales data fuel concerns the
economy is already in recession.

Paulson prescribes tough medicine for Wall Street

Treasury Secretary Henry Paulson prescribes some tough new medicine for
Wall Street to try to ensure that the current fever of market turmoil is
not repeated.

Metals Stocks: Gold futures soar above $1,000 an ounce

Gold futures briefly break the psychologically important level of $1,000
an ounce, propelled by ongoing dollar weakness and bleak news from the
financial sector.

Carlyle Capital on verge of collapse as talks break down

Carlyle Capital, the bond fund affiliated with private equity firm The
Carlyle Group, is on the verge of collapse after failing to agree a new
financing deal with lenders.

Currencies: Dollar notches 12-year low against yen in broad-based
retreat

Renewed fears of financial turmoil send the U.S. dollar plunging against
the Japanese yen and other major currencies.