Breaking News: AP reports actor Paul Newman dies at 83

Date: Sat, 27 Sep 2008 09:03:57 -0500

NEW HAVEN, Conn. (AP) - A spokeswoman for screen legend Paul Newman says
the actor has died at age 83. Spokeswoman Marni Tomljanovic says Newman
died Friday of cancer. No other details were immediately available.

Markets Friday, 09/26/2008

Friday, 9/26/2008

| Dow : 11143.13 up 121.07

| S & P : 1213.27 up 4.09

| NASDAQ: 2183.34 down 3.23

| B ond (10Y): 3.85%, 101.13

MARKETS:
Stocks recover as bailout fears ease
The Dow rallies and broader market erases most of its losses as concerns
ease about the $700 billion bank bailout plan.

Bailout talks advance as Bush, Democrats turn optimistic

Date: Fri, 26 Sep 2008 17:04:07 -0400
Bailout talks advance as Bush, Democrats turn optimistic

Washington bargaining on the bailout package presses ahead, as House
Republicans return to the negotiating table and lawmakers said they'll
put off a scheduled recess to complete work on the $700 billion
package.

WaMu fails, sold to J.P. Morgan Chase for $1.9 billion

In the largest bank failure in U.S. history, Washington Mutual Inc.
succumbed Thursday to the fallout from the subprime mortgage crisis, was
seized by federal regulators and rapidly acquired by J.P. Morgan Chase
for $1.9 billion.

Market Snapshot: U.S. stocks end with weekly losses on bailout
uncertainty

U.S. stock indexes are mixed with investors adopting a tentative
approach amid the political haggling over the administration's rescue
plan for the financial sector in the midst of the nation's largest bank
failure on record.

Economic Report: Second-quarter GDP growth revised to 2.8% in final
estimate

Growth in the U.S. economy for the second quarter gets revised lower, to
a 2.8% annual rate, held back by weaker spending by consumers and
businesses alike, according to the Commerce Department's final estimate
of growth.

Research In Motion sinks on disappointing forecast

Shares of Research In Motion tumble more than 25% Friday after the
company reports a surge in second-quarter earnings but spooked investors
worried about its growing expense line.

Stocks decline on bailout doubt, WaMu failure

Date: Fri, 26 Sep 2008 12:03:04 -0400
Stocks decline on bailout doubt, WaMu failure

U.S. stock indexes follow energy and financial stocks lower as President
Bush renews his push for passage of his hotly debated rescue plan in the
midst of the nation's largest bank failure on record.
Bush vows financial rescue plan will be passed

President Bush says his administration and lawmakers will complete a
rescue plan for the nation's battered financial markets despite
simmering differences between congressional Republicans and Democrats
over the $700 billion package.

Research In Motion sinks on disappointing forecast

Shares of Research In Motion tumble more than 20% in premarket trading
after the company reports a surge in second-quarter earnings but spooks
investors worried about its growing expense line.

Central banks scramble as money-market tensions mount

The world's central banks take fresh steps aimed at avoiding a collapse
of the crucial interbank lending market as nervous banks remain
reluctant to lend to each other.

Stocks open sharply lower as bailout talks set to resume amid a partisan split, and investors digest JPMorgan's buy of WaMu.

Date: Fri, 26 Sep 2008 09:32:19 -0400

Stocks open sharply lower as bailout talks set to resume amid a partisan
split, and investors digest JPMorgan's buy of WaMu.

Wachovia stock plunges as much as 28%, feeling heat from Wamu's failure

Date: Fri, 26 Sep 2008 09:48:22 -0400

Wachovia stock plunges as much as 28%, feeling heat from Wamu's failure

JP Morgan Chase buys Washington Mutual bank in FDIC brokered deal - 13th bank failure this year. Regulator: Deposits protected.

Date: Thu, 25 Sep 2008 21:13:04 -0400

JP Morgan Chase buys Washington Mutual bank in FDIC brokered deal - 13th
bank failure this year. Regulator: Deposits protected.

High stakes talks on Capitol Hill over $700 billion bailout end in chaos a day after President Bush warns 'entire economy at risk.'

Date: Thu, 25 Sep 2008 22:23:04 -0400

High stakes talks on Capitol Hill over $700 billion bailout end in chaos
a day after President Bush warns 'entire economy at risk.'

U.S. GDP revised down to 2.8% growth in second quarter

Date: Fri, 26 Sep 2008 08:35:54 -0400

U.S. GDP revised down to 2.8% growth in second quarter

Breaking News Thu., September 25, 2008

Date: Thu, 25 Sep 2008 15:27:32 -0700

TREASURY SECRETARY HENRY PAULSON FEARS BAILOUT DEAL MAY COLLAPSE; PLEADS
WITH DEMS, 'PLEASE DON'T BLOW THIS UP'.

Markets Thursday, 09/25/2008

Thursday, 9/25/2008

| Dow : 11022.06 up 196.89

| S & P : 1209.18 up 23.31

| NASDAQ: 2186.57 up 30.89

| Bond (10Y): 3.85%, 101.16

MARKETS:
Stocks rise on rescue plan
Investors welcomed reports that Congress has essentially agreed on the
terms of the $700 billion bank bailout plan.

Research In Motion sees earnings jump; forecast disappoints

Date: Thu, 25 Sep 2008 17:03:32 -0400
Research In Motion sees earnings jump; forecast disappoints

Research In Motion net income soars 72% for its second fiscal quarter on
strong sales of its BlackBerry wireless devices.

Bush, congressional leaders, candidates meet on rescue bill

In an effort to push through a massive bill to bail out the shattered
financial sector, President Bush meets with congressional leaders and
presidential candidates at the White House, with the president
expressing hope an agreement can be reached "very shortly."

Capitol Report: Quick Fed rate cut on table

A quick rate cut in coming days in the wake of the expected passage of a
massive federal bailout for the financial industry is definitely on the
table, several Fed watchers say.

GE cuts profit view, halting buyback to keep AAA rating

General Electric lowers its 2008 earnings forecast and halts stock
buybacks to reinforce its AAA credit rating, but the quarterly dividend
will be maintained at current levels through 2009.

Dow jumps by 304 points on news that lawmakers have reached agreement on a bailout proposal.

Date: Thu, 25 Sep 2008 13:44:04 -0400

Dow jumps by 304 points on news that lawmakers have reached agreement on
a bailout proposal.

Breaking News: Hill leaders say bailout deal reached in principle

Date: Thu, 25 Sep 2008 12:29:02 -0500

WASHINGTON (AP) - Key lawmakers have reported an agreement in principle
on a bailout of the financial industry designed to avert a deeper
economic crisis.

Pelosi says rescue package will be passed, but not when

Date: Thu, 25 Sep 2008 11:13:34 -0400

Pelosi says rescue package will be passed, but not when
9/25/2008 11:10:00 AM

Rate for 30-year mortgages jumps to 6.09% from 5.78% last week

Date: Thu, 25 Sep 2008 10:36:00 -0400

Rate for 30-year mortgages jumps to 6.09% from 5.78% last week
9/25/2008 10:32:38 AM

Dow surges more than 200 points amid optimism that the government's $700 billion bailout plan is nearing approval.

Date: Thu, 25 Sep 2008 10:14:03 -0400

Dow surges more than 200 points amid optimism that the government's $700
billion bailout plan is nearing approval.

GE cuts outlook for third-quarter and full-year results, citing 'unprecedented weakness and volatility.'

Date: Thu, 25 Sep 2008 07:04:03 -0400

GE cuts outlook for third-quarter and full-year results, citing
'unprecedented weakness and volatility.'

Government reports sales of new homes in August tumbled a more-than-expected 11.5% - slowest pace in 17 years.

Date: Thu, 25 Sep 2008 10:04:03 -0400

Government reports sales of new homes in August tumbled a
more-than-expected 11.5% - slowest pace in 17 years.

Claims for initial unemployment benefits show surprise jump to 493,000 last week - highest in 7 years, Dow Jones reports.

Date: Thu, 25 Sep 2008 08:33:03 -0400

Claims for initial unemployment benefits show surprise jump to 493,000
last week - highest in 7 years, Dow Jones reports.

U.S. durable-goods orders drop more than expected, down the most since January

Date: Thu, 25 Sep 2008 08:34:51 -0400

U.S. durable-goods orders drop more than expected, down the most since
January
9/25/2008 8:31:16 AM

Dow Industrials sprint to quick 100-point advance on rescue-plan optimism

Date: Thu, 25 Sep 2008 09:35:52 -0400

Dow Industrials sprint to quick 100-point advance on rescue-plan
optimism
9/25/2008 9:32:36 AM

Markets Wednesday, 09/24/2008

Wednesday, 9/24/2008

| Dow : 10825.17 down 29.00

| S & P : 1185.87 down 2.35

| NASDAQ: 2155.68 up 2.35

| Bond (10Y): 3.80%, 101.56

MARKETS:
Debate keeps Wall Street on edge
Stocks end a choppy session mixed on concerns about whether the bank
bailout plan will pass and with what provisions.

U.S. stocks end mostly lower on concern about bailout

Date: Wed, 24 Sep 2008 17:03:46 -0400
U.S. stocks end mostly lower on concern about bailout

U.S. stocks close mostly lower as indecision over the Bush
administration's bank bailout plan weighs on investors, offset somewhat
by optimism over Warren Buffett's deal to buy a stake in Goldman Sachs
Group.

McCain to 'suspend' campaign, join bailout talks

Sen. John McCain says he's temporarily canceling campaign events to
return to Washington and join talks on the Treasury's proposed $700
billion rescue package for the U.S. financial system.

Wheeling and dealing continues on Paulson plan

Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke work
feverishly to garner support for their plan to buy up to $700 billion in
toxic debt because of the grave threat faced by a severe credit crunch.

Bond investors more hopeful for rescue than worried about debt

Bush's proposed rescue plan for financial company debt is being taken in
stride by holders of the nation's bonds as a necessary solution to the
crisis spreading around the globe, analysts say.

Buffett sees some form of Paulson plan passing

Billionaire investor Warren Buffett believes some form of Treasury
Secretary Henry Paulson's rescue plan for the U.S. financial system will
pass Congress.

Stocks end flat as investors monitor lawmakers' grilling the Bush administration about its bailout proposal.

Date: Wed, 24 Sep 2008 16:02:08 -0400

Stocks end flat as investors monitor lawmakers' grilling the Bush
administration about its bailout proposal.

Blue-chip stocks close lower, but recover from sharp losses

Date: Wed, 24 Sep 2008 16:12:18 -0400

Blue-chip stocks close lower, but recover from sharp losses
9/24/2008 4:09:02 PM

Treasury's Paulson accepts limits on executive pay under bailout plan

Date: Wed, 24 Sep 2008 15:08:05 -0400

Treasury's Paulson accepts limits on executive pay under bailout plan
9/24/2008 3:05:01 PM

Breaking News

Date: Wed, 24 Sep 2008 12:00:18 -0700

John McCain suspends campaigning to work on economy, requests postponing
Friday debate; asks Obama do the same.

U.S. stock indexes waver as lawmakers hear more on bailout

Date: Wed, 24 Sep 2008 12:02:50 -0400
U.S. stock indexes waver as lawmakers hear more on bailout

U.S. stock indexes pull tentatively higher amid investor impatience for
a government bailout for banks and cheer over billionaire Warren
Buffett's deal to buy a $5 billion stake in investment bank Goldman
Sachs Group Inc.

Financial Stocks: Goldman highlights as Buffett buys in, but financials
dip

Most U.S. financial stocks dip, but news of Berkshire Hathaway's move to
invest up to $10 billion in Goldman Sachs inject hope into the sector.

Goldman Sachs shares gain in reaction to Buffett's investment

Billionaire Warren Buffett's Berkshire Hathaway plans to invest as much
as $10 billion in Goldman Sachs Group as the venerable Wall Street firm
transforms itself into a more-stable banking business. Shares of both
companies make early gains.

Buffett sees some form of Paulson plan passing

Billionaire investor Warren Buffett believes some form of Treasury
Secretary Henry Paulson's rescue plan for the U.S. financial system will
pass Congress.

Fed takes aim at money markets via $30 billion in swap lines

The Federal Reserve establishes new currency swap lines with central
banks in Australia, Sweden, Denmark and Norway as it continues to boost
dollar liquidity and fight tight money-market conditions.

Sales of existing homes fell 2.2% in August to an annual rate of 4.91 million, slightly lower than forecasts, Realtors group says.

Date: Wed, 24 Sep 2008 10:05:05 -0400

Sales of existing homes fell 2.2% in August to an annual rate of 4.91
million, slightly lower than forecasts, Realtors group says.

Fed's Bernake stays neutral on U.S. interest rates despite market upheaval

Date: Wed, 24 Sep 2008 10:03:34 -0400

Fed's Bernake stays neutral on U.S. interest rates despite market
upheaval
9/24/2008 10:00:28 AM

Bernanke warns the current Wall Street crisis may drag the U.S. economy into a deeper downturn and urges swift action on bailout.

Date: Wed, 24 Sep 2008 10:01:05 -0400

Bernanke warns the current Wall Street crisis may drag the U.S. economy
into a deeper downturn and urges swift action on bailout.

Goldman Sachs doubles size of common-stock offering to $5 billion; shares gain

Date: Wed, 24 Sep 2008 09:38:46 -0400

Goldman Sachs doubles size of common-stock offering to $5 billion;
shares gain
9/24/2008 9:35:41 AM

Stocks open higher after Buffett announces a $5B investment in Goldman Sachs; investors await further testimony about bailout.

Date: Wed, 24 Sep 2008 09:32:08 -0400

Stocks open higher after Buffett announces a $5B investment in Goldman
Sachs; investors await further testimony about bailout.

Markets Tuesday, 09/23/2008

Tuesday, 9/23/2008

| Dow : 10854.17 down 161.52

| S & P : 1188.22 down 18.87

| NASDAQ: 2153.33 down 25.65

| Bond (10Y): 3.80%, 101.53

MARKETS:
Stocks tumble at the close
Wall Street ends a volatile session lower as investors consider the
Senate hearing on the proposed bank bailout.

U.S. stocks end sharply lower amid rescue plan indecision

Date: Tue, 23 Sep 2008 17:03:54 -0400
U.S. stocks end sharply lower amid rescue plan indecision

Stocks brush off earlier gains to fall solidly lower as investors await
the outcome of Treasury Secretary Henry Paulson's testimony on Capitol
Hill, with lawmakers haggling over the $700 billion bailout plan
designed to relieve banks of bad debt.

Capitol Report: Bernanke rides to rescue of Paulson's debt plan

Fed Chairman Ben Bernanke rides to the rescue of Treasury Secretary
Henry Paulson in selling the government's proposed $700 billion bailout
for financial markets to skeptical lawmakers.

Administration's rescue plan hits speed bump in Congress

The biggest financial bailout in American history hits a speed bump as
members of the Senate begin to balk at quick action to pass the measure,
saying the massive bailout requires more careful discussion and
consideration. Top administration officials stand their ground in making
the case for quick passage.

Washington Mutual reportedly on hook to find buyers

As the Treasury Department struggles to justify a $700 billion bailout
of the nation's financial system, troubled Washington Mutual reportedly
is under the gun to avoid the same fate to find new ownership and steer
clear of government intervention.

Telecom Report: Google phone is nice but not a game-changer

Plain-vanilla wireless carrier T-Mobile USA is now taking a Ben &
Jerry's approach with an exotic new flavor, but the company's shift in
strategy is unlikely to convert many rival customers to its cause.

U.S. stocks plunge in volatile trading as lawmakers probe for details of bailout plan

Date: Tue, 23 Sep 2008 16:04:29 -0400

U.S. stocks plunge in volatile trading as lawmakers probe for details of
bailout plan
9/23/2008 4:01:08 PM

U.S. stock indexes rise as lawmakers mull $700 billion bailout

Date: Tue, 23 Sep 2008 12:03:03 -0400
U.S. stock indexes rise as lawmakers mull $700 billion bailout

Stocks edge higher with investors glued to Treasury Secretary Henry
Paulson's testimony on Capitol Hill as lawmakers haggle over the $700
billion bailout plan designed to clear banks of bad debt.

Retailers' holiday could shake out to be worst in six years: NRF

U.S. retailers, facing economic and financial market woes that have hurt
shoppers' confidence, may be bracing for their worst holiday season in
six years, according to trade group National Retail Federation.

Bristol-Myers lifts bid for ImClone, plans proxy fight for board

Bristol-Myers Squibb Co. said on Tuesday that it increased its offer for
ImClone Systems Inc. to $62 a share cash from $60 and will take the
offer directly to shareholders of the New York oncology-drug
specialist.

Capitol Report: Echoes of Iraq in Bush's handling of mortgage 'surge'

Fairly or not, some critics say they can't help but see similarities
between the Bush administration's hurried approach to the financial
market crisis and its headlong plunge into the Iraq war.

Commodities Corner: Oil's $16 gain makes history, but its true test is
yet to come

Crude-oil futures made history Monday with the biggest daily dollar gain
ever seen on the New York Mercantile Exchange, but the true test for oil
is yet to come.

Dow industrials up nearly 120 points early Tuesday

Date: Tue, 23 Sep 2008 09:54:49 -0400

Dow industrials up nearly 120 points early Tuesday
9/23/2008 9:51:11 AM

Stocks open higher as investors tune into Paulson, Bernanke testimony calling for swift bailout action.

Date: Tue, 23 Sep 2008 09:32:08 -0400

Stocks open higher as investors tune into Paulson, Bernanke testimony
calling for swift bailout action.

Oil sees its biggest one day gain ever, settling up $16.37 to $120.92 a barrel as investors bid up the expiring futures contracts.

Date: Mon, 22 Sep 2008 14:56:04 -0400

Oil sees its biggest one day gain ever, settling up $16.37 to $120.92 a
barrel as investors bid up the expiring futures contracts.

Financial-sector gauge falls nearly 8% as U.S. stocks end deep in the red

Date: Mon, 22 Sep 2008 16:08:55 -0400

Financial-sector gauge falls nearly 8% as U.S. stocks end deep in the
red
9/22/2008 4:05:45 PM

Stocks sink on bailout plan worries, oil surge

Date: Mon, 22 Sep 2008 17:04:48 -0400
U.S. stocks sink on bailout plan worries, oil surge

Stocks give back some of their sharp gains from Friday, as the market
started digesting details of a $700 billion plan to take the bad assets
off ailing financial firms' balance sheets to stem the yearlong credit
crisis.

McCain, Obama trade barbs on financial rescue plan

The presidential candidates trade barbs on the campaign trail over the
nation's financial-rescue plan, with each accusing the other of inaction
and of failing to grasp what's needed in the crisis.

The end of Wall Street may mean less profit for Goldman, Morgan

For Goldman Sachs and Morgan Stanley, the benefits of being bank holding
companies may come at a cost.

Short-sale ban list expanded to include GE, GM, 28 others

Pushing on to shore up the markets, the list of banned short-sale stocks
has been expanded to include the likes of blue chips General Electric,
General Motors and American Express.

Microsoft sets largest-ever buyback plan; H-P, Nike follow suit

MIcrosoft annouces $40 billion share buyback, the largest on record.
Nike and Hewlett-Packard also approve repurchases.

Financial-sector gauge falls nearly 8% as U.S. stocks end deep in the red

Date: Mon, 22 Sep 2008 16:08:55 -0400

Financial-sector gauge falls nearly 8% as U.S. stocks end deep in the
red
9/22/2008 4:05:45 PM

Dow falls 377 points, crumpling after a day of skyrocketing oil prices, a tumbling dollar and mixed signals on the bailout plan.

Date: Mon, 22 Sep 2008 16:01:05 -0400

Dow falls 377 points, crumpling after a day of skyrocketing oil prices,
a tumbling dollar and mixed signals on the bailout plan.

Dow falls 377 points, crumpling after a day of skyrocketing oil prices, a tumbling dollar and mixed signals on the bailout plan.

Date: Mon, 22 Sep 2008 16:01:05 -0400

Dow falls 377 points, crumpling after a day of skyrocketing oil prices,
a tumbling dollar and mixed signals on the bailout plan.

Oil rally accelerates, rocketing to $130 a barrel

Date: Mon, 22 Sep 2008 14:34:13 -0400

Oil rally accelerates, rocketing to $130 a barrel
9/22/2008 2:30:13 PM

U.S. stocks fall as traders await bail-out details

Date: Mon, 22 Sep 2008 12:03:02 -040
U.S. stocks fall as traders await bail-out details

Stocks traded lower on Monday, as the market mulled available details on
a $700 billion government plan to take the bad assets off of ailing
financial firms' balance sheets.

Microsoft, Hewlett-Packard and Nike unveil big buyback plans

Hewlett-Packard, Microsoft and Nike all announce multibillion-dollar
programs to repurchase their stock -- moves that could help prop up
their shares at a time of general market weakness.

Currencies: Dollar pressured by price tag of U.S. financial bailout
plan

Sticker shock weighs down the dollar as financial markets sort through
the implications of the U.S. government potentially taking on $700
billion in debt to finance a massive bailout and stabilization of the
financial sector and money markets.

Goldman, Morgan to become holding companies

In yet another extraordinary development for Wall Street, the Federal
Reserve says late Sunday night that venerable investment banks Goldman
Sachs and Morgan Stanley will become bank holding companies, subjecting
themselves to stricter federal oversight.

U.K. house prices down 1% in September, Rightmove says

British house prices slipped another 1% in September as financial
turmoil hung over the mortgage market, Rightmove said Monday.

Stocks open down as Microsoft, HP announce buybacks, and Japanese firm says it plans to take up to 20% stake in Morgan Stanley.

Date: Mon, 22 Sep 2008 09:32:05 -0400

Stocks open down as Microsoft, HP announce buybacks, and Japanese firm
says it plans to take up to 20% stake in Morgan Stanley.

Japan's Mitsubishi UFJ Financial reportedly buying 10%-20% stake in Morgan Stanley

Date: Mon, 22 Sep 2008 08:54:46 -0400

Japan's Mitsubishi UFJ Financial reportedly buying 10%-20% stake in
Morgan Stanley
9/22/2008 8:51:11 AM

Breaking News Sat., September 20, 2008

Date: Sat, 20 Sep 2008 10:06:14 -0700

AT LEAST ONE U.S. MILITARY MEMBER FEARED AMONG DOZENS KILLED IN BLAST AT
PAKISTAN MARRIOTT HOTEL