Saturday, November 01, 2008

Energy: VeraSun files for bankruptcy after corn spiked, credit tightened

Date: 1 NOV 2008 17:32:52 GMT

The recent retreat in corn prices came too late for one of the
nation's biggest ethanol producers, as the twin blows of high costs
and less credit pushed VeraSun Energy Corp. into bankruptcy.

Energy: Stocks in focus for Monday

Date: 1 NOV 2008 04:05:40 GMT

Among the companies whose shares are expected to see active trade in
Monday's session are MasterCard, Anadarko and Hartford.

Friday, October 31, 2008

Evening in Bowery, Chinatown

New York City, NY USA

Markets Friday, 10/31/2008

Date: Fri, 31 Oct 2008 17:31:05 -0400

|---------------------------------------------------------------------------|
| Dow : 9325.01 up 144.32 | S & P : 968.75 up 14.66 |
| NASDAQ: 1720.95 up 22.43 | Bond (10Y): 3.96%, 100.34
-----------------------------------------------------------------------------
MARKETS:
Strong end to a brutal month
Investors muster gains at the end of one of the worst months in Wall
Street history. Good news: Stocks rally this week.

NUMERS IN OBAMA'S FAVOR...

Date: Fri, 31 Oct 2008 17:01:43 -0400
NUMBERS IN OBAMA'S FAVOR GOING INTO FINAL WEEKEND

Going into the final weekend of 2008's long, arduous campaign, it
appears that Democrat Sen. Barack Obama will beat his Republican
opponent Sen. John McCain
_________________________________________________________
ECONOMIC REPORT: BIGGEST DROP IN CONSUMER SPENDING IN 4 YEARS IN SEPT.

Reluctance on the part of consumers to shop for big-ticket items like
cars led U.S. consumer spending in September to its biggest drop in
over four years.

October set a slew of trading records, mostly bad

Date: Fri, 31 Oct 2008 17:01:43 -0400
October set a slew of trading records, mostly bad
U.S. STOCKS FINISH WITH SOLID WEEKLY GAINS, BUT SLIDE ON MONTH

U.S. stocks advance for a second day to tally solid weekly gains but
post the worst month in decades, as investors bypass generally bleak
economic data to focus on improvement in the troubled credit markets.

NUMBERS IN OBAMA'S FAVOR GOING INTO FINAL WEEKEND

Going into the final weekend of 2008's long, arduous campaign, it
appears that Democrat Sen. Barack Obama will beat his Republican
opponent Sen. John McCain by as much as a 2-to-1 margin in electoral
votes.

THE FED: BERNANKE TURNS OVER 'ALTERNATIVE FORMS' FOR FANNIE, FREDDIE

The Federal Reserve chairman launches public debate over what the
government should do with Fannie Mae and Freddie Mac once the
financial-market crisis is over
.
ECONOMIC REPORT: BIGGEST DROP IN CONSUMER SPENDING IN 4 YEARS IN SEPT.

Reluctance on the part of consumers to shop for big-ticket items like
cars led U.S. consumer spending in September to its biggest drop in
over four years.

Stocks treated to an up week, with the Dow 157 points higher..

Date: Fri, 31 Oct 2008 16:04:04 -0400

Stocks treated to an up week, with the Dow 157 points higher at the
day's close, ending a brutal month on Wall Street.

Energy: Five oil majors ring up $45 billion in profit, setting records

Date: 31 OCT 2008 19:32:26 GMT
Five oil majors ring up $45 billion in profit, setting records

The five Western oil majors ring up a combined $45 billion in
third-quarter profits, heading into a recession with a bigger cash
cushion than most industries, but still facing uncertainty and fears
of leaner times ahead.

Home-value declines crimp consumers more...

Date: Fri, 31 Oct 2008 15:27:10 -0400
Home-value declines crimp consumers more than portfolio losses

Consumers react more to changes in their home values than changes in
their investment portfolios, according to a recent study.

In fact, real estate economists at UCLA and the University of Southern
California found that a 10% decline in housing wealth from the 2005
highs would result in a $105 billion, or 1.2%, drop in personal
consumption expenditures.That 10% decline in home values translates to
roughly a 1 percentage-point
reduction in real GDP growth, researchers said.

Crude finishes October down 32.6%, worst monthly drop on record

Crude finishes October down 32.6%, worst monthly drop on record
10/31/2008 3:00:30 PM EDT

Oil prices jumped at the end of the session, closing up $1.85 to $67.81, after spending most of the day in negative territory.

Date: Fri, 31 Oct 2008 14:58:04 -0400

Oil prices jumped at the end of the session, closing up $1.85 to
$67.81, after spending most of the day in negative territory.

Energy: October set a slew of trading records, mostly bad

Date: 31 OCT 2008 17:30:39 GMT

October set a slew of trading records, mostly bad

Dow industrials up 200 points

Date: Fri, 31 Oct 2008 13:35:45 -040

Dow industrials up 200 points
10/31/2008 1:33:49 PM EDT

Stocks shed losses to tilt higher, with financials pacing gains

Date: Fri, 31 Oct 2008 12:01:26 -0400
Stocks shed losses to tilt higher, with financials pacing gains

U.S. stocks on Friday wavered mainly lower, on track for their worst
month in 28 years, as generally bleak economic data showed consumers
spending less and Electronic Arts Inc. joining the list of companies
cutting forecasts and employees.

BANK OF JAPAN CUTS RATES TO 0.3% IN SPLIT DECISION

The Bank of Japan's policy board decides to cut its base lending rate
to 0.3% from 0.5%, abandoning its goal of normalizing interest rates
as it injects stimulus into the No. 2 global economy in an effort to
head off recession.

ECONOMIC REPORT: BIGGEST DROP IN CONSUMER SPENDING IN 4 YEARS IN SEPT.

Reluctance on the part of consumers to shop for big-ticket items like
cars led U.S. consumer spending in September to its biggest drop in
over four years.

BARCLAYS TO RAISE UP TO $11.9 BILLION

Barclays strikes a deal to raise up to 7.3 billion pounds ($11.9
billion) in fresh capital as the U.K. lender signals its preference
for cash from Middle Eastern royal families to the British government.

FUTURES MOVERS: OIL FALLS ON DEMAND CONCERNS, SET FOR BIGGEST MONTHLY LOSS EVER

Crude-oil futures headed lower for a second day
Friday, poised to suffer the biggest monthly loss ever in New York as
weak U.S.economic data fed concerns that a slowdown in global economic
growth will continue to reduce oil demand.

Energy: Public Service, Progress fall on earnings shortfalls

Date: 31 OCT 2008 15:08:14 GMT

Shares of Public Service Enterprise Group and Progress Energy both
fall after the utilities report third-quarter earnings that fall short
of estimates.

Energy: Sector finishes out scary month in the red

Date: 31 OCT 2008 14:25:59 GMT

Energy stocks began the last trading day of a historically bad month
for equities by posting more losses as oil prices retreated and retail
gasoline prices fell to $2.50 a gallon Friday.

Energy: Chevron earnings more than double to $8 billion

Date: 31 OCT 2008 13:54:47 GMT

Chevron Corp. said Friday its third-quarter profit more than doubled
to nearly $8 billion, built on the summer's record run of triple-digit
crude oil prices.

Energy: Chesapeake profit jumps on $3 billion hedging gain

Date: 31 OCT 2008 13:51:35 GM

Chesapeake Energy Corp., the nation's biggest natural gas company,
posted a huge jump in third-quarter profit Thursday, most of it tied
to derivatives gains totaling nearly $3 billion.

Stocks open lower to cap one of Wall Street's worst months ever. Dow, S&P 500 and Nasdaq all drop after opening bell.

Date: Fri, 31 Oct 2008 09:32:09 -0400

Stocks open lower to cap one of Wall Street's worst months ever. Dow,
S&P 500 and Nasdaq all drop after opening bell.

Government reports that consumer spending fell in September - another sign of weakness in the economy.

Date: Fri, 31 Oct 2008 08:33:03 -0400

Government reports that consumer spending fell in September - another
sign of weakness in the economy.

nergy: Chevron, Aon, Burger King and Barclays in focus

Date: 31 OCT 2008 12:42:33 GMT

Chevron, Aon, Burger King and Barclays in focus

U.S. stock futures pointed to a gloomy end to a dismal October, the
worst month for stocks in 21 years.

Energy: AEP's third-quarter net profit falls 9% on unfavorable weather

Date: 31 OCT 2008 12:17:03 GMT

AEP's third-quarter net profit falls 9% on unfavorable weather

American Electric Power's third-quarter net income falls 9% on
unfavorable weather and increased fuel costs, as the power giant
signals plans to beef up its pocket book in the face of a weaker
economy.

Energy: Happy days for gasoline consumers and retailers alike

Date: 31 OCT 2008 11:35:24 GMT

Commodities Corner:

Consumers tend to notice that gasoline prices drop much more slowly
than they rise, but that's not necessarily price gouging at play -- at
least not on the retail end.

Energy: U.S. stock futures drop ahead of data wave; EA slumps

Date: 31 OCT 2008 09:54:25 GMT

U.S. stock futures drop ahead of data wave; EA slumps

The volatile action in U.S. stocks looked set to continue Friday, with
stock futures falling ahead of another round of likely gloomy economic
data and as video games maker Electronic Arts cut its profit forecast.

Thursday, October 30, 2008

Energy: Stocks in focus for Friday

Date: 30 OCT 2008 22:54:13 GMT
Stocks to Watch - Stocks in focus for Friday

Among the companies whose shares are expected to see active trade in
Friday's session are Chevron, NYSE Euronext, Burger King and American
Axle.

Energy: Chesapeake Energy profit soars on derivatives gain

Date: 30 OCT 2008 22:26:51 GMT

Chesapeake Energy profit soars on derivatives gain

Chesapeake Energy Corp., the nation's biggest natural gas company,
posts a huge jump in third-quarter profit, most of it tied to
derivatives gains totaling nearly $3 billion.

Tech Daily: Chip stocks lead sector higher as market advances

Date: Thu, 30 Oct 2008 18:00:07 -0400

Tech Stocks: Chip stocks lead sector higher as market advances

Chip stocks power the tech sector after an industry group reports a
modest growth in semiconductor sales for September.

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DOJ allows Verizon, Alltel merger with conditions

The U.S. Justice Department says it's suing to block Verizon
Communications Inc.'s proposed, $28 billion acquisition of Alltel
Corp. unless Verizon agrees to divest assets in 22 states.

-----------------------------------------------------------------
EA losses grow as video game publisher announces layoff plans

Electronic Arts' net losses grew in the second fiscal quarter thanks
to a sharp rise in expenses while video-game sales also grew, driven
by demand for titles such as "Madden NFL" and "Spore." The game
publisher announced plans to lay off
about 6% of its workforce in a cost-cutting move.

-----------------------------------------------------------------
Netflix teams up with TiVo to stream content

Netflix and TiVo are collaborating on a service that would offer
subscribers the ability to have thousands of movies and TV episodes
instantly streamed from Netflix directly to their TVs.

-----------------------------------------------------------------
Sun Micro reports $1.68 billion loss as charges swell

Sun Microsystems Inc. reports a huge fiscal first-quarter loss as the
computer server and software maker sees sales fall more than 7% from a
year ago and records a goodwill impairment charge of $1.45 billion.

-----------------------------------------------------------------
Eastman Kodak posts higher profit, cuts outlook

Eastman Kodak Co. shares drop 7% after the camera and film giant pares
its outlook for the full year and says it almost tripled its
third-quarter profit from a year ago when hefty restructuring charges
cut into the bottom line.

-----------------------------------------------------------------
Symantec shares pounded after sober outlook

Shares of the security-software maker slide more than 17% a day after
the company reported strong results for the period ended in early
October but added an outlook that fell well short of expectations.

-----------------------------------------------------------------
Beatles label taps 'Rock Band' makers for new video game

The Beatles are taking a tentative step forward into the digital media
market with a new video game that will include the group's music and
will be published in partnership with MTV Networks and Harmonix –
makers of the popular "Rock Band" title.

-----------------------------------------------------------------
Motorola posts loss and delays spinoff of handset biz

Motorola Inc. on Thursday swung to a loss in the third quarter and
said it would delay the spin-off of its faltering wireless-phone
business beyond 2009.

-----------------------------------------------------------------
Cisco expected to post 7% quarterly revenue rise

While Cisco Systems Inc. has survived and even thrived in past
downturns, some analysts still worry about the current slowdown's
impact on the tech giant.

-----------------------------------------------------------------
Chip sales up slightly as analyst upgrades sector

Sales of semiconductors rose slightly in September boosted by strong
demand in the Asia-Pacific region, an industry group said Thursday.

Markets Thursday, 10/30/2008

Date: Thu, 30 Oct 2008 17:31:03 -0400

| Dow : 9180.69 up 189.73 | S & P : 954.09 up 24.00 |
| NASDAQ: 1698.52 up 41.31 | Bond (10Y): 3.97%, 100.22

MARKETS:
Stocks get a boost
Wall Street advances after Fed, other central banks cut rates, lending
improves and GDP shrinks at a slower-than-expected pace.

Stocks resume GDP-inspired rally to close solidly ahead

Date: Thu, 30 Oct 2008 17:01:55 -0400
Stocks resume GDP-inspired rally to close solidly ahead

U.S. stocks rally, pushing the Dow Jones Industrial Average back above
the 9,000 level, after the government says the economy shrank less
than forecast in the third quarter.


TREASURY MAY BORROW $1 TRILLION TO COVER BAILOUTS, DEALERS SAY

Major bond dealers say the United States may have to issue more than
$1 trillion in debt during its current fiscal year, by far the most
ever, to fund massive programs designed to bail out the banking
system.

DISMAL SALES RESULTS ON TAP AS GM/CHRYSLER DEAL LOOKS LIKELY

Automakers are expected to hand in yet another set of sickly U.S. car
sales numbers next week in what could mark the last time the industry
reports results before Detroit's Big Three becomes the Big Two.

AMERICAN EXPRESS TO CUT 10% OF WORK FORCE, OR 7,000 JOBS

Highlighting that even some of the most creditworthy and wealthiest
Americans are having trouble paying their bills, American Express says
it's cutting 10% of its staff, or about 7,000 people, in an effort to
save money.

Energy: Dominion profit falls on lack of one-time gains

Date: 30 OCT 2008 20:46:13 GMT

Dominion profit falls on lack of one-time gains

Dominion Resources Inc. reports its third-quarter earnings fell nearly
79% from a year ago when the company posted a one-time benefit.

Banks over the last week borrowed a record $112 billion a day on average under the Fed's emergency lending program.

Date: Thu, 30 Oct 2008 16:40:21 -0400

Banks over the last week borrowed a record $112 billion a day on
average under the Fed's emergency lending program.

Markets rally late in day, with Dow up 193 points at the close, as investors cheer interest-rate cuts and easing of credit markets.

Date: Thu, 30 Oct 2008 16:02:20 -0400

Markets rally late in day, with Dow up 193 points at the close, as
investors cheer interest-rate cuts and easing of credit markets.

Oil prices settle $1.54 lower, at $65.96, as fears grow that a global economic slowdown will cut energy demand.

Date: Thu, 30 Oct 2008 14:57:03 -0400

Oil prices settle $1.54 lower, at $65.96, as fears grow that a global
economic slowdown will cut energy demand.

Energy: Exxon Mobil eyes slowdown, but keeps U.S. refineries running

Date: 30 OCT 2008 18:34:04 GMT

Exxon Mobil eyes slowdown, but keeps U.S. refineries running

Exxon Mobil says the world's demand for fossil fuel isn't slowing down
enough for it to cut production at its U.S. refineries.

Stocks climb after economy shrinks less than forecast

Date: Thu, 30 Oct 2008 12:01:21 -0400
Stocks climb after economy shrinks less than forecast

U.S. stocks climb, but remain off session highs, after the government reports

the economy shrank less than forecast and on hopes interest-rate cuts
by central banks around the world will curb the global economic
slowdown.

ECONOMIC REPORT: GDP FALLS 0.3% IN THIRD QUARTER ON DIVE IN SPENDING

The U.S. economy contracted at a 0.3% annualized rate in the third
quarter, as consumer spending declined at the fastest rate in 28
years, the Commerce Department estimates.

EXXON MOBIL'S PROFIT APPROACHES $15 BILLION, SETTING NEW RECORD

Exxon Mobil's third-quarter net income rises 58% to a new record of
nearly $15 billion, but the results are likely to mark a swan song for
groundbreaking profits tied to this past summer's triple-digit prices
for crude oil.

BORROWING COSTS EASE AFTER FED RATE CUT, LIQUIDITY MOVES

Credit-market conditions show further signs of improvement, responding
to the Federal Reserve's decision to slash a key U.S. interest rate to
1% along with central banks' moves to further flood money markets with
dollars.

MOTOROLA POSTS LOSS AND DELAYS SPINOFF OF HANDSET BIZ

Motorola Inc. on Thursday swung to a loss in the third quarter and
said it would delay the spin-off of its faltering wireless-phone
business beyond 2009.

In latest sign of easing credit, commercial paper market -a key tool in business lending - expanded for first time in seven weeks.

Date: Thu, 30 Oct 2008 10:24:04 -0400

In latest sign of easing credit, commercial paper market -a key tool
in business lending - expanded for first time in seven weeks.

Hammered by the credit crisis, American Express says it will slash 7,000 jobs as part of a drastic cost cutting intiative.

Date: Thu, 30 Oct 2008 10:16:03 -0400

Hammered by the credit crisis, American Express says it will slash
7,000 jobs as part of a drastic cost cutting intiative.

Energy: Broad market, crude prices lift sector as Exxon, Shell lag

Date: 30 OCT 2008 14:03:01 GMT

Headline: Energy Stocks - Broad market, crude prices lift sector as
Exxon, Shell lag
---------------------------------------
Natural gas and oil service shares led gains in the energy sector on
Thursday as investors shrugged off a record quarter from Exxon Mobil
and moved up with both the broad market and commodity prices.

Breaking News: Economy shrank in Q3

Date: Thu, 30 Oct 2008 07:49:43 -0500

WASHINGTON - Gross domestic product shrank at a 0.3% annual rate in
the third quarter, the worst showing since third quarter 2001, when
the nation was last in recession.

Dow soars more than 200 points in first few minutes of trading as Exxon reports record-breaking earnings.

Date: Thu, 30 Oct 2008 09:33:03 -0400

Dow soars more than 200 points in first few minutes of trading as
Exxon reports record-breaking earnings.

U.S. stock benchmarks tally 2% gains in opening minute of trading

Date: Thu, 30 Oct 2008 09:33:39 -0400

U.S. stock benchmarks tally 2% gains in opening minute of trading

Wednesday, October 29, 2008

Markets Wednesday, 10/29/2008

Date: Wed, 29 Oct 2008 17:31:04 -0400
| Dow : 8990.96 down 74.16 | S & P : 930.09 down 10.42 |
| NASDAQ: 1657.21 up 7.74 | Bond (10Y): 3.85%, 101.16 |
-----------------------------------------------------------------------------
MARKETS:
Stocks succumb to bleak Fed outlook
Wall Street erases most of the session's gains that followed the
Federal Reserve's interest-rate cut.

Dow jumps 250 points, after seesawing initially, following the Fed's announcement of a half-point rate cut.

Date: Wed, 29 Oct 2008 15:25:20 -0400

Dow jumps 250 points, after seesawing initially, following the Fed's
announcement of a half-point rate cut.

Dow falls into negative territory, after being up most of the day, following Fed's announcement of half-point rate cut.

Date: Wed, 29 Oct 2008 14:25:21 -0400

Dow falls into negative territory, after being up most of the day,
following Fed's announcement of half-point rate cut.

Fed expected to cut rates by half point

Date: Wed, 29 Oct 2008 12:01:22 -0400

Fed expected to cut rates by half point

The Federal Reserve is expected to cut interest rates this afternoon,
making good on Chairman Ben Bernanke's pledge to do whatever it takes
to get the economy back in gear.

FUTURES MOVERS: CRUDE LEADS BROAD RALLY IN COMMODITY FUTURES

Crude-oil futures surge as much as 8%, leading a broad rally among
commodities, with prices for oil on track to post the largest daily
percentage gain since June.

ECONOMIC REPORT: ORDERS FOR DURABLES UP 0.8%, LIFTED BY AIRCRAFT

Strong demand for airplanes lifted orders for U.S.-made durable goods
to a 0.8% gain in September, the Commerce Department reports.

ASIA MARKETS: TOKYO SURGES 7.7%, BUT REGION ENDS OFF HIGHS
Most Asian markets advanced Wednesday after a massive overnight rally
on Wall Street on hopes the U.S. and Japanese central banks would
reduce interest rates to support their weakening economies. But the
indexes came off their highs in as investors chose to remain cautious
on weak corporate earnings reports.

Stocks edge lower in early trading as Wall Street bides it...

Date: Wed, 29 Oct 2008 09:31:03 -0400

Stocks edge lower in early trading as Wall Street bides its time ahead
of an expected Fed rate cut later in the day.

General Motors says its global sales are down 11% in the fourth quarter...

Date: Wed, 29 Oct 2008 08:53:03 -0400

General Motors says its global sales are down 11% in the fourth
quarter, faster than the year-to-date decline.

More companies may ax 401(k) match

Date: Wed, 29 Oct 2008 05:31:42 -0500

More companies may end 401(k) match

More News

Most Asian markets extend gains after U.S. rally

Pakistan earthquake kills at least 150, leaves 15,000 homeless

Durable goods rose 0.8% in September, a surprise gain, the government said.

Date: Wed, 29 Oct 2008 08:33:05 -0400

Durable goods rose 0.8% in September, a surprise gain, the government said.

Tuesday, October 28, 2008

Markets Tuesday, 10/28/2008

Tuesday, 10/28/2008

| Dow : 9065.12 up 889.35 | S & P : 940.51 up 91.59 |

| NASDAQ: 1649.47 up 143.57 | Bond (10Y): 3.77%, 101.78

MARKETS:
Dow's 2nd best day ever
The Dow jumps as much as 906 points as investors use 5-year lows as an
opportunity to get back into stocks.

U.S. consumer confidence plunges on financial crisis

Date: Tue, 28 Oct 2008 17:01:42 -0400

U.S. consumer confidence plunges on financial crisis

Wounded by the financial crisis, U.S. consumer confidence plunges in
October, reaching an all-time low in the series' 41-year existence,
the Conference Board reports.

VW SHORTS SCRAMBLE FOR EXITS AS MARKET CAP SWELLS

Short sellers of Volkswagen scramble for the exits, briefly making the
European auto maker the world's largest company by market
capitalization and raising worries about the banks that sold Porsche
Automobil Holding the options to build its stake in the Beetle maker.

OUTSIDE THE BOX: HAVE INVESTORS PANICKED AND CAPITULATED?

Is it time to buy stock? Ever since mid-September, we have read that
the bottom is in because investors have "panicked" and "capitulated."
But market history. does not support this widespread view.

Breaking News: Dow soars more than 800 points

Date: Tue, 28 Oct 2008 15:05:49 -0500

NEW YORK (AP) - The Dow Jones industrial average jumped more than 800
points Tuesday as bargain hunters, buying in anticipation of a Federal
Reserve rate cut, grabbed stocks that have been pounded lower in
recent sessions. All the major indexes were up at least 9%.

Dow soars 700 points, as late-afternoon rally heats up...

Date: Tue, 28 Oct 2008 15:51:03 -0400

Dow soars 700 points, as late-afternoon rally heats up, after global
markets gain and investors hope Fed cuts rates Wednesday.

Dow leaps 600 points, as rally gathers steam late in day, after global markets gain and the Fed starts 2-day interest rate meeting.

Date: Tue, 28 Oct 2008 15:24:02 -0400

Dow leaps 600 points, as rally gathers steam late in day, after global
markets gain and the Fed starts 2-day interest rate meeting.

Dow jumps 350 points, rebounding from...

Date: Tue, 28 Oct 2008 14:35:06 -0400

Dow jumps 350 points, rebounding from a 5-year low, as global rally
cheers investors and Fed begins a 2-day meeting on rates.

Oil drops 49 cents to settle at $62.73, keeping levels at a 17-month low, as a report shows drop in gasoline use.

Date: Tue, 28 Oct 2008 15:08:02 -0400

Oil drops 49 cents to settle at $62.73, keeping levels at a 17-month
low, as a report shows drop in gasoline use.

U.S. consumer confidence plunges on financial crisis

Date: Tue, 28 Oct 2008 12:01:27 -0400

U.S. consumer confidence plunges on financial crisis

Wounded by the financial crisis, U.S. consumer confidence plunges in
October, reaching an all-time low in the series' 41-year existence,
the Conference Board

EUROPE MARKETS: BP, VOLKSWAGEN HELP EUROPE STOCKS CLAW BACK SOME LOSSES

European shares moved higher on Tuesday, paced by gains for oil giant
BP and automaker Volkswagen, as investors shopped for bargains after a
22% drop for stocks since the start of October.

Key measure of consumer confidence plunges to lowest level ever.

Date: Tue, 28 Oct 2008 10:01:05 -0400

Key measure of consumer confidence plunges to lowest level ever.

Whirlpool announces 5,000 job cuts as it cuts 2008 earnings view

Date: Tue, 28 Oct 2008 06:06:43 -0400

Whirlpool announces 5,000 job cuts as it cuts 2008 earnings view
10/28/2008 6:04:44 AM EDT

Stocks jump at the open, ,,,

Date: Tue, 28 Oct 2008 09:32:08 -0400

Stocks jump at the open, piggybacking on surging global markets, as
investors bet on another Fed rate cut.

Monday, October 27, 2008

Markets Monday, 10/27/2008

Date: Mon, 27 Oct 2008 17:31:03 -0400

Monday, 10/27/2008

| Dow : 8175.77 down 203.18 | S & P : 848.92 down 27.85

| NASDAQ: 1505.90 down 46.13 | Bond (10Y): 3.68%, 102.59
MARKETS:
Stocks slump after choppy session
Major gauges end a volatile session lower as investors weigh recession
 fears, debt relief, Verizon results and housing report.

Grand ST

Chinatown, NYC USA

Dow falls 210 points, after seesawing much of the session, as stocks crumble in late-day selloff and recession fears grip investors.

Date: Mon, 27 Oct 2008 16:04:03 -0400

Dow falls 210 points, after seesawing much of the session, as stocks
crumble in late-day selloff and recession fears grip investors.

Oil prices settle lower, down 93 cents at $63.22, as recession fears continue to weigh on traders.

Date: Mon, 27 Oct 2008 15:00:21 -0400

Subject: Oil prices settle lower, down 93 cents at $63.22, as
recession fears continue to weigh on traders.

Dow jumps 200 points, after being down more than 170 earlier, on start of Fed business ...

Date: Mon, 27 Oct 2008 13:45:05 -0400

Dow jumps 200 points, after being down more than 170 earlier, on start
of Fed business lending program, strong housing report.

A library in NYC

Reading

Hang Seng crumbles 12.7% -- `nothing but pain'

Date: Mon, 27 Oct 2008 15:31:31 (GMT)

HONG KONG -- Hong Kong stocks crumbled under a barrage
of selling Monday, with the benchmark Hang Seng Index plunging 12.7%
to its lowest finish in more than four years as investors who bought shares on credit were forced to offload
them in a falling market.

The session also saw benchmark indexes in Mumbai, the Philippines, and
Thailand slump 10% or more, although India's Sensex pared losses by
the end of the session on the back of better-than-expected earnings
from Icici Bank and short-covering by investors in the afternoon.

Stocks fall at the open as Wall Street reacts to the ongoing global economic concerns shattering world markets.

Date: Mon, 27 Oct 2008 09:31:03 -0400

Stocks fall at the open as Wall Street reacts to the ongoing global
economic concerns shattering world markets.

New home sales surprisingly rose by 2.7% in September to an...

Date: Mon, 27 Oct 2008 07:07:33 -0700 (PDT)

New home sales surprisingly rose by 2.7% in September to an annual
rate of 464,000, the government reports.

Regional banks KeyCorp., Fifth Third...

Date: Mon, 27 Oct 2008 07:03:17 -0400

Regional banks KeyCorp., Fifth Third and Capital One announce total of
$9.5 billion in federal funding under Treasury bailout plan.