Highlights
A collection of news and information related to Finance published by Tribune Company sources.
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Bush's statement on financial crisis
President Bush's statement Saturday on the financial crisis, as released by the White House. He spoke in the Rose Garden after meeting with financial ministers from the G-7 nations: Thank you all very much. Good morning. (Treasury) Secretary (Henry)...Tags: Financial and Business Services, The White House, Government, Business Institutions, Financial Markets
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1,000-point swing caps volatile week
The Dow Jones industrial average capped its worst week ever yesterday in volatile trading that saw stocks fluctuate in a 1,000-point range for the first time. Bargain hunters snatched up stocks ravaged in recent days and staged a final-hour rally that...Tags: Heads of State, Great Depression, Government, Hunt Valley, National Government
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U.S. to buy shares in struggling banks
Los Angeles Times Staff WritersIn an extraordinary response to the escalating financial crisis, Treasury Secretary Henry M. Paulson said Friday that the government would buy direct stakes in banks and other financial institutions for the first time since the Great Depression....Tags: Ben Bernanke, Great Depression, Economic Policy, U.S. Department of Treasury, Business Institutions
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Paulson announces government will move ahead with plan to buy stock in financial institutions
AP Economics WriterWASHINGTON (AP) _ Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions. Paulson said the program to purchase stock in financial institutions will be open to a broad...Tags: Financial and Business Services, $700 Billion Bank Bailout, Business Institutions, Henry Paulson
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Text of G-7 finance ministers and central bank governors' plan of action
Text of G-7 finance ministers and central bank governors' plan of action, as provided by the Treasury Department: The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize...Tags: U.S. Department of Treasury, Business Institutions, Government, Financial Markets, Central Bank
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Legg Mason's shares plunge to 9-year low for greatest percentage drop in company history
Shares of Baltimore's Legg Mason Inc. suffered the largest one-day percentage drop in its history as a public company yesterday and plunged to their lowest price in almost 10 years. Legg's shares fell nearly 25 percent, or $6.25, to $19 in a broad market...Tags: Stock Market, Legg Mason, Inc., Stock Activities, Sales, Financial Markets
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Legg Mason shares plunge to 9-year low
Shares of Baltimore's Legg Mason Inc. suffered the largest one-day percentage drop in its history as a public company today and plunged to their lowest price in almost 10 years. Legg's shares fell nearly 25 percent to $19 in a broad market sell-off...Tags: Stock Market, Legg Mason, Inc., Stock Activities, Sales, Financial Markets
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European markets recover ground after Wednesday's slide
The Associated PressEuropean markets today recovered some of Wednesday's hefty losses after a relatively steady performance in Asia overnight, with British banking stocks in particular enjoying a strong rally in the wake of the government's 500 billion pound ($865 billion)...Tags: Deutsche Bank AG, $700 Billion Bank Bailout, Stock Broking, Stock Market, Credit Ratings
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Bush administration mulls ownership stakes in banks
The Associated PressNews that the Bush administration is considering taking part ownership in a number of U.S. banks helped restore a relative calm over global financial markets today. The aim of such a move would be to thaw the lending freeze that threatens to push the...Tags: U.S. Department of Treasury, Business Institutions, Government, Globalization, National Government
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Text of President Bush's remarks Friday on the economy
Text of President Bush's remarks on the economy Friday, as provided by the White House: ___ BUSH: Good morning. Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear. This has...Tags: Ben Bernanke, U.S. Department of Treasury, The White House, Stock Market, Government
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President's statement on the economy
Good morning. Over the past few days, we have witnessed a startling drop in the stock market -- much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about...Tags: Ben Bernanke, U.S. Department of Treasury, Stock Market, Business Institutions, Government
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Banks borrow record amount from Fed's emergency program
AP Economics WriterWASHINGTON (AP) _ Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, while investment banks drew loans at a brisk — though slightly lower — pace, fresh proof of the credit problems...Tags: Morgan Stanley Dean Witter & Company, Lehman Brothers Holdings Incorporated, American International Group, Business Institutions, Bankruptcy
Oct 11, 2008
|Story| Associated Press
Oct 11, 2008
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Oct 11, 2008
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Oct 10, 2008
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Oct 11, 2008
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Oct 9, 2008
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Oct 9, 2008
|Story| Associated Press
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|Story| Associated Press
Oct 10, 2008
|Story| Los Angeles Times
Oct 9, 2008
|Story| Associated Press
