Highlights
A collection of news and information related to Morgan Stanley Dean Witter & Company published by Tribune Company sources.
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Fed moves harmful or helpful?
Chicago Tribune reportersThe Federal Reserve took another radical step to try to prop up the ailing economy, but financial markets plunged anyway. U.S. stocks fell for a fifth day, the longest losing streak since January, as investors worried that aggressive government...Tags: DePaul University, Loans, Credit and Debt, Financial Markets, Morningstar Incorporated
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Women's Way collects backpacks for children in need
Women's Way of United Way of Broward County collected more than 100 backpacks and the essential school supplies to fill 100 more bags at their annual Back to School is Cool Backpack Drive at Seventh Street Wine Company in Fort Lauderdale. The backpacks...Tags: Broward County, Wine, Beer, and Spirits, Fort Lauderdale, Florida Atlantic University, Back to School
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Alcoa's profit tumbles 52%
From Chicago Tribune news servicesAlcoa Inc., one of the world's largest aluminum producers, on Tuesday reported a 52 percent drop in third-quarter profit and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects. Alcoa, the first...Tags: Kentucky Fried Chicken, Alcoa Incorporated, Earnings Forecasts, Sales, Real Estate Sales
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Wall Street retreats as concerns about financials overshadow Fed plan to buy corporate debt
AP Business WriterNEW YORK (AP) _ The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the...Tags: Auction Service, Credit Ratings, Metal and Mineral, Petroleum Industry, Central Bank
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Market plunges again Tuesday
The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector....Tags: Auction Service, Credit Ratings, Metal and Mineral, Alcoa Incorporated, Petroleum Industry
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Alcoa's 3rd-quarter profit dives 52 percent on lower prices, weaker demand and higher costs
AP Business WriterPITTSBURGH (AP) _ Alcoa Inc., the world's third-largest aluminum producer, on Tuesday reported a 52-percent drop in third quarter profit and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects. Alcoa,...Tags: Metal and Mineral, Alcoa Incorporated, Buyback, Energy, Aluminum Corporation of China Limited
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News at a glance
* Richard Fuld, the chief executive of Lehman Brothers Holding Inc., whose bankruptcy filing last month dramatically escalated the Wall Street crisis, faced angry lawmakers in Washington on Monday. House Oversight and Government Reform Committee chair...Tags: American International Group, Mitsubishi UFJ Financial Group Incorporated, Lehman Brothers Holdings Incorporated, Federal Reserve, Citigroup Incorporated
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Former UBS executive settles insider trading rap
Associated Press WriterThe former chief lawyer for UBS's investment bank has agreed to pay $6.5 million to settle an allegation that he dumped his investments in auction-rate securities after getting a company e-mail warning that the market was in trouble, state officials...Tags: Auction Service, U.S. Department of Treasury, Credit Ratings, Deutsche Bank AG, Sales
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Financial meltdown brilliantly explained
The Swampby Frank James Anyone looking for a brilliantly accessible explanation of the turmoil facing the economy and the financial markets should listen to the outstanding explanatory programs done by Chicago Public Radio's "This American Life." Over the weekend,...Tags: Tara Reid, Government, Chicago Mortgages, Christina Aguilera, Public Employees
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Fed grants approval for Japanese bank Mitsubishi to acquire stake in Morgan Stanley
AP Economics WriterWASHINGTON (AP) _ The Federal Reserve has granted approval for Japan's largest bank to purchase a stake in U.S. investment giant Morgan Stanley. The Fed issued an order Monday saying that it had approved the request of Mitsubishi UFJ Financial Group Inc....Tags: The Goldman Sachs Group Incorporated, Mitsubishi UFJ Financial Group Incorporated, Federal Reserve
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Progressions
Architecture Cuhaci & Peterson Architects, Orlando, has promoted Joe Keene to vice president of mechanical and electrical engineering services. Boards of Directors Highwinds Network Group Inc., Winter Park, has appointed Brian Bedol to its board of...Tags: Mount Dora, National Government, Maitland, Technology, Corporate Officers
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Jobs disappear at fastest rate in 5 years, more losses seen as US prepares for elections
AP Economics WriterWASHINGTON (AP) _ Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, an urgent signal the country may be careening toward a deep and painful recession just as Americans...Tags: Financially Distressed Companies, Barack Obama, Alcoa Incorporated, Polls, Unemployment
Oct 8, 2008
|Story| Chicago Tribune
Oct 8, 2008
|Story| South Florida Sun-Sentinel
Oct 8, 2008
|Story| Chicago Tribune
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Newsday
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Story| Orlando Sentinel
Oct 7, 2008
|Story| Associated Press
Oct 7, 2008
|Blog| Chicago Tribune
Oct 6, 2008
|Story| Associated Press
Oct 6, 2008
|Story| Orlando Sentinel
Oct 3, 2008
|Story| Associated Press
