Reuters - Federal Reserve Chairman
Ben Bernanke tackles financial stability in a key speech on
Friday but economists doubt he will provide solid clues about
future policy action to calm the credit crunch.
Reuters - Investors' growing belief in the
likelihood of a federal bailout of home-funding giants Fannie
Mae and Freddie Mac triggered a rally in the
debt prices of the two companies on Thursday while a steep fall
in their shares prices abated.
Reuters - Oil prices rose nearly 5 percent on
Thursday, the biggest percentage gain in more than two months,
driven by rising tensions between the United States and energy
behemoth Russia.
Reuters - New York Attorney General Andrew Cuomo
on Thursday said Merrill Lynch & Co Inc , Deutsche Bank
(DBKGn.DE) and Goldman Sachs have agreed to settlements
regarding their auction rate security sales practices.
Reuters - Financial industry enforcement agents
will review the auction-rate debt operations of about 40 firms
industrywide starting next week, sources familiar with the
investigation said on Thursday.
