MARKETS
Resources
Principal content
Economic data weigh on Wall St stocks
US stocks fell, ending the week mixed, as investors continued to worry about the embattled financial sector and the health of the wider economy, in spite of some encouraging earnings news
Fannie and Freddie doubts grow
Shares in Fannie Mae and Freddie Mac fell amid concerns foreign investors were reassessing their exposure to the troubled US mortgage financiers’ bonds and guaranteed securities
Tiffany’s sales lose sparkle
US jeweller, Tiffany, suggested more evidence that the economic slowdown in the US was affecting affluent shoppers, with new weakness in US demand for ‘statement’ jewellery pieces priced above $50,000
Microsoft to buy price comparison website
Microsoft is buying the parent company of Ciao.com, an online price comparison and product reviews site, as it seeks to improve its European search offering to compete with Google
Merrill losses wipe away longtime profits
Merrill Lynch’s losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to Financial Times research that highlights the extent of the global banking crisis
Gulf storm shuts US oil and gas production
The US oil and gas industry began to shut down production in the Gulf of Mexico after forecasters predicted that tropical storm Gustav would be a hurricane when it hit the region
Zoom grounds transatlantic jet fleet
Zoom Airlines, the low-cost carrier operating between North America and Europe, sought protection from creditors in Canada and the UK after several of its aircraft were detained for non-payment of leasing and other fees
Fannie Mae shakes up top ranks
Fannie Mae, the US government-sponsored mortgage financier, unveiled a management restructuring that put new executives in charge of its plan to improve capital management and cut credit losses
US stocks higher on economic data
US stocks rose as investors took heart from better-than-expected data on durable goods orders, in spite of a rise in oil prices as a result of concerns that tropical storm Gustav could disrupt supplies
Latest Microsoft browser challenges Google
Microsoft released a web browser that includes a feature that could affect the advertising model of internet rivals such as Google




CLASSIFIED