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U.S. Stocks Bounce Back, Erasing Earlier Losses

U.S. stocks bounced back on Wednesday after suffering a six-session long losing streak, after the Dow Jones Industrial Average advanced from more than 323 points in earlier trading to just under 300 points.

ECB Chief Outlines Lessons in Crisis Management

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The head of Europe's Central Bank spoke on Wednesday about crisis management in light of the ongoing financial markets and economic turmoil, remarking on areas for improvement to avoid such major turbulent episodes.
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Soybeans, Corn, Wheat Dive on Further Fed Cuts

U.S. soybean, corn and wheat futures fell on Tuesday on continued speculation the U.S. economy will fall into recession, triggering a sell-offs in commodity and financial markets and lowering the demand for grains.
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U.S. Stocks Still Lower Despite Fed Cut

U.S. stock markets recovered most of their heavy early losses on Tuesday after the Federal Reserve announced an emergency cut in its benchmark lending rate before the markets opened. The Standard & Poor's 500 Index which measures a broad spectrum of U.S. companies was down 1.2 percent in early afternoon trading.
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Market Mayhem: BSE Sensex tanks over 2000 points, trading halted twice

The Bombay Stock Exchange (BSE) benchmark 30-share sensitivity index, the Sensex, plummeted by over 2000 points or almost 11 percent on Monday - its biggest ever intra-day fall - and dragged down stock prices of blue-chip companies to a record low, forcing the stock exchange to shut down trading twice abruptly.
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Gold jumps 3 percent from lows after Fed move

Gold bounced back from a three-week low to trade above $890 an ounce on Tuesday, as the dollar tumbled after the U.S. Federal Reserve unexpectedly slashed interest rates by 75 basis points.
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Mizuho's Merrill deal a new turn for Japan banks

Mizuho Financial Group's $1.2 billion investment in Merrill Lynch marks a turning point for Japan's once-reeling banks which, after shedding bad debt and rebuilding their businesses, are once again looking for opportunities abroad.
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Market falls hit hedge funds but throw up bargains

Hedge funds with geared wrong-way bets in hot areas such as commodities and emerging markets are feeling the squeeze from market falls, but some top managers are using this opportunity to pick up stocks they like on the cheap.
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Fed Slashes Key Interest Rate by ¾ of a Point

A day after global markets sank over worries of a possible U.S. recession, the Federal Reserve Bank on Tuesday sought to reduce the risk of further economic trouble by making steep three-quarter point cut in a key interest rate before U.S. markets opened, citing a weakening of the economic outlook.
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Bank of America Net Sinks 95 Percent

Bank of America, the second-largest U.S. bank, said on Tuesday fourth-quarter profit sank 95 percent, hurt by more than $7 billion of losses tied to poor trading decisions and mounting credit woes.Net income for the Charlotte, North Carolina-based company fell to $268 million, or 5 cents per share, from $5.26 billion, or $1.16, a year earlier. Analysts on average expected a profit of 19 cents per share, according to Reuters Estimates.
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Euro Falls to 5-Month Low, Yen Rises

The euro dropped to a five-month low against the yen the biggest plunge in European stocks in 6 years on concern the U.S. economy will fall into recession.
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European Stocks Tumble: Worst in 6 Years

European stock markets plunged on Monday, recording some of its biggest losses in over 6 years, as investors sold off on concerns the U.S. economy will fall into recession.
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Guitar Hero Sales Hit $1Bln

Guitar Hero video game hit a industry record on Monday, generating $1 billion in sales in North American retail within 26 months, a market research reported.
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Renault to develop electric cars for Israel project

The Renault-Nissan (RENA.PA: Quote, Profile, Research) (7201.T: Quote, Profile, Research) alliance on Monday signed a deal to begin mass producing electric cars as part of an Israeli-led project to develop alternative energy sources and slash oil dependency.
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Global Stocks in Tailspin Over U.S. Economy

Stock markets around the world plummeted on Monday, taking their lead from the U.S., where a leading index fell more than 4 percent last week following increased concern that the U.S. will head for a recession.
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World stocks routed on economy fears

World stocks nosedived and demand for safe-haven bonds and currencies soared on Monday as fears gripped investors that a deteriorating U.S. economy would drag others down with it. MSCI's main world stock index, a benchmark gauge of stock markets globally, sank 2.6 percent, falling below its 2007 bottom to lows last seen in December 2006.
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Equities pummeled by U.S. recession fears

World stocks took a beating on Monday and demand for safe-haven bonds and currencies rose as fears gripped investors that a troubled U.S. economy would drag others down with it. MSCI's main world stock index was down 1.9 percent, nearing its 2007 low. The pan-European FTSEurofirst 300 was down 2.4 percent, taking its 2008 year-to-date losses to 12 percent.

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