Archive for July 22nd, 2008

What’s Google News worth? $100 million

Tuesday, July 22nd, 2008
Google doesn't make a dime directly from its news service, but it drives $100 million in search revenue.

Stocks stage late-day rally

Tuesday, July 22nd, 2008
U.S. stocks staged a late-day rally Tuesday, with the Dow closing up 135 points, as falling oil prices overshadowed grim quarterly financial reports.

United reports $2.7 billion loss - stock soars

Tuesday, July 22nd, 2008
United Airlines parent UAL Corp. stock soared Tuesday after it reported a second-quarter net loss of $2.7 billion Tuesday due to the soaring price of fuel and announced thousands of new job cuts.

Fannie, Freddie rescue: $25 billion

Tuesday, July 22nd, 2008
The Congressional Budget Office on Tuesday estimated that a government plan to stabilize mortgage giants Fannie Mae and Freddie Mac could cost government coffers an average of $25 billion.

E*Trade hit by Fannie-Freddie

Tuesday, July 22nd, 2008

California foreclosures hit 20-year high

Tuesday, July 22nd, 2008
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Paulson to Congress: Pass my plan

Tuesday, July 22nd, 2008
Treasury Secretary Henry Paulson urged Congress Tuesday to approve the Bush administration's plan to back up mortgage financiers Fannie Mae and Freddie Mac.

Oil falls $3 on economic worries

Tuesday, July 22nd, 2008
Oil prices fell Tuesday, closing at the lowest point since June 5, as a perceived decline in U.S. demand took hold again and worries subsided that a storm would disrupt production in the Gulf of Mexico.

Ford readies economy cars for U.S.

Tuesday, July 22nd, 2008
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Big banks’ dividend gamble

Tuesday, July 22nd, 2008
The predicted demise of bank dividends has been greatly exaggerated.