Archive for September, 2008

A day after the House's surprise defeat of a $700 billion financial rescue bill, talk is growing louder about alternative government steps that could help battered credit markets and stave off broader problems in the economy.

The U.S. dollar rallied against major currencies Tuesday as investors appeared confident that Washington would be able to push through its massive bailout package.

Oil settled back above $100 a barrel Tuesday, a day after Congress' failure to pass a $700 billion economic rescue plan sent prices plummeting, as investors waited for lawmakers to try again.

TiVo Inc. and Nero AG of Germany were set to announce Monday that they will be launching a package that turns a Windows PC into a TV recorder, just like a TiVo set-top box.

Stocks rallied Tuesday afternoon as investors scooped up shares battered in the bloodletting that followed Congress' failure to pass a $700 billion bank rescue plan.

Credit markets remained in a holding pattern Tuesday, as investors waited to for Washington's response to the House's rejection of a massive financial bailout plan.

President Bush may be set to sign into law $25 billion in low-interest loans to help automakers and auto parts suppliers make fuel-efficient vehicles, but don't expect a rush of new hi-tech ultra-clean cars.

For some strange reason, the government keeps writing me checks. Every year Uncle Sam hands me cash to help with my family's health insurance. I also get free money as a reward for buying stocks to fund my own retirement.

A key indicator of consumer confidence rose surprisingly in September, the highest reading since April, but the index was measured before all of last week's developments in the credit crisis.

Freeport McMoRan's Kathleen Quirk took home a cool $16 million last year. Which corporate women raked in even more?