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29aa8da62f056c3d56871b1c3a35fa53 | https://www.cnbc.com/2007/09/17/market-insider-tuesdays-makeorbreak-day.html | Market Insider: Tuesday's Make-Or-Break Day | Market Insider: Tuesday's Make-Or-Break Day
Trading should stay tentative ahead of the Fed's Tuesday afternoon announcement. But before that news, Wall Street will have to navigate the first big earnings from the brokerage industry and some important economic data, including inflation measure, producer prices.
Lehman B... |
f9346b1511a5223a1448ce4217af2b83 | https://www.cnbc.com/2007/09/17/marsh-mclennan-ousts-business-unit-ceo-stock-falls.html | Marsh & McLennan Ousts Business Unit CEO; Stock Falls | Marsh & McLennan Ousts Business Unit CEO; Stock Falls
Marsh & McLennan said Friday that Brian Storms, CEO of the insurance broker's main operating subsidiary Marsh Inc., had been ousted. His departure, effective immediately, follows a 21 percent decline in Marsh & McLennan's stock price since May because of its financi... |
c9b913117f7ad2736d614b02c1a4c8dd | https://www.cnbc.com/2007/09/17/merrill-lynchs-subprime-unit-cutting-jobs.html | Merrill Lynch's Subprime Unit Cutting Jobs | Merrill Lynch's Subprime Unit Cutting Jobs
Merrill Lynch said Monday that its subprime lender, First Franklin Financial, would cut an unspecified number of jobs, in another setback to the brokerage's $1.3 billion acquisition.
Merrill Lynch bought San Jose, Calif.-based First Franklin in December, amid a meltdown in th... |
b5d7383a8bdfccfaa9dfdabcdfe32ec6 | https://www.cnbc.com/2007/09/17/microsoft-appeal-against-eu-court-ruling-may-be-hard.html | Microsoft Appeal against EU Court Ruling May Be Hard | Microsoft Appeal against EU Court Ruling May Be Hard
Microsoft may find it hard to appeal a landmark decision from the European Union Court of First Instance to uphold a European Commission anti-trust fine, because it sets important precedents for EU competition issues, officials said Monday.
"Microsoft can appeal, but... |
90e441894d5fa5acf79d4f590987860d | https://www.cnbc.com/2007/09/17/microsoft-defeated-in-eu-court-on-antitrust-issues.html | Microsoft Defeated in EU Court on Anti-Trust Issues | Microsoft Defeated in EU Court on Anti-Trust Issues
Microsoftsuffered a stunning defeat on Monday when a European Union court backed a European Commission ruling that the U.S. software giant illegally abused its market power to crush competitors.
Europe's top competition regulator said the ruling could lead to a "signi... |
c7b2e175a5440e05a8a81e12a048bf3d | https://www.cnbc.com/2007/09/17/monsanto-shares-hit-record-on-earnings-outlook.html | Monsanto Shares Hit Record on Earnings Outlook | Monsanto Shares Hit Record on Earnings Outlook
Monsanto shares traded to an all-time record high on Monday after the company raised its 2007 earnings outlook on Monday, citing strong global corn sales and higher prices for its branded Roundup herbicides.
The company said it was seeing "strong, early sales of corn seeds... |
6c2866c30c3b8339169305753fdfeec8 | https://www.cnbc.com/2007/09/17/more-than-12-parties-are-interested-in-wendys-wsj.html | More Than 12 Parties Are Interested in Wendy's: WSJ | More Than 12 Parties Are Interested in Wendy's: WSJ
More than a dozen parties have expressed interest in Wendy's International sale process, the Wall Street Journal reported on Monday, citing a person familiar with the the situation.
On its Web site, the Journal reported the source said Wendy's board was still consider... |
bda45406ddd33045b228a1de078d74cf | https://www.cnbc.com/2007/09/17/national-city-sees-mortgage-loss-near-160-million.html | National City Sees Mortgage Loss Near $160 Million | National City Sees Mortgage Loss Near $160 Million
National City said on Monday it expects a third-quarter mortgage banking loss of around $160 million, the high end of its forecast, hurt by slumping housing demand and tighter capital markets.
In a regulatory filing, the ninth-largest U.S. bank said it had projected a... |
dd1bc3ec51c41b4a3b205c884b236c34 | https://www.cnbc.com/2007/09/17/new-york-fed-manufacturing-index-falls-in-september.html | New York Fed Manufacturing Index Falls in September | New York Fed Manufacturing Index Falls in September
Manufacturing in New York State slowed more than expected in September, the New York Federal Reserve said Monday, in a report that gave a mixed picture of the region's factory sector.
The New York Fed's "Empire State" general business conditions index slumped to 14.70... |
1f90f62e73bc79fa1950063d9727e3d4 | https://www.cnbc.com/2007/09/17/nike-execs-to-discuss-vicks-financial-impact.html | Nike Execs to Discuss Vick's Financial Impact | Nike Execs to Discuss Vick's Financial Impact
Nikeexecutives say they will discuss the financial impact of its relationship with Michael Vick Thursday during a quarterly earnings conference call.
The question arose Monday during an annual meeting, where a shareholder asked Nike executives about the financial impact the... |
5e7767b12e8b562f88781e5c4b973319 | https://www.cnbc.com/2007/09/17/nokia-to-buy-mobile-advertising-firm-enpocket.html | Nokia to Buy Mobile Advertising Firm Enpocket | Nokia to Buy Mobile Advertising Firm Enpocket
Nokia said on Monday it is buying U.S. cellphone screen advertising firm Enpocket as the world's top handset maker pushes into a market which is seen ballooning in coming years.
After a slow start, mobile companies are making moves into the potentially lucrative market, hel... |
68c992ee4a00b2dfc006e69d2b37d623 | https://www.cnbc.com/2007/09/17/nomura-to-withdraw-from-chicago-futures-business.html | Nomura to Withdraw from Chicago Futures Business | Nomura to Withdraw from Chicago Futures Business
Nomura Holdings, Japan's largest broker, said on Tuesday it planned to withdraw soon from the futures business in Chicago as it restructures its U.S. operations.
"As part of our continuing focus on core competencies in America, we have recently decided to realign certain... |
54b092537cd3326b4b01e9029e20a919 | https://www.cnbc.com/2007/09/17/northern-rock-shares-plunge-customers-run.html | Northern Rock Shares Plunge, Customers Run | Northern Rock Shares Plunge, Customers Run
Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the business or its assets.
Britain's fifth-biggest mortgage lender, which on Friday was rescued by emergency ... |
5f3d5ea3b91ded54cb390336506a7675 | https://www.cnbc.com/2007/09/17/oil-closes-at-record-8057-on-supply-worries.html | Oil Closes at Record $80.57 on Supply Worries | Oil Closes at Record $80.57 on Supply Worries
Oil closed at a record $80.57 on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth.
Oil Refinery
Expectations the U.S. Federal Reserve will agree to cut interest rates when it meets on Tuesda... |
e16faba70f563ca8eb32428a7a0ee75f | https://www.cnbc.com/2007/09/17/oj-simpson-arrested-in-vegas-robbery-involving-sports-memorabilia.html | O.J. Simpson Arrested in Vegas Robbery Involving Sports Memorabilia | O.J. Simpson Arrested in Vegas Robbery Involving Sports Memorabilia
O.J. Simpson was arrested Sunday and faces multiple felony charges in an alleged armed robbery of collectors involving the former football great's sports memorabilia, authorities said.
Simpson was arrested shortly after 11 a.m., Capt. James Dillon said... |
19e192756f02073555d25abfb7fd5e85 | https://www.cnbc.com/2007/09/17/oj-simpson-memorabilia-whats-it-worth-now.html | O.J. Simpson Memorabilia: What's It Worth Now? | O.J. Simpson Memorabilia: What's It Worth Now?
AP
So the media has spent countless hours talking about O.J. Simpson's latest--potentially being the ringleader in an armed robbery that involved taking items from a sports memorabilia store in Las Vegas. But I still haven't seen a complete list of what he stole. You see, ... |
e0a0c7c530ce996a629c27f7ba003c69 | https://www.cnbc.com/2007/09/17/rumor-friday-is-back.html | Like Fridays of old, speculation is swirling around names like Macy’s, Genentech and Yahoo. With the rumor mill back in overdrive, could the return of “Merger Mondays” be next?
VIDEO0:0000:00Tomorrow's Headlines #3
Pete Najarian hears plenty of rumors in the options pits, but a couple stuck out to him today. One bit of... | |
386a30b622698a9ed94753741cf7ee8f | https://www.cnbc.com/2007/09/17/saudi-arabia-to-buy-fighter-jets-from-bae-systems.html | Saudi Arabia to Buy Fighter Jets from BAE Systems | Saudi Arabia to Buy Fighter Jets from BAE Systems
Saudi Arabia said on Monday it had signed an agreement with the British government to buy 72 Eurofighter Typhoon jets from BAE Systems for 4.43 billion pounds ($8.84 billion).
"A contract was signed between the two governments to buy the plane on Tuesday, Shaaban 29 (Se... |
edd823e12b3b6084c04ad43af0379fd7 | https://www.cnbc.com/2007/09/17/savers-queue-again-deserting-northern-rock.html | Savers Queue Again, Deserting Northern Rock | Savers Queue Again, Deserting Northern Rock
Queues of Britons bent on getting their money out formed at Northern Rock's bank branches for a third working day on Monday in defiance of reassuring words from government and management.
Some joked that their money would be safer bet on horses or stuffed under a mattress -- ... |
b4ca62e82d3e962f861911c678efb379 | https://www.cnbc.com/2007/09/17/schwab-sees-thirdquarter-operating-profit-up-3035.html | Schwab Sees Third-Quarter Operating Profit Up 30%-35% | Schwab Sees Third-Quarter Operating Profit Up 30%-35%
Charles Schwab, the largest U.S. discount brokerage, Monday said it expects third-quarter profit from continuing operations per share to rise 30 percent to 35 percent from the second quarter.
Schwab reported a profit of 20 cents per share from continuing operations... |
cade13ab6fa78d74080fc9e4f3da9c80 | https://www.cnbc.com/2007/09/17/stop-trading-less-risk-in-keycorp.html | VIDEO0:0000:00Jim Cramer's Stop Trading!
International banks looking to get a foothold in America might consider KeyCorp as a takeover candidate, Cramer said during Stop Trading!.
Because the Cleveland-based bank sold off its mortgage unit last winter, it is a less risky play than many of the other financials that are... | |
56320cb665251f69ff11d4e36f860fb6 | https://www.cnbc.com/2007/09/17/time-to-lose-all-those-boring-trophies.html | Time To Lose All Those Boring Trophies! | Time To Lose All Those Boring Trophies!
At the end of every golf and tennis tournament, the champion gets a trophy. Unless it's the grand slams, these trophies don't have any tradition. So it's a clean slate: do anything you want, but make sure it's something that gets attention for the big sponsor. And yet, the direct... |
f85e4e5aaf5f11b6ce0f78e83f846293 | https://www.cnbc.com/2007/09/17/tommy-hilfiger-goes-upmarket.html | Holiday Central | Holiday Central
Fall 2007 FashionSource: tommyhilfiger.com
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-Am... |
74c7f35bba9d8dd45d2d920dda1b4269 | https://www.cnbc.com/2007/09/17/video-roundup-what-will-the-fed-do.html | Video Roundup: What Will the Fed Do? | Video Roundup: What Will the Fed Do?
Fed policymakers meet Tuesday in one of the most closely watched central bank meetings in years. CNBC asked the experts what they expect the Fed to do and what impact it will have on the economy and markets.
VIDEO0:0000:00KeyCorp CEO on the Fed
Banking's Special Interest
Henry Meyer... |
0093c547b67cb1e59f5cd79bac3090d5 | https://www.cnbc.com/2007/09/17/web-glitches-poor-service-cost-firms-online-sales.html | Web Glitches, Poor Service Cost Firms Online Sales | Web Glitches, Poor Service Cost Firms Online Sales
Web site glitches and bad customer service are putting online sales at risk and sending potential customers into the arms of competitors, according to a U.S. study released Monday.
Forty-two percent of consumers who experienced problems during an online transaction swi... |
05f97e82e7764ba58ded870b770a9506 | https://www.cnbc.com/2007/09/17/what-are-collateralized-debt-obligations.html | VIDEO0:0000:00Man on the Street
The talk of the summer up and down Wall Street was the mortgage crisis. At the heart of the problem are CDOs – collateralized debt obligations, which are securities backed by a pool of bonds and loans. Dylan took to the streets of Times Square to find out if the average passerby knew wha... | |
a24e698edfb6b0639857490eb58b1629 | https://www.cnbc.com/2007/09/17/yahoo-begins-testing-new-social-network-site.html | Yahoo Begins Testing New Social Network Site | Yahoo Begins Testing New Social Network Site
Yahoo is testing an experimental social network service called Mash that makes it easy for Yahoo users to share tidbits of their lives with friends and family online, the company said on Sunday.
Exterior view of Yahoo Inc. headquarters in Sunnyvale, California.Paul Sakuma
Ma... |
78b6b02ccf948d00f0260cccaed1888a | https://www.cnbc.com/2007/09/18/a-prescription-for-profits.html | A stealthily placed mandate for medical prescriptions that made its way into the Iraq spending bill could push business toward companies like Quality Systems and Allscripts, Cramer said.
VIDEO0:0000:00Medical Records
The provision will make it illegal for non-electric prescriptions to be written on anything but tamper-... | |
cff4fbb4538b485a5386416db7ac5ba9 | https://www.cnbc.com/2007/09/18/accredited-home-posts-big-loss-survival-at-risk.html | Accredited Home Posts Big Loss; Survival at Risk | Accredited Home Posts Big Loss; Survival at Risk
Accredited Home Lenders, a struggling subprime mortgage lender, on Tuesday posted a $260.2 million quarterly loss and said it remained unsure it would survive the fallout from a slumping U.S. housing market.
The loss was $10.29 per share for the quarter that ended March ... |
a7691a073c230137eae0a58d65f816af | https://www.cnbc.com/2007/09/18/adobe-reports-strong-earnings-raises-guidance.html | Adobe Reports Strong Earnings, Raises Guidance | Adobe Reports Strong Earnings, Raises Guidance
Adobe Systems, the world's largest marker of design software, reported quarterly results and current-quarter targets ahead of Wall Street expectations on strong sales of its updated suite of design products, sending shares up 4%.
VIDEO0:0000:00Adobe's Profit Picture
"As we... |
84450f4428f8f1c17d12cb34fb8bb9b3 | https://www.cnbc.com/2007/09/18/american-cars-to-buy-or-not-to-buywould-you.html | American Cars: To Buy Or Not To Buy--Would You? | American Cars: To Buy Or Not To Buy--Would You?
2007 Lexus LSSource: Lexus.com
We all know them. The person who swears they'll never drive anything but Mercedes,BMW, or Lexus. When it comes to brand loyalty and the prospect of considering different brand cars and trucks, the foreign guys have enjoyed the type of loyalt... |
095ff9978ff1b5fe7b000682603c7cdc | https://www.cnbc.com/2007/09/18/american-home-tries-to-seize-employees-retirement-funds.html | American Home Tries to Seize Employees' Retirement Funds | American Home Tries to Seize Employees' Retirement Funds
The bankrupt Melville-based American Home Mortgage is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings.
If it is successful, the workers may never see the money again. Employees around the country say ... |
f0d7eda5ab3d16954f58011ebf48c9da | https://www.cnbc.com/2007/09/18/ascent-solar-hydro-building-to-develop-product-line.html | Ascent Solar, Hydro Building to Develop Product Line | Ascent Solar, Hydro Building to Develop Product Line
Ascent Solar Technologies and Hydro Building Systems, a division of Norsk Hydro, said they plan to develop a new brise soleil product line with thin film flexible solar modules made by Ascent Solar.
Ascent Solar , shares surged as much as 19% in afternoon trading. Th... |
0f125d2e157f5311b9573322256458e2 | https://www.cnbc.com/2007/09/18/asian-markets-close-mostly-lower-as-financials-weigh.html | Asian Markets Close Mostly Lower as Financials Weigh | Asian Markets Close Mostly Lower as Financials Weigh
Asian markets were mostly lower Tuesday as financial shares lost ground amid spreading turmoil in financial markets. Japan shed 2% while South Korea closed 1.77% lower.
Credit worries flared up after thousands of savers lined up on Monday to pull deposits from Britai... |
821b13389e3a9628c901daef1b034c4a | https://www.cnbc.com/2007/09/18/august-foreclosure-filings-rise-115-from-year-ago.html | August Foreclosure Filings Rise 115% from Year Ago | August Foreclosure Filings Rise 115% from Year Ago
U.S. foreclosure filings rose 36% in August from July and 115% from a year ago, hit by declines in once-hot housing markets such as California, Nevada and Florida, according to a report released Tuesday.
A home is advertised for sale at a foreclosure auction in Pasaden... |
8c297ddf7decdded2f8c509333c55b3b | https://www.cnbc.com/2007/09/18/australias-coles-fullyear-profit-is-little-changed.html | Australia's Coles Full-Year Profit Is Little Changed | Australia's Coles Full-Year Profit Is Little Changed
Australian supermarket chain Coles Group, the target of an A$18.5 billion (US$15.8 billion) takeover bid, said on Wednesday its full-year profit was little changed from a year earlier, as grocery earnings stalled.
Net profit before one-off items was A$792 million, co... |
3c83cc86ae9f585a07cd46c6d2e88fd3 | https://www.cnbc.com/2007/09/18/autozone-profit-misses-forecasts-on-slower-demand.html | AutoZone Profit Misses Forecasts on Slower Demand | AutoZone Profit Misses Forecasts on Slower Demand
AutoZone, the largest U.S. auto parts retail chain, posted weaker-than-expected quarterly earnings as high gas prices curtailed demand, sending shares lower.
Net income for the fourth quarter rose 1.7% to $217.2 million, or $3.23 per share, from $213.5 million, or $2.92... |
89bb07f405a5800c54b2af5f0d34d3cf | https://www.cnbc.com/2007/09/18/best-buy-posts-higher-profit-on-notebook-sales.html | Best Buy Posts Higher Profit on Notebook Sales | Best Buy Posts Higher Profit on Notebook Sales
AP
Retailer Best Buy reported better-than-expected quarterly earnings Tuesday, helped by strong international results and demand for notebook computers, flat-panel televisions and video games, and its shares rose 5%.
The company also raised the low end of its full-year pro... |
336786469cb6b7c519ebfe035e6ba3a7 | https://www.cnbc.com/2007/09/18/boe-delivers-9-billion-emergency-cash-injection.html | BoE Delivers $9 Billion Emergency Cash Injection | BoE Delivers $9 Billion Emergency Cash Injection
The Bank of England pumped an emergency 4.4 billion pounds ($9 billion) into money markets on Tuesday to bring overnight interest rates down after they had shot up in the wake of the crisis engulfing Northern Rock.
Overnight rates hit 6.5% on Monday -- 75 basis points ab... |
5d89156deb2ac1372de5d6468e04a834 | https://www.cnbc.com/2007/09/18/bp-settles-in-four-texas-refinery-blast-cases.html | BP Settles in Four Texas Refinery Blast Cases | BP Settles in Four Texas Refinery Blast Cases
Energy company BP said it had reached a settlement in four civil cases that were in the third week of a trial related to a deadly 2005 explosion at its Texas City, Texas, refinery.
"The four cases that were being tried have settled," said Neil Chapman, a spokesman for BP .
... |
c1c7277986147223c393f363c8252630 | https://www.cnbc.com/2007/09/18/canadian-pension-fund-to-make-auckland-airport-offer.html | Canadian Pension Fund to Make Auckland Airport Offer | Canadian Pension Fund to Make Auckland Airport Offer
A Canadian state pension fund said on Wednesday it will seek a significant minority stake in New Zealand's Auckland International Airport in a proposed offer that values the wholecompany at as much as NZ$4.8 billion (US$3.5 billion).
Shares in Auckland Airport, New Z... |
54e0ba11912f46976c30a01d24247030 | https://www.cnbc.com/2007/09/18/clintons-attackers-giving-her-the-fight-she-loves.html | Clinton's Attackers: Giving Her The Fight She Loves? | Clinton's Attackers: Giving Her The Fight She Loves?
Secretary of State Hillary ClintonAP
John Edwards is attacking Hillary Clinton on health care. He argues that her approach isn't sufficiently confrontational, that she'd be too friendly to the insurance industry and thus couldn't deliver on the priority Democratic pr... |
ede90fef21f5b26226560c505384a61e | https://www.cnbc.com/2007/09/18/darden-restaurants-profit-up-as-customer-traffic-rises.html | Darden Restaurants Profit Up as Customer Traffic Rises | Darden Restaurants Profit Up as Customer Traffic Rises
Darden Restaurants reported a 20% rise in quarterly net earnings, helped by higher prices and increased customer traffic at its Red Lobster and Olive Garden restaurants. Shares of Darden traded up 1.5% in post market trading after finishing the regular session up 3... |
a3eb0f63414e837009d6577028cce16e | https://www.cnbc.com/2007/09/18/daughter-of-buffett-mentor-gives-128m-to-pennsylvania-school-with-profits-from-early-berkshire-hathaway-investment.html | Buffett Watch | Buffett Watch
The daughter of Warren Buffett's mentor and business partner David Dodd is giving $128.5 million over a period of twenty years to the George School in Newtown, Pennsylvania. It's being called "one of the largest single gifts to an existing independent school in the United States."
Buffett talked about th... |
ed5328e175f55151d99e7a4ad2653257 | https://www.cnbc.com/2007/09/18/etrade-warns-on-profit-provisions-for-loan-losses.html | E*Trade Warns on Profit, Provisions for Loan Losses | E*Trade Warns on Profit, Provisions for Loan Losses
E Trade
U.S. online brokerage E*Trade Financialon Monday warned that it expected full-year earnings per share to be sharply below its previous forecasts as it increases provisions for bad loans, and writes down the value of some mortgage linked securities.
The brokera... |
29c4fa599b742b957d0a45240e8354dd | https://www.cnbc.com/2007/09/18/european-stocks-rally-close-higher-on-fed-hopes.html | European Stocks Rally, Close Higher on Fed Hopes | European Stocks Rally, Close Higher on Fed Hopes
European stocks rallied Tuesday afternoon, closing higher, with investors cheered by the prospect of a U.S. Federal Reserve rate cut and encouraged by the British government's intervention to reassure Northern Rock bank depositors.
The London FTSE-100 ,Paris CAC-40 and F... |
65ddfebd820f83f7a9a865852a8244f1 | https://www.cnbc.com/2007/09/18/facebook-backers-create-10-million-fund-for-startups.html | Facebook Backers Create $10 Million Fund for Start-Ups | Facebook Backers Create $10 Million Fund for Start-Ups
Online social networking phenomenon Facebook said on Monday its backers have created an unusual $10 million fund to dole out grants to start-ups with ideas for innovative Facebook applications.
Facebook is working with its primary venture backers, Accel Capital and... |
0da80eb0094f903a9b7fab94fa0c4481 | https://www.cnbc.com/2007/09/18/facebook-paying-money-to-make-money.html | Facebook: 'Paying' Money To Make Money? | Facebook: 'Paying' Money To Make Money?
CNBC.com
Facebook had a pretty smart deal: get innovative kids to create applications for its site--the kind of cool functions that they want to use, which means higher traffic and more ad dollars. But now, Facebook is going to start compensating those innovators, launching a $10... |
edb25e59dd19ab02ef33f1d4e071bd5c | https://www.cnbc.com/2007/09/18/failed-lender-makes-grab-for-employee-funds.html | Failed Lender Makes Grab for Employee Funds | Failed Lender Makes Grab for Employee Funds
Bankrupt American Home Mortgage is attempting to seize as much as $27 million that former employees set aside from paychecks for retirement, according to an attorney representing them.
Employees say Melville, N.Y.-based American Home Mortgage Investment wants to release retir... |
2f598cc2174d8a36b6068c13422f3920 | https://www.cnbc.com/2007/09/18/fast-money-mail-we-answer-your-questions.html | Time to dip into the Fast Money mailbag and answer more of your questions.
Ken From Kansas
Ken writes, “What happened to the recommendation to get out of gold if the Fed dropped its rates? Gold rocketed up and out of sight Tuesday.”
Guy Adami tells Ken to beware of getting into gold.
Evan From Connecticut
Evan writes,... | |
72175ecede8f15093e4ab3f9104efac4 | https://www.cnbc.com/2007/09/18/fed-rate-cut-did-the-move-create-fear.html | Fed Rate Cut: Did The Move Create Fear? | Fed Rate Cut: Did The Move Create Fear?
The Fed's double-barreled rate cut was a surprise, even to traders who wanted a deep cut. But it is already igniting the back-of-mind fear that the Fed had to be very aggressive to head off some unknown economic problems. The Federal Reserve cut the target Fed funds rate by a hal... |
f8758c5e526e7ce594301ed5a009269c | https://www.cnbc.com/2007/09/18/fed-speak-and-your-mortgage-some-expert-talk.html | Fed Speak And Your Mortgage: Some Expert Talk | Fed Speak And Your Mortgage: Some Expert Talk
Since we’re all "Fed, Fed, Fed," it behooves me to weigh in on how a Fed rate cut would affect mortgage interest rates, not to mention the current mortgage despair spiral, as lenders run for cover and investors turn up their collective noses. From everything I hear, it’s no... |
c9d966471625c39dfba2372dafebf029 | https://www.cnbc.com/2007/09/18/fed-surprises-investors-with-steep-rate-cuts.html | Fed Surprises Investors With Steep Rate Cuts | Fed Surprises Investors With Steep Rate Cuts
The Federal Reserve cut two key interest rates by half a point, seeking to prevent a steep housing slump and turbulent financial markets from triggering a recession.
The Fed announced Tuesday that it was reducing its target for the federal funds rate, the interest that banks... |
628f5953e87e67d733bb3e51baffe659 | https://www.cnbc.com/2007/09/18/fitch-calls-for-clarity-on-bank-books.html | Fitch Calls for Clarity on Bank Books | Fitch Calls for Clarity on Bank Books
The current financial turmoil will translate into banks' profits rising more slowly and into fewer buybacks, while disclosure rules need to be tightened, Gordon Scott, managing director of financial institutions at Fitch Ratings, told "Squawk Box Europe."
"I think you'll probably s... |
d276947a70926efd1adcdaaa3bf8bdf8 | https://www.cnbc.com/2007/09/18/ford-could-speed-cost-cuts-as-economy-slows-wsj.html | Ford Could Speed Cost Cuts as Economy Slows: WSJ | Ford Could Speed Cost Cuts as Economy Slows: WSJ
Ford Motor may accelerate cost cutting if a slowing U.S. economy puts the auto maker at risk of missing key financial goals in 2008 and 2009, the Wall Street Journal reported in its online edition on Tuesday, citing an interview with an executive.
"There's more risk than... |
965a00461fc5638567fecacbfa05a152 | https://www.cnbc.com/2007/09/18/gas-pricesobesity-my-apology-but-eyebrow-raised.html | Gas Prices/Obesity: My Apology (But Eyebrow Raised) | Gas Prices/Obesity: My Apology (But Eyebrow Raised)
AP
Last week I blogged about a study from Washington University linking gas prices to obesity. The study proclaimed that for every $1 rise in a gallon of gas, we should see a 15% drop in obesity levels over five years, because people would walk or ride bikes more, and... |
f1a1ad80e5ecbab48cb95e77089840f2 | https://www.cnbc.com/2007/09/18/german-commerzbank-braces-for-higher-subprime-loss.html | German Commerzbank Braces for Higher Subprime Loss | German Commerzbank Braces for Higher Subprime Loss
Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that are set to knock a hole in profits, sources familiar with the matter told Reuters.
The bank could tell investors as early as this week that the roughly ... |
97236fa5b7278914b2ee887f162f9a1d | https://www.cnbc.com/2007/09/18/german-investor-confidence-worsens-on-subprime-fears.html | German Investor Confidence Worsens on Subprime Fears | German Investor Confidence Worsens on Subprime Fears
German investor confidence suffered a bigger-than-expected drop for the fourth consecutive month, a closely watched survey showed Tuesday, pushed down by sustained worries over the U.S. subprime mortgage crisis and how that could affect Europe's biggest economy.
The ... |
e1acde19bb096b19011a49891c67cbf1 | https://www.cnbc.com/2007/09/18/gm-uaw-contract-talks-push-on-key-issues-remain.html | GM, UAW Contract Talks Push on, Key Issues Remain | GM, UAW Contract Talks Push on, Key Issues Remain
Negotiators for the union and General Motors broke off contract talks on Tuesday night and prepared to return to the bargaining table on Wednesday as the union cautioned it could be forced to set a deadline if progress stalled.
A Chevrolet dealership in Loveland, Color... |
6ad89e5c4ae960f4f340b794f43fb26d | https://www.cnbc.com/2007/09/18/hovnanian-focused-on-paring-inventory-ceo-says.html | Hovnanian Focused On Paring Inventory, CEO Says | Hovnanian Focused On Paring Inventory, CEO Says
Home builder Hovnanian Enterprises is focused on reducing its inventory of unsold homes, after a national weekend sales promotion exceeded expectations, Chief Executive Officer Ara Hovnanian said on Tuesday.
"There are interested buyers in the marketplace, much more so th... |
fe27f5580e9083e1abc17015f1063211 | https://www.cnbc.com/2007/09/18/ibm-to-challenge-microsoft-with-free-software.html | IBM to Challenge Microsoft with Free Software | IBM to Challenge Microsoft with Free Software
IBM on Monday said it would start offering free word processing and other office software, joining a growing group of companies with free applications challenging a core Microsoft product.
IBM said it would offer document, spreadsheet and presentation software in a group o... |
fdfa629d1181e352d9b9fc742a3db795 | https://www.cnbc.com/2007/09/18/icahnography.html | Cramer has this rule: Be a lemming. Especially when it comes to following the top investors on Wall Street.
That’s why he has his eye on BEA Systems, the business software company. Since June, Carl Icahn has about quadrupled his position in the company and made some bold statements about BEAS needing to be sold.
VIDEO0... | |
084c8b29cb8bc6704dd12f2358edb661 | https://www.cnbc.com/2007/09/18/imclones-erbitux-and-the-dueling-analysts.html | ImClone's Erbitux And The Dueling Analysts | ImClone's Erbitux And The Dueling Analysts
ImClone - Erbitux
Because it's so extraordinarily rare--if not unheard of--for one analyst to publish research specifically to refute another analyst I thought this is blogworthy.
Last Friday, FBR biotech analyst Jim Reddoch told clients in a research note that he was downgrad... |
238315be240873b78927f2f1b508cf73 | https://www.cnbc.com/2007/09/18/impac-exits-alta-market-cuts-144-jobs.html | Impac Exits Alt-A Market, Cuts 144 Jobs | Impac Exits Alt-A Market, Cuts 144 Jobs
Mortgage lender Impac said it is cutting 144 jobs and completely exiting the alt-A lending market as the mortgage landscape continues to deteriorate.
Nearly all loans Impac originated before the market troubles began were alt-A mortgages. Alt-A mortgages are loans given to custom... |
7155a8868042d97e30915cf6b30674b3 | https://www.cnbc.com/2007/09/18/intel-says-tinier-chipmaking-technology-on-track.html | Intel Says Tinier Chipmaking Technology on Track | Intel Says Tinier Chipmaking Technology on Track
Intel said on Tuesday it would be able to mass-produce computer processors with features one-third smaller than the current cutting edge within two years.
The world's largest chipmaker is now moving its technology to 45 nanometers and has for the first time demonstrated ... |
8eb18b200f8132983b3251a8b5e56157 | https://www.cnbc.com/2007/09/18/kroger-beats-expectations-raises-outlook.html | Kroger Beats Expectations, Raises Outlook | Kroger Beats Expectations, Raises Outlook
KrogerAP
Kroger, the largest U.S. grocer, Tuesday posted a greater-than-expected 28% increase in quarterly profit and raised its full-year forecast, sending its shares up nearly 7%.
The company said it had been able to pass on higher product costs to customers, which helped lif... |
9d1cfea60bc9fce4e7d888b00b4a7933 | https://www.cnbc.com/2007/09/18/lehman-earnings-fall-32-but-beat-expectations.html | Lehman Earnings Fall 3.2% But Beat Expectations | Lehman Earnings Fall 3.2% But Beat Expectations
Lehman Brothers posted a 3.2% decline in quarterly earnings Tuesday as the U.S. investment bank wrote down mortgage and leveraged loan assets, but the results beat expectations and its shares jumped before the market opened.
The decline in earnings, Lehman's first quarter... |
e216f85bbd34601493bcb5c2be96300c | https://www.cnbc.com/2007/09/18/lightning-round-chevron-seagate-boeing-and-more.html | Procter & Gamble : “Procter & Gamble is cheap to the mid-$70s. I want you to stay in it.” Just scale back a bit as the stock goes up, Cramer said. Remember, bulls, bears, hogs…Dominion : “Very solid stock.” Buy, buy, buy!
VIDEO0:0000:00Lightning Round
Omniture : “Stock is going to $35. Do not sell.”Boeing : Cramer is b... | |
2868f6381cf3c38379d05c1eaed8a60f | https://www.cnbc.com/2007/09/18/lightning-round-delta-sears-emc-and-more.html | Delta : “I don’t want to own any airline here,” Cramer said. “I am a believer that oil is not done going up.”
CME Group : The Chicago Merc is a “coiled spring” that’s ready to go to a new high after it reports earnings, Cramer said.
VIDEO0:0000:00Lightning Round
EMC : Don’t be frustrated because EMC isn’t reflecting th... | |
5bc0ccf83cca51e5da1f3829e8e27cfe | https://www.cnbc.com/2007/09/18/mad-mail-should-insider-selling-be-a-concern.html | Dear Jim: Greetings. NVIDIA is down a few points this week on, as far as I can tell, insider selling by a few execs (about 300K shares by one exec, 100K by another). Is this enough to cause concern? If not, how do you determine when it is enough to cause concern? -- Jeff
VIDEO0:0000:00Cramer's Mad Mail
Cramer said: “I... | |
6096e5fcdaf5f5bc5109348ee7f2b015 | https://www.cnbc.com/2007/09/18/millennium-drug-works-as-initial-myeloma-therapy.html | Millennium Drug Works as Initial Myeloma Therapy | Millennium Drug Works as Initial Myeloma Therapy
Millennium Pharmaceuticals said on Tuesday initial results from a large trial of its cancer drug Velcade as an initial treatment for multiple myeloma were so good that the trial was stopped early to allow patients in the control group to receive the therapy.
Shares of th... |
7950834d490e558ab73295dadf26f586 | https://www.cnbc.com/2007/09/18/nasdaq-mulls-selling-stake-wsj.html | Nasdaq Mulls Selling Stake: WSJ | Nasdaq Mulls Selling Stake: WSJ
Nasdaq has weighed selling a piece of itself to an overseas investor to help it seal a deal to buy Nordic exchange operator OMX, the Wall Street Journal reported on its Web site on Tuesday, citing people familiar with the matter.
It is unclear if Nasdaq will ultimately resort to this ap... |
28352efb4fe9ca61a83a58f881675dc8 | https://www.cnbc.com/2007/09/18/northern-rock-says-customers-come-back.html | Northern Rock Says Customers Come Back | Northern Rock Says Customers Come Back
Embattled British bank Northern Rock said a majority of customer calls it had received on Tuesday were to reinvest money in accounts, and queues for cash withdrawal were considerably down from past days.
Britain's government late on Monday promised it would guarantee the savings o... |
97fa4f5d8df0af9547b40d9a034744db | https://www.cnbc.com/2007/09/18/o2-carphone-warehouse-clinch-uk-iphone-sales-deal.html | O2, Carphone Warehouse Clinch U.K. iPhone Sales Deal | O2, Carphone Warehouse Clinch U.K. iPhone Sales Deal
Spanish-owned O2 U.K. and mobile phone retailer Carphone Warehouse have clinched a long- awaited deal to bring Apple's coveted iPhone handsets to Britain.
The touch-screen mobile phone, which combines Apple's popular iPod music player, a video player and Web browser,... |
ebafdb0206fe433acea4856b7ab98413 | https://www.cnbc.com/2007/09/18/obamas-tax-plan-another-sign-of-hillarys-strength.html | Obama's Tax Plan: Another Sign of Hillary's Strength? | Obama's Tax Plan: Another Sign of Hillary's Strength?
I noted earlier that the questions rivals had raised about Hillary Clinton's health plan indicated she may have hit the political sweet spot. Republican Mitt Romney slammed her for a "big government" plan whose signal feature matched one he backed as Massachusetts g... |
29bffbccd669bc552a43c22e09378479 | https://www.cnbc.com/2007/09/18/oil-hits-record-highs-as-fed-cuts-interest-rates.html | Oil Hits Record Highs as Fed Cuts Interest Rates | Oil Hits Record Highs as Fed Cuts Interest Rates
Oil Refinery
Oil futures rose to new records Tuesday after the Federal Reserve cut interest rates by a larger-than-expected half percentage point, raising market hopes that economic growth will accelerate and lift demand even as crude oil and gasoline inventories are tig... |
d2798fbc32e7bb8f004e6ebb4c32c0a5 | https://www.cnbc.com/2007/09/18/opec-would-discuss-output-hike-if-80-oil-lasts.html | OPEC Would Discuss Output Hike if $80 Oil Lasts | OPEC Would Discuss Output Hike if $80 Oil Lasts
OPEC would likely hold consultations about boosting supply again if the price of oil stayed above $80 a barrel for more than 15-20 days, an OPEC source said on Tuesday.
U.S. crude futures hit a fresh record of $81.24 a barrel on Tuesday. OPEC's agreement last week to boo... |
218fa56161792f447fd1c6613389ade6 | https://www.cnbc.com/2007/09/18/pg-confirms-sales-earnings-guidance.html | P&G Confirms Sales, Earnings Guidance | P&G Confirms Sales, Earnings Guidance
Procter & Gambleis insulated from much of the market volatility that has rocked other companies, since consumers typically are reluctant to cut household items like toilet paper and toothpaste from their budgets, its chief financial officer told investors.
"Most consumers don't vie... |
fe7f8ade95817bd3bbcc069441210e78 | https://www.cnbc.com/2007/09/18/profit-makes-strange-bedfellows.html | VIDEO0:0000:00Satellite Tracking
RRSat Global Communications is in such the sweet spot for satellite distribution that even Al-Jazeera chooses to do business with the Israeli company.
RRSat owns a worldwide network of teleports that uplink content to satellites. The demand for RRST’s services stems from its ability to... | |
d085d3f03b9b19a4a07294169d47fab5 | https://www.cnbc.com/2007/09/18/rbs-partners-get-dutch-approval-for-abn-deal.html | RBS, Partners Get Dutch Approval for ABN Deal | RBS, Partners Get Dutch Approval for ABN Deal
A Royal Bank of Scotland-led consortium won approval on Monday from the Dutch Finance Ministry for its bid to buy Dutch bank ABN Amro, the consortium said in a statement.
"This is an important step towards the completion of the Banks' offer for ABN Amro," the consortium add... |
4bab927094f51bcab10db8e7e45b20cd | https://www.cnbc.com/2007/09/18/shanghai-on-alert-as-typhoon-slams-into-china.html | Shanghai on Alert as Typhoon Slams into China | Shanghai on Alert as Typhoon Slams into China
Typhoon Wipha slammed into China on Wednesday, packing high winds and heavy rains, as the financial hub of Shanghai braced for what could be the most destructive storm in a decade.
Residents are evacuated to a public school in Shanghai, China, Tuesday Sept. 18, 2007. China'... |
bbf5f7b496ce368263980e9ca90cff53 | https://www.cnbc.com/2007/09/18/sony-financial-sets-price-range-for-ipo.html | Sony Financial Sets Price Range for IPO | Sony Financial Sets Price Range for IPO
Sony's financial arm plans to raise as much as 348 billion yen ($3.03 billion) after setting a tentative price range of 380,000 to 400,000 yen per share for its initial public offering next month.
The range is lower than an assumed price of 415,000 yen announced earlier this mont... |
bb561a00b727bcfcd92bdf0ae353d714 | https://www.cnbc.com/2007/09/18/standard-chartered-buys-american-express-international-bank.html | Standard Chartered Buys American Express' International Bank | Standard Chartered Buys American Express' International Bank
American Express agreed to sell its international banking subsidiary, American Express Bank, to U.K. bank Standard Chartered in a deal worth approximately $1.1 billion, the company said in a statement Tuesday.
Standard Chartered will pay American Express $3... |
2036e0c3c3d3d409761fef9a53bae020 | https://www.cnbc.com/2007/09/18/stocks-get-support-ahead-of-fed-decision.html | Stocks Get Support Ahead of Fed Decision | Stocks Get Support Ahead of Fed Decision
A relatively tame inflation number and no mean surprises in Lehman Brothers earnings this morning is giving support to stocks ahead of the Fed's momentous decision today. Traders are also watching oil prices crack yet another record level.
Producer prices fell 1.4% in August, sl... |
d849df1316080ca4c7f4d2d284973bf9 | https://www.cnbc.com/2007/09/18/sudden-death-crocs-time-warner-and-more.html | Crocs : “I’m sticking with it … there’s more buyers coming in.”
Time Warner : “Chronically undervalued but I can’t get behind it yet because all the cable stocks are in the doghouse.”
VIDEO0:0000:00Mad Money Sudden Death
XM Satellite Radio : “You want to [go with] Sirius .”
Questions for Cramer?
Questions, comments, su... | |
fdbde70004a6c3a451de602c4d5ce133 | https://www.cnbc.com/2007/09/18/the-lone-oilservice-laggard.html | VIDEO0:0000:00Good Drill Hunting
The U.S. doesn’t dictate the world’s demand for oil anymore, Cramer said tonight on Mad Money, so don’t expect the Tuesday Fed meeting to stop that sector’s surge.
The problem with finding a good oil stock to buy, though, is that Cramer thinks most have already gone up too much – except... | |
92bb4caa7e4c35fef7312df78e875f89 | https://www.cnbc.com/2007/09/18/treasurys-decline-sharply-after-fed-cuts-interest-rates.html | Treasurys Decline Sharply After Fed Cuts Interest Rates | Treasurys Decline Sharply After Fed Cuts Interest Rates
Treasury prices fell sharply Tuesday as investors celebrating the Federal Reserve's half-point cut in interest rates yanked their money out of bonds and shifted it to the stock market.
Treasurys initially rallied on the news of the cut in the federal funds rate to... |
94f9d3dad6ade81d63e97ca379c17ac1 | https://www.cnbc.com/2007/09/18/ultimate-global-growth-trade.html | Despite the credit crunch and amid see-saw-like volatility, commodities continue to break records. Monday was a record day for oil and gold is at its highest price since May 2006. Are commodities still the route to riches?
You might call this the ultimate play on global growth and it's not based in London, New York or ... | |
a782d6ca83a2df84d6add5c17f800fc7 | https://www.cnbc.com/2007/09/18/us-gasoline-demand-slips-to-3month-low.html | U.S. Gasoline Demand Slips to 3-month Low | U.S. Gasoline Demand Slips to 3-month Low
U.S. retail gasoline demand slipped to a three-month low last week as travel continued to slow with the end of the summer vacation season, MasterCard Advisors said on Tuesday.
Motorists pumped 9.542 million barrels of gasoline per day on average in the week ended Sept. 14, down... |
fead338c12f2416a01ff84468a2e4348 | https://www.cnbc.com/2007/09/18/us-gold-futures-hit-28year-high-after-fed-cut.html | U.S. Gold Futures Hit 28-year High After Fed Cut | U.S. Gold Futures Hit 28-year High After Fed Cut
U.S. gold futures rose to a 28-year high in screen trade on Tuesday, after the Federal Reserve slashed the benchmark interest rate by a half-percentage point in a bid to boost the economy.
On the Globex electronic platform used by the New York Mercantile Exchange and its... |
2c9084bce125b56c8e83b68f1693954d | https://www.cnbc.com/2007/09/18/video-roundup-rate-cut-verdict.html | Video Roundup: Rate Cut Verdict | Video Roundup: Rate Cut Verdict
The Federal Reserve acted Tuesday, cutting the fed funds rate and the discount rate by a half-percentage point each. Oil jumped to a new high as the news was announced and immediately afterwards, stocks rallied in the strongest reaction to a Fed move since 2001.
With the Fed funds rate ... |
0d0ef51a64e7e0c692136807b1db607c | https://www.cnbc.com/2007/09/18/volatile-market-will-hurt-bank-of-americas-earnings.html | Volatile Market Will Hurt Bank of America's Earnings | Volatile Market Will Hurt Bank of America's Earnings
Bank of America, the second-largest U.S. bank, said after markets closed Monday that recent volatility in capital and credit markets will have a "meaningful impact" on third-quarter results at its corporate and investment bank.
Speaking at a conference in San Francis... |
5b4485ade87824a91f1e8e282d2be64e | https://www.cnbc.com/2007/09/18/wholesale-prices-tumble-on-lower-energy-costs.html | Wholesale Prices Tumble On Lower Energy Costs | Wholesale Prices Tumble On Lower Energy Costs
Gas PumpMark Lennihan
U.S. producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed Tuesday, it's good news for the Federal Reserve as it weighs an interest rate cut.
The Labor Department said it was the larg... |
996117e46251b4da77769259101d3de9 | https://www.cnbc.com/2007/09/19/accredited-lone-star-amend-merger-deal-cut-price.html | Accredited, Lone Star Amend Merger Deal, Cut Price | Accredited, Lone Star Amend Merger Deal, Cut Price
Subprime mortgage lender Accredited Home Lenders agreed on Tuesday to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm.
Lone Star, which on June 4 had agreed to pay $15.10 per share for Accredited common shares, agreed to a... |
489ce81e4b6910c67140ec1651320b73 | https://www.cnbc.com/2007/09/19/after-the-surprise-rate-cut-are-ceos-happy-now.html | After the Surprise Rate Cut: Are CEOs Happy Now? | After the Surprise Rate Cut: Are CEOs Happy Now?
Chief executives were the among the loudest voices calling for the Federal Reserve to cut interest rates. Now, after the Fed's surprisingly sharp reduction in rates on Tuesday, CNBC asked several CEOs if they're happy.
VIDEO0:0000:00Riding the Fed Funds Rally
Riding the ... |
68b7a1602a68b33c363acd1a6a8b0771 | https://www.cnbc.com/2007/09/19/alitalia-should-remain-italian-deputy-prime-minister.html | Alitalia Should Remain Italian: Deputy Prime Minister | Alitalia Should Remain Italian: Deputy Prime Minister
Italy's Deputy Prime Minister Francesco Rutelli said that Alitalia should remain in Italian hands, the daily La Repubblica reported, citing Rutelli.
The fate of Alitalia "should not be decided by foreign partners but by Italian companies," Rutelli said.
According to... |
2c57cb5905846c54a6ea320f7826e047 | https://www.cnbc.com/2007/09/19/asian-markets-finish-sharply-higher-on-us-rate-cut.html | Asian Markets Finish Sharply Higher on U.S Rate Cut | Asian Markets Finish Sharply Higher on U.S Rate Cut
Asian markets rallied Wednesday after the U.S. Federal Reserve slashed two key interest rates -- the benchmark fed fund rate and the discount rate -- by 50 basis points each. Japan soared 3.7% and South Korea closed 3.5% higher.
The move was a bold bid to shield the w... |
cf8e832cadfb3ee7c78c5310f221a757 | https://www.cnbc.com/2007/09/19/bank-of-japan-leaves-rates-unchanged-after-feds-easing.html | Bank of Japan Leaves Rates Unchanged After Fed's Easing | Bank of Japan Leaves Rates Unchanged After Fed's Easing
The Bank of Japan kept interest rates unchanged as expected on Wednesday, hours after the U.S. central bank slashed rates by a hefty half-percentage point to try to shield the U.S. economy from a housing slump and market turmoil.
Although the Japanese central bank... |
4b83b02c0a601fa16433aad35c84c5a8 | https://www.cnbc.com/2007/09/19/bernanke-make-fannie-freddie-loan-hikes-temporary.html | Bernanke: Make Fannie, Freddie Loan Hikes Temporary | Bernanke: Make Fannie, Freddie Loan Hikes Temporary
Federal Reserve Board chairman Ben Bernanke told a key House leader this week that any move to raise the limit on the value of mortgages that Fannie Mae and Freddie Mac can buy should only be temporary.
In a Sept. 17 letter to House Financial Services Committee chairm... |
0388fb0c88664f8bcfc7841b5050e387 | https://www.cnbc.com/2007/09/19/boe-to-inject-20-billion-to-ease-threemonth-rates.html | BOE to Inject $20 Billion to Ease Three-Month Rates | BOE to Inject $20 Billion to Ease Three-Month Rates
The Bank of England made a surprise U-turn on Wednesday, offering to inject 10 billion pounds ($20 billion) next week into money markets in a bid to bring three-month interest rates down.
The BoE will then hold three further auctions at weekly intervals with the amou... |
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