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Business



BBC News
Canada Increases Swap Agreement With Fed to $30 Bln (Update2)
Bloomberg - 5 hours ago
By Greg Quinn Sept. 29 (Bloomberg) -- The Bank of Canada tripled the size of an agreement with the Federal Reserve to access US dollars if needed, to $30 billion, in a coordinated effort to shore up turbulent credit markets.
Cbanks boost efforts but US lawmakers reject bailout guardian.co.uk
Fed makes billions available to battle crisis The Associated Press
Forbes - CNBC - BloggingStocks - TheStreet.com
all 970 news articles »

Times Online
Bailout plan rejected - supporters scramble
CNNMoney.com - 1 hour ago
By Chris Isidore, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- The fate of the government's $700 billion financial bailout plan - a far-reaching attempt to stem a growing economic crisis - was thrown into doubt Monday as the House rejected the ...
House Rejects Bailout Package, 228-205; Stocks Plunge New York Times
Why did the bail-out bill fail? BBC News
CNBC - The Associated Press - Los Angeles Times - Boston Herald
all 1,772 news articles »

AFP
Citigroup buys Wachovia bank assets for $2.2B
CNNMoney.com - 1 hour ago
As part of all-stock deal, Citi will acquire deposits, loans from nation's fourth largest bank. Citi also to raise $10B in stock sale, cuts dividend.
Video: Citi aqcuires Wachovia banking ops ReutersVideoCitigroup to buy Wachovia banking operations The Associated Press
MarketWatch - guardian.co.uk - Bizjournals.com - BusinessWeek
all 1,674 news articles » WB - C

Reuters
Bain, Hellman Acquire Lehman Investment Unit for $2.15 Billion
Bloomberg - 1 hour ago
By Jason Kelly and Jonathan Keehner Sept. 29 (Bloomberg) -- Bain Capital LLC and Hellman & Friedman LLC agreed to buy most of the asset-management unit of bankrupt Lehman Brothers Holdings Inc. in a deal that values the business at $2.15 billion, ...
Bai and H&F in deal to buy Lehman assets Reuters
Bain joins purchase of Lehman unit Bizjournals.com
The Associated Press - CFO.com Magazine - InvestmentNews - New York Times
all 172 news articles » OTC:LEHMQ - MS - MTU

Boston Globe
ING will not make offer for ABN AMRO Netherlands
Reuters - 35 minutes ago
"After careful consideration ING concluded that a transaction would not meet its financial requirements," ING said in a statement.
UPDATE: ING Studying Options, Won't Seek ABN Assets CNNMoney.com
Europe's Banks Grapple With Bailout Rejection Forbes
AFP - Financial Times - MarketWatch - eTaiwan News
all 1,295 news articles » OTC:FORSY - ING

Canada.com
Apple stock tumbles on worries about consumer belt-tightening
Los Angeles Times - 1 hour ago
Apple's shares plunged almost 18% today after two brokerage firms predicted that consumer belt-tightening would hurt sales of the company's Mac computers and iPods.
Apple shares take a pounding on downgrades MarketWatch
Apple Falls Most in 8 Months on Morgan Stanley Cuts (Update3) Bloomberg
CNNMoney.com - The Associated Press - guardian.co.uk - Wall Street Journal
all 128 news articles » AAPL - MS - BOM:APPLEFIN

Reuters
Wall St. fallout could cost NY $3.5B in lost taxes
Bizjournals.com - 41 minutes ago
Fallout from the turmoil on Wall Street could cost the state $3.5 billion in lost tax revenue over the next year and a half, state Comptroller Thomas DiNapoli predicted on Monday.
Wall Street Woes May Cut New York State Revenue by $3.5 Billion Bloomberg
Wall Street bonuses may fall 50 percent Reuters
New York Times - Newsday - WCAX - Politics on the Hudson
all 44 news articles »

Finance and Commerce
Circuit City's Last Stand?
Forbes - 1 hour ago
No one doubts that the coming holiday season will be a tough one for retailers. The hope was that solid demand for electronics would at least keep the bleeding under control.
UPDATE: Circuit City Loss Widens, Pulls Outlook Amid Review CNNMoney.com
Circuit City loss widens as sales, cash decline MarketWatch
Bloomberg - The Associated Press - Reuters - Consumer Electronics Net
all 181 news articles » CC - BBY

RTT News
Cephalon to pay $425M for improper drug marketing
The Associated Press - 1 hour ago
PHILADELPHIA (AP) - Drug maker Cephalon, completing a previously announced settlement, will pay $425 million for illegally marketing a highly addictive lollipop painkiller and two other drugs for non-approved uses.
Cephalon Agrees to Greater Oversight Wall Street Journal
UPDATE 1-Cephalon to pay $425 mln to settle gov't probes Reuters
Bizjournals.com - Wall Street Journal Blogs - MarketWatch - Salt Lake Tribune
all 171 news articles » CEPH - OTC:CMTX

The Standard
Buffett Buys Stake in Chinese Battery Manufacturer
New York Times - 1 hour ago
By KEITH BRADSHER HONG KONG - The billionaire investor, Warren E. Buffett, announced Monday that he had agreed to buy a 9.89 percent stake in a Chinese battery manufacturer that plans to sell electric cars in the United States by 2010.
UPDATE 1-MidAmerican says Constellation buy on track Reuters
Buffett Backs China Green-Auto Venture BusinessWeek
Bloomberg - Greentech Media - The Standard - MotorTrend Magazine
all 116 news articles » HKG:1211 - CEG - HKG:0904
AT&T Leaves DISH Hanging
Forbes - 34 minutes ago
AT&T left DISH Network out in the cold when it announced that it will switch to DISH's rival DirecTV Group when its contract expires in January.
DISH Needs New Partners, Better Service, To Stay Relevant CNNMoney.com
AT&T chooses DirecTV over Dish Network Bizjournals.com
Bloomberg - Reuters - Barron's - TheStreet.com
all 115 news articles » DISH - T - DTV

AFP
Morgan Stanley Imports Capital
Forbes - 3 hours ago
Mitsubishi UFJ Financial Group (nyse: MTU - news - people ) and Morgan Stanley (nyse: MS - news - people ) today announced that the two companies have reached a definitive agreement under which MTU is investing $9 billion in equity in Morgan Stanley ...
Morgan Stanley Gets $9 Billion From Mitsubishi UFJ (Update3) Bloomberg
Morgan Stanley Completes Mitsubishi Deal New York Times
Bizjournals.com - CNNMoney.com - MarketWatch - guardian.co.uk
all 236 news articles » MTU - MS - UB

Current Business:


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2,183.34 -3.23 (-0.15%)
1,213.27 +4.09 (0.34%)

10y bond
3.86% +0.08 (2.12%)

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106.0500 -0.2300 (-0.22%)
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Recent quotes

NamePriceChangeMktCap
GBL68.00+13.89 (25.67%)2.11B
BBX1.90+0.10 (5.56%)106.94M
RIMM70.76-26.77 (-27.45%)39.94B
WB10.00-3.70 (-27.01%)21.59B
WB-T342.00-258.00 (-43.00%)1.38B
SZE13.50+3.22 (31.32%)20.50B
FRE2.00+0.14 (7.53%)1.29B
FFIV23.84+1.32 (5.86%)1.92B
SCUR5.63-0.01 (-0.18%)383.84M
BOLDQ0.00070.0000 (0.00%)12,050.00
By Peter Robison and Dina Bass Sept. 27 (Bloomberg) -- Sally Rawlings was one of the last people to buy shares in Washington Mutual Inc., showing faith that her hometown Seattle savings and loan would be able to weather its financial crisis.
JPMorgan Builds Strength With WaMu Deal in Tense Age
AT&T Switches to DirecTV
By KATHY SHWIFF AT&T Inc. is switching its signal to DirecTV Inc. from Dish Network Corp., starting Jan. 31. After AT&T's satellite-TV agreement with Dish expires, the giant telecom will market and sell DirecTV's service as a co-branded ...
AT&T drops Dish for DirecTV











Sector summary

Sector Change % down / up
Basic Materials -3.92%






Capital Goods -0.95%






Conglomerates -0.98%






Cons. Cyclical +0.00%






Cons. Non-Cyclical -0.29%






Energy -2.08%






Financial +0.62%






Healthcare +0.20%






Services +0.29%






Technology -0.93%






Transportation -0.11%






Utilities +1.20%






Leaders
Change Mkt Cap
National City Corporation NCC
-25.65% 2.86B
Indevus Pharmaceuticals IDEV
102.89% 272.21M
Capital Corp. of the West CCOW
262.00% 117.46M
Research In Motion Limite... RIM
-28.15% 40.97B
Sadia SA (ADR) SDA
-37.79% 2.13B
Wachovia Corporation WB
-27.01% 21.59B
Eli Lilly & Co. LLY
0.47% 53.23B
Research In Motion Limite... RIM
-28.15% 40.97B
JPMorgan Chase & Co. JPM
11.00% 165.80B
KB Home KBH
1.89% 1.93B

Reid: Significant progress on bailout deal
By Mark Wilson, Getty Images By Ken Dilanian and Fredreka Schouten, USA TODAY WASHINGTON - The Senate's top Democrat says there's been significant progress on a $700 billion bailout to rescue Wall Street.
Senate leader: Significant progress on bailout
US Economy Propped Up by Global Trade

Tuesday, September 2, 2008

Google Web Browser

Today Google introduced their new open source web browser for windows vista. I downloaded it a short time ago, it's nice but not what I expected from Google. It is useful only for it's bookmarking of your most visited sites. I can't say I hate it because I have not had much experience with it yet, but for now I still prefer FireFox at this point in time unless people begin to start writing their own personal spin adding on to the browser. Click here to download Chrome.

Google search engine is still in my opinion the best. That is one setting on the browser I chose not to change.

One suggestion for my readers is to also check out Lively by Google. This is a cool application in which you can design your own character in a 3D world and enter into the many different rooms created by Lively users. If you have an Avatar, then this is the place for you. Click here to check out Lively.

Good job Google, and keep the cool applications coming.

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