by bob keefe cox news service
(Sunday, Oct. 12, 2008)
Bob Milat has been in the wine business in one way or another for about 50 years. Never does he remember an autumn quite as bad as this one. » Read story.
Nation a case study as companies bid for stake in Iraq
by sebastian abbot the associated press
(Sunday, Oct. 12, 2008)
Recurrent violence in oil-rich parts of Nigeria could provide a sobering lesson for oil companies hoping to work in Iraq — a place that is much more dangerous despite the fact that attacks are at their lowest level in more than four years. » Read story.
by nancy trejos the washington post
(Sunday, Oct. 12, 2008)
The stock market’s prolonged tumble has wiped out more than $2 trillion in Americans’ retirement savings in the last 15 months, a blow that could force workers to stay on the job longer than planned, tighten their wallets and possibly further stall an economy reliant on consumer spending, Congress’ top budget analyst said last week. » Read story.
Energy firm’s growth seen as in peril; CEO sells stock
By Arkansas Democrat-Gazette Staff and Wire Reports
(Saturday, Oct. 11, 2008)
Chesapeake Energy Corp. is scrambling to sell assets and cut costs as falling energy prices and tightening credit threaten to derail the company’s dramatic growth. » Read story.
by tom krisher the associated press
(Saturday, Oct. 11, 2008)
DETROIT — General Motors Corp. is likely to announce further production cuts and possible plant closures as early as next week as it deals with slumping sales and a collapse in its stock price, a person with detailed knowledge of the company’s plans said Friday. » Read story.
Week worst on record for the Dow
democrat-gazette press services
(Saturday, Oct. 11, 2008)
U.S. stocks fell for an eighth straight day in a whipsaw session Friday that produced the Dow Jones industrial average’s biggest point swing ever. » Read story.
(Friday, Oct. 10, 2008)
Wall Street capped its worst week ever with a wild session Friday that saw the Dow Jones industrials rocket within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually end with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses made many stocks tempting for traders looking for bargains. » Read story.
Dow fluctuating as financial crisis deepens
the associated press
(Friday, Oct. 10, 2008)
Stock prices careened lower Friday in Asia and Europe and seesawed wildly in the United States, extending a stampede of selling that began on Wall Street a day earlier and deepening the global financial crisis. » Read story.
the associated press
(Friday, Oct. 10, 2008)
Oil prices briefly plunged below $79 a barrel Friday, dropping to the lowest level in nearly 13 months as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis. » Read story.
associated press
(Friday, Oct. 10, 2008)
University of Arkansas police have opened their first station in a dormitory on the Fayetteville campus. » Read story.
bloomberg news
(Friday, Oct. 10, 2008)
Wells Fargo & Co.’s $11.7 billion buyout of Wachovia Corp. won U.S. antitrust clearance, in a transaction that will create the largest U.S. bank by branches. » Read story.
(Friday, Oct. 10, 2008)
Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to a loss of just over 200, and the other major indexes fluctuated as well. » Read story.
democrat-gazette press services
(Friday, Oct. 10, 2008)
Citigroup Inc. walked away from its attempted purchase of part of Wachovia Corp. on Thursday, handing victory to Wells Fargo & Co. in a struggle for the nation’s sixth-biggest bank. » Read story.
Ford, too, hits a low; S&P says it may cut automakers’ debt rating further
democrat-gazette press services
(Friday, Oct. 10, 2008)
General Motors Corp. tumbled to its lowest in New York trading in 58 years Thursday and Ford Motor Co. fell to almost a 26-year low as the U.S. auto-sales outlook worsened, and Standard & Poor’s said it could cut their debt deeper into junk status. » Read story.
by grant smith and ayesha daya bloomberg news
(Friday, Oct. 10, 2008)
The Organization of Petroleum Exporting Countries is “very likely” to cut oil production at its extraordinary meeting in Vienna on Nov. 18 because prices have fallen “dramatically,” the group’s President Chakib Khelil said Thursday. » Read story.
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