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Thu Dec 18 00:45:29 UTC 2008 By Poornima Gupta and Chang-Ran Kim DETROIT/TOKYO (Reuters) - Embattled U.S. automakers General Motors Corp and Chrysler LLC both announced new steps to shore up their dwindling cash on Wednesday as they awaited word on...
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Reuters 18 Dec 08 - 377 days ago
* Optimism from Fed rate cut fades* Apple slumps after Jobs cancels Macworld* Energy companies slip after oil dips below $40* Dow off 1.1 pct, S&P 500 off 1 pct, Nasdaq off 0.67 pct* For up-to-the-minute market news, please click on [STXNEWS/US](Updates..
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The Fed is Out of Ammo? U.S. stocks fell… U.S stocks fell on concern the Fed has few tools left to combat the recession after cutting its benchmark interest rates to a record low. Technology and energy stocks were the biggest drag on the S&P 500 index.
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Tue Dec 16 00:01:33 UTC 2008 NEW YORK (Reuters) - American International Group , the insurer bailed out by the U.S. government in September, said on Monday it sold $39.3 billion of assets to a fund established by the Federal Reserve Bank of New York..
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