Capitalist's Edge News Watch

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October 15, 2008

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Equity markets

Dow plunges 733 as new data points to recession
San Francisco Chronicle - 4 Hours ago
has given back all but 126 points of its record 936-point gain of Monday, which came on optimism about the banking system in response to the government's plans to invest up to $250 billion in financial

Stocks dive more than 700 points amid grim retail reports Los Angeles Times

Recession Fears Send Stocks Plumetting Washington Post

all 39 news articles >> Add Comment

Global shares plunge as recession fears deepen
Telegraph - 3 Hours ago
Previous of Companies Next FTSE 100 FTSE 250 Dow Jones Worse-than-expected US retail sales, rocketing unemployment in Britain and signs of slowing demand from China's once booming economy sent investors

Asian Markets Are Set to Dive on Recession Fears CNBC

FTSE drops 7.2 pct as recession fears mount Reuters UK

all 39 news articles >> Add Comment

Oil falls to 13-month low on recession worry
Reuters UK - 5 Hours ago
sliding to a 13-month low on expectations that a deepening economic slowdown will cut into already weakening demand. Investors scurried to safe havens and global stock prices fell sharply as concerns

UPDATE 10-Oil falls to 13-month low on recession worry Forbes.com

Oil ends at 13-month low Money

all 20 news articles >> Add Comment

Data feeds recession worry, slams Wall St
Reuters India - 5 Hours ago
NEW YORK (Reuters) - U.S. stocks extended losses in afternoon trading on Wednesday, after the Federal Reserve said economic activity weakened across the United States in September as businesses rethought

US STOCKS-Data feeds recession worry, slams Wall St. Forbes.com

Stocks plunge more than 700 on retail data Los Angeles Times

all 31 news articles >> Add Comment

Commodities

Oil below $75 as OPEC cuts demand forecast
MSNBC - 70 Minutes ago
NEW YORK - Oil prices closed below $75 a barrel for the first time in nearly 14 months Wednesday after OPEC, fearing that a severe global economic slowdown is unavoidable, slashed its 2009 petroleum demand Add Comment

UPDATE 1-COMMODITIES-Recession fears hit oil, metals, grains
Reuters UK - 3 Hours ago
LONDON, Oct 15 (Reuters) - Most commodity prices fell on Wednesday, dragged down by fears that a global recession would depress demand for raw materials and manufactured goods. Oil slumped 5 percent to

Oil near 13-month low on economic weakness National Post

Oil price slides below 71 dollars to 13-month low Economictimes

all 192 news articles >> Add Comment

Need to know: BAE growth ... Eurostar sales rise ... Opec forecast
The Times - 63 Minutes ago
Unemployment rose at the fastest pace in 17 years in the three months to August, official figures showed. The ILO measure of unemployment rose by 164,000 in the three months to August, taking the jobless Add Comment

Commodities plummet again on recession fears
Washington Post - 4 Hours ago
NEW YORK -- Commodities prices plunged Wednesday as a darkening economic outlook once again led frightened investors to pull their money out chaotic financial markets. Crude oil, copper and agriculture

Oil falls to new '08 low as recession fears grow Sympatico

7:14amOil slides on recession fears Herald Sun

all 10 news articles >> Add Comment

Corporate finance

Acrongenomics, Inc. Announces Share Buyback Program
Forbes.com - 55 Minutes ago
Acrongenomics, Inc. (OTCBB:AGNM) is pleased to announce that its board of directors decided to proceed in a share buyback program. The Company currently has approximately 21 million shares diluted and Add Comment

MBIA Unit Sues Residential Funding Co Over Securitizations
CNN Money - 63 Minutes ago
NEW YORK -(Dow Jones)- MBIA Inc.'s (MBI) insurance unit sued a unit of GMAC Financial Services on Wednesday, claiming it made misrepresentations about the quality of loans underlying the securitization Add Comment

Deloitte Survey: Corporate Taxation System May Undermine Telecommunications Innovation
KOTA Territory News - 64 Minutes ago
Despite 90 percent of Executives Expecting Internet and Wireless Services to Grow in 2008, Compliance Issues Continue to Create Hurdles to New Service Offerings NEW YORK, Oct. 15 /PRNewswire/ -- A Deloitte Add Comment

BRIEF-Brookfield Homes says CFO resigns
Forbes.com - 3 Hours ago
- Oct 15 (Reuters) - Brookfield Homes Corp: * Announces change in chief financial officer and notice of 2008 Q3 results webcast and conference call * Says CFO Paul Kerrigan Resigned * Says Craig Laurie

Brookfield Homes (BHS) Announces Change in CFO Street Insider

all 1 news articles >> Add Comment

IPO

MetLife Raises $2.3 bln Through Issue Of 86.25 mln Shares - Update
RTTNews.com - 71 Minutes ago
MetLife Inc. (MET: News ) closed its recently announced public offering of 75 million shares of common stock and issued an additional 11.25 million shares of common stock pursuant to the exercise in

MetLife raises about $2.3 bln through stock offering MarketWatch

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MetLife Completes Public Offering of Common Stock
Reuters - 4 Hours ago
NEW YORK--(Business Wire)-- MetLife, Inc. (NYSE: MET) announced today that it has closed its recently announced public offering of 75 million shares of common stock and issued an additional 11.25 million

BRIEF-MetLife completes common stock offering TradingMarkets

all 1 news articles >> Add Comment

EnCana says no decision yet on resuming buyback
Reuters Canada - 4 Hours ago
CALGARY, Alberta (Reuters) - EnCana Corp has not yet decided if it will resume buying back its own shares after postponing plans to split into two companies, a spokesman for Canada's biggest oil and gas Add Comment

Fed to conduct $25 bln TSLF auction on Thursday
Reuters - 5 Hours ago
NEW YORK, Oct 15 (Reuters) - The U.S. Federal Reserve will undertake a 28-day $25 billion Term Securities Lending Facility (TSLF) auction on Thursday, accepting Schedule 1 collateral in exchange for Treasuries, Add Comment

Fed watch

Asian Markets Are Set to Dive on Recession Fears CNBC

FTSE drops 7.2 pct as recession fears mount Reuters UK

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Fed's Beige Book Gloomy on Economy
Smart Money - 5 Hours ago
WASHINGTON (Dow Jones) -- As problems in global financial markets intensified last month, economic activity weakened across all 12 Federal Reserve districts, according to a report the Federal Reserve

UPDATE 1-Fed Beige Book-economic activity weak across U.S. Forbes.com

Fed's Beige Book: Economy Weak Throughout US CNBC

all 30 news articles >> Add Comment

Fed: Economy sinks deeper into rut
SignOn San Diego - 58 Minutes ago
WASHINGTON The country has sunk deeper into an economic rut, the Federal Reserve reported Wednesday, reflecting mounting damage from the financial and credit crises. The Fed's new snapshot of business

US economy sinks deeper into rut: Fed Economictimes

U.S. economy sinks deeper into rut CTV.ca

all 6 news articles >> Add Comment

Fed's Kohn says U.S. situation is "quite severe"
Reuters - 59 Minutes ago
NEW YORK, Oct 15 (Reuters) - The United States is undergoing a financial crisis that is nearly without precedent, but taking strong actions now could prevent even greater pain, Federal Reserve Vice Chairman Add Comment

Stockwatch

Rent-A-Center Third Quarter 2008 Financial Results Conference Call to Be Broadcasted
Forbes.com - 5 Hours ago
Rent-A-Center, Inc. (NASDAQ/NNM:RCII) will broadcast its quarterly earnings conference call on Tuesday, October 28, 2008 at 10:45 AM ET over the Internet. This call will be held to discuss the earnings

Cohesant Inc. Reports Results For Third Quarter and First Nine Months of Fiscal Forbes.com

Cadence Announces Third Quarter 2008 Financial Results Webcast Reuters

all 44 news articles >> Add Comment

InterOil Announces Spudding of the Antelope-1 Appraisal Well in Papua New Guinea
Reuters - 52 Minutes ago
TORONTO, ONTARIO, Oct 15 (MARKET WIRE) -- InterOil Corporation (TSX: IOL) (AMEX: IOC) (POMSoX:IOC), today announced that drilling has commenced on the Antelope-1 appraisal well, located approximately

InterOil begins Antelope-1 appraisal drilling Stockwatch

InterOil Corporation: InterOil Announces Spudding of the Antelope-1 Appraisal Well Market Wire

all 4 news articles >> Add Comment

WRAPUP 3-JPMorgan, Wells Fargo profits fall, but top views
Reuters - 4 Hours ago
* Credit losses rise, may remain elevated * JPMorgan and Wells Fargo shares fall less than markets * Hudson City results also top views, shares rise (Adds details, paragraphs 4, 8-9, 26) NEW YORK, Oct

JPMorgan and Wells Fargo Profits Fall, but Top Views ABC News

JPMorgan, Wells Fargo profits fall, but top views Forbes.com

all 40 news articles >> Add Comment

Mergers & acquisitions

Opposition must work fast to prevent Harper take-over
Canadian Dimension - 67 Minutes ago
(From Straight Goods by Ish Theilheimer. Oct 15) Campaign 2008 has come and gone in Canada and left a lot of gaping jaws. The Harper Conservatives got a percentage and a half more of the of vote than Add Comment

Long Term Conditions Alliance faces merger
Health Service Journal - 44 Minutes ago
Members of the Long Term Conditions Alliance were this week set to agree to merge with a new patient representation body. The alliance is expected to become part of National Voices, being developed by Add Comment

Sterlite bid to buy US miner Arasco hits credit crisis snag
Livemint.com - 50 Minutes ago
The development throws a wrench in Asarcoâ??s plans to exit bankruptcy protection, as Sterlite has been the companyâ??s preferred sponsor for its reorganization plan Emily Chasan / Reuters Email Print Add Comment

Sterlite renegotiates Asarco takeover
DNA India - 59 Minutes ago
Asks US firm to cut price as liquidity crisis mountsMUMBAI: Copper producer Sterlite Industries India, a part of Vedanta Resources Plc, is renegotiating the price for its proposed $2.6 billion purchase Add Comment

Economics

Stocks dive more than 700 points amid grim retail reports Los Angeles Times

Recession Fears Send Stocks Plumetting Washington Post

all 39 news articles >> Add Comment

Asian Markets Are Set to Dive on Recession Fears CNBC

FTSE drops 7.2 pct as recession fears mount Reuters UK

all 39 news articles >> Add Comment

UPDATE 10-Oil falls to 13-month low on recession worry Forbes.com

Oil ends at 13-month low Money

all 20 news articles >> Add Comment

US STOCKS-Data feeds recession worry, slams Wall St. Forbes.com

Stocks plunge more than 700 on retail data Los Angeles Times

all 31 news articles >>