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Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids Gazette
Mon, 06 Oct 2008 12:56:00 GMT
GazetteOnline Home Log In Read The e-Edition Newsletters Text Alerts RSS Feeds Data Central Gazette Store FAQ Page Place a Classifed Ad News Home Log In Read The e-Edition Business Newsletters RSS Feeds Data Central Iowa Caucuses Gazette Store Sports ...
Indian stock index sinks to 2-year low - MSN MoneyCentral
Mon, 06 Oct 2008 12:56:00 GMT
MUMBAI, India (AP) - India's stock market fell to a two-year low Monday amid signs that the U.S.-led financial crisis is spreading to Europe, intensifying worries about a global slowdown. The benchmark Sensex sank 724.62 points, or 5.78 percent, to ...
Financial Crisis Relief in Germany as bail-out agreed for Hypo Real ... - Euro News
Mon, 06 Oct 2008 12:35:00 GMT
There is huge relief in Germany after news that the government and the banking sector have agreed a rescue package for the stricken lender Hypo Real Estate It is understood the financial sector has agreed to add 15 billion euros to an initial 35 ...
Deals of the Day: The Last Days of Lehman Brothers - Wall Street Journal
Mon, 06 Oct 2008 12:28:00 GMT
Fortis and Hypo Real Estate Bank: A Belgian government takeover of Fortis failed, so it will be sold to France’s BNP Paribas in a forced sale. German state and financial institutions will take over Hype Real Estate. Why? “The leaders of Europe ...
Euro loses ground against dollar - MSN MoneyCentral
Mon, 06 Oct 2008 11:02:00 GMT
FRANKFURT, Germany (AP) - The euro slid to a 13-month low against the dollar Monday after European leaders came away from a weekend meeting without announcing a bailout plan for the continent's troubled financial sector. The 15-nation euro bought $1 ...
Asian Stocks Fall to 3-Year Low as Credit-Market Crisis Widens - Bloomberg
Mon, 06 Oct 2008 10:55:00 GMT
Oct. 6 (Bloomberg) -- Asian stocks fell, dragging the region's benchmark index to its lowest level in more than three years, as deteriorating credit markets forced new bailouts of Hypo Real Estate Holding AG and Fortis. Japan's Mitsubishi UFJ ...
German government, banks agree to $69 billion bailout for Hypo - Detroit Free Press
Mon, 06 Oct 2008 10:55:00 GMT
BERLIN — Germany on Sunday guaranteed all private bank accounts and negotiated a 50 billion euro ($69 billion) bailout deal for Hypo Real Estate AG as Europe’s second largest economy sought to ward off financial crisis. The Finance Ministry and ...
Emerging Markets Head for Worst Drop Since '97 as Russia Slumps - Bloomberg
Mon, 06 Oct 2008 10:47:00 GMT
Oct. 6 (Bloomberg) -- Emerging market stocks headed for their biggest one-day decline since 1997 as the global banking crisis escalated with European bailouts of Hypo Real Estate Holding AG and Fortis. Russia's Micex index plunged 16 percent before ...
UPDATE 1-United Community Banks sees big Q3 loss - Reuters
Mon, 06 Oct 2008 10:47:00 GMT
Oct 6 (Reuters) - United Community Banks Inc (UCBI.O: Quote , Profile , Research , Stock Buzz ) forecast a huge loss for the third quarter, as it wrote down real estate assets and increased its provision for bad loans during the quarter. The bank ...
Hypo Real CEO, chairman set to resign - sources - Forbes
Mon, 06 Oct 2008 09:14:00 GMT
MUNICH, Oct 6 (Reuters) - German lender Hypo Real Estate's chief executive, Georg Funke, is expected to resign within days after the Berlin government was forced to salvage a bailout for the bank with the help of the financial sector, two financial ...
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