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House rejects bailout bill; stocks plunge

Source: Crain's Cleveland Business

New York City : NY : USA | about 1 year ago

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House of Representatives defeated the proposed $700 billion financial bailout plan. The vote was 205 in favor, 228 against. "It is very disappointing that the House turned down the opportunity to pass major financial legislation which could have provided a bulwark of stability against continuing...

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Credit markets tight as possible Senate vote looms

News Source: Belleville News-Democrat | about 1 year ago

The credit markets remained choked Wednesday ahead of a possible Senate vote on the bank rescue plan, sending key lending rates and demand for Treasurys higher. Two House leaders expressed optimism that the $700 billion bill to take risky mortgage-...
Stocks extend declines after snapback rally

News Source: Bradenton Herald | about 1 year ago

Each number is a further reminder of how much pain is being felt in the economy, and the data is likely to motivate more investors to pull more money out of stocks. The stock market's pullback follows a steep sell-off Monday and a snapback rally...
Stocks stage comeback

News Source: Miami Herald | about 1 year ago

Wall Street snapped back after its biggest selloff in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no...
China Daily: US jobless claims pushed to 7-year high

News Source: Androscoggin News | about 1 year ago

US jobless claims pushed to 7-year high (Agencies) Updated: 2008-09-30 14:38 The department said new requests for jobless benefits for the week ending Sept. 20 increased by 32,000 to a seasonally-adjusted 493,000, much higher than analysts'...
Stocks rebound; credit markets stall

News Source: Denver Rocky Mountain News | about 1 year ago

Wall Street snapped back Tuesday after its biggest sell-off in years, but the seized-up credit markets where businesses turn to raise money showed no sign of relief. The recovery in stocks wasn't unexpected, amid growing expectations that lawmakers...
Stocks stage comeback, but credit markets contract

News Source: Houston Chronicle | about 1 year ago

Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money...