http://www.realclearmarkets.com/ en Copyright 2008 Fri, 17 Oct 2008 15:46:32 -0500 * White House lowers expectations for EU meeting * Fed's Evans says US job market points to recession * U.S. consumer confidence in steepest-ever drop * Dow ends down 1.4 pct on recession fears By Eddie Evans and Claudia Parsons NEW YORK, Oct 17 (Reuters) - U.S. consumer confidence andnew-home construction plummeted in recent weeks http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/topwrap_11_more_signs_of_us_recession__bush__sarkozy_to_meet.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/topwrap_11_more_signs_of_us_recession__bush__sarkozy_to_meet.html Reuters Fri, 17 Oct 2008 15:46:30 -0500 BOSTON (Reuters) - Shock waves from the globalfinancial crisis are now being felt in almost every corner ofworking America as companies press the eject button onincreasing numbers of employees. While the ax has been falling for months in the financialand home-building industries -- where the current economicdownturn started -- as well as the http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_analysis_layoffs_spreading_across_corporate_america.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_analysis_layoffs_spreading_across_corporate_america.html Scott Malone And Jim Finkle Reuters Fri, 17 Oct 2008 15:46:25 -0500 * Housing starts, consumer confidence fuel early gloom * Honeywell cuts outlook, leads manufacturers lower * Dow down 1.4 pct, S&P down 0.6 pct, Nasdaq down 0.3 pct (Updates to close) By Kristina Cooke NEW YORK (Reuters) -U.S. stocks fell Friday onweakness in manufacturing and financial stocks after bleakdata on consumer confidence and http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_street_slips_as_recession_worries_nag.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_street_slips_as_recession_worries_nag.html Reuters Fri, 17 Oct 2008 15:46:21 -0500 * U.S. stocks fall as fears rise of a worldwide recession * Oil rises on expectations OPEC to cut supplies * European stocks rise, as oil prices drive energy shares * U.S. dollar rebounds against yen (Recasts with close of U.S. markets) By Herbert Lash NEW YORK (Reuters) - U.S. stocks fell Fridayafter weak U.S. housing and consumer confidence http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_fall_on_dismal_data__oil_rises.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_fall_on_dismal_data__oil_rises.html Reuters Fri, 17 Oct 2008 15:46:16 -0500 BOSTON (Reuters) - Shockwaves from the globalfinancial crisis are now being felt in almost every corner ofworking America as companies press the eject button onincreasing numbers of their employees. While the ax has been falling for months in the financial,homebuilding and auto industries -- where the current economicdownturn started -- makers of http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/analysis_layoffs_spread_across_working_america.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/analysis_layoffs_spread_across_working_america.html Scott Malone And Jim Finkle Reuters Fri, 17 Oct 2008 15:31:23 -0500 WASHINGTON (Reuters) - A top U.S. lawmaker hasasked the chief executive of American International Group for details on how the company has used its $123billion of taxpayer rescue funding so far. Rep. Henry Waxman, chairman of the U.S. House Oversight and Government Reform Committee, alsosought a list of events, retreats and conferences paid for http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/lawmaker_asks_aig_for_documents_on_u_s__funding.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/lawmaker_asks_aig_for_documents_on_u_s__funding.html Reuters Fri, 17 Oct 2008 15:31:19 -0500 NEW YORK (Reuters) -U.S. stocks fell Friday onweakness in manufacturing and financial stocks after bleakdata on consumer confidence and construction, but the Dowstill snapped a disastrous three-week losing streak with itsbest weekly gain in 5-1/2 years. The Dow Jones industrial average fell 127.04points, or 1.41 percent, to end unofficially at http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_falls_as_recession_worries_weigh.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_falls_as_recession_worries_weigh.html Reuters Fri, 17 Oct 2008 15:31:14 -0500 (Updates to show stocks modestly higher in volatiletrading) NEW YORK (Reuters) - U.S. stocks were moderatelyhigher in volatile late afternoon trading on Friday, as GoogleInc's reassuring results and rising energy stocksoffset worries about the economy. The market at one point turned negative before movinghigher again. Traders said the day's http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_moderately_higher_in_choppy_trade.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_moderately_higher_in_choppy_trade.html Reuters Fri, 17 Oct 2008 14:46:04 -0500 WASHINGTON (Reuters) - The U.S. Congress hasapproved $5 million for an independent study of possiblespace-based missile defenses, a potential step toward a systemonce mocked as "Star Wars." The seed money was included in a little-noticed part of the2009 Defense Appropriations bill, signed into law by President Bush on Sept. 30 as part of a http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/u_s__to_study_possible_space_based_defense.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/u_s__to_study_possible_space_based_defense.html Jim Wolf Reuters Fri, 17 Oct 2008 14:16:00 -0500 * Caisse d'Epargne has 600 mln-euro derivatives trading loss * Finance ministry orders special audit of all banks * Caisse says does not affect Banque Populaire merger * French President slams Caisse d'Epargne over trading loss (Adds comments from French President) By Marcel Michelson and Matthieu Protard PARIS, Oct 17 (Reuters) - France ordered http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/french_savings_bank_suffers__808_mln_trading_loss.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/french_savings_bank_suffers__808_mln_trading_loss.html Reuters Fri, 17 Oct 2008 14:01:25 -0500 * Oil rises alongside global stock markets * Expectation of OPEC supply cut lends support (Updates prices) NEW YORK (Reuters) - Oil jumped 4 percent to near$73 a barrel on Friday, spurred by a broader rise acrossfinancial markets and expectations OPEC could cut output at anemergency meeting next week. U.S. stocks rose as investors hunted for http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises_4_pct_on_opec__global_markets.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises_4_pct_on_opec__global_markets.html Reuters Fri, 17 Oct 2008 13:46:14 -0500 * Decent earnings attract bargain hunters * Google jumps after profit tops estimates. * Housing starts, consumer confidence fuel early gloom * Honeywell cuts outlook, leads manufacturers lower * Dow up 3 pct, S&P up 3.6 pct, Nasdaq up 3.3 pct (Updates to early afternoon) By Kristina Cooke NEW YORK (Reuters) - U.S. stocks rose in choppytrade http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_climbs_as_earnings_reassure.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_climbs_as_earnings_reassure.html Reuters Fri, 17 Oct 2008 13:15:48 -0500 NEW YORK (Reuters) - Warren Buffett tried topersuade demoralized investors the U.S. stock market is notfalling off a cliff. Not everyone was immediately convinced. The second-richest American and perhaps the world's mostrevered investor, says he is buying U.S. stocks for hispersonal account. "A simple rule dictates my buying: Be fearful when http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/buffett_s__buy_now__call_gets_lukewarm_reception.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/buffett_s__buy_now__call_gets_lukewarm_reception.html Jonathan Stempel Reuters Fri, 17 Oct 2008 13:15:44 -0500 NEW YORK (Reuters) - U.S. stocks surged in volatiletrade Friday after tech bellwether Google Incposted reassuring results and energy stocks tracked the priceof oil higher. The S&P 500 briefly rose more than 4 percent. Traders citedbargain-hunting as contributing to the steep rise. The Dow Jones industrial average was up 250.25points, or 2.79 http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_rallies_on_google__energy_stocks.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_rallies_on_google__energy_stocks.html Reuters Fri, 17 Oct 2008 13:00:51 -0500 * U.S. stocks rise on bargain hunting, Google * Yen gains broadly as risk appetite fades * Oil rises on expectations OPEC to cut supplies (Recasts with close of European markets, U.S. stocks higher,freshens pricings) By Herbert Lash NEW YORK (Reuters) - U.S. and European stocks rosesharply Friday, as energy shares rose on higher oil priceson http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_rise_on_bargain_hunting__oil_rall.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_rise_on_bargain_hunting__oil_rall.html Reuters Fri, 17 Oct 2008 12:46:06 -0500 BOSTON (Reuters) - Shock waves from the globalfinancial crisis are now being felt in almost every corner ofworking America as companies press the eject button onincreasing numbers of employees. While the ax has been falling for months in the financialand home-building industries -- where the current economicdownturn started -- as well as the http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/analysis_layoffs_spreading_across_corporate_america.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/analysis_layoffs_spreading_across_corporate_america.html Scott Malone And Jim Finkle Reuters Fri, 17 Oct 2008 12:30:25 -0500 * Oil rises alongside global stock markets * Expectation of OPEC supply cut lends support(Updates prices) NEW YORK (Reuters) - Oil jumped $4 to nearly $74 abarrel on Friday, spurred by a broader rise across financialmarkets and expectations OPEC could cut output at an emergencymeeting next week. U.S. stocks gained slightly in skittish trade, with http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises__4_on_opec__global_markets.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises__4_on_opec__global_markets.html Reuters Fri, 17 Oct 2008 12:15:38 -0500 NEW YORK (Reuters) - U.S. stocks vaulted sharplyhigher in volatile trade Friday, driving the Dow back above9,000 as reassuring results from Google Inc and IBM buoyed the technology sector and energy stocks rosewith oil. Traders also cited investors who were bargain hunting forstocks that have been beaten down this month. The Dow Jones industrial http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_soars_2_pct_on_reassuring_profits__energy.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_soars_2_pct_on_reassuring_profits__energy.html Reuters Fri, 17 Oct 2008 12:15:33 -0500 * Oil rises alongside global stock markets * Expectation of OPEC supply cut lends support (Updates with settlement prices) NEW YORK (Reuters) - Oil jumped $2 to near $72 abarrel Friday, spurred by a broader rise across financialmarkets and expectations OPEC could cut output at an emergencymeeting next week. U.S. stocks rose as investors hunted http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises__2_on_opec__global_markets.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/oil_rises__2_on_opec__global_markets.html Reuters Fri, 17 Oct 2008 14:30:57 -0500 * Housing starts, consumer confidence fuel recession fear * Honeywell cuts outlook, leads manufacturers lower * Google jumps after profit tops estimates. * Dow off 0.8 pct, S&P 500 off 0.7 pct, Nasdaq off 0.4 pct (Updates to midday) By Ellis Mnyandu NEW YORK (Reuters) - U.S. stocks traded moderatelylower in choppy trade Friday on a report http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_recession_worry_hits_wall_st.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_recession_worry_hits_wall_st.html Reuters Fri, 17 Oct 2008 11:16:17 -0500 (Refiles to insert inadvertently dropped word 'who' inparagraph 3) NEW YORK (Reuters) - U.S. stocks gained slightlyin skittish trade Friday, with the Nasdaq briefly rising 1percent as investors scoured the market for beaten-downshares, offsetting mounting concerns about recession. A report showing that construction starts on U.S. homesslid to a http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/refile_us_stocks_market_edges_up_on_bargain_hunting__google.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/refile_us_stocks_market_edges_up_on_bargain_hunting__google.html Reuters Fri, 17 Oct 2008 10:30:51 -0500 NEW YORK (Reuters) - U.S. stocks gained slightlyin in skittish trade Friday, with the Nasdaq briefly rising1 percent as investors scoured the market for beaten-downshares, offsetting mounting concerns about recession. A report showing that construction starts on U.S. homesslid to a new 17-1/2-year low increased recession fears, butreassuring http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_edges_up_on_bargain_hunting__google.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_market_edges_up_on_bargain_hunting__google.html Reuters Fri, 17 Oct 2008 10:30:46 -0500 * U.S. stocks fall; weak housing data spurs recession fear * Yen gains broadly as stocks retreat, risk appetite fades * Government debt prices up as safety bids return * Oil rises as OPEC expected to cut supplies (Recasts with U.S. markets, adds byline; changes dateline;previous LONDON) By Herbert Lash NEW YORK (Reuters) - A new batch of weak http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_slide_on_housing_data__oil_up_a_t.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_u_s__stocks_slide_on_housing_data__oil_up_a_t.html Reuters Fri, 17 Oct 2008 10:00:29 -0500 NEW YORK (Reuters) - U.S. stocks cut lossesFriday and the Nasdaq briefly turned positive as a search forbargains by investors tempered recession worries. Reassuring results from tech bellwethers Googleand Advanced Micro Devices Inc provided a positivespur. The Dow Jones industrial average fell 72.08 points,or 0.80 percent, to 8,907.18. The http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_street_cuts_losses_amid_bargain_hunting.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_street_cuts_losses_amid_bargain_hunting.html Reuters Fri, 17 Oct 2008 09:30:33 -0500 NEW YORK (Reuters) - U.S. stocks slid Friday asa report pointing to further deterioration in housing added torecession fears, and offset reassuring profits frommanufacturer Honeywell International Incand Google Inc. The Dow Jones industrial average fell 234.88 points,or 2.62 percent, to 8,744.38. The Standard & Poor's 500 Index lost 25.17 http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_st_pulled_lower_by_recession_worry.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_st_pulled_lower_by_recession_worry.html Reuters Fri, 17 Oct 2008 08:45:24 -0500 * Slide in Sept housing starts adds to recession fears * Consumer sentiment on tap * Buffett says he's buying stocks * Honeywell, Google beat profit estimates (Recasts first paragraph, updates prices) By Ellis Mnyandu NEW YORK (Reuters) - U.S. stocks headed for a loweropen Friday as a report pointing to further deterioration inhousing added to http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_st_set_to_start_lower_on_recession_worry.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_wall_st_set_to_start_lower_on_recession_worry.html Reuters Fri, 17 Oct 2008 08:30:28 -0500 NEW YORK (Reuters) - U.S. stock index futuresextended losses Friday as a report showing that housingstarts slid in September heightened recession fears. S&P 500 futures fell 12.80 points and were belowfair value, a formula that evaluates pricing by taking intoaccount interest rates, dividends and time to expiration on thecontract. Dow Jones http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_futures_extend_losses_on_housing_starts.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_futures_extend_losses_on_housing_starts.html Reuters Fri, 17 Oct 2008 07:45:17 -0500 * Stocks rise in volatile trade on lower money rates, oil * European stock volatility indexes soar to records, like US * Investor Buffett says he's buying US stocks * Interbank lending rates in euros and dollars falls further By Mike Dolan LONDON, Oct 17 (Reuters) - Stock markets climbed around theworld on Friday, taking their lead from Wall http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_stocks_rally_in_volatile_trade__money_rates_e.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_stocks_rally_in_volatile_trade__money_rates_e.html Reuters Fri, 17 Oct 2008 07:30:38 -0500 * Caution weighs ahead of key economic reports * Data on housing starts, consumer sentiment on tap * Honeywell, Google profits beat estimates * Buffett says he's buying stocks By Ellis Mnyandu NEW YORK (Reuters) - U.S. stock index futures fellFriday as caution before economic data, including Septemberhousing starts, offset reports of reassuring http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_futures_drop_on_caution_before_data.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/us_stocks_futures_drop_on_caution_before_data.html Reuters Fri, 17 Oct 2008 07:15:30 -0500 Following are some of the main Asia and Pacific news eventsexpected this week (all times GMT). MONDAY, Oct 20 BEIJING - Raft of economic data, including third quartergross domestic product and September inflation. Annual growthis expected to haven fallen below 10 percent for the first timein 10 quarters as the world looks to China as a key driver http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/week_ahead_in_asia___pacific_from_oct_18.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/week_ahead_in_asia___pacific_from_oct_18.html Reuters Fri, 17 Oct 2008 06:45:40 -0500 LONDON, Oct 17 (Reuters) - Equities rose across the worldon Friday after encouraging earnings signals from technologyfirms such as IBM and a slowly improving tone in beleagueredshort-term money markets helped ease recession fears. European shares were up more than 3 percent following gainsin Asia. Overnight, Wall Street ended a volatile Thursday http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_equities_rise__helped_by_earnings__credit.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/global_markets_equities_rise__helped_by_earnings__credit.html Jeremy Gaunt, European Investment Correspondent Reuters Fri, 17 Oct 2008 02:45:24 -0500 MANAMA, Oct 17 (Reuters) - With their ban on interest, theGulf Islamic banks that managed to avoid the types of debt whichproved toxic for their conventional counterparts are now prayingthe global crisis will bypass their property holdings. Islamic banks, which manage an estimated $1 trillionworldwide, do not have the same flexibility as http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_feature_gulf_arab_islamic_banks_eye_slowing_real_estate.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_feature_gulf_arab_islamic_banks_eye_slowing_real_estate.html Frederik Richter Reuters Fri, 17 Oct 2008 07:15:26 -0500 * Overnight gains on Wall St support Asian stocks * Crude rallies $3 a barrel, dollar retreats * Deep recession fears linger (Repeats to more subscribers, updates with latest Asianprices, European pre-open) By Rafael Nam HONG KONG, Oct 17 (Reuters) - Asian shares rose on Fridayafter encouraging earnings signals from technology firms suchas IBM http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_global_markets_asia_shares_advance__but_economy_fears_we.html http://www.realclearmarkets.com/news/reuters/finance_business/2008/Oct/17/rpt_global_markets_asia_shares_advance__but_economy_fears_we.html Reuters Fri, 17 Oct 2008 02:00:11 -0500