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For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Herald Globe.com http://www.heraldglobe.com/index.php/ct/10/id/da4df54c389ee3f7/ en-us Mon, 06 Oct 2008 13:12:36 -0400 Mon, 06 Oct 2008 13:12:36 -0400 30 Unsurprisingly Wall Street opened sharply lower Monday. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415308/cs/1/ Mon, 06 Oct 2008 10:43:50 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415308/cs/1/ Foreign exchange markets are experiencing violent gyrations Monday amidst global markets turmoil. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415307/cs/1/ Mon, 06 Oct 2008 10:26:08 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415307/cs/1/ Stock markets in Europe joined their Asian counterparts Monday in sending stocks into a tailspin. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415192/cs/1/ Mon, 06 Oct 2008 06:15:55 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415192/cs/1/ Stocks fell sharply in Asia Monday while the U.S. dollar surged against all currencies except the yen. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415020/cs/1/ Mon, 06 Oct 2008 01:01:47 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415020/cs/1/ The Dow Jones Industrial Average Monday fell below 10,000 points for the first time in four years and the S&P 500 reached a four-year low on worries about more bank bail-outs in Europe and tumbling commodity prices. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415397/cs/1/ Mon, 06 Oct 2008 13:00:16 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415397/cs/1/ Washington, Oct 6 (Xinhua) The Bush Administration pledged Monday to move rapidly to deal with the current financial crisis. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415384/cs/1/ Mon, 06 Oct 2008 12:00:30 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415384/cs/1/ The two warring suitors of Wachovia banking chain in the US - Citigroup and Wells Fargo - are being pressured by the federal government to reach a compromise, which may end up carving up the North Carolina-based bank, the Wall Street Journal (WSJ) newspaper has reported. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415313/cs/1/ Mon, 06 Oct 2008 11:00:10 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415313/cs/1/ Shares on the Seoul Stock Exchange nosedived Monday, sending the benchmark Kospi index down more than 4 percent as worries over the global financial crisis persisted despite a US bail-out plan. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415139/cs/1/ Mon, 06 Oct 2008 05:00:20 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415139/cs/1/ Republicans have accused Democratic presidential candidate Barack Obama's campaign of receiving funds from suspicious donors who might have links to terrorism and called on the Federal Election Commission (FEC) to investigate the matter, the Washington Post reported Monday. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415092/cs/1/ Mon, 06 Oct 2008 04:00:18 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415092/cs/1/ Australian stocks lost ground Monday following the heavy selloff last week on Wall Street. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415077/cs/1/ Mon, 06 Oct 2008 03:00:30 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415077/cs/1/ Japan's key Nikkei 225 Stock Average fell to a four-year low Monday on worries about the financial crisis, despite US Congressional approval of a Wall Street bail-out. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415070/cs/1/ Mon, 06 Oct 2008 03:00:22 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415070/cs/1/ Beijing, Oct 6 (Xinhua) Chinese shares fell by over three percent in the morning session Monday on worries about the financial crisis and after big losses on Wall Street. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415054/cs/1/ Mon, 06 Oct 2008 03:00:02 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415054/cs/1/ Asian stocks nosedived throughout the region Monday as investors feared the US bail-out would fall far short of resolving the financial crisis that has also spread to Europe. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415172/cs/1/ Mon, 06 Oct 2008 06:00:12 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415172/cs/1/ The Financial Times Index plunged by 4.5 percent in London Monday as leading bank shares were also down following unease about Germany's move to guarantee all private savings, analysts said. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415166/cs/1/ Mon, 06 Oct 2008 06:00:05 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415166/cs/1/ Stocks plunged in early trading in Germany Monday, a day after the government and banks agreed to expand a bail-out for troubled property lender Hypo Real Estate (HRE). http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415137/cs/1/ Mon, 06 Oct 2008 05:00:12 -0400 Herald Globe.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/415137/cs/1/ NEW YORK (CNNMoney.com) -- A lack of appropriate and necessary banking regulation by governments around the globe led to the current economic crisis, according to a report by a body of leading economi... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393911/ Mon, 06 Oct 2008 12:15:05 -0400 Fortune http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393911/ BOSTON (MarketWatch) -- An exchange-traded fund that provides leveraged, short exposure to emerging markets stocks soared Monday morning on concerns the financial crisis is spreading around the globe.... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397842/ Mon, 06 Oct 2008 12:04:35 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397842/ ) warned on its third-quarter revenue, saying it was "below our expectations." It expects software and software-related service revenue up 13% to 14%, or up 16% to 17% on an adjusted basis. "The mar... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397836/ Mon, 06 Oct 2008 12:04:42 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397836/ WASHINGTON (MarketWatch) - Telecommunications stocks fell sharply in Monday trades amid continued uncertainty about the health of U.S. and global financial markets. AT&T Inc. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397841/ Mon, 06 Oct 2008 12:04:34 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397841/ financial crisis , an ABC News investigation has found that the FBI and other federal agencies failed to spot the warning signs of massive fraud in the home mortgage business that led directly to Wall... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393601/ Mon, 06 Oct 2008 12:01:20 -0400 ABC News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393601/ Asian stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18395342/ Mon, 06 Oct 2008 12:00:53 -0400 ABC News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18395342/ IMF says U.S. crisis is largest financial shock since Great Depression. Do you think this will lead to a global recession over the next 12 months? http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397859/ Mon, 06 Oct 2008 11:53:17 -0400 Trade Arabia http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397859/ NEW YORK – Hartford Financial Services Group Incsaid Monday that Germany's Allianz SE will invest $2.5 billion in the U.S. life and property insurer, sending Hartford shares up as much as 20 per... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393612/ Mon, 06 Oct 2008 11:50:12 -0400 San Diego Union-Tribune http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393612/ All Associated Press news FRANKFORT, Ky. (AP) - Gene Ray cringes at the irreverence of thieves who would steal historical markers to sell as scrap metal.Ray, a great-great-great-great-great grandson o... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397862/ Mon, 06 Oct 2008 11:23:11 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397862/ BEIJING, Oct. 6 (Xinhua) -- Chinese government on Monday ordered its three domestic telecom operators to share and co-build infrastructure to avoid repeat construction in the wake of industry restruct... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393812/ Mon, 06 Oct 2008 11:59:33 -0400 Eview Week http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393812/ NEW YORK (AP) -- Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393608/ Mon, 06 Oct 2008 11:54:42 -0400 Wired News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393608/ Online auction giant eBay Inc. said Monday it was cutting about 1,000 permanent employees, reducing its workforce by about 10 per cent. The San Jose, Calif.-based company also said it was cutting sev... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393780/ Mon, 06 Oct 2008 12:14:41 -0400 CBC News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393780/ BOSTON (MarketWatch) -- Drug stocks were in retreat early Monday, following the broader market southward as European governments moved to shore up many of their leading banking institutions in the wak... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397846/ Mon, 06 Oct 2008 12:04:32 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397846/ stock markets plummeted on Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.London, Frankfurt and Paris... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393605/ Mon, 06 Oct 2008 11:57:04 -0400 Yahoo!7 News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393605/ All Associated Press news LONDON (AP) - British Treasury chief Alistair Darling says European countries must work together to tackle problems in the banking system.Darling told lawmakers Monday that i... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397863/ Mon, 06 Oct 2008 11:23:10 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397863/ Earlier, the gauge had been down 15%, marking its worst one-day loss since the launch of the index in the late 1990s, said Dan Pickering of Houston-based energy research firm Tudor Pickering Holt. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394625/ Mon, 06 Oct 2008 12:04:10 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394625/ (CBS/ AP) Wall Street tumbled more than 500 points in the first hours of trading Monday, joining a sell-off around the world, as fears grew that the financial crisis will cascade globally through econ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393602/ Mon, 06 Oct 2008 12:00:06 -0400 CBS News http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393602/ The plunge reflected concerns among investors in the region that the financial crisis could drag on, particularly if the US 700- billion-dollar bail-out package could not realize its objectives, finan... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393824/ Mon, 06 Oct 2008 11:42:13 -0400 Business Times http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393824/ Small-business worries The market free fall has a disproportionate impact on savers who are close to retirement because those folks don't have the luxury of a long time horizon to allow stocks t... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393798/ Mon, 06 Oct 2008 12:04:03 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393798/ financing package was reached for Germany's Hypo Real Estate. "With global equity markets selling off today, and the developments which followed the weekend European crisis meeting, much nervousne... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393853/ Mon, 06 Oct 2008 11:23:23 -0400 Morning Star http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393853/ NEW YORK (MarketWatch) -- Treasurys rallied early Monday, sending yields sharply higher, as global markets tumbled as government bailouts in the U.S. last week and in Europe over the weekend failed to... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397853/ Mon, 06 Oct 2008 12:04:00 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397853/ ) shares fell 17% to $3.36 in early trading Monday, pacing a steep decline in the auto sector as the broader market continued its tumble. General Motors Corp. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397844/ Mon, 06 Oct 2008 12:04:37 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397844/ ) said Monday that its board of directors has appointed Chief Executive Eric Foss to the additional position as chairman of the board. With Foss's elevation to chairman, Barry Beracha will resume hi... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397857/ Mon, 06 Oct 2008 12:03:58 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397857/ All Associated Press news PARIS (AP) - The leaders of the European Union's 27 member countries have pledged to take "all necessary measures to ensure the stability of the financial system."A statement... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397866/ Mon, 06 Oct 2008 11:23:09 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397866/ NEW YORK (MarketWatch) - Retail shares declined with the broader markets on concern that the signs of global financial crisis and economic slowdown may further crimp consumer spending and confidence h... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397850/ Mon, 06 Oct 2008 12:04:09 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397850/ SAN FRANCISCO (MarketWatch) -- Technology stocks plunged Monday, led by shares of eBay Inc. and Netflix Inc. as the growing worldwide financial crisis slammed the Nasdaq for losses of more than 6%. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397808/ Mon, 06 Oct 2008 12:04:08 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397808/ WASHINGTON— Congress heard Monday that Lehman Brothers, days away from becoming the largest bankruptcy in U.S. history, was pleading for a federal rescue on one hand while steering millions in d... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394105/ Mon, 06 Oct 2008 11:28:14 -0400 Boston Globe http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394105/ ) were down more than 20% in premarket trading Monday after Fitch Ratings late Friday downgraded the company's issuer default ratings. National City "has been battling asset quality issues in its mo... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397856/ Mon, 06 Oct 2008 12:03:59 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397856/ BERLIN – Germany's finance minister said Monday he is considering creating a “shield” that would protect the country's entire financial sector, arguing it would not be possible to co... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393610/ Mon, 06 Oct 2008 11:50:15 -0400 San Diego Union-Tribune http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393610/ Bombing+ (ap) - Jakarta, Oct. 6 (kyodo)—(eds: Updating, Clarifying That Stocks Fell 10.36% In Oct. Adding Further Comment From Yudhoyono) Indonesian Stocks Plunged 10.03 Percent Monday, The Bigge... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18395686/ Mon, 06 Oct 2008 11:28:25 -0400 Breitbart http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18395686/ NEW YORK (MarketWatch) -- The Japanese yen rallied across the board Monday, buoyed by a rise in risk aversion, while the euro plunged after a weekend meeting of European Union leaders failed to produc... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393890/ Mon, 06 Oct 2008 12:04:05 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393890/ All Associated Press news CAMBRIDGE, Mass. (AP) - There's been a surge in the number of homeless families in Massachusetts — a spike that has overwhelmed the state's shelter capacity and forced it t... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397867/ Mon, 06 Oct 2008 11:23:07 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397867/ All Associated Press news BRUSSELS, Belgium (AP) - The EU's competition chief Neelie Kroes urged European Union nations Monday to coordinate actions to guarantee bank deposits across Europe.Kroes said... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397869/ Mon, 06 Oct 2008 11:23:06 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397869/ As part of its effort to pay off a massive U.S. government loan, AIG has decided to unload Alico Japan, AIG Edison Life Insurance Co., and AIG Star Life Insurance Co., the company said in a statement ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393828/ Mon, 06 Oct 2008 11:40:40 -0400 Insurance Journal http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393828/ The Leader in Face-to-Face Education for Senior Executives Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in inf... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393804/ Mon, 06 Oct 2008 12:01:34 -0400 CIO http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393804/ /PRNewswire/ --The Conference Board Employment Trends Index (ETI)(TM) continued its decline in September, suggesting even more losses to come in the labor market. The index fell in September to 108.4,... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397872/ Mon, 06 Oct 2008 11:23:04 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397872/ . "The consequences may be extremely serious because they will be counted in terms of famine or malnutrition in children," he warned. The IMF's number two official last month said the organization wa... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394111/ Mon, 06 Oct 2008 11:23:17 -0400 Morning Star http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394111/ SAN FRANCISCO (MarketWatch) - Technology stocks tumbled at the opening bell Monday, as the broader market retreated following steep stock market declines in Europe and Asia. The Nasdaq Composite Index http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397848/ Mon, 06 Oct 2008 12:04:07 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397848/ NEW YORK (CNNMoney.com) -- Stocks plunged at the Monday open after a deepening financial crisis in Europe heightened worries about a global economic slowdown.The S&P, Dow and Nasdaq were sharply l... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397805/ Mon, 06 Oct 2008 12:15:13 -0400 CNN Money http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397805/ Finance Minister Kang Man-soo told lawmakers at the National Assembly audit session yesterday that he believes the plague of the U.S. financial crisis is spreading and would negatively impact Korean e... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393858/ Mon, 06 Oct 2008 11:22:07 -0400 JoonAng Daily http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393858/ October 6, 2008 London - World stock markets suffered fresh maulings on Monday with five-percent plunges in Europe and Tokyo at a four-year low on doubts whether a Wall Street bailout package could st... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397860/ Mon, 06 Oct 2008 11:30:23 -0400 Business Report http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397860/ All Associated Press news NEW YORK (AP) - The number of business aircraft flights is down in the U.S. and Europe because of high fuel prices and the slowing global economy, according to a Honeywell Ae... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397870/ Mon, 06 Oct 2008 11:23:06 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397870/ ) forecast third-quarter profit of 78 cents to 80 cents a share. Excluding costs, profit would be 80 cents to 82 cents a share, the company said Monday. Analysts, on average, estimated Wyndham would... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397854/ Mon, 06 Oct 2008 12:04:01 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397854/ NEW YORK (MarketWatch) -- Energy stocks fell harder than the broad market in morning action, tracking a $3 drop in crude oil futures to the $90 level. The Amex Oil Index http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397852/ Mon, 06 Oct 2008 12:04:05 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397852/ Stocks in Toronto plunged Monday, joining a global selloff sparked by concerns about a $700-billion (U.S.) bailout package for the U.S. financial sector and the spreading banking crisis in Europe and ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397810/ Mon, 06 Oct 2008 11:39:48 -0400 The Globe And Mail http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397810/ Sullivan Brokers, Wholesale Insurance Solutions Inc. , a national wholesale brokerage firm with an emphasis on professional, management and health care risks. Sullivan Brokers combined the already est... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394327/ Mon, 06 Oct 2008 11:40:41 -0400 Insurance Journal http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394327/ NEW YORK (MarketWatch) -- Dan Pickering of Houston-based energy research firm Tudor Pickering Holt said the 15% slide on Monday by the Philadelphia Oil Service Index http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397835/ Mon, 06 Oct 2008 12:04:41 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397835/ ) to review strategic options to enhance stockholder value. "There can be no assurance that the strategic alternatives process will result in any transactions," the Houston-based electric power comp... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397858/ Mon, 06 Oct 2008 12:03:56 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397858/ ) lost more than 20% on Monday morning and were one of the steepest percentage decliners on the New York Stock Exchange. J.P. Morgan analysts on Monday cut their ratings on KKR Financial shares to n... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397845/ Mon, 06 Oct 2008 12:04:33 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397845/ /PRNewswire-USNewswire/ --The American Transportation Research Institute (ATRI), the trucking industry's not-for-profit research institute, today unveiled its list of the top ten critical issues facin... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397873/ Mon, 06 Oct 2008 11:23:03 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397873/ -(Dow Jones)- Argentina's stock market opened sharply lower Monday, in line with tumbling markets worldwide. Ten minutes after the start of trade, at 11:10 local time, the Merval Index of leading sh... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393851/ Mon, 06 Oct 2008 11:23:25 -0400 Morning Star http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393851/ All Associated Press news TROY, N.Y. (AP) - Jackie Young was always good at math and science, but when she started college she never figured she'd end up pursuing a career in nuclear energy.Then profe... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397868/ Mon, 06 Oct 2008 11:23:08 -0400 CNBC http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397868/ SAN FRANCISCO (MarketWatch) -- November crude fell $3.94, or 4.2%, to $89.94 per barrel Monday on Globex. It traded as low as $88.89, the lowest futures price since Feb. 7. "As the financial and econo... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397839/ Mon, 06 Oct 2008 12:04:39 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397839/ NEW YORK - Wall Street tumbled again today, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the U.S. and ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18396149/ Mon, 06 Oct 2008 11:59:52 -0400 Baltimore Sun http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18396149/ GENEVA (Reuters) - The United Nations has saved millions of dollars by scaling back its refugee agency's Swiss headquarters but remains short of funds, U.N. High Commissioner for Refugees Antonio Gute... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397807/ Mon, 06 Oct 2008 12:05:27 -0400 Reuters http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397807/ LONDON (MarketWatch) -- U.K. Chancellor Alistair Darling on Monday said all options remain open for confronting the banking sector crisis and added the Bank of England will do everything necessary to ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397840/ Mon, 06 Oct 2008 12:04:40 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397840/ U.S. currency rises to 14-month high against euro and 30-month high against pound as bailouts continue in Europe. But greenback hits 6-month low against yen. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393888/ Mon, 06 Oct 2008 12:15:00 -0400 CNN Money http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393888/ Portfolio Management Maturity Model at Chevron - Presentation & Discussion November 13, 11:30 AM - 12:30 PM ET (GMT-4) The fundamental goal of the model is to help IT become a business partner... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393806/ Mon, 06 Oct 2008 12:01:19 -0400 CIO http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393806/ Republican officials acknowledged yesterday they did not have a list of foreign donors to Senator Obama's campaign. The complaint was based largely on media reports, including one from conservative we... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393487/ Mon, 06 Oct 2008 11:51:46 -0400 The Australian http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393487/ in debt for the deal, with the rest coming from cash. "We feel very comfortable at this stage with our ability to finance the transaction," Rice said. Rice said Lilly has secured about http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393849/ Mon, 06 Oct 2008 11:23:36 -0400 Morning Star http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393849/ ) fixed income staff in Europe. The firm said the hires will strengthen its existing credit, interest rates and foreign exchange businesses. Nomura has already agreed to acquire Lehman Brothers' Asi... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397851/ Mon, 06 Oct 2008 12:04:03 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397851/ (RTTNews) - Canada-based financial services provider Sun Life Financial Inc. (SLF, SLF.TO) said Monday that it has agreed to sell its 37% ownership stake in wealth management company CI Financial Inc... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394117/ Mon, 06 Oct 2008 11:22:22 -0400 Quote.com http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18394117/ Commodity investment is set to rise, according to Lyxor Asset Management (Lyxor), with 30 per cent of UK institutional investors set to increase their allocation over the next five years. Current... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397811/ Mon, 06 Oct 2008 11:33:15 -0400 European Pensions http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397811/ LONDON (MarketWatch) -- The government of Iceland became the latest to back deposits, saying that deposits in domestic commercial and savings banks and their branches in Iceland will be fully covered.... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397838/ Mon, 06 Oct 2008 12:04:37 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397838/ Article Reprints The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades. http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393636/ Mon, 06 Oct 2008 11:40:38 -0400 Insurance Journal http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393636/ Forty-seven companies apply for APA 2008 acreage Offshore staff STAVANGER, Norway -- A preliminary count by the Norwegian Petroleum Directorate (NPD) shows that 47 companies have applied for acre... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393847/ Mon, 06 Oct 2008 11:24:15 -0400 Offshore http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393847/ LONDON, Oct 6 (Reuters) - European shares sank 6 percent in late trade on Monday as sharp falls on Wall Street accentuated a sell-off led by banks and commodity shares. At 1410 GMT, the FTSEurofirst 3... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393633/ Mon, 06 Oct 2008 11:44:57 -0400 London South East http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393633/ HONG KONG, Oct. 6 (Xinhua) -- The announced removal of China Netcom from the list of Hang Seng Index constituent stocks took effect after market close on Monday. The merger between China Unicom and C... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393876/ Mon, 06 Oct 2008 11:20:54 -0400 SINA http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393876/ ) said Monday that it has named Bruce Kiddoo to serve as chief financial officer now that the company is current with its Securities and Exchange Commission reporting obligations. The Sunnyvale, Cal... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397855/ Mon, 06 Oct 2008 12:04:02 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397855/ WASHINGTON (MarketWatch) -- Financial futures markets expect the Federal Reserve to slash interest rates by three-quarters of a percentage point to 1.25% by the end of October, according to prices on ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397834/ Mon, 06 Oct 2008 12:04:43 -0400 Market Watch http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397834/ MOSCOW – Trading was suspended on Russia's main stock markets twice Monday as shares went into free fall on the back of falling oil prices and deepening fears about the global economy despite th... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393628/ Mon, 06 Oct 2008 11:49:52 -0400 San Diego Union-Tribune http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393628/ NEW YORK (AP) — Oil prices broke beneath a key support level Monday, trading under $90 a barrel for the first time in eight months on expectations that a widening financial maelstrom will dras... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393822/ Mon, 06 Oct 2008 11:48:16 -0400 New Jersey Online http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18393822/ In an effort to improve liquidity of the equities market, India's markets watchdog Securities and Exchange Board of India (SEBI) Monday removed some restrictions on foreign funds, like the 40 percent ... http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397828/ Mon, 06 Oct 2008 11:20:26 -0400 People's Daily http://story.heraldglobe.com/index.php/ct/9/cid/da4df54c389ee3f7/id/18397828/