Highlights
A collection of news and information related to Stock Market published by Tribune Company sources.
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Russian measures fail to lift stock markets
MOSCOW Efforts by the Russian government to prop up the country's troubled banking sector with fresh cash injections did little to lift stock markets a day after they suffered their worst-ever day of trading. President Dmitry Medvedev unveiled new...Tags: Dmitry Medvedev, Petroleum Industry, Stock Broking
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Stocks down again after erratic trading
Associated PressA stock market empowered by an emergency interest rate cut tried to find some stability yesterday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback, while fed by comments from...Tags: Money and Monetary Policy, Stock Activities, Federal Reserve, Credit Ratings, Government Debt
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Financial crisis brings global cooperation as everyone scrambles
Economic turmoil and yesterday's unprecedented international interest-rate reductions provide the harshest reminder yet that political borders are no shield against financial avalanches.
The U.S. housing crisis has become the global credit crunch....Tags: Money and Monetary Policy, Banking, Stock Activities, Johns Hopkins University, Federal Reserve
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Legg Mason's shares plunge to 9-year low for greatest percentage drop in company history
Shares of Baltimore's Legg Mason Inc. suffered the largest one-day percentage drop in its history as a public company yesterday and plunged to their lowest price in almost 10 years. Legg's shares fell nearly 25 percent, or $6.25, to $19 in a broad market...Tags: Personal Finance, Finance, Banking, Stock Activities, Federal Reserve
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Panicky sell-off drags the Dow under 9,000
From Sun news servicesA runaway train of a sell-off turned the anniversary of the stock market peak into one of the worst days in Wall Street history yesterday, driving the Dow Jones industrials down a breathtaking 678.91 points and deepening a financial crisis that has defied...Tags: Interest Rate, Federal Reserve, Credit Ratings, Gymnastics, U.S. Department of Treasury
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Stockbrokers are doing a lot of hand-holding
Stockbroker Bruce Alderman's client returned home from a trip just in time to watch the stock market shed the most points ever in a single day and to hear that his bank, Wachovia, was being acquired by Citigroup.
Yesterday morning, the client rang up his...Tags: Personal Finance, Local Elections, Elections, Finance, Stock Activities
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Stocks bounce back
Associated PressWall Street snapped back yesterday 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...Tags: Government, Stock Activities, Parliament, George Bush, National Government
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Markets storm back
Stocks rallied yesterday to a huge comeback after suffering their worst week ever. The Dow Jones industrial average climbed 936 points - the biggest one-day gain in its 112-year history - as several countries took concerted steps to ease the financial...Tags: History, Stock Activities, T. Rowe Price Group Incorporated, The Goldman Sachs Group Incorporated, T. Rowe Price
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Bailout bill passes Senate
Los Angeles TimesThe Senate voted reluctantly but solidly in favor of a modified $700 billion Wall Street rescue plan last night, but it remained uncertain whether the legislation - even with a carefully designed package of tax breaks - would withstand the fierce...Tags: Parliament, State Budgets, U.S. Department of Treasury, Stock Broking, Laws
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Dow continues to slide
Associated PressThe misery worsened on Wall Street yesterday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector....Tags: Financial Markets, Stock Activities, Federal Reserve
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Dow finishes a relatively calm day down 76 points
Associated PressWall Street ended a relatively calm session with a moderate loss yesterday as investors, while pleased with the government's plans to spend $250 billion to buy stock in private banks, chose to cash in some of their profits from the previous day's huge...Tags: Government, Financial Markets, Stock Activities, Heads of State, George Bush
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Stocks end volatile week with another sell-off
Associated PressWall Street ended an intensely volatile week with another sell-off yesterday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy. The...Tags: Stock Activities, Financial Markets, George Bush, New York Stock Exchange, Citigroup Incorporated
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