TOP 100 FINANCIAL SITES
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| Rising fuel prices force New Zealanders to stay home Rising fuel prices are forcing nearly a third of New Zealand drivers to drive their car less often, according to new research released on Sunday. Research New Zealand Director Emanuel Kalafatelis said on Sunday that because of the r ... english.people.com.cn |
U.S. stocks trade lower on fears of more losses, recession Wall Street ended lower Monday with all three major indexes down more than 1 percent on fears of more credit losses and a possible economic recession. Blackstone Group, the private equity firm, posted worse-than-expected first-quart ... english.people.com.cn |
Morgan Stanley's reduction of commercial paper proves difficult NEW YORK (MarketWatch) -- Morgan Stanley is seeking a reduced credit line to back up its commercial paper but is finding it tougher to negotiate the deal. The investment bank deliberately cut its reliance on commercial paper - short-term debt used to finance its daily businesses - because jittery investors in today's unstable markets want investment banks to have cash or longer-term sources of funding. Morgan Stanley's available liquidity - cash and cash equivalents - increased to an average of $123 billion during its first quarter that ended last month, from $85 billion in 2007, said Mark Lake, a company spokesman. feeds.marketwatch.com |
Embattled GE CEO Defends Strategy GE CEO Immelt defended his strategy despite cries to split up and remake the conglomerate in the wake of disappointing earnings. online.wsj.com |
U.S. economy grows at stronger pace than expected The U.S. economy grew at an annual rate of 0.6 percent in the first quarter of this year, stronger than the 0.2 percent growth rate expected by analysts, the Commerce Department reported Wednesday. The first-quarter growth rate for g ... english.people.com.cn |