Credit Crisis Shock Wave Hitting US Economy, Bonds and Stocks
Interest-Rates / Credit Crisis 2008 Sep 05, 2008 - 04:41 PM By: Jim Willie CB Something big this way comes. Events will center upon the arch-nemesis of gold, the US Treasury Bond. Market interference is too huge, for bonds, for bank stocks, for the entire financial sector. Banking system structures are too broken. The pillars of the US Economy are all in deep trouble, with profound deficits and insolvency the rule of the day. See the USGovt federal deficit (growing fast), the trade deficit (chro read
Union set to strike Boeing September 6th, 2008 By Chris Isidore, CNNMoney.com senior writerSeptember 5, 2008: 11:29 PM EDT The 787 Dreamliner, shown here under construction at a Boeing plant, could be further delayed by a strike set to start early Saturday by the International Association of Machinists.Labor painsMore Videos Customize a DreamlinerMore Videos2008 FORTUNE 500Full list: FORTUNE 1000 Wal-Mart Exxon Mobil Chevron GM ConocoPhillips GE Ford Motor Citigroup B of A AT&T Top c read
Citi could sell Primerica, Texas business: Ladenburg’s Bove September 6th, 2008 NEW YORK (Reuters) - Citigroup (C.N: Quote, Profile, Research, Stock Buzz) could sell its Primerica financial services unit and its First American banking subsidiary in Texas as the bank continues to restructure its business, Ladenburg Thalmann analyst Richard Bove said in a research note. In the note, Bove said Primerica does not fit into Citigroup Chief Executive Vikram Pandit’s goals of making the bank an inter read
MIRAMAR, Fla., Sept. 4 /PRNewswire/ -- Spirit Airlines today acknowledged that the Air Line Pilots Association, the labor union that represents the Airline's pilots, had filed a lawsuit against the airline seeking to require the Airline to reverse certain work rule and other changes implemented by the company over the past two months. Those initiatives were developed in response to unprecedented economic and airline industry conditions and undertaken to allow Spirit to remain competitive, contin read
Filed under: Business, Airlines, NewsNice work team. Late last week we reported that United Airlines was going to charge for meals on overseas flights departing from Washington Dulles. Thanks to a great deal of outcry from United's passengers, bloggers and you readers, the embattled airline has now decided to rescind their decision. A small victory in the face of many negative changes that have recently plagued the airline industry. So with the price of oil sinking back to outrageous prices ( read
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