DailyMe MoneyDailyMe Digest RSS MoneyShares of Morgan Stanley and Goldman Sachs plunge- September 17, 2008 NEW YORK - Shares of Goldman Sachs and Morgan Stanley plunged on Wednesday, a sign that investors fear they can't survive in their present form as the last two major independent investment banks.Morgan Stanley had hoped to stem investor panic...http://www.dailyme.com/story/2008091700017766/ Constellation in deal talks, shares plunge- September 17, 2008 NEW YORK (Reuters) - U.S. power company Constellation Energy Group on Wednesday said it was in talks with potential buyers or partners as it moved to quash investor fears about the liquidity of its trading business.http://www.dailyme.com/story/2008091700017717/ Bank fears, AIG fallout drive Wall Street sell-off- September 17, 2008 NEW YORK (Reuters) - Wall Street plunged to a three-year low on Wednesday as the U.S. rescue of insurer AIG failed to calm a crisis of confidence in global markets and banks grew increasingly reluctant to lend to each other.http://www.dailyme.com/story/2008091700017548/ Morgan Stanley, Goldman shars sink as fear spreads- September 17, 2008 NEW YORK (Reuters) - Anxious investors hacked away at Morgan Stanley and Goldman Sachs on Wednesday, sending shares of the two largest investment banks lower and boosting their debt-insurance prices higher amid rising fears over their...http://www.dailyme.com/story/2008091700017541/ Morgan Stanley and Goldman plummet as crisis mounts- September 17, 2008 NEW YORKLONDON (Reuters) - Shares of Wall Street firms Morgan Stanley and Goldman Sachs plummeted on Wednesday and Britain's biggest mortgage lender neared a sale in the latest signs of extreme distress in the financial industry.http://www.dailyme.com/story/2008091700016689/ GE shares down 7 percent, says rating "stable"- September 17, 2008 DETROIT (Reuters) - General Electric Co shares tumbled 7 percent on Wednesday as investors panicked about how its massive financial arm was faring in the wake of the troubles at top financial institutions.http://www.dailyme.com/story/2008091700015516/ AIG woes offer double benefit for insurance rivals- September 17, 2008 LONDON (Reuters) - Insurance rivals stand to reap the benefits from the woes of American International Group , snapping up assets AIG is forced to sell while gaining greater pricing power as AIG pulls in its claws.http://www.dailyme.com/story/2008091700013612/ Hedge funds batten down the hatches in turbulence- September 17, 2008 LONDON (Reuters) - Hedge funds are keeping borrowings and risk low and seeking sanctuary in safe-haven assets during the current market turbulence, but some are beginning to see opportunities to make attractive investments.http://www.dailyme.com/story/2008091700013173/ WaMu may seek merger as pressure mounts: Merrill- September 17, 2008 (Reuters) - Washington Mutual's board would seriously consider a merger offer even at a discount to what the Seattle-based thrift believes it is worth, as it faces mounting pressure to pursue options amid credit-rating downgrades, an analyst...http://www.dailyme.com/story/2008091700012908/ Banks' shares fall on lending concerns- September 17, 2008 NEW YORK (Reuters) - Shares of big U.S. financial companies fell sharply on Wednesday as a spike in inter-bank lending rates fueled concerns about access to liquidity in the global financial system.http://www.dailyme.com/story/2008091700012254/ |