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For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Ohio Standard.com http://www.ohiostandard.com/index.php/ct/10/id/3a8a80d6f705f8cc/ en-us Mon, 06 Oct 2008 17:00:02 -0400 Mon, 06 Oct 2008 17:00:02 -0400 30 Dow dives 800 points, recovers nearly 440 points Unsurprisingly Wall Street was sharply lower Monday. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415308/cs/1/ Mon, 06 Oct 2008 10:43:50 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415308/cs/1/ European equities sell off sharply Stock markets in Europe joined their Asian counterparts Monday in sending stocks into a tailspin. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415192/cs/1/ Mon, 06 Oct 2008 06:15:55 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415192/cs/1/ Policy experts say more must be done to stimulate US economy The Federal Reserve and US Treasury have been asked to take further measures to stimulate the ailing credit markets. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415158/cs/1/ Mon, 06 Oct 2008 05:02:12 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415158/cs/1/ Hurricane Ike impact being added up The environmental damage from Hurricane Ike is now becoming apparent. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415133/cs/1/ Mon, 06 Oct 2008 04:58:54 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415133/cs/1/ Japan lacking in social security safeguards Japan’s legal fraternity believes the lack of a social security system has caused a substantial rise in poverty. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415132/cs/1/ Mon, 06 Oct 2008 04:57:48 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415132/cs/1/ Citigroup and Wells Fargo battle for Wachovia A court ruling that favored Citigroup against Wells Fargo in the bidding for Wachovia has been overturned. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415131/cs/1/ Mon, 06 Oct 2008 04:56:31 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415131/cs/1/ U.S. dollar soars as Asian stocks plummet Stocks fell sharply in Asia Monday while the U.S. dollar surged against all currencies except the yen. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415020/cs/1/ Mon, 06 Oct 2008 01:01:47 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415020/cs/1/ Dubai developer to build 1.6 kilometre skyscraper In booming Dubai where the sky is literally the limit, a local developer has announced plans to build the world's tallest building. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415053/cs/1/ Mon, 06 Oct 2008 02:47:23 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415053/cs/1/ AIG to sell assets to pay government loan American International Group, one of the world’s largest insurance companies, has said it will sell off a number of business units to pay off a massive government loan. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415000/cs/1/ Sun, 05 Oct 2008 20:51:14 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415000/cs/1/ French bank takes over Fortis operations French bank BNP Paribas has confirmed that it has taken control of some of the foreign operations of ailing finance group Fortis. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414999/cs/1/ Sun, 05 Oct 2008 20:49:26 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414999/cs/1/ UBS announces the sacking of more employees European investment bank UBS has announced the scaling back of jobs and says 2,000 more positions will be cut. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414998/cs/1/ Sun, 05 Oct 2008 20:47:39 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414998/cs/1/ Bill Gates tells America not to expect depression America’s richest man, Bill Gates, has told a television interviewer that the US financial crisis does not spell the end of capitalism and will not lead to a depression. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414997/cs/1/ Sun, 05 Oct 2008 20:46:06 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414997/cs/1/ Australian PM likens businessmen to Gordon Gekko In a speech to a group of business leaders, Australian Prime Minister Kevin Rudd has said the global financial crisis proves the world failed to learn from the 'greed is good' era of the 1980s. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414996/cs/1/ Sun, 05 Oct 2008 20:44:48 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414996/cs/1/ Dubai tall tower has a rival Dubai’s tallest building is getting closer to completion. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414995/cs/1/ Sun, 05 Oct 2008 20:43:03 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/414995/cs/1/ Stocks round the globe plunge amid bailout doubts Stock markets around the world plunged Monday as investors worried that government bailouts for sick banks were failing to cure a crisis that threatens to infect global trade and industry too. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415413/cs/1/ Mon, 06 Oct 2008 15:00:14 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415413/cs/1/ Nikkei falls to a four-year low; broader Japanese index sheds 1,000 points 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415070/cs/1/ Mon, 06 Oct 2008 03:00:22 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415070/cs/1/ Asian stocks plunge as financial crisis spreads to Europe 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415172/cs/1/ Mon, 06 Oct 2008 06:00:12 -0400 Ohio Standard.com http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/415172/cs/1/ TETRA Technologies, Inc. Announces Date of Third Quarter 2008... TTI will be releasing third quarter 2008 results on Friday, November 7, 2008, and will be hosting a conference call at 10:30 a.m. ET on that day to discuss the results. The phone number for the cal... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398677/ Mon, 06 Oct 2008 14:25:16 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398677/ Oil below $90 first time in 8 months NEW YORK: Crude oil fell below USD 90 a barrel for the first time since February as the credit crisis deepened in Europe, adding to concerns that global economic growth will slow and reduce demand ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398663/ Mon, 06 Oct 2008 14:28:09 -0400 Times Of India http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398663/ TSYS to Broadcast Third-Quarter 2008 Results TSYS will issue its third-quarter earnings report on October 9, 2008, at 4:00 p.m. EDT. A conference call to discuss these results, business trends and future projections will be held on October 9, ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398675/ Mon, 06 Oct 2008 14:25:17 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398675/ Wall Street tumbles amid global sell-off (AP Photo/Richard Drew)Traders work on the New York Stock Exchange floor, Monday Oct. 6, 2008. Wall Street tumbled again Monday, joining a sell-off around the world as fears grew that the financial cr... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398660/ Mon, 06 Oct 2008 14:34:45 -0400 Baltimore Examiner http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398660/ MDI, Inc. Announces Profitability for Q3 2008 MDII , announced today that it was profitable for the third quarter of 2008 and it continues to be encouraged about its prospects of sustaining profitability for the balance of 2008 and thereafter. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398671/ Mon, 06 Oct 2008 14:25:22 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398671/ Dow drops below 10,000 for first time in 4 years US stocks dropped, driving the Dow Jones Industrial Average below 10,000 for the first time in four years, after bank bailouts in Europe widened and commodities companies tumbled on concern global ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398664/ Mon, 06 Oct 2008 14:28:10 -0400 Times Of India http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398664/ Perficient Reaffirms Revenue Guidance for Third Quarter PRFT , a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today reaffirmed its revenue guidance for the third quarte... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398678/ Mon, 06 Oct 2008 14:25:15 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398678/ Coca-Cola Enterprises Inc. to Webcast Third-Quarter 2008 Earnings... CCE will release third-quarter 2008 earnings before the market opens on Thursday, October 23. A conference call discussing these results will be webcast live over the Internet at 10:00 a.m. EDT th... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398679/ Mon, 06 Oct 2008 14:25:14 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398679/ Google to Announce Third Quarter 2008 Financial Results GOOG today announced that it will hold its quarterly conference call to discuss third quarter 2008 financial results on Thursday, October 16, 2008 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398670/ Mon, 06 Oct 2008 14:25:23 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398670/ Bank crisis strains EU unity BBC News, Brussels Has the international financial crisis exposed the cracks in the European Union's single market? And are concerns over the economic national interest now over-riding the bro... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398683/ Mon, 06 Oct 2008 14:24:41 -0400 BBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398683/ Hearings on financial meltdown open House Oversight and Government Reform Committee Chairman, Rep. Henry Waxman, D-Mich, right, talks with committee ranking member Rep. Tom Davis, R-Va., during a hearing on Capitol Hill in Washington, M... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398656/ Mon, 06 Oct 2008 14:49:38 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398656/ Panicked global markets reel, Wall Street plunges below 10,000 pts panicked investors who fear a much-vaunted US finance sector bailout will fail to end a crippling credit crisis."There is all-out panic," said ING senior strategist Adrian van Tiggelen.&quot... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398655/ Mon, 06 Oct 2008 14:58:47 -0400 Yahoo!7 News http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398655/ LN Mittal chairman of World Steel WASHINGTON: India-born steel czar Lakshmi Niwas Mittal was on Monday elected Chairman of the World Steel Association, representing about 180 steel producers from across the globe. The association... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398666/ Mon, 06 Oct 2008 14:28:07 -0400 Times Of India http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398666/ Federated Investors, Inc. Announces Third Quarter 2008 Earnings and Conference Call Dates PITTSBURGH, Oct. 6 /PRNewswire-FirstCall/ -- Federated Investors, Inc. (NYSE: FII) will report financial and operating results for the quarter ended Sept. 30, 2008 after the market closes on Thursda... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398662/ Mon, 06 Oct 2008 14:31:03 -0400 Breitbart http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398662/ American Eagle Outfitters Will Announce September Sales on... American Eagle Outfitters designs, markets and sells its own brand of laidback, current clothing targeting 15 to 25 year-olds, providing high-quality merchandise at affordable prices. The original ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398680/ Mon, 06 Oct 2008 14:25:13 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398680/ Indian-American to oversee US $700-bn bailout WASHINGTON: A 35-year-old Indian-American whiz, whose parents migrated from Jammu and Kashmir, is being entrusted with the task of rescuing Wall Street, the US economy — and the pretty much the e... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398665/ Mon, 06 Oct 2008 14:28:11 -0400 Times Of India http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398665/ Tata executives inspect site in AP for Nano HYDERABAD: Continuing its hunt for a new site for the Nano car project, a team of Tata Motors' executives today inspected a 1,200 acre land at Warangal, about 45 kms from Hyderabad. Medak distric... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398667/ Mon, 06 Oct 2008 14:28:06 -0400 Times Of India http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398667/ weak growth to linger, inflation too high LOST PINES, Texas – The U.S. economy faces difficult challenges during a time of extraordinary turbulence, and weak growth will probably linger into 2009, a top Federal Reserve official said Mon... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398658/ Mon, 06 Oct 2008 14:49:36 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398658/ Hansen In Distribution Pact With Coca-Cola, Bottler and parts of 21 states in the U.S. Hansen's Monster beverages dominate the U.S. market for energy drinks and the pact gives the Coca-Cola distribution system added presence in this growing category... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398669/ Mon, 06 Oct 2008 14:25:52 -0400 Morning Star http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398669/ Stocks slide despite reassurances The UK's top share index chalked up its biggest one-day points fall ever as Chancellor Alistair Darling attempted to reassure financial markets. Mr Darling said the government would do whatever nec... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398684/ Mon, 06 Oct 2008 14:24:39 -0400 BBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18398684/ Wall Street Sinks More Than 500 Points (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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393602/ Mon, 06 Oct 2008 12:00:06 -0400 CBS News http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393602/ Telecoms big and small sweep lower WASHINGTON (MarketWatch) - Telecommunications stocks fell sharply in Monday trades amid continued uncertainty about the health of U.S. and global financial markets. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393555/ Mon, 06 Oct 2008 12:36:07 -0400 MarketWatch http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393555/ Treasury, Fed pledge rapid response to crisis The group, which includes Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, said it planned to move “with substantial force on a number of fronts.” http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393576/ Mon, 06 Oct 2008 12:16:25 -0400 MSNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393576/ Ford feature will let parents set limits for teens DETROIT – So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it. The company will ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393617/ Mon, 06 Oct 2008 11:50:04 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393617/ EBay to cut 1,000 jobs, will buy Bill Me Later SAN JOSE – EBay Inc., which still reaps big profits but has been struggling to attract new users, said Monday it will cut about 1,000 jobs in an attempt to streamline its business. The cuts amou... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393622/ Mon, 06 Oct 2008 11:49:56 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393622/ Western Union to Release Third Quarter Results on October 21, 2008 WU announced today that President and CEO Christina Gold will host a conference call and webcast to discuss third quarter results on October 21, 2008, at 8:30 a.m. Eastern Time. Joining Christina o... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393650/ Mon, 06 Oct 2008 11:23:05 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393650/ Fed pushes Citi, Wells to split Wachovia NEW YORK – Federal Reserve officials have been pushing for Citigroup Inc. and Wells Fargo & Co. to reach a compromise over Wachovia Corp., according to a media report. The effort could re... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393631/ Mon, 06 Oct 2008 11:49:49 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393631/ U.S. stocks tumble as global crisis persists NEW YORK (MarketWatch) -- Stocks tumbled on Monday, sending the Dow industrials below the 10,000 mark for the first time in nearly four years, as last week's $700 billion bailout package and governmen... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393557/ Mon, 06 Oct 2008 12:36:04 -0400 MarketWatch http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393557/ Kyodo economic news summary -7-+ TOKYO, Oct. 6 (AP) - (Kyodo)—---------- Taiwan president fetes Japan investors, hails ties with China TAIPEI - Taiwanese President Ma Ying-jeou awarded four Japanese firms with trophies Monday fo... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393639/ Mon, 06 Oct 2008 11:28:20 -0400 Breitbart http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393639/ Economists getting gloomier about outlook But as an association of business economists and forecasters gather here for their 50th annual meeting, the group faces the most difficult challenge in its history. Amid the worst credit panic since t... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393573/ Mon, 06 Oct 2008 12:16:26 -0400 MSNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393573/ EU pledges crisis action as U.S. urges coordination LONDON/WASHINGTON (Reuters) - The European Union pledged on Monday to protect people's savings and maintain financial stability while Washington urged a more coordinated approach to the worst banking ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393593/ Mon, 06 Oct 2008 12:02:07 -0400 Reuters http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393593/ European stocks sink 6 pct as Wall St adds to woes 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393633/ Mon, 06 Oct 2008 11:44:57 -0400 London South East http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393633/ CFOs say credit is both dearer and harder to get NEW YORK – Corporate finance chiefs say credit is both more difficult to get and more expensive when it is available, but they are more optimistic about the U.S. economy, according to a new surv... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393625/ Mon, 06 Oct 2008 11:50:01 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393625/ FBI, SEC, Federal Reserve 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393599/ Mon, 06 Oct 2008 12:01:40 -0400 ABC News http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393599/ Panic grips world stock markets World 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 an... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393638/ Mon, 06 Oct 2008 11:28:27 -0400 Breitbart http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393638/ Wall Street crisis drives investors to safe haven of community banks In September, The Bank of Greene County had its biggest month for new deposits in its 121-year history. “We saw a huge increase,” said Donald Gibson, president of the Catskill-based bank.... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393568/ Mon, 06 Oct 2008 12:24:57 -0400 Business Journal http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393568/ Germany pledges to secure deposits FRANKFURT, Germany – The German government on Monday defended its pledge to guarantee personal savings amid ongoing market turbulence as “an important step at the right moment.” I... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393627/ Mon, 06 Oct 2008 11:49:54 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393627/ Credit still tight as Europe governments scramble NEW YORK – The jammed credit markets barely budged Monday as European governments scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393621/ Mon, 06 Oct 2008 11:50:00 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393621/ Microsoft planning add-on to SQL Server Microsoft VP Ted Kummert, earlier this year as he made good on a pledge to dye his hair orange if the engineering team got SQL Server 2008 out by the company's revised deadline. He's holding t... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393583/ Mon, 06 Oct 2008 12:07:30 -0400 CNet http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393583/ IBM Closer to Building Bluehouse to Compete with Cisco, Google, Microsoft Cloud Offerings IBM opens a beta for Bluehouse, the company's SAAS social networking and collaboration platform. The offering will compete with cloud computing solutions from Google, Microsoft and Cisco at a time whe... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393572/ Mon, 06 Oct 2008 12:18:09 -0400 eWeek http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393572/ Billions More For Banks Northern Rock has now paid back more than half the £26.5bn of taxpayers' money that was lent to it. Mr Darling told MPs: "I've made it clear that we will do whatever is necessary to maintain stabili... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393579/ Mon, 06 Oct 2008 12:10:54 -0400 Sky News http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393579/ OPEC members worried by oil price fall-Iraq BAGHDAD – OPEC members are worried by the drop in the price of oil to around $90 a barrel, Iraq's oil minister told Reuters in an interview on Monday. Hussain al-Shahristani said that the dro... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393614/ Mon, 06 Oct 2008 11:50:08 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393614/ Kashkari to be tapped to head bailout WASHINGTON – An official says the administration has decided to pick a key Treasury Department official to be the interim head of its $700 billion rescue effort for financial institutions. Th... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393626/ Mon, 06 Oct 2008 11:49:55 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393626/ Budget Truck Rental Offers Exclusive Rewards to American Express Cardmembers American Express Promotion PARSIPPANY, NJ--(Marketwire - October 6, 2008) - Waiting until after the busy summer moving season is over to relocate is one way savvy consumers save money, and now http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393550/ Mon, 06 Oct 2008 12:37:03 -0400 Market Wire http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393550/ Lehman Brothers collapse to hit Alabama banks’ quarterly earnings Colonial BancGroup , which operates 26 branches in the Birmingham-Hoover metro area, plans to write down at least $3.7 million worth of preferred stocks and subordinated debt holdings owned by Lehman ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393569/ Mon, 06 Oct 2008 12:24:24 -0400 Business Journal http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393569/ Russian stock markets suspended for second time 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393628/ Mon, 06 Oct 2008 11:49:52 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393628/ Allianz investing $2.5B in Hartford Financial All Associated Press news CHARLOTTE, N.C. (AP) - Hartford Financial Services Group Inc. said Monday it will receive a $2.5 billion investment from Allianz SE.The Hartford, Conn.-based insurer also pre... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393647/ Mon, 06 Oct 2008 11:23:07 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393647/ Fed will provide as much as $900 billion in loans to banks WASHINGTON – The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the econo... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393613/ Mon, 06 Oct 2008 11:50:10 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393613/ Microsoft Will Bow In-Memory Analysis, Appliance-Ready Database in 2010 Microsoft SQL Server upgrades take center stage at this week's Microsoft Business Intelligence Conference 2008. 'People-ready' enhancements promise bigger warehouses and fast, user-friendly slice-and-... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393559/ Mon, 06 Oct 2008 12:34:35 -0400 Intelligent Enterprise http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393559/ BofA in $8.6 billion settlement over Countrywide loans NEW YORK (Reuters) - As part of a settlement with state attorneys general that could be worth as much as $8.6 billion, Bank of America Corp (BAC.N: http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393594/ Mon, 06 Oct 2008 12:02:06 -0400 Reuters http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393594/ EBay plans to cut work force by 1,000 jobs; says third-quarter profit will exceed guidance SAN JOSE, Calif. (AP) _ EBay Inc., which still reaps big profits but has been struggling to attract new users, said Monday it will cut about 1,000 jobs in an attempt to streamline its business. The cu... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393598/ Mon, 06 Oct 2008 12:01:55 -0400 Newsday http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393598/ Fed to boost auctions, pay interest on reserves WASHINGTON (Reuters) - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions an... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393591/ Mon, 06 Oct 2008 12:02:09 -0400 Reuters http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393591/ EBay, Netflix losses lead plunge; Nasdaq down 5% SAN FRANCISCO (MarketWatch) -- EBay Inc. and Netflix Inc. led an early plunge for technology stocks Monday and the sector showed no signs of recovering as trading headed into the afternoon and the gro... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393554/ Mon, 06 Oct 2008 12:36:09 -0400 MarketWatch http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393554/ Netflix trims 4th qtr revenue, subscriber numbers NEW YORK – Netflix Inc., the online DVD rental company, said Monday its fourth-quarter revenue and subscriber figures would fall short of expectations, driving its shares 10 percent lower. Ne... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393630/ Mon, 06 Oct 2008 11:49:50 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393630/ EBay To Drop 1,000 Employees, Picks Up Two New Businesses announced today. It also announced the acquisition of an online payments business, Bill Me Later, for $820 million in cash and $125 million in options, and two online classified sites based in Denmar... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393607/ Mon, 06 Oct 2008 11:54:41 -0400 Wired News http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393607/ House panel grills Lehman chief 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 dollar... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393575/ Mon, 06 Oct 2008 12:16:25 -0400 MSNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393575/ Microsoft boosts revenue through licensing complexity One of the advantages to being a large, enterprise software company is that it can provide your sales people with a wide array of products to sell to new and existing customers. Upsell and cross-sell ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393582/ Mon, 06 Oct 2008 12:07:29 -0400 CNet http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393582/ OSI reports problems with anti-cancer drug Genentech Inc. , its partner in an anti-cancer drug, said Monday a combination of Genentech's Avastin and OSI's Tarceva failed in a study to prolong the lives of patients with the most common form of ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393596/ Mon, 06 Oct 2008 12:02:00 -0400 Newsday http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393596/ Top court stays out of DVR patent fight WASHINGTON – The Supreme Court is refusing to disturb a $74 million judgment against Dish Network Corp. for violating a patent held by TiVo Inc. involving digital video recorders. The justice... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393623/ Mon, 06 Oct 2008 11:49:57 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393623/ U.S. Treasury prices gain as global economic fears spread NEW YORK (MarketWatch) -- U.S. Treasury prices on Monday gained for a fourth consecutive session, sending yields sharply higher, on worries recent bailouts may not prevent more bank failures. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393553/ Mon, 06 Oct 2008 12:36:10 -0400 MarketWatch http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393553/ Why The Hartford Took a Hit on Wall Street 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393636/ Mon, 06 Oct 2008 11:40:38 -0400 Insurance Journal http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393636/ Chalco says earnings to drop (2 hrs 11 mins ago) Aluminum Corp of China (2600), said third-quarter earnings will drop by more than 50 percent on price hikes of raw material and lower prices. Chalco said: ''the company's resul... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393585/ Mon, 06 Oct 2008 12:06:21 -0400 The Standard http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393585/ Kalido Achieves Microsoft Gold-Certified Partner Status Kalido , the active information management company, today announced it is a Microsoft Gold-Certified Partner in the Microsoft Partner Program, with competencies in Business Intelligence, Data Manag... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393551/ Mon, 06 Oct 2008 12:36:50 -0400 Market Wire http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393551/ Citi wants U.S. guarantee for Wachovia – source NEW YORK – Citigroup Inc does not have any appetite to take on Wachovia Corp's mortgage assets without at least a partial government guarantee, a person close to the bank said – but the ba... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393611/ Mon, 06 Oct 2008 11:50:13 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393611/ Consumers likely to shop cautiously for toys NEW YORK – Will financial-market turmoil be the Grinch this Christmas? With parents already facing high food and gas costs and slumps in the job and housing markets, the turmoil in the financ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393618/ Mon, 06 Oct 2008 11:50:03 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393618/ Amex Oil Index falls to levels not seen since 2005 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393558/ Mon, 06 Oct 2008 12:36:02 -0400 MarketWatch http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393558/ Microsoft Denies Hiring Freeze Rumors A memo circulated to some Microsoft workers last week suggested that the company wouldn't be hiring new employees, but a Microsoft spokesperson says the company is just being prudent about hiring in l... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393600/ Mon, 06 Oct 2008 12:01:31 -0400 CIO http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393600/ How Wall Street Can Mitigate Financial Fraud Using Biometric Authentication Risk control procedures are not enough to mitigate fraud on Wall Street. The current financial meltdown provides evidence that many banks and financial institutions have failed to change systems and p... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393571/ Mon, 06 Oct 2008 12:18:12 -0400 eWeek http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393571/ Germany considers national financial 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.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393610/ Mon, 06 Oct 2008 11:50:15 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393610/ TECO Energy to Host a Webcast October 30 TE today announced that the company will host a Webcast concurrent with a conference call with the financial community on Thursday, October 30, 2008, at 10:00 AM Eastern time. http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393648/ Mon, 06 Oct 2008 11:23:06 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393648/ Bank of Hawaii Corporation Conference Call to Discuss Third... BOH will hold its quarterly conference call to discuss third quarter 2008 financial results on Monday, October 27, 2008 at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii Time). http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393653/ Mon, 06 Oct 2008 11:23:02 -0400 CNBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393653/ Treasury announces plan to boost debt auctions WASHINGTON – The Treasury Department says it will increase its debt auctions to handle the $700 billion rescue program for the country's financial system. The Treasury said Monday it would in... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393632/ Mon, 06 Oct 2008 11:49:48 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393632/ Credit crisis to weigh on oil demand LONDON – The worsening credit crisis and economic outlook is likely to hit oil demand, weighing on prices and increasing the chance that consumption growth will slow down or even stop next year.... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393620/ Mon, 06 Oct 2008 11:49:59 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393620/ Eli Lilly agrees to buy ImClone for over $6B INDIANAPOLIS – Eli Lilly & Co. has agreed to buy biotechnology company ImClone Systems Inc. for more than $6 billion in a deal that would expand Lilly's cancer treatment pipeline a few years... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393629/ Mon, 06 Oct 2008 11:49:51 -0400 San Diego Union-Tribune http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393629/ Iceland guarantees bank accounts Iceland's government is to offer an unlimited guarantee for all bank customers' savings accounts. The move came after trading in six of Iceland's biggest banks and financial firms was temporarily hal... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393659/ Mon, 06 Oct 2008 11:22:29 -0400 BBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393659/ Registrations of new cars fall 21% New UK car registrations fell 21% in September, the Society of Motor Manufacturers and Traders (SMMT) has announced. This is the fifth consecutive month that the SMMT has reported falls in new car ... http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393661/ Mon, 06 Oct 2008 11:22:26 -0400 BBC http://story.ohiostandard.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/18393661/