Economy Oct 22 Weak Earnings Reports Trigger Market Losses A number of poor earnings reports from major corporations, including Wachovia Corp. and Merck & Co., caused U.S. stocks to drop more than 500 points Wednesday. By Admin, PBS News Hour
Politics Oct 03 Watch VP Debate, Battleground Strategies Top Campaign Headlines This week, Congress pushed through a massive financial rescue plan and vice presidential hopefuls faced off in a key debate. Analysts Mark Shields and New York Times columnist David Brooks weigh all things politics.
Economy Oct 03 Wachovia Spurns Citibank, Will Be Acquired by Wells Fargo Wachovia Corp. changed course on a buyout deal Friday, agreeing to be acquired by Wells Fargo & Co. in a $15.1 billion all-stock deal, reversing an earlier agreement to be acquired by Citigroup. By PBS News Hour
Economy Sep 29 In Latest Shake-Up, Citigroup to Acquire Wachovia In the latest shake-up of the widening global financial crisis, Citigroup will acquire the banking operations of Wachovia Corp. By Admin, PBS News Hour
Sep 18 World Banks Add Liquidity to Markets, Speculation Grows Over New Mergers By PBS News Hour The world's central banks injected $180 billion into markets early Thursday to revive a global financial system that had nearly ground to a halt amid a crisis on Wall Street and to ensure the banks can access enough cash for… Continue reading
Jul 22 Wachovia Posts Surprising $8.9 Billion Loss By Admin, PBS News Hour Banking giant Wachovia Corp. reported a nearly $9 billion second-quarter loss Tuesday, surprising Wall Street analysts who had expected a smaller drop. The company plans to cut 6,350 jobs and slash dividends to offset the losses. Continue reading
Jul 17 Watch Reporters Measure Economy’s Health Across the U.S. Business reporters and columnists from across the country assess how recent economic troubles, including inflation and housing market problems, have impacted local communities. Continue watching
Jun 21 Watch Wal-Mart to Offer New Debit Card, More MoneyCenters Retail giant Wal-Mart announced plans to offer its own Visa debit card and open 1,000 more MoneyCenters for check cashing, money orders and other financial services, much to the dismay of the banking industry. A business reporter examines the move. Continue watching