Sep 16 Watch Presidential Contenders Call for Financial Industry Regulation Sens. John McCain and Barack Obama promised tighter government regulation of Wall Street Tuesday as they struggled to address the country's economic woes from the campaign trail. Campaign advisers debate the candidates' proposals to regulate the investment industry. Continue watching
Sep 16 Watch Fed Aims to Stabilize Markets as Jittery Investors Watch AIG With the financial industry still reeling from Monday's collapse of key institutions, the Federal Reserve pumped another $70 billion into the teetering system Tuesday. Two business journalists discuss the Fed's relief efforts. Continue watching
Sep 16 Fed Rejects Rate Cut, Global Markets Retreat amid Wall Street Turmoil By Admin, PBS News Hour The Federal Reserve Tuesday announced it will not lower a key interest rate below 2 percent despite Wall Street's major troubles and a drop in global markets. Continue reading
Sep 15 Watch Obama, McCain React to Wall Street’s Turmoil Sens. John McCain and Barack Obama pushed their proposals to reform Wall Street Monday as the financial sector reeled from the demise of Lehman Brothers and the selling of Merrill Lynch. Political reporters discuss the latest campaign news. Continue watching
Sep 15 Watch Uncertainty Hits Wall Street After Lehman, Merrill Meltdown The demise of Lehman Brothers, Merrill Lynch's $50 billion buyout and concerns about AIG caused a Wall Street panic Monday. Economic analysts give insight on the causes and implications of the financial crisis. Continue watching
Sep 15 Watch Wall Street Turmoil Forces Change to Banking Landscape After a frantic weekend on Wall Street, Lehman Brothers filed for bankruptcy and Bank of America moved to buy Merill Lynch -- all of which sent the Dow Jones industrial average plunging on Monday. Reporters from the New York Times… Continue watching
Sep 15 Lehman Brothers Files for Bankruptcy, Merrill Lynch Sells to Bank of America By Admin, PBS News Hour After a frantic weekend that shook Wall Street to the core, Lehman Brothers filed for bankruptcy Monday under the weight of $60 billion in bad real estate holdings and Bank of America moved to buy Merrill Lynch in a $50… Continue reading
Sep 10 Lehman Plans Asset Sale to Boost Investor Confidence By Admin, PBS News Hour Investment bank Lehman Brothers announced plans Wednesday to sell a majority stake in its investment management business as the company struggles to stay afloat after reporting a record quarterly loss of about $4 billion. Continue reading
Sep 09 Watch United Airlines Tallies Damage From False Stock Report A 2002 news article about United Airlines filing for bankruptcy protection resurfaced erroneously on trading screens Monday -- and the company's shares quickly plummeted as a result. Business reporter Frank Ahrens of the Washington Post examines the mishap. Continue watching
Aug 26 Home Prices Dip, but Market Signals Improvement By Admin, PBS News Hour While the U.S. housing market continues to suffer from a slide, new statistics released Tuesday show some evidence that the situation is improving as reluctant buyers return to the market to snatch up bargains. Continue reading