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Aiken Standard in Aiken, South Carolina

08 Apr 2009

Page 14

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Articles on This Page

This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Apr 08, 2009

Page

14

Dow Falls 186 Points as Market Extends Losses

New York investors pull back for a second day, driving major indexes down more than 2 percent amid cautious tone ahead of bank earnings. The Dow Jones Industrial Average slides 186.29 points to 7,789.56, the S&P 500 drops 19.93 to 815.55, and the Nasdaq falls 45.10 to 1,561.61.

MENTIONED IN THIS ARTICLE

New York Dow Citigroup Inc Goldman Sachs Group Inc Jpmorgan Chase &Co Joe Veranth Dana Investment Advisors Brookfield Wis Standard & Poor Aap BP PLC kotAmpang CBS B CSX Camps Chevron Vocac Wrod ‘Te Deli Inc Directv DirxFinBull DirxFinBear Disney NY FMC Corp NY Fordm GenElec NY Enn Harleyd NY Shemits NY Ishr2k Ishrest NY Vows Willye NY Owes NY Nasd VorgStan NY NortikSo NY Nucor NY Oracle Scana NY SouthFnel Nasd SouthnCo NY SPDR SprintNex NY Spdr Fnel NY SunMicro Nasd Synovus NY Textron NY 3M Co NY US Steel NY Unwdith NY Viacomb NY WalMart Wells Fargo Wendy Arby SEC Mutua Grthama m Capiicbuamh Wamutinva m WV Sinstidx EurPacGrAm FB Dodge & Cox Stock Pimco TetRetAdm Bala m MA NewPerson m Bonda m Cl Fidelity Fninva m LB Wellin MA Dodge & Cox IntiStk Fidelity GrowCo Frank Temp-Franklin Vanguard
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CEO urges new pay standards and hedge fund rules

Lloyd Blankfein urged reforms in executive compensation and tighter regulation of large hedge funds and private equity funds. He cited his own near 43 million dollar pay last year and called for guidelines on cash versus stock and stricter oversight of outsized capital pools.

MENTIONED IN THIS ARTICLE

Washington, D.C Goldman Sachs Group Inc Wall Street Lloyd Blankfein Blankfein
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Goldman Sachs CEO voices hedge fund oversight in finance overhaul

Public anger over bank distress and taxpayer bailouts spilled into protest at Lloyd Blankfein’s Council of Institutional Investors appearance. Proposals to rein in hedge funds seek stricter government supervision of funds that manage vast pension and charity assets.

MENTIONED IN THIS ARTICLE

Blankfein Council of Institutional Investors
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Debate Over Smoking Costs To Society and Health Care

The article weighs whether smokers cost society more through health care and lost productivity, against nonsmokers who live longer. It cites CDC estimates of 96 billion in direct health costs and 97 billion in lost productivity, plus a White House claim of over 100 billion in annual costs, and notes some potential savings from earlier deaths. Vanderbilt economist Kip Viscusi suggests a net 32 cent saving per pack.

MENTIONED IN THIS ARTICLE

Washington, D.C House Food and Drug Administration FDA Centers For Disease Control and Prevention White House Senate CDC Vanderbilt University Kip Viscusi
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Borrowing Drops Sharply As Consumer Debt Falls

The Federal Reserve reports February consumer borrowing at an annual rate of 7.48 billion dollars down 3.5 percent from January. A record 7.8 billion drop in credit card borrowing leads the decline, the steepest in dollars since 1968 and biggest percentage drop since 1978, reflecting cutbacks amid recession and job losses.

MENTIONED IN THIS ARTICLE

Federal Reserve Wall Street Thomson Reuters
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Surge in prescription aid as uninsured seek discounts

In a nationwide rise, prescription assistance programs report a surge of people losing health coverage turning to free or discounted medicines. The Partnership for Prescription Assistance, with over 475 programs, notes an 8 to 10 percent uptick in requests in most states as the recession drags on.

MENTIONED IN THIS ARTICLE

Trenton N.J Partnership For
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Also Mentioned on This Page

Marcy Gordon Associated Press Goldman Sachs Aiken Aiken, S.C Aikenstandard Financial News University Uta Cheri Reese F&m Mortgage Group LLC Pat Roberts Prudential Woodside Realty Aikense Stock Exchange Zady Ngmmir Wsands Promre Talbots Mayilnd WMS BrownShoe HughesTel Protaix Waltivwwi AmShrd NaspaRa Tuesday's Market IN Review Camde NYSE Chg Radio Pt Autiv GoldStr GenElec FrkStPro ApiiMati Wwsands NwGold G Jpmorgch Taseko Ae Tne Patty Dow Jones Dow Jones Industrials
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