Economy rebound will take time after bailout push
Washington reports the $700 billion rescue aims to stabilize banks and revive lending but officials warn recovery will be slow. Dow drops about 500 points as credit markets stay tight and consumer spending weakens Across nine Fed regions Beige Book notes continued demand slump and rising unemployment.
MENTIONED IN THIS ARTICLE
Washington, D.C
Wall Street
Dow
United States
Federal Reserve
Bush
Treasury
Henry Paulson
Fed
Ben Bernanke
Paulson
ABC
Good Morning America
Bernanke
Economic Club of New York
Congress
U.S
Joel Naroff
Naroff Economic Advisors
EU leaders back continent-wide bailout for banks
EU leaders endorse a euro 1.7 trillion emergency bailout to shield banks across all 27 nations. Poland's Jacek Rostowski confirmed the plan as Britain and eurozone members move to reassure markets, with nations free to choose from guarantees, equity stakes, and loan support.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Jacek Rostowski
Diplo
Mats
Britain
Gordon Brown
Wells Fargo Chief Seeks to Retain Wachovia Staff
Wells Fargo CEO John Stumpf told Wachovia employees in Charlotte he will strive to retain workers amid the merger and plans to retain and retrain positions duplicated by the deal. Wachovia's Bob Steel, stepping back from an operating role, urged smooth integration and emphasized the merger as the best option.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Wells Fargo
Wachovia Corp
John Stumpf
Wachovia
Bob Steel
Steel
Citigroup
Federal Reserve On
Stumpf
World stock markets fall on recession fears
Global shares drop after weak U.S. retail sales data sparked fears that the financial system may fail to avert a deep downturn. Analysts warn markets brace for a prolonged depression despite bank rescue packages.
MENTIONED IN THIS ARTICLE
London
U.S
Jeremy Batstone-Carr
Charles Stanley
Market In Review Retitles Aint SD Seen
In this brief market recap, Owen E patterns show activity at row 208. Readers note adjusted listings and shifting prices as investors eye regional patterns and potential gains.
MENTIONED IN THIS ARTICLE
Owen E
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Aiken, S.C
Aikenstandard
Commerce Department
Standard & Poor
Pennington’s Power Products Inc
Lumpkin Road
Augusta
Pat Roberts
Woodside Realty
Aikense.com
Wednesday 'S Market IN Review
NYSE
Stock Exchange
Empleins
Artress
Onseco
nMas
Pfizer
Proushog
Proushire
Fusrmug
CPI
Atat Inc
Miri
Nectv
Say NY
Naeeney NY
Frodak NY
SowenMbl NY
FMC Com NY
Ecuba
anMor
Harleyd
Heinz
Intel Nasd
Jpmorgch NY
JohnJn NY
Kennemis NY
KimbCk NY
Caen
Murtuat
Funos
Anne
Aan
Microsoft
Cisco
Apple Inc
Delline
Dle Inc
CBS
Dow Jones
Pimco TotRelis
GrhAmAm
Amercan
Capiicbua m
Cpwidgria m
Fidetty Contra
Invcoama Am
Incamera m
Wamutinvam
Vanguard
Vanguard TotStidx
American Funds
Eurpacgra m
Vanguard Insu Se
Dodge & Cox Stock
Newperspa m
Fundminva
Merican
Baia m
Dodge & Cox intiStk
Fidelity GrowCo
Fidelity Magellan Vanguard
Wellin
Fidelty
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