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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 23, 2009

Page

13

Stocks tumble as World Bank warns of 2009 contraction

The World Bank projected a 2.9 percent global economy shrinkage in 2009, sending major indexes down over 2 percent. The Dow fell 200.72 points to 8339.01, the S&P 500 dropped 28.19 to 893.04, and the Nasdaq declined 61.28 to 1766.19. Bond yields fell as Treasuries gained demand amid the broad selloff.

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SEC charges Madoff linked firm and adviser with fraud

Federal regulators accuse Cohmad Securities Corp and investment adviser Stanley Chais of funneling billions to Bernard Madoff's Ponzi scheme. The SEC also charges Cohmad executives Maurice and Marcia Cohn and Robert Jaffe with actively marketing Madoff funds while concealing fraud, seeking injunctions and restitution.

Washington New York Bernard Madoff California Madoff Securities and Exchange Commission Cohmad Securities Corp Maurice Sonny” Cohn Marcia Cohn Robert Jaffe SEC Stanley Chais Manhattan Cohmad Cohns Jaffe Chais Robert Khuzami Irving Picard David Sheehan Picard Eugene Licker Maurice Cohn Manhasset N.Y New York City Palm Beach Fla Cohrrad Boston Stanley Arkin Howard Kaplan Peter Pope Hollywood U.S Europe Asia Massachusetts William Galvin Galvin

Ford to Get Loan From Government Fund for Green Vehicles

Energy Department expected to announce Ford Motor Co will receive funds from a 25 billion federal loan program to develop fuel efficient vehicles. Secretary Steven Chu to make the Dearborn announcement as Congress approved the program last year to aid auto firms and suppliers in retooling for green cars and batteries. Dozens of companies have sought 38 billion in loans. Ford has asked for about 5 billion by 2011 though the final amount remains unclear.

Washington Energy Department Ford Motor Co Congressional Energy Steven Chu Dearborn Mich Congress Car Ford

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