Stocks soar on broad crisis plans

October 13, 2008 on 11:22 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks surged, with Japan’s Nikkei up more than 13 percent on Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.

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Stocks soar on broad crisis plans

Nikkei leaps as U.S. to outline bank bailout

October 13, 2008 on 11:16 pm | In Business News | No Comments

BANGKOK/TOKYO (Reuters) - The U.S. Treasury is ready to inject $250 billion into U.S. banks, mirroring moves by other leading countries that have boosted confidence in financial markets and sent the Nikkei soaring 13 percent on Tuesday.

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Nikkei leaps as U.S. to outline bank bailout

House price falls accelerate

October 13, 2008 on 10:12 pm | In Business News | No Comments

LONDON (Reuters) - The decline in British house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet.

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House price falls accelerate

Retail sales fall for 4th month in Sept

October 13, 2008 on 9:51 pm | In Business News | No Comments

LONDON (Reuters) - Retail sales fell for a fourth straight month in September on a like-for-like basis as furniture stores recorded their worst performance in at least eight years, a survey showed on Tuesday.

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Retail sales fall for 4th month in Sept

Stocks soar as U.S. to buy bank stakes

October 13, 2008 on 9:48 pm | In Business News | No Comments

NEW YORK (Reuters) - The U.S. government agreed on Monday to take $25 billion (14 billion pound) stakes in several big banks in a bid to shore up the banking system and arrest the financial crisis, …

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Stocks soar as U.S. to buy bank stakes

Retail sales fall for 4th month in September

October 13, 2008 on 7:50 pm | In Business News | No Comments

LONDON (Reuters) - British retail sales fell for a fourth straight month in September on a like-for-like basis as furniture stores recorded their worst performance in at least eight years, a survey showed on Tuesday.

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Retail sales fall for 4th month in September

House price falls accelerate in Sept

October 13, 2008 on 7:47 pm | In Business News | No Comments

LONDON (Reuters) - The decline in British house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet.

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House price falls accelerate in Sept

Banco Santander to buy rest of Sovereign Bancorp

October 13, 2008 on 7:23 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Spain’s Banco Santander, the largest euro zone bank, said on Monday it will buy U.S.-based savings and loan Sovereign Bancorp in a stock-for-stock transaction worth $1.9 billion (1.09 billion pounds).

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Banco Santander to buy rest of Sovereign Bancorp

GM shares jump as Chrysler in talks with others

October 13, 2008 on 6:42 pm | In Business News | No Comments

DETROIT (Reuters) - General Motors shares closed up 33 percent on Monday on signs that the No. 1 U.S. automaker had explored options ranging from a merger with Ford Motor Co or Chrysler to federal funding in order to ride out a brutal downturn in sales.

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GM shares jump as Chrysler in talks with others

Stocks soar as governments to buy bank stakes

October 13, 2008 on 6:25 pm | In Business News | No Comments

NEW YORK (Reuters) - Governments around the world bet hundreds of billions of dollars to rescue failing banks on Monday, sending world stocks soaring and giving Wall Street its biggest one-day gain ever.

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Stocks soar as governments to buy bank stakes

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