More On The Bailout; Just SAY NO TO BAILOUTS
September 30, 2008
More On The Bailout; Just SAY NO TO BAILOUTS
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Reuters Business- World stocks up for 10th daySINGAPORE (Reuters) - Global stocks rose on Wednesday, extending a rally into a 10th straight day, inspired by hopes massive U.S. government spending and tax cuts will continue to support the dollar and stimulate demand for exports.
- Dow Chemical prepared to delay Rohm & Haas deal: report(Reuters) - Dow Chemical Co is prepared to miss next week's deadline to clinch the $15 billion takeover of Rohm & Haas in an effort to raise enough cash to complete the deal without taking on too much debt, the Financial Times reported on its website late on Tuesday.
- GM says government loans cover worst scenario: report(Reuters) - General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.
- World stocks up for 10th day
- Market Watch
- Satyam plunges over 70%; Chairman Raju resignsShares of Satyam Computer Services plunged more than 70% in Mumbai Wednesday, after the founder and chairman of India's fourth-largest software company resigned, saying the company had inflated its cash and bank balances on the balance sheet of more than $1 billion.
- Tokyo stocks up on report of plan to end some capital-gains taxesTokyo's benchmark Nikkei index rose more than 2% in late afternoon trading as investors cheered a reported plan to scrap capital-gains tax on foreigners who invest in Japanese companies through funds.
- CES Reporter's Notebook: Name of the game is small, portableIf nothing else, the advent of ultra-small laptop computing devices seems to be a hit with journalists lugging heavy gear around Las Vegas for a week.
- Miners lead in Asia as metal prices jumpAsian shares were higher Wednesday after another gain on Wall Street, with mining stocks powering ahead on a recovery in prices for base metals and gold.
- China raises bird flu alert after woman's deathBeijing officials ordered stepped-up checks in markets, slaughterhouses and farms that handle and raise poultry in an area near the nation’s capital after its was confirmation Tuesday that a 19-year-old woman died of the H5N1 bird flu strain earlier this week.
- Satyam plunges over 70%; Chairman Raju resigns