Joan Lowy And Justin Pritchard November 28, 2008 - 8:13 p.m. WASHINGTON (AP) - Federal regulators set a safety threshold Friday for the industrial chemical melamine that is greater than the amount of contamination found such remoter in U.S.-made infant formula. Food and Drug Administration officials set a threshold of 1 part per million of melamine in formula, provided a related chemical isn't present. They insisted the formulas are safe. The setting of the ...
Corporate debt: Bad debt blues
Nov 30 2008
Corporate debt: Bad debt blues <!-- Corporate debt: Bad debt blues Sean Silcoff Credit crisis, Corporate debt, Debt financing 20081124 For some, the credit crisis couldn't have come at a worse time. /managing/strategy/ --> In mid-2001, when Brian McManus became president and COO of Stella-Jones, a railway-tie and utility-pole maker, the company’s finances were a mess. It had breached a couple of debt covenants, and its bankers “were at the door, checking inventory,” he recalls. McManus, now CEO, ...
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Dow, S&P log biggest 5-day percentage gains since the 1930s, even as holiday sales look bleak
Nov 30 2008
Tim Paradis November 28, 2008 - 9:35 p.m. NEW YORK (AP) - Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show besides economic distress. On the short trading daylight, investors snapped up the battered shares of blue-chip stalwarts Citigroup Inc., General Motors Corp. and ...
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Banks, investment firms boost their borrowing from the Fed’s emergency loan program
Nov 30 2008
Martin Crutsinger November 28, 2008 - 8:08 p.m. WASHINGTON (AP) - The Federal Reserve boosted its lending to commercial banks and investing. firms over the past week, indicating that a severe credit crisis was still squeezing the financial arrangement. The Fed released a report Friday saying commercial banks averaged $93.6 billion in daily borrowing for the week ending Wednesday. That was up from an average of $91.6 billion for the week ending Nov. 19. The report ...
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Wicked investments
Nov 30 2008
Wicked investments <!-- Wicked investments Norm Rothery Sin stocks, Seven deadly sins, Investing 20081117 Sin shares have some definite virtues. /columnists/norm_rothery/ --> As I write this, dolt markets are plunging. You can't open a journal without reading a prediction of gloominess ahead. Serious issues, for sure — but none matter what happens next, I'm confident people will continue to smoke, tope and gamble. In keeping with that philosophy, I thought it would be interesting to choice a handful ...
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