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Morgan Stanley Investment Management has decided to sell its entire position in The New York Times Co. (10.3 million shares, or 7.2 percent), a source close to the investment bank said Wednesday.
The move follows heated battle between Morgan Stanley and...
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Alaska’s North Slope may hold 235 trillion cubic feet of untapped natural gas. Problem: There’s no pipeline to carry it 3,600 miles across the tundra to U.S. and Canadian consumers.
Alaska’s new governor, Sarah Palin, 43, was elected...
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Banks and Brokerages are using leverage given to them from their positive third-quarter results to show that they are institutions who are capable of walking out of the credit storm.
This not only helps their stock position but also attracts clients as...
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Stock Market.
What is it? What’s it all about?
To understand what the stock market is let us first define a stock.
In financial markets, the stock capital of a corporation or a joint-stock company is the capital raised through the issuance, sale...
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Oil prices stood at a fresh record high on Tuesday to settle at $87.61 a barrel on the New York Mercantile Exchange.
The Turkish Government’s decision to ask Parliament for permission to pursue Kurdish rebels into Iraq had a definite impact on the...
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The gap in income between the wealthiest and poorest American has grown to its widest level.
The Wall Street Journal has reported that the wealthiest 1 percent of all Americans earned 21.2 percent of all the nation’s income in 2005
The bottom half...
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Federal regulators have freed AT&T Inc. from pricing restrictions that govern the charges for competitors and businesses for access to high-speed Internet lines.
AT&T had insisted that the government consider revising these guidelines because...
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US Crude for November delivery settled at $83.69 a barrel on the New York Mercantile Exchange.
The New York Mercantile Exchange (NYMEX) is the world’s largest physical commodity futures exchange, located in New York City. Its two principal...
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Central banks all over the world have been pumping funds into the markets. The Wall Street Journal in its blog, published excerpts from the various regulators of these banks.
Federal Reserve
Thursday: $24 billion
Friday: $38 billion (tranches of $19...
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The Federal Reserve may have had its say but economists are more optimistic as suggested by the latest Wall Street Journal forecasting survey.
The survey showed the chance of recession moving lower to 34%. It was conducted between Oct 5th to Oct...
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