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  • ( ) Latest Share Chat

    Earnings news from Allianz and M&A chatter in the mining and financial sector are expected to provide a lift this morning. Overseas, Wall Street closed with losses last night, with the technology sector taking a hit as Cisco fell 9.5 pct after presenting better-than-expected third quarter figures, but worrying investors about its outlook and a potential slowdown in the rate of its new orders. Financials rebounded in late trading and Morgan Stanley was in focus after presenting a more detailed report on its exposure to the subprime mortgage market. Federal Reserve Board chairman Ben Bernanke's warning that US economic growth would continue to be sluggish for the next few months weighted on the exchanges throughout the day and the Dow Jones closed the session 33.73 points or 0.25 pct lower at 13,266.29, while the Nasdaq ended at 2,748.76, down 52.76 points or 1.92 pct. More>>

  • ( ) Ending the War: Time for the Dems to Play Hardball

    Taking a page from America's retailers, President Bush is getting a jump on the coming battle over Iraq war funding. On Monday, he added an additional $45.9 billion in supplemental war funding to the $150.5 billion he'd already requested, and then turned up the heat on Congress to sign off on the $196.4 billion before heading home for the holidays. Only 60 more browbeating days until Christmas!

    And you have to give Bush credit. Despite record-low approval ratings, he's unabashedly playing — and winning — the PR game on the war. By incrementally adding to his funding request, he made his ongoing plundering of our treasury to pursue his disastrous Iraq policy seem relatively modest. The headlines all focused on the $46 billion he's just added to the tab — not the $196 billion he's really after. More>>

  • ( ) CreditCards.com: Weekly Credit Card Rate Report

    Annual percentage rates for select major credit card categories remained largely unchanged this week, following the Federal Reserve's surprise decision Tuesday to slash interest rates ahead of a scheduled meeting Jan. 29-30. Demonstrating its willingness to act decisively in the face of a possible recession, the central bank cut rates by the largest amount since October 1984.

    . More>>

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