European, Asian markets plunge on crisis fears

ASSOCIATED PRESS

LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth.By midafternoon Europe time, Britain's benchmark stock index, the FTSE 100, lost 245.70 to 4,734.55 - a 4.93 percent fall. HBOS PLC's share price dropped 13.4 percent, while the Royal Bank of Scotland Group PLC fell 14.6 percent. Read more

Meme-It

Credit Woes, Bailout Questions May Stir Volatility

LOS ANGELES TIMES

The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package -- and watch for any further fallout from the credit crisis... Read more

Meme-It

Investors expect volatility as credit woes persist

ASSOCIATED PRESS

NEW YORK - The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package -... Read more

Meme-It

Asian Film Funds Take Local Approach

DAILY VARIETY

PUSAN Asian filmmakers should get used to accessing local film funds as the region sees expansion of the number of cash pools available. But they will need to be aware of significantly different... Read more

Meme-It

Hazardous to Handle: Bailout Plan Offers Companies Chance to Salvage Value

CHICAGO TRIBUNE

By Julie Johnsson and Joshua Boak, Chicago Tribune Oct. 5--Markets react to proposed bailout Wall Street's financial maelstrom is threatening some of Chicago's largest companies. They are... Read more

Meme-It

Chinese insurer to record $2.3B loss on Fortis

ASSOCIATED PRESS

BEIJING - China's Ping An Insurance Co. said Monday it will record a $2.3 billion loss on its stake in troubled European bank Fortis NV, in the biggest blow yet to a Chinese institution from the global credit crisis. Ping An, one of China's... Read more

Meme-It

Silicon Valley Nervously Eyeing Financial Crises

CHICAGO TRIBUNE

Since the credit crisis began to grip the financial world, Silicon Valley has watched from the sidelines, secure in the faith that it was insulated from the coming storm. That faith is now being... Read more

Meme-It

1 Hurdle Down, Many More to Go for the Economy

USA TODAY

The extraordinary $700 billion financial rescue plan that President Bush signed into law Friday will begin the process of healing a battered financial system. But it's only the start of a journey... Read more

Meme-It

Asian markets plunge on fears crisis is spreading

ASSOCIATED PRESS

SINGAPORE - Asian stock markets plunged Monday as investors took scant comfort from Washington's passage of a $700 billion bank bailout and focused instead on deepening financial turmoil in Europe... Read more

Meme-It

Meaningful Reform State's Society of CPAs is Promoting a Simpler Tax to Streamline Filing and Target Cheats

NEW YORK NEWSDAY

BY JOHN KEARNEY AND DAVID LIFSON. John Kearney, left, and is a partner with the Garden City CPA firm Jaeckle Kearney & Lepselter. David Lifson is a partner with the Manattan CPA firm Hays & Co. A... Read more

Meme-It

Some 'Safe' Investments Actually Could Be Losers

SCRIPPS HOWARD NEWS SERVICE

By TIM GRANT Investors who can't make sense of today's stormy stock market might think the safety and security of bond mutual funds and money market accounts are a way to avoid losing money. But... Read more

Meme-It

As Fear Gripped Markets, Even Reliable Mutual Fund Strategies Didn't Work

THE WASHINGTON POST

By Nancy Trejos and Alejandro Lazo It's been a rocky year for all investors, but for those who parked their money in mutual funds, it's been downright shocking. The public's crisis of... Read more

Meme-It

Counties, Communities Doing Budget Work Officials Have Various Strategies for Dealing With Tax Levy, Generating Revenue

MILWAUKEE JOURNAL SENTINEL

Governments across Ozaukee and Washington counties are setting their 2009 budgets, which will affect property taxes. Here's how preliminary budgets are shaping up for several communities: -... Read more