Info: Business Today - Pressure on G7 after muted response to rate cuts

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Pressure on G7 after muted response to rate cuts
October 09, 2008 07:58 AM ET
LONDON (Reuters) - Finance ministers from the world's top economies
faced calls on Thursday for united action after an emergency
round of interest rate cuts and government support for ailing
banks won only muted market support.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/YPE63/YT/t

Stock futures jump as IBM spurs spending optimism
October 09, 2008 07:47 AM ET
NEW YORK (Reuters) - Stock index futures rose on Thursday as
a stronger-than-expected profit from technology bellwether IBM
suggested that the credit turmoil is not stifling all business
demand.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/3HR2N/YT/t

Jobless claims drop as hurricane impact fades
October 09, 2008 08:36 AM ET
WASHINGTON (Reuters) - The number of U.S. workers filing new
claims for jobless benefits fell 20,000 last week and was in
line with forecasts as the impact of hurricanes Gustav and Ike
eased, government data on Thursday showed.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/DABD7/YT/t

National City up on sale talk report
October 09, 2008 08:06 AM ET
NEW YORK (Reuters) - Shares of National City Corp jumped nearly
30 percent to $2.89 before the bell on Thursday after the Wall
Street Journal reported that the U.S. regional bank is in sale
talks.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/GM6EM/YT/t

Treasury says has power to inject bank capital
October 09, 2008 07:37 AM ET
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson
said on Wednesday a recently approved financial bailout bill
gives him wide authority to inject capital into the banking
system and would not rule out having Treasury take an ownership
position in banks if necessary.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/DABDO/YT/t

IBM's earnings strength calms tech jitters
October 09, 2008 07:54 AM ET
NEW YORK (Reuters) - IBM posted a higher-than-expected preliminary
quarterly profit and affirmed its full-year outlook, calming
some fears that the financial crisis is sparking a meltdown
in technology demand.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/EZGY7/YT/t

Some calm returns after coordinated rate cuts
October 09, 2008 07:37 AM ET
LONDON (Reuters) - Many stock markets rose on Thursday and winners
during the recent turmoil, such as the yen and gold, slipped
as at least temporary calm returned to markets a day after coordinated
global interest rate cuts.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/PEMPW/YT/t

BlackRock, Pimco bid to manage bailout assets: report
October 09, 2008 07:37 AM ET
(Reuters) - BlackRock Inc and Pacific Investment Management Co
(Pimco) are bidding to manage mortgage-backed assets in the
U.S.'s $700 billion financial bailout, Bloomberg news agency
said, citing people familiar with the matter.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/JWCSM/YT/t

Canada rated world's soundest bank system: survey
October 09, 2008 07:37 AM ET
CANBERRA (Reuters) - Canada has the world's soundest banking
system, closely followed by Sweden, Luxembourg and Australia,
a survey by the World Economic Forum has found as financial
crisis and bank failures shake world markets.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/URKHQ/YT/t

Trade finance booms amid global crisis
October 09, 2008 07:25 AM ET
GENEVA (Reuters) - Business is booming in the trade finance market
as exporters and importers return to a tried and tested form
of credit amid the chaos of the financial crisis, bankers in
the sector say.
http://links.reuters.com/r/F367J/GP2BU/PF0ZNZ/ZV1HL/JWCS5/YT/t

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