Latest News in Stock Funds Markets – Dec 31, 2008

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Will You Buy a Car With a GMAC Loan? – ABC News

31 Dec 2008 at 8:32am
More would-be car buyers will qualify for auto loans through the financing company GMAC. The company, which is partly owned by General Motors, says that a new $6 billion infusion from the federal government’s financial rescue package will allow it to …

Nikkei up on oil and yen, but 2008 worst year ever – CNBC

28 Dec 2008 at 4:57pm
TOKYO, Dec 30 (Reuters) – Japan’s Nikkei average rose 1.3 percent on Tuesday, the final trading day of the year, as higher oil boosted the market, but it still booked its worst year ever with a loss of 42 percent. Canon Inc and other exporters gained …

Treasury provides financial support to 43 banks – Associated Press

31 Dec 2008 at 7:28am
WASHINGTON (AP) — The Treasury Department said Monday that it has provided $1.9 billion to 43 banks as part of the government’s $700 billion financial rescue program. Buffalo, N.Y.-based M&T Bank Corp. received the most, getting $600 million from …

Area home prices off 20.4% as of October – Detroit Free Press

31 Dec 2008 at 6:23am
The composite of the nation’s top 10 metro areas had annual declines of 19.1% in home prices for October and the top 20-city composite was off by 18%. “The bear market continues with home prices back to their March 2004 levels,” said David M. Blitzer …

K-Dow deal scrapped – Midland Daily News

31 Dec 2008 at 8:18am
Kuwait on Sunday canceled its $17.4 billion joint venture plans with The Dow Chemical Co. Concern was growing among government officials in the small Middle Eastern country about the risks involved in creating K-Dow Petrochemicals amid the current …

Our ailing economy/ Part three: Taking stock – Pittsburgh Post-Gazette

31 Dec 2008 at 8:25am
Specialists Glenn Carell, left, and Peter Mazza work last month on the floor of the New York Stock Exchange. Investors suffered through the market’s most nerve-wracking year since the Great Depression. Thanks to 401(k) and IRA accounts, the pain was …

How the 30 largest funds fared in 2008 – Globe and Mail

31 Dec 2008 at 6:02am
For many mutual fund investors, it has been a year of pain. The market collapse of 2008 has wiped out a big chunk of wealth in stock funds. It didn’t matter whether investors had money in a plain vanilla Canadian equity fund, or more exotic global or …

Rupee posts biggest yearly fall since ’90s – Economic Times

31 Dec 2008 at 7:56am
MUMBAI: Rupee fell 19.1 per cent in 2008, its biggest yearly fall since the early 1990s, as foreign fund withdrawals from the stock market and a widening trade deficit weighed. The partially convertible rupee closed at 48.70/72 per dollar on …

Stock & fund quotes – ninemsn

31 Dec 2008 at 8:25am
Wall St set to end 2008 as one of worst years ever * Fed plan to drive down mortgage costs boosts optimism * Initial jobless claims fall more than expected * Dow, S&P 500 up 0.7 pct, Nasdaq up 1 pct * For up to the minute market news, please click on …

PIMCO Municipal Income Fund and PIMCO New York Municipal Income – MSN MoneyCe…

31 Dec 2008 at 7:56am
NEW YORK, Dec. 31, 2008 (GLOBE NEWSWIRE) — PIMCO Municipal Income Fund (NYSE:PMF) and PIMCO New York Municipal Income Fund II (NYSE:PNI) (each a “Fund” and collectively, the “Funds”) announced today that the Funds have postponed the payment of the …

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December 31 2008 09:02 am | Stock Market News

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