Latest News in Stock Funds Markets – Jan 07, 2009

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TIMELINE: Satyam chief quits, shares plunge – Reuters

7 Jan 2009 at 4:56am
SINGAPORE (Reuters) – The chairman of Satyam Computer Services ( SATY.BO ), India’s 4th-biggest software services exporter, resigned on Wednesday, saying the company’s profits had been inflated over recent years, sending Satyam shares plunging more …

UPDATE 5-Bank of America, tycoon sell China bank stakes – Reuters

7 Jan 2009 at 7:12am
HONG KONG, Jan 7 (Reuters) – Top U.S. lender Bank of America ( BAC.N ) raised $2.83 billion from selling part of its holding in China Construction Bank ( 0939.HK ) and Hong Kong’s richest tycoon followed by selling a $500 million stake in rival Bank …

Bad investment decisions cost state pension fund billions – Fresno Bee

7 Jan 2009 at 7:34am
Sorting out risky real estate investments must be one of the first tasks of Anne Stausboll, the new chief executive officer of the California Public Employees Retirement System. CalPERS has suffered huge losses in the value of its real estate …

Gold futures fall below $850, amid oil, stock losses – Marketwatch

7 Jan 2009 at 7:48am
NEW YORK (MarketWatch) — Gold futures fell Wednesday to below $850 an ounce, pacing losses in U.S. stocks and crude-oil futures, with the falling oil prices reducing the metal’s appeal as a hedge against inflation. Limiting gold’s losses, the U.S …

Stock & fund quotes – ninemsn

7 Jan 2009 at 8:24am
NEW YORK, Jan 7 (Reuters) – U.S. stocks fell on Wednesday as signs of more labor market deterioration and a disappointing revenue outlook from technology bellwether Intel Corp heightened concerns about the severity of the recession. Coming two days …

MMF market grows to record-high W93.4tr – Korea Herald

7 Jan 2009 at 6:36am
Money market fund assets increased by 3.19 trillion won ($2.5 billion) on Jan. 5 alone, the Asset Management Association of Korea reported yesterday. It said the net inflow propelled total MMF assets to a record high 93.4 trillion won. Domestic …

Tune out hysteria to build your wealth – Chicago Tribune

7 Jan 2009 at 8:38am
With the economy in a recession and most experts predicting that the worst lies ahead, deciding what to do with your money seems overwhelming. Many market strategists are urging investors to remain cautious with investments, yet there are brave souls …

The best (and cheapest) funds around – CNN Money

7 Jan 2009 at 4:28am
NEW YORK (Money) — Question: In your article in the January issue of Money , you recommend buying total market index ETFs. But I don’t find being able to trade ETFs like stocks throughout the day to be an advantage for me. For example, if I buy the …

Profit-Taking Snaps Europe’s Rally – Wall Street Journal

7 Jan 2009 at 7:05am
European stock prices opened lower Wednesday on profit-taking after the market’s recent rally, and as concerns surfaced over companies’ fund-raising plans. Shortly after the open, the pan-European Dow Jones Stoxx 600 Index declined 0.5% to 211.88 …

Turkish assets slip on European market gloom – FXStreet.com

7 Jan 2009 at 6:15am
ISTANBUL, Jan 7 (Reuters) – Turkish stocks slipped some 2 percent on Wednesday, tracking European markets lower on interim profit-taking after recent gains and gloomy euro zone economic data, while the Turkish lira weakened against the dollar. By …

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January 07 2009 09:19 am | Stock Market News

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