Latest News in Stock Funds Markets – Nov 26, 2008 | Stock Market News

Latest News in Stock Funds Markets – Nov 26, 2008

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Rio Tinto says it is comfortable with debt level – Reading Eagle

26 Nov 2008 at 4:42am
SYDNEY, Australia – Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio’s share price plummeting. Rio Tinto Chairman Paul …

Crawford Analyst Day at the New York Stock Exchange – EIN News

25 Nov 2008 at 4:24pm
ATLANTA, November 25 /PRNewswire/ — Crawford & Company (NYSE: CRDA; CRDB) celebrated 40 years as a publicly traded company by ringing The Closing Bell(R) at the New York Stock Exchange on November 21. A strategic overview of the Company was …

FOREX-US dollar up vs euro on risk aversion; falls vs yen – Reuters

26 Nov 2008 at 8:02am
NEW YORK, Nov 26 (Reuters) – Renewed risk aversion helped support the U.S. dollar versus the euro on Wednesday amid fears of a deepening economic recession in the U.S. after a report showed a much larger than expected drop in durable goods orders …

Qantas to cut flights and change routes – News.com.au

24 Nov 2008 at 7:24pm
QANTAS is to cut its fleet and amend routes as passenger numbers fall during the global financial crisis. Outgoing chief executive Geoff Dixon said Qantas will reduce capacity equivalent to grounding 10 aircraft. Mr Dixon said this will be done by …

Fed throws $800 b lifeline – Sify

26 Nov 2008 at 12:17am
Under the new mortgage programme, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. It will also buy up to $500 billion of mortgage securities …

Merger Arbitrage: Sound Strategy for a Bear Market – Seekingalpha.com

26 Nov 2008 at 8:16am
With the stock market declines that hedge fund and mutual fund redemptions as well as the deleveraging on Wall Street have caused, investors are definitely wondering whether they would ever be able to reach their financial goals. The increasing …

Russia’s VEB invests $3 bln to shore up domestic stock market – RIA Novosti

26 Nov 2008 at 4:20am
MOSCOW, November 26 (RIA Novosti) – Russia’s national development bank Vnesheconombank (VEB) has so far invested 85 billion rubles ($3.1 billion) in the domestic stock market amid the ongoing global financial crisis, the VEB president said on …

OHA investment portfolio takes steep dive – KPUA.net

26 Nov 2008 at 7:33am
HONOLULU (AP) _ The investment portfolio of the state Office of Hawaiian Affairs has plummeted nearly 28 percent this year. The value of the Native Hawaiian Trust Fund dropped from $444 million on Dec. 31 to $320 million on Oct. 21. The fund’s value …

Hunt Gold Corporation — JV Acquires Additional Stock – StreetInsider.com

26 Nov 2008 at 8:59am
NEW YORK, NY — (MARKET WIRE) — 11/26/08 — Hunt Gold Corporation (PINKSHEETS: HGLC ) announced on November 14, 2008 that the Joint Venture Company (The 50/50 partnership between Company and a Mining Fund) had identified a substantial and consistent …

PIMCO California Municipal Income Fund II May Postpone Next Monthly … – MS…

26 Nov 2008 at 7:19am
NEW YORK, Nov. 26, 2008 (GLOBE NEWSWIRE) — PIMCO California Municipal Income Fund II (NYSE:PCK) (the “Fund”) may be required to delay the payment of the declared November dividend and the declaration of the next scheduled dividend on the Fund’s …

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November 26 2008 08:47 am | Stock Market News

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