This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Indian Stock Markets down on recession fears

Stocks market after rallying high for one day have come down in India. Even Asian markets have shown same trend. " The Sensex continued its southward journey on Wednesday plummeting close to 650 points by 3.15 pm. The downslide is due to panic selling by major market...

Companies impose new disclosure rules on activists

Several key corpoartions announced today that they would require more detailed disclosure from politically or socially active shareholders.  Citing insufficient securities laws, the move was made amidst speculation that conflict of interest could motivate some...

After Bear Stearns Rescue, Who's Next?

" With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread."

House Panel Questions High Pay for CEOs

Like the oil company profits last year, it's another situation of individuals making a lot of money in sectors experiencing trouble."The heads of three companies implicated in the mortgage crisis have been asked to explain how they collectively received hundreds of millions...

Globalisation: sleepwalking to disaster

"Globalisation: sleepwalking to disaster Ann Pettifor The scale of global debt reflects a broken financial and commercial system that is doing immense damage to the planet and to public life, says Ann Pettifor. 11 - 12 - 2007 On 9 August 2007, globalisation's rickety...

Getty Images May Sell For More Than $1.5 billion, Report

This will be a substantial acquisition for whomever ends up acquiring Getty Images, at a projected price tag of more than $1.5 billion."Getty Images Inc, the world's biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block...