Monday, October 20, 2008

Steven Wevodau - Bernanke warms to 2nd stimulus plan (Reuters)

Federal Reserve Chairman Ben Bernanke participates in a House hearing on 'Economic Recovery - Options and Challenges' on Capitol Hill, October 20, 2008. (Jason Reed/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.


Steven Wevodau

Jim Balsillie, co-chief executive of Research In Motion (RIM), holds the new Blackberry Bold handset during its launch in Mumbai September 18, 2008. (Punit Paranjpe/Reuters)Reuters - Research In Motion shares fell as much as 10 percent on Monday after one brokerage said retail sales trends for its BlackBerry smartphones in North America and Western Europe were weaker than hoped and another cut its earnings forecasts.


Steven Wevodau

The Merrill Lynch sign is pictured at the entrance of the Merrill Lynch offices in Sandton September 15, 2008. (Siphiwe Sibeko/Reuters)Reuters - Merrill Lynch & Co Inc, which last month accepted a takeover offer from Bank of America Corp, is set to cut about 500 jobs in its trading divisions, Bloomberg News reported on Monday, citing unidentified sources.


Steven Wevodau

No comments: