Tuesday, October 21, 2008

Steven Wevodau - Health care plans: Obama vs. McCain - USA Today

Democratic presidential nominee Barack Obama and Republican presidential nominee John McCain have dramatically divergent visions of how to reshape the health insurance system. For example, Obama wants to require parents to provide health insurance Steven Wevodau

MANILA, Oct 21 (Reuters) - The Philippines plans a four-fold increase in bank deposit insurance to 1 million pesos ($20,725) as part of steps to ensure stability in the financial system amid the global credit crisis, a government official said on Steven Wevodau

With the government taking unprecedented action to assuage public fear, the rules of account insurance coverage are being rewritten. But the changes are only temporary, intended to restore confidence and help ease the credit crunch. On Tuesday, Oct Steven Wevodau

ESIS, Inc., ( “ ESIS ® ” ) a risk management services company and part of the ACE Group of Companies, today announced the creation of the Medical, Professional and Product Liability Claims Consulting Unit. This new business unit within ESIS will Steven Wevodau

Western Apple Valley and southeastern Burnsville sent the Minnesota House a passionate voice for health care reform when it elected DFLer Shelley Madore in 2006. They should send her to St. Paul again this year. While this newspaper does not share Steven Wevodau

Monday, October 20, 2008

Steven Wevodau - Wall Street braced for new cuts, weak outlook at Yahoo (Reuters)

Microsoft runs across a news ticker above a Yahoo sign in New York City May 19, 2008. (Joshua Lott/Reuters)Reuters - Things went from bad to worse for Yahoo Inc a long time before the financial crisis spurred a new wave of advertising cutbacks by customers that will cast a pall over its quarterly results on Tuesday.


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

Steven Wevodau - American Express profit falls, but beats estimates (Reuters)

American Express profit falls, but beats estimates (Reuters)

American Express and MasterCard credit cards are shown in Washington June 25, 2008. (Jim Bourg/Reuters)Reuters - American Express Co said on Monday third quarter earnings fell more than 20 percent as it set aside more money to cover growing losses in its credit card business, but operating earnings beat analysts' estimates and there was a sigh of relief from investors as results were not as bad as some had expected.




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.




Merrill to cut 500 trading jobs: report (Reuters)

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.




RIM shares sag on brokerage reports (Reuters)

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.




Wall Street braced for new cuts, weak outlook at Yahoo (Reuters)

Microsoft runs across a news ticker above a Yahoo sign in New York City May 19, 2008. (Joshua Lott/Reuters)Reuters - Things went from bad to worse for Yahoo Inc a long time before the financial crisis spurred a new wave of advertising cutbacks by customers that will cast a pall over its quarterly results on Tuesday.




Wall Street soars on Bernanke and easing credit strains (Reuters)

A trader works on the floor of the New York Stock Exchange October 20, 2008. U.S. stocks extended gains on Monday as investors snapped up beaten-down energy shares and Federal Reserve Chairman Ben Bernanke said another economic stimulus plan may be needed to revive lagging growth. (Brendan McDermid/Reuters)Reuters - NEW YORK (Reuters) -Stocks rallied on Monday after the Federal Reserve's chairman backed more government spending to help the economy and credit market conditions showed further signs of improvement.



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

Sunday, October 19, 2008

Steven Wevodau - Stocks eye earnings for economic clues (Reuters)

Stocks eye earnings for economic clues (Reuters)

A trader works on the floor of the New York Stock Exchange, October 17, 2008. (Brendan McDermid/Reuters)Reuters - Even as credit market strains show signs of easing, a barrage of earnings will steal the spotlight this week as Wall Street looks for a picture of how profits will fare in the face of a severe economic slowdown.



Steven Wevodau - S.Korea joins global rescue, crisis summit planned (Reuters)

S.Korea joins global rescue, crisis summit planned (Reuters)

U.S. Secretary of State Condoleezza Rice (L) and Treasury Secretary Henry Paulson wait for the helicopter arrival of French President Nicolas Sarkozy and European Commission President Jose Manual Barroso at the Presidential retreat at Camp David, October 18, 2008. U.S. President George W. Bush hosted the two European leaders for talks on the global economy. (Jason Reed/Reuters)Reuters - South Korea joined efforts on Sunday to shore up banks and markets pummeled by the biggest economic crisis since the Great Depression which world leaders said called for a coordinated global response.




Changing fear factor, cheaper stocks (Reuters)
Reuters - Predicting what financial markets will do at the moment is more than a mug's game, given massive levels of volatility, but certain factors have arisen recently that may put investors in a new frame of mind this week.

White House's Lazear: Parts of U.S. in recession (Reuters)

Edward Lazear, Chairman of the President's Council of Economic Advisers, speaks to the press at the White House in Washington February 11, 2008, after President George W. Bush signed the 2008 Economic Report. (Jason Reed/Reuters)Reuters - Parts of the United States, struggling with high jobless rates, seem to be in recession, but the government's plan to support credit markets will help, President George W. Bush's top economic adviser said on Sunday.




Stocks eye earnings for economic clues (Reuters)

A trader works on the floor of the New York Stock Exchange, October 17, 2008. (Brendan McDermid/Reuters)Reuters - Even as credit market strains show signs of easing, a barrage of earnings will steal the spotlight this week as Wall Street looks for a picture of how profits will fare in the face of a severe economic slowdown.




Michigan politicians fret over GM, Chrysler's future (Reuters)

The Chrysler Warren Truck Assembly plant is seen in Warren, Michigan October 14, 2008. (Rebecca Cook/Reuters)Reuters - Merger talks between automakers Chrysler LLC and General Motors Corp leaves Michigan politicians stuck with conflicting feelings: hopeful a combined entity would prosper but fearful it would mean job losses and tax revenue, plus a huge real estate headache.




Steven Wevodau - Michigan politicians fret over GM, Chrysler's future (Reuters)

The Chrysler Warren Truck Assembly plant is seen in Warren, Michigan October 14, 2008. (Rebecca Cook/Reuters)Reuters - Merger talks between automakers Chrysler LLC and General Motors Corp leaves Michigan politicians stuck with conflicting feelings: hopeful a combined entity would prosper but fearful it would mean job losses and tax revenue, plus a huge real estate headache.


Steven Wevodau

Edward Lazear, Chairman of the President's Council of Economic Advisers, speaks to the press at the White House in Washington February 11, 2008, after President George W. Bush signed the 2008 Economic Report. (Jason Reed/Reuters)Reuters - Parts of the United States, struggling with high jobless rates, seem to be in recession, but the government's plan to support credit markets will help, President George W. Bush's top economic adviser said on Sunday.


Steven Wevodau

Reuters - Predicting what financial markets will do at the moment is more than a mug's game, given massive levels of volatility, but certain factors have arisen recently that may put investors in a new frame of mind this week. Steven Wevodau

A trader works on the floor of the New York Stock Exchange, October 17, 2008. (Brendan McDermid/Reuters)Reuters - Even as credit market strains show signs of easing, a barrage of earnings will steal the spotlight this week as Wall Street looks for a picture of how profits will fare in the face of a severe economic slowdown.


Steven Wevodau

U.S. Secretary of State Condoleezza Rice (L) and Treasury Secretary Henry Paulson wait for the helicopter arrival of French President Nicolas Sarkozy and European Commission President Jose Manual Barroso at the Presidential retreat at Camp David, October 18, 2008. U.S. President George W. Bush hosted the two European leaders for talks on the global economy. (Jason Reed/Reuters)Reuters - South Korea joined efforts on Sunday to shore up banks and markets pummeled by the biggest economic crisis since the Great Depression which world leaders said called for a coordinated global response.


Steven Wevodau