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September 29, 2005

China details stock rescue

China details stock rescue fund, markets jump
Reuters - By Lu Jianxin SHANGHAI, Sept 29 (Reuters) - China launched on Thursday a multi-billion dollar fund that will step in to protect investors when brokers go bust and act as a guardian of good practice for the nation's struggling stock market.

Fannie Mae shares plunge on report of probe
USA Today - We have an ongoing examination and I have no comment,'said Corinne Russell, a spokeswoman for the Office of Federal Housing Enterprise Oversight. drop wiped out more than $4 billion of the stock's market value. Fannie shares were exerting the most negative pressure

CORRECTED-US stocks set to gain on profit optimism
Reuters - chief strategist and head of research at Brewin Dolphin Securities.'The stock market is bound for some gains today

UPDATE 2-World Air to file financial statements by mid-October
Reuters - and cargo airline, said in a statement the Nasdaq Stock Market informed it on Wednesday that its shares are subject to

Suspension could hamper GOP agenda
Houston Chronicle - with allegations that he used insider information to bail out of a stock market investment before its value dropped

'Fruitful'talks for Schroeder, Merkel
CNN - to meet again next Wednesday. Germany's stock market, however, seemed willing to ignore the political stalemate

Posted by auctionbullet at September 29, 2005 09:25 PM