Wednesday, September 19, 2007

Wall St jumps as Fed cuts rate; dollar plunges

Lehman Brothers has provided the first glimpse of the effect of the credit crisis on Wall Street banks, saying it has been forced to write off more than $1bn from the value of loans to private equity-owned ...more



Federal Reserve Lowers Interest Rates


After four years of record high foreclosures and inflation rates, the Federal Reserve lowers interest rates.
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Spokane dodging subprime problems for now


Spokane keeps waiting to see if the credit crunch afflicting the mortgage industry across the country will spread to the Northwest.
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Expert suggests keys for business success


Individuals interested in starting a small business in the area got many helpful hints from the Small Business Administration during a workshop in Sidney Thursday night.
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Will the drop in the Federal Fund rate help future home buyers?


The Federal Reserve lowered the federal fund rate by half a percentage point today.
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Wall St jumps as Fed cuts rate; dollar plunges


The Dow Jones industrial average was up 251.02 points, or 1.87%, at 13,654.44. The Standard Poor's 500 Index was up 31.49 points, or 2.13%, at 1,508.14. The Nasdaq Composite Index was up 51.60 points, or 2.00%, ...more



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