Published Tuesday, October 7, 2008
Fed to buy short-term debt
WASHINGTON (AP) - The Federal Reserve announced today a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.
Suitors agree to cool heels over Wachovia
NEW YORK (AP) Wachovia, Citigroup and Wells Fargo yesterday agreed to a standstill of all formal litigation activity - a sign that the banks and the Federal Reserve are working feverishly to reach an agreement over the fate of Wachovia.
Government warns of higher heating costs
WASHINGTON (AP) - Although global oil prices have plummeted, heating your home this winter will be a lot more expensive, especially for households that depend on fuel oil, the Department of Energy predicted today.
Dow ends below 10,000 for first time since ’04
NEW YORK (AP) - Wall Street joined in a worldwide cascade of despair yesterday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.
Mars Inc., Wrigley close $23 billion takeover deal
HARRISBURG, Pa. (AP) - Mars Inc. has closed a $23 billion deal to purchase chewing-gum giant Wm. Wrigley Jr. Co., the companies said yesterday, making the combined business the world’s largest candy maker.
BUSINESS CALENDAR
PC INFO
Software offers blast from past
By SCOTT A. MAY
This probably will make me sound like an old fogey, but I believe you can’t fully appreciate the present until you understand the past. This is especially true in the realm of consumer electronics, where innovations move so fast, it’s easy to forget where we’ve been.
Wrong numbers
WASHINGTON (AP) - Rosalba Posada can tick off a list of problems she has encountered trying to use prepaid calling cards to stay in touch with family back in Colombia.
Business is easy to enter
WASHINGTON (AP) - One reason that the prepaid calling card market is ripe for fraud and deception is that it is so easy to get into the business.
