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Market Currents - Real Time Wall Street Breakfast - Top Stories
Sunday, October 12 2008
Earliest at Top
Page auto-refreshes as new events occur (times are ET)
  • 9:54 AM Lehman's board approved more than $100M in payouts to top executives just three days before filing for bankruptcy. They never saw the money, though, and are now in line with unsecured creditors.
  • 7:59 AM If history has a say, U.S. markets may bottom before year-end, Barron's says. Even if 'things are different' this time, stocks seem to have already priced much of the doom and gloom in.
  • 7:52 AM Despite predicting the collapse, Jeremy Grantham says he's surprised by its magnitude, and by the ineptitude of those tasked with guarding America's wealth. Even with stocks down 40%, they're still not cheap.
  • 7:49 AM Barron's scans for cash-rich tech stocks whose stash has continued to burgeon despite the softening economy.
  • 7:46 AM The credit crisis has shifted emphasis back to the importance of a strong balance sheet. Barron's Andrew Bary highlights 25 cash-rich companies that patient investors can pick up on sale.
  • 4:57 AM Despite its earlier insistence that MacBooks (AAPL) were not prone to the Nvidia (NVDA) bug that has plagued HP (HPQ) and Dell (DELL) machines, Apple now concedes the screen-video flaw.
  • 4:51 AM Tel Aviv Exchange opening delayed after pre-indications of an 8% drop. The bourse is required to delay its opening if stocks drop more than 5% premarket, and will close for the day on a 12% plunge.
  • 4:39 AM Analysts say almost-broke GM (GM) would need tons of cash to swallow Chrysler. That anomaly, and the untimeliness of a deal, has them speculating there's more to the proposed combo than meets the eye.
  • 4:34 AM President Bush and world financial leaders were unified in their dedication to unity Saturday to tackle the unfolding credit crisis collectively, although no concrete accords or new tacks emerged.
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