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British house prices see 15.9% annual drop in December
LONDON (MarketWatch) -- British house prices posted a 2.5% monthly drop in December, declining 15.9% compared to the same month last year, mortgage lender Nationwide reported Tuesday. Economists had expected a 1.8% monthly fall and a 14.7% annual decline. Market Pulse Stories are Rapid-fire, short n ... more »
MarketWatch.com  –  21 hours, 31 minutes ago  –  comment?
Next sales drop, sees FY results in line with expectations
LONDON (MarketWatch) -- British fashion store chain operator Next said Tuesday that sales from Jul. 29 to Dec. 24 fell 1.9% compared to the same period a year ago. Comparable retail sales fell 7.0%, the firm noted. Still, Next expects full year profit to meet market consensus expectations which rang ... more »
MarketWatch.com  –  21 hours, 31 minutes ago  –  comment?
Market's Dip Spares Banks
Financials were the session's silver lining after the Treasury said it planned to invest directly in banks.
SmartMoney.com  –  21 hours, 34 minutes ago  –  comment?
Photo from Yahoo! Congressmen sound off against SEC in Madoff affair
AP - Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission.
Yahoo!  –  22 hours, 15 minutes ago  –  comment?
Toyota Hits The Brakes
With demand falling, the automaker will halt production at its Japanese factories for 11 days.
Forbes.com  –  23 hours, 35 minutes ago  –  comment?
Nasdaq Opens Derivatives Clearinghouse
Nasdaq launched its clearinghouse for interest-rate-swap futures, aiming to sell equity stakes in the new market.
Wall Street Journal  –  23 hours, 54 minutes ago  –  comment?
Asia Pacific rises for ninth consecutive day
The yen weakened overnight and oil and commodity prices rose, boosting Asia Pacific shares which rose for the ninth day in a row – the longest series of consecutive daily gains since for the MSCI Asia Pacific index since August 2004
Financial Times  –  Jan 6, 2009 04:47 AM [GMT]  –  comment?
Answering Morgan Stanley Riddle
Two leading candidates to succeed Morgan Stanley CEO John Mack represent two distinct visions of what the battered firm may eventually become.
Wall Street Journal  –  Jan 6, 2009 04:44 AM [GMT]  –  comment?
Photo from Yahoo! Asian markets extend gains, Nikkei up 0.4 percent
AP - Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade in the U.S. and Europe amid growing optimism the world economy will recover later this year.
Yahoo!  –  Jan 6, 2009 04:42 AM [GMT]  –  comment?
Texas Gets Passing Mark on Failures
More than 800 banks and thrifts in Texas went bust in the 1980s and 1990s, but banks in the state have been surprisingly resilient during the current crisis.
Wall Street Journal  –  Jan 6, 2009 04:29 AM [GMT]  –  comment?