After The Bell Report: U.S. stocks plunge as economic worries grow; Dow falls 307 points
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| AFTER THE BELL REPORT • JAN 17, 2008 U.S. stocks plunge as economic worries grow; Dow falls 307 points
U.S. stocks sold off for a third straight day on Thursday, with the Dow sinking to a 10-month low in its worst day since Nov. 7, after Federal Reserve Chairman Ben Bernanke spoke about the country's economic trouble and a regional measure of economic activity contracted. See full story. The Fed: Bernanke endorses quick, temporary fiscal stimulus WASHINGTON (MarketWatch) -- Congress could help steer the economy away from recession if it adopted a quick, efficient and temporary fiscal stimulus plan, Federal Reserve Chairman Ben Bernanke told Congress on Thursday. See full story. Merrill keeping stakes in BlackRock, Bloomberg Despite facing huge write-offs and seeking capital from seemingly every emerging-market investment group, Merrill Lynch like a refugee on the run, still refuses to sell the family jewels. See full story. GM sets next round of buyouts; savings mount SAN FRANCISCO (MarketWatch) -- General Motors Corp. announced on Thursday that it is on track to achieve further cost savings beyond its 2010 targets, with the next phase of its attrition program set for launch next month. See full story. MARKETWATCH COMMENTARY David Callaway: Wall Street losing its own confidence game If it wasn't so scary for the rest of us, the once-in-a-generation crisis shaking Wall Street right now would be a joy to watch. See full story. MARKETWATCH PERSONAL FINANCE Vital Signs: Voters support mandatory health insurance, but candidates differ SAN FRANCISCO (MarketWatch) - As the presidential candidates tout their proposals to improve the nation's health-care system, it might behoove them to pay attention to a new survey that finds most Americans want to keep employer coverage in the mix and generally support mandated insurance. See full story. MarketWatch has sent you this e-newsletter because you signed up to receive it. Copyright © 2008 MarketWatch, Inc. All rights reserved. |
