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Latest news for Electronics

G7 pledges united crisis response but rifts emerge (Reuters)

10-10-2008 16:52

Treasury Secretary Henry Paulson (R) talks to Federal Reserve Chairman Ben Bernanke at the beginning of the G7 Ministerial meeting at the Treasury Department in Washington October 10, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession.

Wall St crawls back as G7 meets to tackle crisis (Reuters)

10-10-2008 16:50

A broker pauses as he trades sterling swaps at ICAP, in London October 10, 2008. Europe joined Asia's panic selling of stocks on Friday, knocking the benchmark world equity index to a 5-year trough, while the low-yielding yen jumped as fears grew that policymakers' efforts to contain the global financial crisis won't be enough. (Suzanne Plunkett/Reuters)Reuters - Wall Street titans buckled under the weight of a global stock market panic on Friday as the finance chiefs of the world's major economies gathered in Washington to confront the inescapable financial crisis.

Market ends mostly lower after wild session (Reuters)

10-10-2008 16:48

A trader works on the floor of the New York Stock Exchange, October 7, 2008. (Brendan McDermid/Reuters)Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.

Morgan Stanley, MUFG not renegotiating deal: source (Reuters)

10-10-2008 16:29

Reuters - Morgan Stanley and Mitsubishi UFJ Financial Group Inc (8306.T) are not in talks to renegotiate their deal for a $9 billion investment by Japan's top bank in the U.S. company, a source familiar with the matter said on Friday.

Bank of America, JPMorgan, lead bank rally (Reuters)

10-10-2008 16:20

Reuters - The shares of JPMorgan Chase & Co , Bank of America Corp and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc and Morgan Stanley .

Wall St turns higher on G7 action hopes (Reuters)

10-10-2008 15:50

A trader works on the floor of the New York Stock Exchange, October 7, 2008. (Brendan McDermid/Reuters)Reuters - Stocks turned positive and the Dow industrials jumped more than 200 points in late afternoon trading on Friday, led by financials in a turbulent session with analysts citing bets that the finance chiefs of the world's major economies will take coordinated steps this weekend to confront the financial crisis.

Morgan Stanley, Goldman shares drop on crisis fear (Reuters)

10-10-2008 15:33

The exterior of the headquarters of investment bank Morgan Stanley is pictured in New York City, September 17, 2008. (Mike Segar/Reuters)Reuters - Morgan Stanley and Goldman Sachs Group Inc shares slumped on Friday after Moody's Investors Service said it might cut their ratings, reviving worries that they might not be strong enough to survive the credit crisis.

Policy-makers weighing more steps to bolster banks (Reuters)

10-10-2008 14:40

President George W. Bush leaves the podium after speaking about the global financial and credit crisis in the Rose Garden of the White House in Washington, October 10, 2008. (Jim Bourg/Reuters)Reuters - The George W. Bush administration may give an unlimited guarantee to bank deposits or buy a share of major banks in an effort to stabilize the battered financial sector and reeling markets.

Oil drops 10 percent on demand, risk concerns (Reuters)

10-10-2008 14:23

An attendant holds a petrol nozzle at a petrol pump in the northeastern Indian city of Siliguri August 5, 2008. (Rupak De Chowdhuri/Reuters)Reuters - Oil prices dropped 10 percent on Friday and touched 13-month lows in a flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.

Wall St. giants buried in global stock market panic (Reuters)

10-10-2008 14:15

Share trader Tom Holler reacts on the opening course as he sits behind his trading terminal at the Frankfurt stock exchange, October 10, 2008. (Kai Pfaffenbach/Reuters)Reuters - Wall Street titans buckled under the weight of a global stock market panic on Friday as the finance chiefs of the world's major economies gathered in Washington to confront the inescapable financial crisis.

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