Government leaders from the major European Union, by Lucas Dolega EPA
An unsurprising move, after the something similar was announced in the US and the UK. Germany will inject up to $536 billion. The initial plan calls for $50 to $100 billion. Norway is going to spend $58 billion. France will pledge less than Germany. Britain is spending $255 billion and the US $700 billion.
Analysts are predicting a bleak holiday season for retailers. Are you planning on spending a lot of money?
The Fed approves Wells Fargo’s takeover bid of Wachovia. The bid was for $12.2 billion.
Fannie Mae and Freddie Mac were ordered to buy $40 billion a month of troubled mortgages.
Mitsubishi and Morgan Stanley are renegotiating their deal. MS was supposed to get an infusion of $9 billion from the Japanese giant. MS stock has hit $9.68. It was valued at $25.38 when they announce part of the deal. Mitsubishi still wants 21% of MS, but at a far lower price than last month.
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mate, you’re a lifesaver. I love these recaps of yours, I would be lost otherwise & I need this for school
You know, I am ignorant of what is going on financially in the world. Well, maybe not completely, yet I can’t help but think how much happier I am without watching the news or paying attention to stock markets.
On another note… I hope you are doing well range… my long time blogger friend!
Hey Jess,
I look at my print that you sent me every day. It’s gorgeous.
Other than that, I’ve lost about 50lbs and I’m thinking of joining a triathlon team. I’m in Quebec City for the moment, so if you swing by here at some point, it would be cool.