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Article Archive for November 2008

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Dow closes below 8,000 while S&P closes at 5 year low

Today was another bleak day on Wall Street. The Dow tumbled over 5% to end down below the 8,000 point mark.
Investors are worried about their own financial futures as they look toward the market. All the news coming out of Wall Street is grim. Everything …

Buy one get one free cars?

Pick almost any day of the week and you can walk into a Payless Shoe store and get some sort of Buy one Get one special. The same applies for grocery store items…However, it’s not everyday that you can buy one get one free automobiles.
Recently, …

Citigroup stock drops to a 13 year low…

Citigroup’s stock fell today more than 20% to $6.40 a share. This is the lowest stock price that the group has seen since 1995.
I guess this means that investors don’t believe the cost-cutting measures Citi has announced in the last couple of months won’t work…or …

Yahoo CEO steps down

Yahoo! CEO Jerry Yang has stepped down. This news gave investors something to look forward to today; Now with Yang out of the way perhaps that Microsoft bid will come back sometime soon…
I read most of my news on Yahoo News…I think I’m one of …

The “Big 3″ collapse could be…really bad

If the “Big 3″ automakers collapse, there will be more than just Ford, GM, and Chrysler employees laid off…
You can’t forget about companies on the supply chain that supply these companies with parts and materials that go into building a car. What will Goodyear do? …