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Sunday afternoon the Federal Reserve ok’d Wells Fargo’s takeover of Wachovia. The announcement was made unusually on a Sunday because tomorrow when the markets open perhaps the news would help stabilize the markets rather than having another record Monday drop.
The last two Mondays have …

The Dow Industrial Average fell another 500 points today ending at below 9,500 points.
Like a broken record, the news is reporting that the fall in the markets is due to credit worries. Now the credit crisis has seeped into foreign markets.
The S&P financial sub-index …

Once upon a time in 2004 Bertelsmann Music Group (Known as BMG) bought a 50% share in Sony Music Entertainment. From that point on Sony was known as Sony BMG and they held a 21.5% share in the global music industry.
Today Bertelsmann and Sony released …

Warner Brother’s The Dark Knight set a box office record of $66.4 million on opening day. It surpassed Spiderman 3, which set the record last year at $59.8 million. We’ll have to wait until late Sunday afternoon to get the totals for the weekend, but …