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USA UK and Malta News
26/09/2008 - 19:56

USA Today Editoweb 26 septembre 2008

Economy's spring rebound was bit less energetic - Stocks decline on on bailout clash; tech slides - FTSE slumps amid uncertainty over US bailout.



Economy's spring rebound was bit less energetic

The economy's spring rebound turned out to be slightly less energetic than the government previously thought. And, the road ahead is likely to be rocky as the country gets pounded by the worst financial crisis in decades.

Stocks decline on on bailout clash; tech slides

Financial markets remained tense Friday after efforts to approve a $700 billion federal banking bailout ran into opposition from Republican lawmakers. Stocks mostly declined while demand for safe-haven buying in government debt remained but eased slightly.

FTSE slumps amid uncertainty over US bailout

The leading share index fell sharply into the red on Friday after the proposed $700 billion bailout of the US financial sector hit an impasse amid political wrangling in Washington.

Wachovia, National City shares tumble on bailout, WaMu

Shares of Wachovia Corp and National City Corp tumbled on worries about heavy mortgage losses, as talks on a $700 billion financial sector bailout bogged down and regulators seized Washington Mutual Inc in the largest bank failure in U.S. history.

Wall St. drops as bailout hits snag, WaMu weighs

Stocks fell on Friday as nervousness abounded about when Congress would pass a $700 billion financial sector rescue and Washington Mutual became the largest U.S. bank failure in history.

World stocks crumble on rescue package impasse, bank stress

 Global share prices crumbled Friday and investor anxiety mounted as political wrangling blocked a deal to save the US finance sector, a big US bank collapsed and a European institution showed signs of stress.

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