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USA UK and Malta News
29/09/2008 - 20:03

USA Today Editoweb 29 septembre 2008

Consumer spending weakens as stimulus fades - Stocks tumble as House votes on plan - US stocks plunge 500 points as House votes on bailout.



Consumer spending weakens as stimulus fades

Consumer spending in August turned in the weakest performance in six months, underscoring the threat the economy faces as the government's stimulus program fades into the past.

Stocks tumble as House votes on plan

Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, as traders feared the financial bailout package would not pass the House.

US stocks plunge 500 points as House votes on bailout

US blue-chip stocks plunged more than 500 points Monday as the House of Representatives voted on a 700-billion-dollar bailout of financial firms.

Stocks swoon on fears of House rejection of bailout

Stocks extended losses on Monday, with the S&P 500 down more than 7 percent, on fears the U.S. House of Representatives was going to kill the $700 billion bailout bill as the vote came down to the wire.

Markets slide before crucial US bailout vote

Global stock markets plunged Monday as a series of US and European bank failures rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.

FTSE 100 plunges on bank failure

The leading stock exchange nosedived by more than 5 percent on Monday as the nationalisation of Bradford & Bingley rattled investor hopes that the financial crisis can be contained by a massive US bailout plan.

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