Industry
2008

pre2001 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | Homepage

2008

• Heparin: FDA Withholds List of Chinese Heparin Suppliers From Probe by Congress - Wall Street Journal 10may2008

  • Heparin: Testimony Before Congressional Subcommittee by Marcia Crosse, GAO Director of Health Care: GAO-08-701T 22apr2008

• FedEx Profits Down on Fuel Costs and Weakening Demand for its U.S. Express Delivery - Business Week 9may2008

• Insurance Giant AIG Posts Record Loss on Bad Debt - BBC 9may2008

• Fannie Mae and Freddie Mac: Doubts Raised on Big Backers of Mortgages - New York Times 6may2008

• Oil: Goldman's Murti Says Oil 'Likely' to Reach $150-$200 - Bloomberg 6may2008

• Pepsi to Cut Plastic Used in Bottles: Too Bad For Municipalities Recycling Programs - Wall Street Journal 6may2008

• The Great Big Food Kablooey: Why Food is Complicated - Casaubon's Book 1may2008

• Mary Gade: EPA Regional Chief Resigns After Dispute Over Dow's Dioxin Pollution - Wall Street Journal 3may2008

• Low Spending Is Taking Toll on Economy - New York Times 1may2008

• Home Depot Plans More Closings - Wall Street Journal 2may2008

• Consumer Spending Up on Higher Prices: Record Gasoline Prices, Deep Housing Slump and Rising Unemployment - AP 1may2008

• The Politics Of Food Is Politics - Speaking Truth To Power 26apr2008

• New Home Sales Plunge to Lowest Level in 16½ Years  - AP 24apr2008

• Delta, Northwest Lose Combined $10.5B on High Fuel, Charges - AP 23apr2008

• The Market's Worst is Yet to Come - MSN Money 21apr2008

• Bank of America's Profit Drops 77 Percent in First Quarter - AP 21apr2008

• Libor's Rise May Sock Many Borrowers - Wall Street Journal 19apr2008

• Why Lenders Are Leery Of Short Sales - Wall Street Journal 17apr2008

• Credit Default Swaps and Bank Leverage - Naked Capitalism 16apr2008

• Economy Weakens Further in Sales, Housing, Credit, and Jobs - AP 16apr2008

• Global Systemic Crisis: Four Big Trends Over the 2008-2013 Period - Global Europe Anticipation Bulletin 16apr2008

• Global Systemic Crisis: End of 2008: Pension Funds Go Off The Rails - Global Europe Anticipation Bulletin 15mar2008

• Factories Fading, Hospitals Step In - Wall Street Journal 15apr2008

• IMF Warns of 'Fire and Ice' Threat to the World - The Telegraph (UK) 12apr2008

• IMF Cuts US Growth Forecast, Warns of Global Slump - WSWS 12apr2008

• Mining-equipment maker Joy Global has thrived during the commodities boom. How will it fare in a slowdown? - Fortune 28mar2008

• Pending Home Sales Hit New Low in February: Latest Sign of a Still-Tumbling Housing Market - AP 8apr2008

• The Great Inflation Cover-Up: If the price of dinner is pinching us, why don't the CPI numbers acknowledge it? -  Fortune 14apr2008

• Restaurants' Triple Serving of Recession: Not only do they have to cope with a drop in business, but fuel surcharges and soaring food costs as well - CNNMoney 9apr2008

• Overdue Consumer Debts Highest Since 1992, ABA Says - Bloomberg News 3apr2008

• Statement of Fed Chairman Ben Bernanke Before the Joint Economic Committee of the United States Congress - 2apr2008

• Factory Orders Fall for Second Straight Month: Double What Expected - AP 2apr2008

• Who Will Be Next Bear? -  Minyanville 31mar2008

• American Cancer Society: The World's Wealthiest "Nonprofit" Institution - Cancer Prevention Coalition 28mar2008

• The Red Menace: The World's Markets Gambled on Financial Alchemy. They Lost. - Sunday Herald (Scotland) 27mar2008

• Growing Number of Companies Use Scanners to Track Employees - AP 26mar2008

• New Limits to Growth Revive Malthusian Fears: Spread of Prosperity Brings Supply Woes - Wall Street Journal 24mar2008

• Depression: Financial Turmoil Raises Worries of Deeper Recession - Worst Since World War II - AP 22mar2008

• Greenspan Stands His Ground: Ex-Chairman Says Fed Policies Didn't Cause Current Woes - Washington Post 21mar2008

• Starbucks Ordered to Pay California Baristas More than $100 Million in Back Tips Plus Interest - AP 21mar2008

• Fed Expands Collateral Accepted in Auction Program - Bloomberg 20mar2008

• Treasuries' Scarcity Triggers Repo Market Failures - Bloomberg 20mar2008

• IKB Seeks Fourth Bailout After Subprime Loss Widens - Bloomberg 20mar2008

• Asian Economies Hit by US Financial Crisis and Slowdown - WSWS 20mar2008

• Monsanto Loses Appeal of French Ban on Modified Corn - St. Louis Post-Dispatch 20mar2008

• Cargo Slump Bodes Ill for Supply Chain: Drop in Pacific Passage Hits Global Sea Carriers - Wall Street Journal 20mar2008

• A Dangerous Divergence: World's Central Banks are Worryingly Far Apart - The Economist 19mar2008

• World Trade Decelerates Almost to Standstill - Financial Times (UK) 19mar2008

• Making the Most of a Global Depression - Hope Dance 19mar2008

• Australian Property Trust Plunges Over Margin Call - Reuters 18mar2008

• A Lack of Trust Spells Crisis in Every Financial Language - Financial Times (UK) 18mar2008

• The Reset Button - The Great Change 18mar2008

• Lehman Rout Tests Fed's Resolve: Investors still don't know what lurks on Wall Street balance sheets - Fortune 18mar2008

• The Worst-Case Scenario - Live Commentary and Weekly Watch - Asia Times 18mar2008

• Delta Will Offer Voluntary Severance Payouts to About 30,000, More Than Half Its Workforce - AP 18mar2008

• A Gloomy Outlook, Especially in This Country - The Independent (UK) 18mar2008

• Wall Street Turmoil Ripples Across Main Street - Reuters 18mar2008

• City Shaken as Events on Wall Street Unfold - The Times (UK) 18mar2008

• America Was Conned - Who Will Pay? - The Guardian (UK) 17mar2008

• The Dollar Sinks. Economic Crisis Worsens. Is Anyone in Charge? - San Francisco Chronicle 17mar2008

• End of Wall Street As We Know It - Fortune 17mar2008

• A Stake Through the Heart: Bear's Biggest Holders May Have Little Choice But to Cut Their Losses - Wall Street Journal 17mar2008

• A Red Flag for Bank Liquidity: Investors Taking Closer Look - Business Week 17mar2008

• How Subprime Killed Bear Stearns: Bigger Issue is Experts Don't Know When it Will End - CNN Money 17mar2008

• Sorry, I Wasn’t Pessimistic Enough! - Prudent Bear 17mar2008

• Central Bank Offers Loans To Brokers, Cuts Key Rate Historic Steps - Wall Street Journal 17mar2008

• Wall Street Fears for Next Great Depression - The Independent (UK) 16mar2008

• Global Systemic Crisis: End of 2008: Pension Funds Go Off The Rails - Global Europe Anticipation Bulletin (GEAB) N°23 15mar2008

• Bear Stearns: Fears for World Economy: Links to Failure of Carlyle and Bush Family - Independent (Ireland) 15mar2008

• Bear Stearns Gets Emergency Funds From JPMorgan, Fed: The Largest Government Bailout of a U.S. Securities Firm - Bloomberg 14mar2008

• Bear Sterns Linked to Carlyle Group and from there to Bush family . . . 

  • Exposed: The Carlyle Group - documentary film uncovers the subversion of what's left of democracy in America - Tegenlicht / VPRO Netherlands TV 25jan04
    Low bandwidth  |  High bandwidth  |  Audio only

• The Fed May Run Low on Unconventional Ammo - Wall Street Journal 11mar2008

• U.S. Home Defaults and Foreclosures Rise 60% in February - Bloomberg News 13mar2008

• Mind the Gap: Home-Price Downside - Wall Street Journal 13mar2008

• Dow Retreats As Doubts Rise Over Fed's Move - Wall Street Journal 13mar2008

• $200 Billion: Fed Offers Lifeline for Spurned Debt - Wall Street Journal 12mar2008

• Derivatives the New 'Ticking Bomb': Buffett and Gross Warn: $516 Trillion Bubble is a Disaster Waiting to Happen  -  MarketWatch 10mar2008

• New York Times Trying to Prevent Public from Panicking - Life After the Oil Crash 10mar2008

• Countrywide Financial Corp. Being Investigated by FBI Begins Investigation for Securities Fraud - AP 9mar2008

• Banks Face "Systemic Margin Call" $325 Billion Hit: JPMorgan Chase & Co - Reuters 8mar2008

• Recession! - Jobs Data Suggest U.S. Is in Recession: Largest Payroll Fall In Five Years Spurs New Stimulus Talk - Wall Street Journal 8mar2008

• Massive Job Losses: Recession Fears Rise on More Job Cuts - Reuters 7mar2008

• Investors Dump Securities From Fannie, Freddie: Mortgage Sector Strongholds Falter - Washington Post 7mar2008

• What if Fannie and Freddie Can’t Prop Up Housing? - Housing Wire 7mar2008

• Next Wave of Sub-Prime Losses is About to Hit: More on Carlyle - Money Week 7mar2008

• Confidence Sinks to Lowest Point in Records Going Back to 2002: RBC Cash Index Sank 33.1 from 48.5 in February - AP & Press Release 7mar2008

• Carlyle Capital: Carlyle Capital Reports Additional Margin Calls, Considering 'All Options' - AP 7mar2008

• Carlyle Group Scorched by Mortgage Fund's Stumble - Bloomberg 7mar2008

• Jefferson County Rejects Calls on Swaps Trades: Standard & Poor's Cuts Rating to Triple-C - Wall Street Journal 7mar2008

• Twin Shocks of Finance and Resources Facing Global Economy - Financial Times (UK) 6mar2008

• High Schools Add Classes Scripted by Corporations - Wall Street Journal 6mar2008

• Euro Bond Spreads Hit Record as Panic Grips Markets - Telegraph (UK) 6mar2008

• Chinese Banks Lend $14 Billion to Farm Areas for Snowstorm Recovery in China - AP 5mar2008

• Auction Bond Failures Near 70%: No Sign of Abating - Bloomberg 5mar2008

• Troubles Emerge in alt-A Loans as Delinquencies Ratchet Up - MarketWatch 4mar2008

• Citi Falls on Worries About Cash Levels: $18 Billion Written Down With Another $18 Billion Soon to Go - AP 4mar2008

• Oil Prices Near $104 a Barrel as Dollar Falls to Historic Low Against Euro - International Herald Tribune 4mar2008

• Asset-Backed, Commercial-Mortgage Spreads Met `Ebola' - Bloomberg News 3mar2008

• HSBC $17.2 Billion Writedown  - The Times (UK) 3mar2008

• Markets Fall on Drumbeat of Grim Reports - New York Times 1mar2008

• Freddie Posts $2.45 Billion Loss for 4th Quarter - Wall Street Journal 29feb2008

• Sovereign Wealth Funds: Dubai Fund Hits Back at Criticism: Sultan Ahmed Bin Sulayem - BBC News 29feb2008

• US Wheat Trader Loses $141m in One Day's 'Unauthorized' Trading: Largest Rogue Trade Loss on Agricultural Market - Financial Times (UK) 29feb2008

• Billions of Dollars of Sales Slam Muni Bonds - Reuters 29feb2008

• Stocks Fall Sharply on Economic Worries - AP 29feb2008

• Commodity Prices Surge, As Investors Seek a Haven - Wall Street Journal 29feb2008

• Prison Population: More Than 10 Percent of US Males in Prison - New York Times + Executive Summary of Pew Report 28feb2008

• Bush, Fed Chief See No Recession Ahead - AP 28feb2008

• Economy Skids to Near Halt in Final Quarter of 2007 - AP 28feb2008

• China Puts Drug-Safety Onus on Buyers - Wall Street Journal 28feb2008

• Collapse of U.S. Economy Foreseen by International Experts - The Intelligencer (Canada) 27feb2008

• EU Wants Sovereign Wealth Fund Code of Conduct by Year End - Thomson Financial News 27feb2008

• Markets on Tear: Wheat, Oil, Euro: Grain Trading Explodes In the Minneapolis Pits; Speculators Flood In - Wall Street Journal 27feb2008

• Decline in Home Prices Accelerates: Fed's Efforts Have Only Muted Effect On Mortgage Rates - Wall Street Journal 27feb2008

• Outlook for U.S. Banks Just Got Gloomier - Financial Post (Canada) 26feb2008

• Global Shortage of Metals Looming: In 10 years, today's prices may look like a bargain - Financial Post 25feb2008

• The Collection Agency - Weekly Report 25feb2008

• Existing Home Sales Fall to Lowest Level in Nine Years: Sales and Prices Both Fall in January - AP 25jan2008

• The Next Credit Tidal Wave: Credit default swaps (CDSs) are the latest financial instruments to be hit by market turmoil. - The Independent (UK) 22feb2008

• Subprime Loans Defaulting Even Before Resets - CNNMoney.com 20feb2008

• America’s Economy Risks Mother of All Meltdowns - Financial Times (UK) 19feb2008

• Wall St. Banks Confront a String of Write-Downs - New York Times 19feb2008

• USDA Orders Nation's Largest Beef Recall: 143 million pounds of frozen beef from Chino-based Westland/Hallmark Meat Co - AP 18feb2008

• U.S. Retail Sales Show Increase Because Necessities Cost More - International Herald Tribune 17feb2008

• UK: Northern Rock to Be Nationalized - Wall Street Journal 17feb2008

• Think I'm a bear? Get a Load of This Banque AIG Global Strategist - Globe and Mail (Canada) 15feb2008

• Market Place New Trouble in Auction-Rate Securities - New York Times 15feb2008

• Best U.S. Factory Jobs in Rising Jeopardy As Productivity Abroad Rises - Christian Science Monitor 15feb2008

• Paulson's Wild Ride on the Hindenburg: "The worst has just begun" - Information Clearinghouse 15feb2008

• Sovereign Wealth Funds: Growing Foreign Government Investments May Threaten U.S. National Security - Epoch Times 14feb2008

• The Next Crisis Will Be Over Food - Financial Times (UK) 14feb2008

• Bond Insurer Bristles at Gov't Bailout - AP 14feb2008

• Mortgage Servicers Next Victim of Housing Crisis - Reuters 14feb2008

• Baxter Heparin: China Plant Played Role In Drug Tied to 4 Deaths - Wall Street Journal 14feb2008

• More Grain Production Sought Farmers, Baking Industry Urge Government Action As High Prices Take Toll - Wall Street Journal 14feb2008

• UBS Warns of a Difficult 2008 as Profits Dive: Confirms $18 Billion in Write-Downs - The Times (UK) 14feb2008

• GM Posts Record US Auto Loss for 2007, Offers Buyouts - AP 12feb2008

• Has Earth Entered a New Epoch? - Christian Science Monitor 7feb2008
  • Are We Now Living in the Anthropocene? - Zalasiewicz / GSA Today 1feb 2008

• The Road To Hyperinflation: A Failure of Central Banking - Asia Times 30jan2008

• GDP Growth Slowed in 4th Quarter: 0.6% Annual Rate is Smallest Yearly Rise Since 2002 - Wall Street Journal 30jan2008

• Home Prices Plunged a Record 8.4 Percent in November, Marking Two Years of Slowing Returns - AP 29jan2008

• GAO Faults FDA for Scrutiny Of Medical-Device Makers - Wall Street Journal 29jan2008

  • GAO Testimony: Medical Devices: Challenges for FDA in Conducting Manufacturer Inspections: Statement of Marcia Crosse, Director Health Care 29jan2008

• U.S. Shipbuilders Grapple With Shortage of Skilled, Experience Labor Amid Rise in Orders - AP 27jan2008
• Jérôme Kerviel: French Bank Rocked by Rogue Trader: Société Générale Blames $7.2 Billion in Losses On a Quiet 31-Year-Old -Wall Street Journal 25jan2008
• You Should Be Wary Of This Market Rebound - New York Post 24jan2008
• Existing Single-Family Home Sales Drop by Largest Amount in 25 Years - AP 24jan2008
• Ford Looks to Trim Up to 13,000 More Jobs: Buyouts Could Pave the Way For Lower-Paid Replacements - Wall Street Journal 24jan2008
• Corporate Default Risk Rises as Fed Rate Cut Signals Recession - Bloomberg News 22jan2008
• Black Monday: Recession Fears Spark Global Share Crash - The Guardian (UK) 22jan2008
• Fears of a Recession Spark a Global Selloff; New Pressure on the Fed - Wall Street Journal 22jan2008
• Asian, European Markets Plunge on Pessimism Over US Stimulus Plan: Too Little, Too Late, Won't Help - AP 21jan2008
• Collapse: WalMart and Waiting for the Shoe to Drop - Culture Change 20jan2008
• Overseas Investors Buy Aggressively in U.S. - New York Times 20jan2008
• Job Data Passes Threshold Where Recessions Dwell - New York Times 19jan2008
• Merrill Lynch: Springfield, Mass., Takes Aim at Merrill Over Subprime Losses - Wall Street Journal 19jan2008
• Sprint Nextel to Cut 4,000 Jobs: Wireless carrier loses 683,000 postpaid customers - MarketWatch 18jan2008
• Dow Falls 306 Points: Stocks Extend Plunge As Manufacturing Index Falls; Bond Insurers Fall Amid Fears of Losses - AP 17jan2008
• Homebuilding: Sharpest Drop in 27 years: Declines Not Seen Since Past Recessions - CNNMoney 17jan2008
• Merrill Lynch Sub-prime Losses Top $23bn - The Times (UK) 17jan2008
• Unpublished Medical Reports Have Found Many Drugs Have Little or No Effect on Patients - Wall Street Journal 16jan2008

• Chinese and U.S. Demand Drives Commodities Surge - New York Times 15jan2008

• Citigroup Loses $9.8 Billion; Will Cut Jobs and Dividends  - New York Times 15jan2008

• Supreme Court Backs Limits on Securities Fraud Suits - Reuters 15jan2008

• IndyMac to Lay Off 24 Percent of Its Work Force to Slash Costs - AP 15jan2008

• Merrill Lynch Says USA Already in Recession - Computerworld 14jan2008

• Citigroup to Cut 20,000 Jobs and Slash Dividend - Bloomberg News 14jan2008

• No Quick Fix to Economic Downturn - New York Times 13jan2008

• Pyramids Crumbling - Investment Outlook (PIMCO) 12jan2008

• Citigroup May Turn to Alwaleed, China for Cash to Offset Losses - Bloomberg 11jan2008

• Shadow Banking System Down, Credit Out - Reuters 7jan2008
• Retailers Had Weak Sales in December - AP 10jan2008
• New Blows Hit Housing Industry: KB's Loss, Worries About Countrywide Spook Ailing Sector - Wall Street Journal 9jan2008
• 2008 Housing Outlook: Longer and Deeper with Double-Digit Declines - CNNMoney.com 7jan2008

• U.S. Manufacturing Unexpectedly Contracts After 10 Monthly Gains, Lowest Since April 2003 - AP 2jan2008