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Monday, October 6, 2008
Wall Street tumbles amid global sell-off
Wall Street is plunging, with the Dow Jones industrials down more than 500 points amid growing fears that the credit crisis is spreading around the world.Europe governments strive to avoid bank meltdown
Germany considers national financial "shield"
Credit still tight as Europe scrambles, Fed boosts
Follow today's markets...(more)
Congress hears Lehman sought millions for execs
Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday....(more)
Citigroup sues Wachovia, Wells Fargo for $60B
Citigroup Inc. files a complaint against Wachovia and Wells Fargo seeking more than $60 billion in damages for interfering with its planned takeover of Wachovia....(more)
Ask the Experts: Is an equity index annuity a good idea?
This week investment adviser Bruce Kajiwara answers readers' questions on investments and annuities.
See more of his advice – and that of our other local financial experts on taxes, finances, banking and wills/estates – at "Ask the Experts"...(more)
COO takes the call - for U.S. military duty
Dan Streetman, of the Sacramento financial planning firm Hanson McClain Advisors, will likely be serving with the Army in Iraq or Afghanistan....(more)
Paulson picks interim head for rescue effort
The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions....(more)
EBay to cut 1,600 jobs, 10 percent of work force
EBay Inc., which still reaps big profits but has been struggling to attract new users, said Monday it will cut its work force by 10 percent - about 1,600 jobs - in an attempt to streamline its business....(more)
On the Move: Suderman named director of Yolo Department of Alcohol, Drug and Mental Health
Kim Suderman has been appointed director of the Department of Alcohol, Drug and Mental Health for Yolo County. She was previously the deputy director of San Joaquin County's Behavioral Health Department....(more)
Business Calendar
Monday...(more)
Sunday, October 5, 2008
Saturday, October 4, 2008
Friday, October 3, 2008
Thursday, October 2, 2008
Continue to more stories on next page
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Wayne Davis - Business Editor - (916) 321-1042
E-mail: wdavis@sacbee.com
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E-mail: cbuck@sacbee.com
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E-mail: swilliams@sacbee.com
News tips: Call us at (916) 321-1020 or e-mail us at newstips@sacbee.com
-------------------------
Wayne Davis - Business Editor - (916) 321-1042
E-mail: wdavis@sacbee.com
Claudia Buck - Assistant Business Editor - (916) 321-1968
E-mail: cbuck@sacbee.com
Sarah Williams - Assistant Business Editor - (916) 321-1087
E-mail: swilliams@sacbee.com
News tips: Call us at (916) 321-1020 or e-mail us at newstips@sacbee.com
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