Market summary
Nov 21 - Markets closed
| Dow
| 8,046.42
| +494.13 (6.54%)
|
| S&P 500
| 800.03
| +47.59 (6.32%)
|
| Nasdaq
| 1,384.35
| +68.23 (5.18%)
|
| 10y bond
| 3.19%
| +0.03 (0.95%)
|
Geithner Is Said to Be Obama’s Pick for US Treasury Secretary
Bloomberg - 1 hour ago
By Rich Miller Nov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said.
Downey, Crippled by Mortgages, Seized and Sold to US Bancorp
Bloomberg - 1 hour ago
By Ari Levy and Finbarr Flynn Nov. 21 (Bloomberg) -- Downey Financial Corp., the California thrift crippled by bad mortgages, and smaller PFF Bank & Trust were closed by regulators today and taken over by US Bancorp at a potential cost to taxpayers of ...
GM cuts output, jets as US demands turnaround plans
Reuters - 6 hours ago
By David Bailey and John Crawley DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give up two of its ...
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