In the past week alone, a handful of liberal, moderate and independent-leaning Republican officials have publicly announced they are supporting Barack Obama. Ted Stevens was convicted today on seven counts of failing to report more than $250,000 in improper gifts, but he says he is not guilty. WASHINGTON (AP) ? Law enforcement agents have broken up a plot by two neo-Nazi skinheads to assassinate Democratic presidential candidate Barack Obama and shoot or decapitate 88 black people, the Bureau of Alcohol, Tobacco Firearms and Explosives said Monday. The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin America, Africa, and parts of Asia A total of 15 American banks have asked the U.S. Government for cash injections totalling almost $63 billion (£40 billion) as part of the $250 billion rescue package announced last month. Provident Bankshares Corp. swung to a loss for the third quarter and said it had received preliminary approval to participate in the U.S. Treasury Department’s program to buy stock in banks. WASHINGTON (Reuters) – The finance arms of ailing U.S. automakers such as General Motors Corp and Chrysler could apply for help from the $700 billion financial rescue package, the White House said on Monday. Automakers have seen sales plunge as the… Oct. 27 (Bloomberg) — Manulife Financial Corp. and Sun Life Financial Inc. may need to raise capital to bolster their balance sheets after global equities plunged, according to RBC Capital Markets analyst Andre-Philippe Hardy. Those 86 matches will stand among the great monuments of the English game Slowly but surely, iPhone versions of popular Web applications are coming in; I don’t doubt that in a year’s time you’ll be hard pressed to find one that doesn’t have its iPhone counterpart. By Jonathan Stempel NEW YORK (Reuters) – State Street Corp (STT.N: Quote, Profile, Research, Stock Buzz) and SunTrust Banks Inc (STI.N: Quote, Profile, Research, Stock Buzz) are among the latest banks to join the Treasury Department’s $250 billion… The economist who warned years ago of pending turmoil in global credit markets said Monday that deflation is set to rear its ugly head in North America next year. Oct. 27 (Bloomberg) — Deutsche Postbank AG, Germany’s biggest consumer bank by clients, reported a third-quarter loss related to the collapse of Lehman Brothers Holdings Inc. and writedowns from the financial crisis. Oct. 27 (Bloomberg) — Persimmon Plc, the U.K.’s biggest homebuilder by market value, said second-half prices will fall twice as fast as predicted earlier and the value of its land will be cut by 600 million pounds ($938.9 million). Oct. 27 (Bloomberg) — Kaupthing Bank hf today became the first European borrower to default in Japan’s samurai bond market after the state-controlled bank missed its last chance to make a 450 million yen ($4.8 million) coupon payment. Oct. 27 (Bloomberg) — CLSA Asia-Pacific Markets, the regional brokerage unit of Credit Agricole SA, asked 500 senior bankers and executives to accept pay cuts of as much as 25 percent next year to avoid getting rid of jobs. The Belgian banking and insurance group accepted a €3.5bn capital injection from the state, becoming the last major lender to turn to the government after a sharp fall in its share price The global financial crisis hit previously secure Sweden in dramatic fashion on Monday when two of the country’s top banks moved to bolster their defences against market turbulence. Public pension funds in U.S. states are facing their worst year of losses in history, exacerbating existing funding shortfalls and putting pressure on state governments to shore them up. Peter D. Schiff, an extreme bear nicknamed “Dr. Doom,” correctly foresaw the U.S. stock-market slide, the home mortgage meltdown and the credit crunch. In an interview with the Financial Post, the advisor says he expects more downside, and possibly the first Depression since the Dirty Thirties. sees plenty of doom and gloom ahead.
downs – Bloomberg
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