New Money


October 2008


The Beige Book's Grim News

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The latest Beige Book is out, and it's quite a gloomy read. (The book, published by the Federal Reserve eight times a year, is a roundup of "anecdotal information on current economic conditions" by each Federal Reserve regional bank, as well as "interviews with key business contacts, economists,

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TAGS:
Federal Reserve
economy

At Least 10 Fund Companies Sign Up for Money Market Guarantee

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So far, more than 10 mutual fund companies are signed up for the Treasury's $50 billion guarantee program for money market funds, including BlackRock, Charles Schwab, Dreyfus, Evergreen, Federated, First American, Invesco AIM, JPMorgan Chase, Morgan Stanley, Putnam, TCW, and Legg Mason's Western ...

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TAGS:
mutual funds
Morgan Stanley
JPMorgan Chase
Charles Schwab
Treasury Department
money market funds
Wall Street

Google's Out-of-This-World Stock Drop a Fluke

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An odd thing happened before the stock market close yesterday. Google's stock was mostly flat all day, until 3:57 p.m., when it dropped severely. The shares, which opened Tuesday at $419.51, rose to a high of $423.51, then mysteriously plunged roughly 10 percent to $341.43 just minutes before the ...

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TAGS:
Google
stocks

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