Credit worries ease as Fed cuts, hints at more relief: stocks jump 3.5% in rally reflecting cautious optimism
Article Abstract:
In a move meant to reactivate a lagging capital market, the U.S. Federal Reserve Board cut interest rates three quarters of a point to 2.25%. Despite expectations of greater government incentives, the Dow Jones Industrial Average rose 3.5% to close at 420.41 points.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Enron spotlights a gap in laws
Article Abstract:
Enron's collapse reveals that the company lobbied congress to loosen the restrictions on the use of derivatives. The company had based much of its future expansion on the financial instruments.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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Fed expected to cut rates even as sentiment improves
Article Abstract:
The United States Federal Reserve is expected to cut interest rates again despite a generally positive attitude toward the economy.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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