Jack Healy

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Shares Near 6-Year Low, With More Losses Feared [Jack Healy, New York Times - 11/19/08]

November 20, 2008 2:23 AM - Sign in to comment - Link

... [Tags: jack healy, losses, new york times]

Dow 7,000? Dow 6,000? Yields on Treasury bills, meantime, fell to nearly zero. Investors were willing to accept almost no return just to know their money was safe. - Mitchell Tsai

Another source of concern is a possible new round of forced sales by hedge funds, seeking to raise the cash quickly to meet margin calls and redemptions of assets by investors. - Mitchell Tsai

Financial shares are plunging far below the levels plumbed in October, when panic gripped the markets. On Wednesday, Citigroup, the hobbled financial giant, plunged 23.4 percent to a mere $6.40 in an avalanche of sell orders. Once the most valuable financial company in America, Citigroup is now worth less than U.S. Bancorp. - Mitchell Tsai

Goldman Sachs, the former employer of Henry M. Paulson Jr., the Treasury secretary, sank to its lowest level since it went public in 1999. Analysts predicted that Goldman, the most profitable bank in Wall Street history, would suffer its first loss as a public company. - Mitchell Tsai

Even Warren E. Buffett’s Berkshire Hathaway, which owns the Geico Corporation and recently invested in Goldman Sachs, fell 12 percent, its steepest decline in more than two decades. - Mitchell Tsai

The Dow Jones industrial average closed down 427.47 points or 5.07 percent, at 7,997.28. The broader Standard & Poor’s 500-stock index closed down 6.12 percent or 52.54 points at 806.58 while the technology-heavy Nasdaq ended down 6.53 percent at 1,386.42. - Mitchell Tsai

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October 14, 2008 6:21 AM - Sign in to comment - Link

Following the Markets — Another day, another roller-coaster ride on Wall Street. Following Monday's massive rally, The Lede will keep tracking financial markets on Wall Street and across the globe, posting relevant and interesting developments as they occur. Jack Healy, Mark Getzfred, Patrick J. Lyons and Sharon Otterman will contribute, and more business and market coverage is available throughout [...]... [Tags: financial markets, globe, j lyons, jack healy, lede]

Conversations tagged with 'jack healy'

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