Latest News in Credit History and Jobs - Oct 3, 2008

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Treasuries Fall for First Time in Three Days After Jobs Report - Bloomberg

3 Oct 2008 at 6:43am
Oct. 3 (Bloomberg) — Treasuries fell for the first time in three days as traders said September’s decline in U.S. payrolls wasn’t as large as some of the more dire estimates. Two-year notes are still headed for a sixth week of gains on speculation a …

UBS to Cut 2,000 More Investment Banking Jobs - CNBC

3 Oct 2008 at 6:14am
UBS said on Friday it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely. The news on Friday comes just a day …

US jobs numbers much worse than expected - Guardian Unlimited

3 Oct 2008 at 6:29am
Confirmation that the latest bout of financial turbulence is affecting ordinary Americans came today as employment figures suffered their biggest fall since March 2003. So-called “non-farm payrolls” tumbled by a much-worse than expected 159,000 last …

UBS axes 2,000 jobs - Globe and Mail

3 Oct 2008 at 5:31am
ZURICH ? ? UBS AG said on Friday it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely. The news on Friday …

UBS pares investment banking, to cut 2,000 jobs - Boston Globe

3 Oct 2008 at 4:20am
ZURICH (Reuters) - UBS AG said on Friday it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely. The …

September job losses steepest in 5-1/2 years - Washington Post

3 Oct 2008 at 8:37am
WASHINGTON (Reuters) - U.S. employers cut 159,000 jobs last month, a ninth straight monthly reduction and the deepest in 5-1/2 years, the government said in a report on Friday that suggested the economy may be in recession. The unemployment rate held …

September Payrolls Plunge; Jobless Rate Still at 6.1% - CNBC

3 Oct 2008 at 7:19am
U.S. employers cut payrolls at the steepest rate in 5-1/2 years in September, slashing an unexpectedly large 159,000 jobs as employment contracted for a ninth straight month, suggesting the economy may be in recession. The unemployment rate was …

U.S. September job losses steepest in 5-1/2 years - Forbes

3 Oct 2008 at 6:14am
WASHINGTON (Reuters) - U.S. employers cut payrolls at the steepest rate in 5-1/2 years in September, slashing an unexpectedly large 159,000 jobs as employment contracted for a ninth straight month, suggesting the economy may be in recession. The …

GLOBAL MARKETS-Stocks rally on Wells-Wachovia deal, dollar gains - Reuters

3 Oct 2008 at 7:26am
NEW YORK, Oct 3 (Reuters) - U.S. stock markets rose on Friday after a $15.1 billion merger deal between Wells Fargo & Co (WFC.N: Quote , Profile , Research , Stock Buzz ) and beleaguered Wachovia Corp (WB.N: Quote , Profile , Research , Stock Buzz …

Bailout Bill Could Aid Profits At Research-Heavy Firms - CNN Money

3 Oct 2008 at 8:30am
The proposed financial bailout legislation could serve as a tonic to profits this year for the drug and medical device industries. Among the “extras” in the rescue bill passed this week by the U.S. Senate - and set for a vote Friday in the House - is …

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October 03 2008 08:05 am | Credit Reports

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