NEW YORK, Dec. 3, 2008 (Reuters) — Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally. ... > full story
CHICAGO/WASHINGTON, Dec. 3, 2008 (Reuters) — Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. ... > full story
SAN FRANCISCO, Dec. 3, 2008 (Reuters) — Financial services company Citigroup Inc said on Wednesday it had teamed its customer loyalty program with global online retailer Amazon.com Inc in what an executive said was the largest-ever rewards program. ... > full story
SAN FRANCISCO, Dec. 3, 2008 (Reuters) — Online retail spending rose 15 percent on the all-important Monday after Thanksgiving from a year earlier, sounding a positive note in an otherwise bleak holiday season. ... > full story
WASHINGTON, Dec. 3, 2008 (Reuters) — Economic activity has weakened across the United States since early October, while price pressures have eased with declines in retail and energy prices, the Federal Reserve said on Wednesday. ... > full story
DETROIT, Dec. 3, 2008 (Reuters) — United Auto Workers President Ron Gettelfinger said on Wednesday the union would surrender job security protections and delay payments into a retiree healthcare trust to help U.S. automakers clinch government aid to survive a sales downturn. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — An investor lawsuit contends that Citigroup Inc insiders, including senior counselor and former U.S. Treasury Secretary Robert Rubin, sold more than $150 million of their own shares at inflated prices while concealing the bank's true financial health. ... > full story
WASHINGTON, Dec. 3, 2008 (Reuters) — The chief executive of American Express Co said on Wednesday that the current financial downturn is strongly affecting the spending of people in high income levels, a departure from prior economic slowdowns. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Lehman Brothers Holdings Inc has received three bids for its investment management unit, including Neuberger Berman, Shai Waisman, a bankruptcy lawyer for the company, said on Wednesday. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday. ... > full story
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Freddie Considers Reverse Split Dec. 3, 2008 (Wall Street Journal) — Government mortgage giant Freddie Mac said it may undertake a reverse stock split, subject to the approval of the U.S. Treasury Department, to ...
Credit-Card Industry May Cut $2-Trillion in Credit Card Lines Dec. 1, 2008 (NBC 4 San Antonio (WOAI)) — Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to ...
DJ's to keep Amex card Nov. 28, 2008 (SkyNews, New Zealand) — David Jones shareholders don't like the retailer's new American Express credit card but the retailer says it will buffer the store against an ...
Katz vs. AmEx Nov. 24, 2008 (NY Daily News) — Councilwoman Melinda Katz today announced she would cut up her American Express card in what was intended to be a symbolic protest of credit card ...
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