DAS Sobel Remarks on the Global Financial Crisis and the IMF?s Response
Thank you for this opportunity to speak about the global financial crisis and the IMF's response.

Financial Winners & Losers: Wachovia
Goldman Sachs is the only major financial stock that didn't rise Tuesday.

Financial crisis boosts insolvency jobs
The ill wind of the global financial crisis may be sending many firms to the wall and tossing people into bankruptcy, but it's creating jobs elsewhere.

Canada Stocks Fall, Led By Financial Shares; Manulife Retreats
Dec. 2 (Bloomberg) -- Canadian stocks dropped, adding to the worst sell-off in 21 years, on speculation the economic slowdown will crimp earnings at technology and financial firms.

Financial Stocks: Financials claw back some losses, Citi, banks rise
Shares of U.S. financial stocks rebound modestly from the group?s biggest-ever single-session percentage drop in the previous session as two of the nation's largest banks beef up their balance sheets wtih government-backed bond issues.

Chief financial officer in Edison to leave post
The township's chief financial officer and finance director, David Hollberg, who joined the administration in March, has announced his resignation.

Fidelity National Information Services, Microsoft Make Available MSN Money Financial News on Client Web Sites
Client financial institutions using FIS' Web-hosting services will be able to subscribe to four MSN Money authors.

FDIC Chairman Sheila Bair says government's financial rescue plan needs 'exit strategy'
WASHINGTON - The head of the FDIC said Tuesday the government needs to devise an "exit strategy" for its massive financial rescue plan to avoid artificially propping up banks and other institutions over the long term.

UN conference urges for additional support for developing world to combat financial crisis
The four-day UN conference on financing economic development wrapped up here Tuesday with a call for additional support for developing countries to combat global financial crisis. The meeting made the call with the adoption of the Global Outlook Report reviewing the implementation of the Monterrey Consensus adopted by UN members at the International Conference on Financing for Development in ...

Obama vows to work with governors to tackle financial crisis
U.S. President-elect Barack Obama vowed on Tuesday that he would work with governors from both parties to tackle the current financial crisis. "To solve this crisis and to ease the burden on our states, we need action, and action now," Obama spoke to a bipartisan group of governors in Philadelphia. "As president, I will not simply ask our nation's governors to help implement our economic ...

Top-level meeting to discuss new financial order
DOHA: Participants in the UN-sponsored conference held here in the backdrop of global financial turbulence yesterday reached a consensus on holding a meeting at the highest level to discuss a new global financial architecture, despite stiff opposition from some quarters.

InterDigital Announces Financial Guidance for Fourth Quarter 2008
InterDigital, Inc. (NASDAQ:IDCC) today announced financial guidance for fourth quarter 2008. InterDigital ® expects fourth quarter ...

(AFX UK Focus) 2008-12-03 03:06 China wealth fund lacks stomach for financial buys
HONG KONG, Dec 3 (Reuters) - China Investment Corp, the sovereign wealth fund that has incurred steep paper losses on its stakes in U.S. financial firms, said on Wednesday that it is "not brave enough" to invest in foreign financial firms and lacks confidence in the shifting U.S. financial regulatory situation. "It's changing every week. How can I be confident?," Lou Jiwei, head of CIC, said ...

Two Russian Soccer Teams Forced to Unite by Financial Turmoil
Dec. 2 (Bloomberg) -- Two teams in Russian soccer?s Premier League plan to unite to stay afloat as the country is buffeted by the worst financial crisis since the 1998 default.

Financial Times offers buyouts, freezes salaries
The Financial Times is offering buyouts and freezing salaries as its advertisers and customers deal with the financial crisis, according to a memo from the daily business newspaper's chief executive.

TSX loses 2% on weak financial stocks
Canadian stocks retreated for the second day in a row as investors ran from the financial sector on weak profit reports from Manulife Financial Corp. and Bank of Nova Scotia.

Administrator: Obama's financial aid plans not likely to affect campus
Although the amount of financial aid students receive probably won't change under the Obama administration, the application process they go through might, the director of scholarships and financial aid said. Mike Scott, director of scholarships and financial aid, said he's for President-elect Barack Obama's plans to eliminate the FAFSA and replace it with a checkbox on families' tax forms, ...

GAO finds 'critical issues' in US Treasury's financial bailout
The US Treasury's new 700 billion dollar financial rescue program has serious accountability and transparency problems, a congressional watchdog said Tuesday.

GAO finds 'critical issues' in US Treasury's financial bailout
The US Treasury Department building in Washington, DC. The US Treasury's new 700 billion dollar financial rescue program has serious accountability and transparency problems, a congressional watchdog said Tuesday.

Financial Workers Ponder Career Change as Job Cuts Mount: Video
Dec. 1 (Bloomberg) -- Bloomberg's Abhik Sen reports on the impact of the credit crisis on jobs in the financial-services industry. Banks and securities firms have cut nearly 170,000 jobs in 2008. Job losses in the industry are likely to double by the end of next year, according to some forecasts.