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Ebay to Spin off Skype in IPO

Ebay to offer Skype IPO after talks with founders flounder.

Fed: Not Whether to Buy, but How Much

Fed meeting minutes of March 17-18 show concern over deflation, no concept of inflation pressure on horizon.

Congressional Oversight Panel: Liquidation, Receivership, or “Subsidization” of Troubled Banks

Congressional Oversight Panel created by TARP says banking system may be insolvent, and nationalization may be the most effective way out.

WSJ: Tarp Extended to Life Insurers

TARP money to go to insurers, according to Wall Street Journal.

George Soros: Recovery Likely in 2010

George Soros discusses global recession, recovery in 2010, in a video on Reuters.

Alcoa’s Loss Greater than Expected

Alcoa kicks off earnings season with a $497 million loss, worse than analysts expected.

Tearing up the Credit Cards: Fed Release

The Fed's Consumer Credit Release (G-19) shows that consumers are reducing their credit burden at the fastest pace in 30 years.

Week Ends On Downtrend

The worst was saved for foreign stocks, with Asia and European indices off 5-10%.

Blastoff: Dow Recovers over 10%

In the third-best day in the Dow's history, worldwide markets gained over 10% across the board.

Rollercoaster Ending to Down Week

After a dramatic, 600+ point drop, the Dow found positive territory, only to end down 128, at 8,451. All told, this was the worst week in the history of the Dow, down 18.2%. S&P 500 also ended down 18.2% on the week.


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