Wikinvest Wire

Tuesday morning links

Tuesday, July 08, 2008

TOP STORIES
Fed to Clamp Down on Exotic and Subprime Loans - NY Times
UK hits bear market as stocks dip - BBC
Loan Pains Turned Site Into a Hit - NY Times
Siemens to cut 16,750 jobs amid economic downturn - Reuters
Freddie Mac, Fannie Mae Plunge on Capital Concerns - Bloomberg

MARKETS
Oil swings down $6 over 2 days - AP
Gold Falls in London Trading as Crude Oil Drops; Silver Slides - Bloomberg
Corn, Soybeans Extend Losses After Leading Commodities Sell-Off - Bloomberg

ECONOMY
Pending U.S. Home Resales Decline More Than Forecast - Bloomberg
Oil Lifts Consumer-Product Prices, Too - BusinessWeek
As food costs soar, it's back to basics for meal planners - USA Today

HOUSING
IndyMac to exit most home lending, slash 3,800 jobs - LA Times
Upset homeowner shoots real estate agent in Mich. - BusinessWeek
Home Prices Fall in 23 of 25 U.S. Metropolitan Areas - Bloomberg

FED/TREASURY
Fed's Loans to Wall Street May Prevent Raising Rates - Bloomberg
Bernanke says Fed may extend Wall Street lending - Reuters
Bank losses from credit crisis may run to $1,600bn, warns Bridgewater - Telegraph UK
Yellen Says Fed Should Avert a Rise in Wages, Prices - Bloomberg

INTERNATIONAL
Companies plan to raise prices for consumers - Globe & Mail
G8 sees downside economy risks, prods China on yuan - Reuters
Mortgage Fears Send Global Shares Down - NY Times

INTERESTING
China's athletes feel push for gold in Beijing Games - LA Times
ATM breaches more likely at stores than banks - CNN/Money

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