Wikinvest Wire

Friday morning links

Friday, May 15, 2009

GM dealers expect word on plans to cut 1,100 shop - AP
German, Italian economies contract at record rate - Telegraph
The banking industry: Three trillion dollars later... - Economist
Six Insurers Named to Get U.S. Taxpayer Aid - NY Times
Xanax Nation Beats a Panicked Nation Any Day - Bloomberg
Nike slashes 5 percent of global jobs in largest cut - Reuters
Chrysler Pulls Out of Hundreds of Franchises - Wash. Post
California governor sees $15.4 billion gap - Reuters

Oil falls below $58 on dollar, weak demand - Reuters
Are Gold ETFs set for a spike very soon? - Commodity Online
Authorities probe insider trading at SEC - Reuters
Stocks still face deflationary collapse: Prechter - Reuters
Hedge funds: Gluttons for punishment? - Economist
DMCC vault may store region's gold reserves - Business 24/7

Consumer prices flat in April, matches estimates - AP
NY Factory Index Reaches Highest Level Since August - Bloomberg
Trade Wars Launched With Ruses, End Runs - Wash. Post
Economics focus: Damage assessment - Economist
Jump in Food Costs Drives Up Prices - NY Times

Eurozone economy suffers dramatic plunge - Guardian
China’s Stock Bubble Passes Stiglitz Acid Test - Bloomberg
Asian economies: Crouching tigers, stirring dragons - Economist
Japan’s Machinery Orders Fall as Factories Sit Idle - Bloomberg
Spain’s Leader Offers New Measures to Boost Economy - NY Times
Chinese Stimulus, Lending May Drive Rebound - Bloomberg
GM: Almost as Canadian as American - Globe & Mail
Birth pains: A new global system - Economist

Gov't losses big in home market - USA Today
Will the 'shadow inventory' stunt a housing recovery? - LA Times
Most U.S. homeowners think a bottom has been reached: Zillow - Reuters
Uncork that champagne – housing market hitting bottom! -

Buy-out chief accuses US over 'sham' bank bail-outs - Telegraph
Regulators Clash Over Holding Bank Management to Account - Bloomberg
Fed’s Balance Sheet Increases 5.6% on Asset Purchases - Bloomberg
U.S. financial reform to be unveiled despite clashes - Reuters

My Personal Credit Crisis - NY Times
Free Lipitor, Viagra, 70 other drugs for jobless - AP
Angry Ads Seek to Channel Consumer Outrage - NY Times
Meltdown 101: What if my car dealer shuts down? - AP


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