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economy

U.S. Markets Down Sharply Despite Emergency Rate Cut

Despite the fact that the Fed cut the federal funds rate on overnight loans between banks to 3.5 percent from 4.25 percent in an attempt to prevent a sell-off in U.S. markets, the Dow Jones Industrial average opened down by more than 460 points. More »

11:08 AM on Tue Jan 22 2008
By Meg Marco
1,679 views, 28 comments

Latest by WillScarlett: @canerican: You are correct that the Fed has terms of 7 and 14 years. However, you are incorrect that a new more »

investing

Comcast Announces It Expects To Lose Customers In 2008

Yesterday Comcast lowered its growth expectations for 2008—not by much but down from 12% to 11% for the year. This morning at a media conference, Comcast's CFO Michael Angelakis cited a "challenging economic and competitive environment," with companies like Verizon and AT&T poaching its video customers to their new services. Oh, and also because nobody wants to be a Comcast customer unless it's the only game in town. More »

10:53 AM on Wed Dec 5 2007
By Chris Walters
1,735 views, 35 comments

Latest by Chris Walters: @notallcompaniesarebad: You're right, I misrepresented what the stock did this morning, and I regret it. My apologies! I will try more »