Business and Finance world…

GDP Revised Downward

September 29th, 2008 piotr zukowski

U.S. GDP was revised down to 2.8% annualized growth in the second quarter from 3.3% as spending weakened.

WaMu seized; assets sold

September 29th, 2008 piotr zukowski

JPMorgan Chase steps in to buy $1.9 billion in assets from the government. WaMu’s collapse is the worst bank failure in US history, and the thrift is the 13th financial institution to fall this year.

McDonald’s and 9 other hot stocks

September 29th, 2008 piotr zukowski

The nation’s No. 1 fast-food chain appears on an MSN Money list of stocks with momentum. Here are StockScouter’s top picks.

$700 billion or Armageddon? Sounds like sci-fi

September 29th, 2008 piotr zukowski

The more I hear about Henry Paulson’s plan, the less convinced I am it’s worth $2,000 from every American. The predictions of financial Armageddon without it don’t ring true.

Trust them? We don’t have a choice

September 29th, 2008 piotr zukowski

Paulson and Bernanke want Congress and the American people to write them a big check – despite the financial leaders’ sketchy track records. Unfortunately, the cost of not acting is far larger.

US: 0.8292 USD = 1 AUD 2008-09-26 NYFed noon buying

September 29th, 2008 piotr zukowski

1 Australian Dollar buys 0.8292 United States Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org.

US: 1.8540 BRL = 1 USD 2008-09-26 NYFed noon buying

September 29th, 2008 piotr zukowski

1 United States Dollar buys 1.8540 Brazilian Reais - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org.

US: 1.0352 CAD = 1 USD 2008-09-26 NYFed noon buying

September 29th, 2008 piotr zukowski

1 United States Dollar buys 1.0352 Canadian Dollars - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org.

US: 6.8431 CNY = 1 USD 2008-09-26 NYFed noon buying

September 29th, 2008 piotr zukowski

1 United States Dollar buys 6.8431 Chinese Yuan - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org.

US: 5.1111 DKK = 1 USD 2008-09-26 NYFed noon buying

September 29th, 2008 piotr zukowski

1 United States Dollar buys 5.1111 Danish Kroner - The New York Fed is strongly considering discontinuing the publication of foreign exchange rates at the end of 2008, given the availability of alternative market-based sources for these rates. A final decision will be announced in September 2007. If you have further questions, please email fxrates@ny.frb.org.