Current Events — HabitableZone

Current Events » in reply to Wachovia loss $8.9 Billion, cuts jobs, Mortgage Unit

The business headlines are grim, and the stock market is up.

Other top stories

FDIC chair says more banks in danger of failing

WaMu reports $3.3 billion second-quarter loss

Yahoo profit falls 19 percent in second quarter

Paulson: Support for mortgage giants needed

Fannie, Freddie bailout could cost $25 billion

Wachovia reports $8.86 billion quarterly loss

United parent to cut work force after big loss

Caterpillar's 2Q profit jumps 34 percent

UPS 2Q earnings fall 21 percent

Oil prices tumble to settle at $127 a barrel

Big Oil spends on search, splurges on investors

Economists pessimistic on second-half rally

True, oil is down and Caterpillar's profit is up 21%. But from what?

Arf

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