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Net Defined

The gain or loss on a security sale as measured by the selling price of a security less the adjusted cost of acquisition.

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Financial crisis hits India's funds-thirsty realty sector

Published October 12, 2008, 4:06 am, Calcutta News

India's funds-parched realty industry, already reeling under dropping sales, high interest rates and drying up of private equity sources, has to grapple now with credit squeeze wrought by an unexpected quarter: the global financial tsunami.

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Equity, forex mkts channels for spreading crisis to India: RBI

Published October 12, 2008, 4:00 am, The Economic Times

The Reserve Bank has warned that the global financial crisis can spread to India through equity and forex markets, while money, debt and credit markets could be impacted indirectly due to the continuing onslaught.

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Knapp's serves up helping hand

Published October 12, 2008, 3:53 am, Rochester Eccentric

Knapp's Dairy Bar in downtown Rochester will turn over its profits from sales Monday, Oct. 13 to a Warren family that's getting by with a little help from its friends. Jennifer Dossett, a nurse at Beaumont Hospital, lost her 41-year-old husband, Kit Knibbe, in July. Knibbe vanished into a lake in Oceana County after jumping in to help his sons, who fell off a tube on the back of a boat. The ...

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McCain says he would fire SEC chairman

Published October 12, 2008, 3:49 am, The Daily American

CEDAR RAPIDS, Iowa — Republican John McCain, buffeted by criticism about his response to Wall Street’s financial problems, said Thursday he would fire the SEC chairman and create a special trust to help strengthen weak institutions.

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Obama mocks McCain"™s call to fire SEC chairman

Published October 12, 2008, 3:49 am, The Daily American

ESPANOLA, N.M. — Democratic presidential nominee Barack Obama promised fresh ideas Thursday to calm America’s financial meltdown and help struggling families avoid mortgage foreclosure, saying “this is not a time for fear, it’s not a time for panic.”

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Obama, McCain, cautiously watch financial debate

Published October 12, 2008, 3:49 am, The Daily American

WASHINGTON — Presidential rivals Barack Obama and John McCain warily addressed the nation’s financial crisis and a proposed $700 billion response Tuesday, demanding changes in the Bush administration’s plan without specifying exactly what would trigger their outright opposition.

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Lawmakers, White House agree on $700B bailout

Published October 12, 2008, 3:48 am, The Daily American

WASHINGTON — Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration.

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Credit crisis most affecting businesses in region

Published October 12, 2008, 3:47 am, The Shawano Leader

The economic earthquake on Wall Street over the past week has not set off the kind of financial tsunami that swamped the country in 1929, but even the Shawano area is being somewhat rocked by the waves.

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Stocks end relatively calm day with modest loss

Published October 12, 2008, 3:47 am, The Daily American

NEW YORK — The financial markets saw some relative calm Wednesday as investors uneasily awaited a Senate vote on the banking bailout plan, with Wall Street falling only moderately and the credit markets still showing signs of strain.

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Stocks tumble as Street worries about financials

Published October 12, 2008, 3:47 am, The Daily American

NEW YORK — The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.

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Are you looking for additional Finance > Net news? Try our new "Net News Focus" area.

Off-site Net Links, User Submitted

The following links have been collected through user bookmark submission in the Net category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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