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  • U.K. injects up to $63 billion into big banks
  • The scale of the cash required by each will depend on estimates of more losses from their exposure to subprime mortgages and other financial instruments, the source said. Capital is the cushion a bank keeps to protect its depositors against losses ...
  • European nations to guarantee bank debt
  • German Chancellor Angela Merkel said financial instruments agreed upon by euro zone countries will make the crisis “a bit more manageable.” “It will allow markets to start functioning again, that was our aim. It is a strong message to the markets
  • Band Director Makes Sexual Harassment Claims
  • ... director, Tom Slabaugh, was on the job for just one year before going on leave for stress and filing a sexual harassment claim against the entire 200-member band. Videos posted on the Internet show some band members skiing with their instruments ...
  • Wall Street rebounds, pares massive losses
  • The auction is for credit default swaps, which are contracts used to insure against the default of financial instruments like bonds and corporate debt. They are traded in an approximately $60 trillion market that is unregulated. Many of these ...
  • Satellites collect data on sea temperatures
  • ... its Coral Reef Watch network has been expanded from 24 to 190 locations, including sites in the Florida Keys, the Caribbean, Gulf of Mexico, the Indian and Pacific oceans, Indonesia, Australia and Hawaii. The agency uses onsite water instruments to ...
 
    
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