Recession recognized on street
The reigning experts have not yet officially pronounced a recession, but people on the street are already living with one. Take Leonard Bratton, for instance. A furniture installer who lives...
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Losses may cause UAL to ‘perish,’ CEO warns
Unless United Airlines can stanch its losses, the Chicago-based carrier "will perish" sometime next year, Chairman and Chief Executive James E. Goodwin has warned United employees. The UAL Corp. unit...
Chicago link emerges as U.S. freezes more assets
The government on Friday expanded its efforts to disrupt Osama bin Laden's financial network, freezing the assets of dozens of his supporters including a Saudi businessman who allegedly financed a...
Scores of accounts frozen
Hundreds, if not thousands, of bank accounts around the country have been frozen, government sources said Thursday, as investigators try to follow the money trail leading to the terrorists responsible...
Anguish for options traders
It's always disappointing to lose money when you work in the markets. But it is especially galling when you believe you were on the opposite side of trades initiated by...
Holiday forecasts get even dimmer
The crucial holiday selling season, already expected to be weak before the Sept. 11 terrorist attack, is now likely to be the worst in a decade, retail forecasters say. Market-research...
Anguish for options traders
It's always disappointing to lose money when you work in the markets. But it is especially galling when you believe you were on the opposite side of trades initiated by...
Tracking trades overseas difficult
On the Thursday after the terrorist attack, Chicago Board Options Exchange market maker Jon Najarian noticed that trading in options contracts on American and United Airlines stock had been remarkably...
U.S. tries to track options, assets
The investigations into Osama bin Laden's finances and of suspicious stock trading in the days before the World Trade Center attack could yield much useful information, Middle East analysts say,...
Terrorist trade probe widens
Securities regulators around the world are investigating whether the terrorists involved in last week's attack profited in financial markets, possibly by buying options on the stock of United Airlines, Boeing,...