- Mortgage Applications Up as Rates Continue to Decrease
- Tiger Woods Admits 'Transgressions'; Issues Apology
- Wal-Mart Targets Video Games with Latest Price Cuts
- 'Black Swan' Shuns Public Life Because of Bernanke
- Dubai World To Meet with Creditors Next Week
- FHA to Toughen Mortgage Rules in Lenders Crackdown
- Obama to Send More Troops; Seeks Afghanistan Exit
- Blog: Will Whitacre Bring Better Results to GM?
- Geeks Replacing Swashbucklers on Wall Street
- S&P Stocks Trading at New 52-Week Highs
- Whitacre Will Change GM, But Will He Bring Better Results?
- Chipmaker Sees Options Upside After a Strong Sector Report
- Treasury Assistance Comes at High Price For GM
- Unemployment to Peak at 10.5%: Moody's Economist
- 8 Stocks to Gain on Obama's Afghan Plan: Analysts
- BofA On Proposed Changes In The Housing Bailout Program
- The Future of The Media Landscape
- November Auto Sales Muddle Along
MOST SHARED
- Cisco Has 84% of Tandberg, Won't Extend Bid
- UK Economy Turned, Inflation to Spike: BoE Economist
- Kohlberg Kravis Bidding for Morgan Stanley's CICC Stake
- Case Closed but Woods Scrutiny Continues
- Australia Regulator Opposes Caltex-Exxon Deal
- S&P Stocks Trading at New 52-Week Highs
- Mortgage Applications Up as Rates Continue to Decrease
- Somali Sea Gangs Create Pirate Stock Exchange
Text Size 
A day of the waiting and warnings.
The sovereign fund Korea Development Bank confirms it in talks with Lehman Brothers [LEHMQ
Loading...
()
] for a possible investment in the troubled US financial firm.
 |
Trouble is also in the air for mortgage lenders: Fitch Ratings cut its ratings on preferred shares of Fannie Mae [FNM
Loading...
()
] and Freddie Mac [FRE
Loading...
()
], citing concern that if the government-backed lenders can't get access to needed capital, they could be forced to cut their dividends. (As it turned out, that was the least of it!)
What You Were Reading:
- KDB Confirms Talks with Lehman on Possible Deal
- GM Not Optimistic About the Rest of 2008: Exec.
- Has the S&P Ever Lost More Points Than the Dow?
The Dow Industrials jump more than 200 points in early trading after oil prices fall to a five-month intraday low, but optimism did not carry the day.
 |
The Dow closed down 26.63 points, at 11,516.92; the S&P lost 5.25 points at 1,277.58; and even the tech-heavy Nasdaq slipped 18.28 points at 2,349.24.
What the Experts Were Saying:
Lehman Bros.' CEO Dick Fuld scrambles for deals to buoy the firm. Charlie Gasparino reports.
Dissecting the financials, with Peter Boockvar, Miller Tabak and Eric Ross, Canaccord Adams.
Crude oil volatility, with Mary Novak, Global Insight; John Kilduff, MF Global; and Vince Farrell, Soleil Securities.
- Will the Fed raise rates? Will the dollar continue its slide? CNBC experts weigh in on the year ahead.
- Goldman Sachs has forbidden employees from gathering in private holiday parties of 12 or more.
- Dictionary.com says that of all words searched for in 2009, a synonym for greed was the top gainer.
- Heavily armed pirates in Somalia have set up a sort of stock exhange to fund their hijackings.
- Since its launch in 1998, Google has become a primary force on the Internet. How much do you know about the company?
- Some of the nation's top bartenders offer suggestions on what to serve at holiday celebrations this year.
Data is a real-time snapshot *Data is delayed at least 15 minutes