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Stocks Battle Back While Gold and Consumer Credit Drop

It was a mixed day today for stocks with the DJIA and Nasdaq seeing moderate gains and the S&P missing green by just over 1 point. Wednesday’s noteworthy stocks includes American International Group, AIG, which fell 4.73% on the close.

Business briefs | Consumer credit falls, aluminum demand drops …

Less credit The Federal Reserve said Wednesday that consumer credit fell at an annual rate of 1.5 percent, or by $3.2 billion, from April. Economists had expected a deeper cut of $9.5 billion. It was the fourth straight monthly consumer …

Is the credit crunch over? | Northloop Neighborhoods

The IMF says the worldwide credit crunch will cost $4 trillion and damage the financial system for years to come. ECB lends $500bn to lower rates. The European Central Bank lends money to banks at below-market rates to try and tackle …

Banks cut Fed borrowing, sign credit stress easing - WCAX.COM …

WASHINGTON (AP) - Banks trimmed borrowing from the Federal Reserve’s emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, promising signs that some credit problems are …

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