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Central Pacific Financial stock down 10% (Pacific Business News)
Central Pacific Bank stock plunged 10 percent on Tuesday, closing below $15 for the first time in more than six years. (CPF) (BOH) (HE)
Stock market's five-day decline dampens spirits (Newsday)
The first five days of trading in 2008 ended badly, with major indexes finishing several percentage points lower than where they began on the first day of trading last week. Although most experts debunk the predictive power of that so-called five-day early warning system, the extended slump has caused worry about the future direction of the market and the economy.
Small investor? Stick with funds (CNN Money)
Question: I would like to invest in stocks, but I can't afford to buy large quantities. Earlier this year, for example, I would have loved to have bought Countrywide Financial when it was trading at $8.21 a share, but I only had enough money for 15 to 20 shares. Is there a way for someone like me to buy small amounts of stock a few times a year without getting killed by fees? -J. Parker
Oversupply may cause stock indigestion (Vietnam Net)
VietNamNet Bridge – The stock market’s biggest dilmma several years ago was the lack of commodities; now is oversupply, experts say. Investors on trading floors are excitedly spreading rumors about which companies will be the next to list.
Countrywide shares tumble to all-time low (Bradenton Herald)
Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for industry and signals that the Bush administration is growing more concerned about rising mortgage defaults.
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