Financial Stocks: Financial stocks buck downtrend
Shares of U.S. financial stocks reverse early losses and rise, aided by strong gains in the insurance sector after Hartford Financial raised its previously cut earnings outlook for 2008.

Treasury: Bailout working, financial system alive
WASHINGTON (MarketWatch) - A key Treasury Department official on Friday defended the agency's strategy for using a $700 billion bank bailout fund and argued that the financial system is more stable than when Congress approved the capital allocations in October.

United States, China to Jointly Tackle Financial Crisis
The United States and China pledged Friday to work together to tackle global financial turmoil as they wrapped up economic talks but left open whether the high-level dialogue will continue under President-elect Barack Obama.

China, U.S. Deepen Financial Ties, Aid Global Trade (Update1)
Dec. 5 (Bloomberg) -- China and the U.S. pledged $20 billion to fund trade and agreed to deepen financial ties, stepping up efforts to counter the credit crisis in their final economic talks before President-elect Barack Obama takes office.

Some financial products shining in gloom
Recent stock market volatility has hit many investors hard but some financial products continue to shine despite the gloomy economic picture.

Labor Secretary Says Job Losses Underscore Need To Stabilize Financial Markets
(RTTNews) - U.S. Secretary of Labor Elaine Chao said Friday that the latest job statistics, which showed the worst job losses in 34 years, show the need to bring stability to financial markets. She also encouraged people that have been laid off to use government resources to help find new jobs.

Mitsubishi UFJ, Financial Stocks Decline on Weakening Economy
Dec. 5 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan?s biggest bank, led declines among financial stocks in Tokyo on concern the deteriorating economy will harm lenders.

Financial crisis costs 400 more ANZ jobs
THE turmoil sweeping through the financial services sector has claimed another 400 jobs, this time at ANZ Bank, whose latest cuts follow the reductions made by Macquarie Group.

Hearts pay outstanding wages to quell financial fears
Hearts appear to have quelled their financial fears at least for now after the club confirmed all outstanding wages to players had been paid.

Hartford Financial raises guidance, shares jump
(AP:HARTFORD, Conn.) Hartford Financial Services Group Inc. on Friday raised its profit expectations and reaffirmed the strength of its capital position, sending shares of the insurance company nearly 50 percent higher.

EU sees no problems with Bank of America takeover creating largest US financial group
BRUSSELS, Belgium - European Union antitrust regulators on Friday cleared Bank of America Corp. to buy Merrill Lynch & Co., saying they saw no problems with the $50 billion takeover that will create the largest U.S. financial services company.

Hartford Financial raises guidance, shares jump
(AP:HARTFORD, Conn.) Hartford Financial Services Group Inc. on Friday raised its profit expectations and reaffirmed the strength of its capital position, sending shares of the insurance company up almost 50 percent.

Hartford Financial raises guidance
Associated Press - December 5, 2008 9:33 AM ET HARTFORD, Conn. (AP) - Shares of Hartford Financial Services Group Inc. are up sharply in premarket trading after the financial services company...

Hartford Financial raises guidance
(AP:HARTFORD, Conn.) Shares of Hartford Financial Services Group Inc. are up sharply in premarket trading after the financial services company raised its earnings expectations.

Global financial crisis an 'act of God'
An Australian MP has raised eyebrows by claiming the global financial crisis is an act of God.

Honda quits over financial crisis
Honda has announced its shock withdrawal from Formula One over the global financial crisis, ending an involvement which began in the 1960s.

Russian, Indian financial market regulators ink cooperation deal
RBC, 05.12.2008, Moscow 17:34:39. The Russian Federal Financial Markets Service and India's Securities and Exchange Board have signed a memorandum of understanding today.

Petron can present financial books to lawmakers
LEADING refiner Petron Corporation has offered its financial books to Congress for lawmakers to determine themselves if the company is benefiting from the steep drop in crude and finished product prices.

Financial bid date for UP power plant extended again
Apparently faced with disinterested bidders, the Uttar Pradesh government has extended the date for the submission of financial bids for the proposed thermal power plant in Allahabad district to December 15.

Head of Financial Rescue Says Treasury Considering Mortgage Rate Plan
The financial industry is pushing a proposal for the Treasury Department to seek to lower the rate on a 30-year mortgage to 4.5 percent.