Quoted: Investors jumped back into the stock market Thursday afternoon after the world's central banks embarked on a coordinated effort to ease the fear coursing through the global financial system, sending the Dow industrials up more than 400 points.

Quoted: The central lesson of this saga is clear. If you like the Bush economy, hire McCain. Over the next seven weeks, however, Americans who care about our economic future have to join Barack Obama in saying: enough.

« "One of the Wildest Chapters in the History of Lending and Borrowing"
The NYT goes chart crazy in -- "A series about the surge in consumer debt and the lenders who made it possible" -- looking at the economy, debt, housing, etc.

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Quoted: The World Economic Forum has bestowed the coveted honor on 39 companies, which could become the Googles, a previous winner, of tomorrow.

UBS, the largest Swiss bank, said Tuesday that it expected to cut about 5,500 jobs, including 2,600 in its investment banking unit, as it announced a first-quarter loss of about $10.9 billion.

The bank also said it was planning to sell $15 billion dollars of distressed mortgage assets to the asset management company BlackRock and that they would close down the bank's institutional municipal bond business in the United States.

UBS, which has been the hardest hit of all European financial institutions in the credit crisis that began last year, reported a first-quarter loss of 11.5 billion Swiss francs. That was in line with its previous estimates, but it represented a sharp turn from a net profit of 3.0 billion francs in the first quarter 2007.

Quoted: UBS to cut 5,500 jobs after first-quarter loss

Quoted: SAS vd Mats Jansson ställs i dag mot väggen. Det krisdrabbade flygbolaget håller stämma och då tar förmögne dansken Fritz H Schur över spakarna som ordförande.