Dollar Falls to Record Low on Concern Fed Package Won't Succeed

The dollar fell to a record below $1.55 per euro as firms from Citigroup Inc. to Goldman Sachs Group Inc. said the Federal Reserve's plan to inject $200 billion into the banking system may fail to break the freeze in money-market lending.

//tinyurl.com/28xx94



Crude rallies to surpass $110 as dollar falls

Crude-oil futures gained more than $1 Wednesday to surpass $110 a barrel for the first time, moving higher as the dollar fell to a new low against the euro in a lift for dollar-denominated oil prices and as speculation increased in the futures market.

//tinyurl.com/3dqymm



Billionaire Investor Sees Bank Failures Ahead

Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no American banks have yet failed this time, but he suggests that's about to change.

//biz.yahoo.com/cnbc/080310/23557115.html


From Information Clearing House



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