Beazer Homes shares tumbled 18% last week due to ongoing issues with the subprime market. The plunge was as much as 40% but recovered from that drop to a 18% drop.
A spokesman for the company said that “We have become aware of rumors circulating in the market about Beazer Homes’ liquidity and a prospective [...]

For those who grew up watching the Jetsons, this is really big news. There is a car company, Moller, who has begun production of a mini-sky car! It travels about ten feet off of the ground, has room for two passengers and can travel at speeds up to 50 Miles per hour.
Here [...]

Following yesterday’s infusion of 24 billion, it has been reported that the Federal reserve has now injected another 38 billion into the economy.
“The Fed pushed $38 billion in temporary reserves into the system Friday, on top of a similar move the day before.
Financial markets in the United States and around the [...]

In response to the market meltdown, which some are saying is just an indicator of things to come, the Federal Reserve has injected 24 billion dollars into the US economy in part by buying 19 billion in mortgage backed securities. All this activity is an effort to stave off a reduction in the Fed’s [...]

The bank ceased allowing withdrawals on three funds because it could no longer value the assets in those funds. The basis for this situation? Ans: the sub-prime melt down in the US.
“BNP Paribas SA, France’s biggest bank, halted withdrawals from three investment funds because it couldn’t “fairly” value their holdings after U.S. subprime [...]

Here is a link to an article out of the Boston Globe (online edition) which reports that Harvard University lost over 250 million of its endowment when a hedge fund precipitously fell in value in July. The fund is Sowood Capital Management, LP.
“The biggest loser so far appears to be Harvard University, which is [...]

China has threatened to crash the value of the US dollar. Here is a site to an article reporting that news: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml.
This may simply be a bargaining position, but the mere mention of China’s power to wage such an economic war against the United States seems to be a very big deal. [...]

Alex Taylor, III a Fortune Senior Editor writes that the person now chosen to lead Chrysler after the buy out by Cerberus, Bob Nardelli, is precisely the wrong individual to run that company at this time. Mr. Nardelli comes from a stint at Home Depot and General Electric.
“Nardelli, on the other hand, arrives [...]

The decline in the housing market continues as Las Vegas held its largest foreclosure sale ever.
Quote:
The largest single home foreclosure auction in Las Vegas history took place on Sunday. Prospective buyers across the valley got a chance to cast their bids for nearly 100 homes and condominiums.
Analysts say declining home sales have ripened [...]

Late Tuesday afternoon, two hedge funds owned by Bear Stearns Cos., filed for Chapter 15 bankruptcy protection which covers foreign companies that file in the United States. The “funds are technically registered in the Cayman Islands.” The decision came “after the company told investors one was essentially worthless and the other had lost [...]