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POLL: Wall Street snaps back; surges after opening bell
Monday, Oct. 13, 2008
Wall Street is snapping back from last week's devastating losses on growing hopes the stock market will finally find some footing. Investors are cautiously optimistic after the Bush administration and European governments pledged coordinated actions to help the crippled financial system. The Treasury has said it plans to buy U.S. bank stocks. A rebound was to expected at some point after the Dow Jones industrials lost nearly 2,400 points over eight sessions. Full story »
Used vegetable oil collected from Collier, Lee restaurants fuels Naples company’s growth
Sunday, Oct. 12, 2008
To some it’s just gritty grease. But to a Naples company it’s liquid gold. The grease used to deep fry everything from chicken and corn dogs to french fries and conch fritters is what’s fueling the business — and its rapid growth. Full story »
SCORE: Marketing for new businesses
Sunday, Oct. 12, 2008
I am a relatively new business owner and have a limited advertising budget. Can you suggest ways for me to market my business without breaking the bank? Full story »
Southwest Florida Business Briefs: October 13, 2008
Sunday, Oct. 12, 2008
Southwest Florida Business Events: October 13, 2008
Sunday, Oct. 12, 2008
Parade of Homes rescheduled to next year due to low interest
Saturday, Oct. 11, 2008
The Parade of Homes will go on. But not this fall. Originally planned for later this month, the scattered-site parade has been rescheduled for March in hopes of drawing more interest from local builders, who have been slow to sign up as they struggle through one of the worst housing slumps in decades. Full story »
All that money you've lost — where did it go?
Saturday, Oct. 11, 2008
Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money you're saving for college, the money your boss needs to make payroll — gone, gone, gone. Whether you're a stock broker or Joe Six-pack, if you have a 401(k), a mutual fund or a college savings plan, tumbling stock markets and sagging home prices mean you've lost a whole lot of the money that was right there on your account statements just a few months ago Full story »
Bush, allies pledge joint action on global crisis
Saturday, Oct. 11, 2008
President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action. Full story »
Recession in your head? Experts share advice to those down with the markets
Saturday, Oct. 11, 2008
Recessions don’t last. Suicide and divorce does. Local experts in finance, psychology and daily life are sharing the same advice to those overcome with anxiety, stress or depression associated with the country’s recent financial and economic conundrums. Don’t worry, they say, be happy. Full story »
Collier Real Estate Transactions: Oct. 10, 2008
Saturday, Oct. 11, 2008
Recent deed transactions from the Collier County Clerk of Courts office. Full story »
DOW FALLS 128: Stocks end wild session mixed
Friday, Oct. 10, 2008
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session. Full story »
Oil plunges to 13-month low on global slowdown
Friday, Oct. 10, 2008
The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis. Oil hasn't been this cheap in 13 months — a rare silver lining for consumers amid a rapidly imploding financial landscape. Crude prices have almost been cut in half since surging to a record near $150 barrel over the summer.
Energy experts believe prices could go even lower.
Full story »
Energy experts believe prices could go even lower.
Full story »
U.S. to take stake in banks, first since Depression
Friday, Oct. 10, 2008
The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede. Full story »
Estimate leaves growers feeling squeezed
Friday, Oct. 10, 2008
Southwest Florida’s growers got some sour news on Friday. The U.S. Department of Agriculture’s first citrus crop estimate for the 2008-09 season came out higher than many expected. That could mean lower prices for growers this year, even as their costs continue to rise. Full story »
Bank of Florida reports $3.4M third quarter loss
Friday, Oct. 10, 2008
Naples-based Bank of Florida Corp. expects a loss of $3.4 million, or 27 cents, in the third quarter. The bank holding company, with $1.4 billion in assets, provided preliminary results on Friday. It has upped its provision for loan losses to $6.2 million because of a weak real estate market that has lowered values, particularly in Southwest Florida. Net charge-offs totaled about $5.2 million, or 1.72 percent of average loans, in the third quarter. Full story »
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An Associated Press Video Special Report
- Education Channel Special: "Vote 2008" -- 10/13/08 at airing on on The Education Channel, Comcast Cable 20
- Pine Ridge Government Complex Groundbreaking -- 10/13/08 at 15650 Pine Ridge Road in South Fort Myers
- Exhibit: "3 Women of Merit: Part 2" -- 10/13/08 at The von Liebig Art Center
- East Naples United Methodist Church Pumpkin Patch -- 10/13/08 at East Naples United Methodist Church
- FGCU Founder's Cup Golf Tournament -- 10/13/08 at Mediterra
- Makeover Monday at Blu Sushi -- 10/13/08 at Blu Sushi - Fort Myers
- Lunch With The Arts: Janis Siegel & Joan Sonnenberg -- 10/13/08 at The von Liebig Art Center
- Planetarium Show: "Skies Over Southwest Florida" -- 10/13/08 at The Calusa Nature Center and Planetarium
