SAN FRANCISCO COMPANIES - Libor Climbs to Two-Week High; Money Markets Reach ‘Crossroads’ - Bloomberg SAN FRANCISCO COMPANIES - Libor Climbs to Two-Week High; Money Markets Reach ‘Crossroads’ - Bloomberg

Thursday, January 22, 2009

SAN FRANCISCO COMPANIES - Libor Climbs to Two-Week High; Money Markets Reach ‘Crossroads’ - Bloomberg

Jan. 22 (Bloomberg) -- The cost of borrowing in dollars in London rose to the highest level in almost two weeks on concern policy makers have run out of room to lower interest rates after cutting them to near zero. The London interbank offered rate in STOCKMARKET NEWS >

WASHINGTON - No joke: Barack Obama had to take the presidential oath twice. No, seriously Joe, no joke. One of the small but memorable moments to emerge from Obama's first full day in office Wednesday came when Vice-President Joe Biden offered up a in STOCKMARKET NEWS >

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Neither in STOCKMARKET NEWS >

TORONTO, Jan 22 (Reuters) - Toronto's main stock index tumbled at the open on Thursday as weaker oil prices weighed on the resource-heavy index while the latest data showed further signs of a deteriorating Canadian economy. The Toronto Stock Exchange in STOCKMARKET NEWS >

NEW YORK (AP) — Media reports say former Merrill Lynch & Co. CEO John Thain has resigned from Bank of America Corp. CNBC and The Wall Street Journal's Web site are reporting that Thain resigned after a meeting of Bank of America executives Thursday in STOCKMARKET NEWS >

NEW YORK (Reuters) - Microsoft reported disappointing earnings on Thursday and plans to cut up to 5,000 jobs as U.S. jobless claims rose more than expected and Asia's two largest economies buckled under the strain of the global financial crisis in STOCKMARKET NEWS >

BRUSSELS, Belgium (AP) — European Union antitrust regulators said Thursday they raided Slovakia's main telecom operator last week on suspicion of monopoly abuse. The European Commission said it had reason to believe that Slovak Telekom had abused in STOCKMARKET NEWS >

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