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Government steps to head off run on money funds (AP via Yahoo! News)
The federal government on Friday stepped in to bolster the teetering $3 trillion money-market mutual fund industry and stem a wave of withdrawals that resembled a Depression-era run on the banks ? sparked largely by panicked institutional clients rather than individual investors in what are normally considered to be the safest of investments.
Blending entertainment with money (Arab News)
JEDDAH: Investing in small-scale entertainment ventures is one of the most common practices of some youths during the month of Ramadan, especially in the southern districts of Jeddah.
Rushing to save money-market funds (CNN Money)
Coming to the rescue of a bedrock of American investing, the Treasury Department and the Federal Reserve took three big steps Friday to shore up the $3.3 trillion U.S. money-market fund industry.