Market Briefs
Market Briefs

Published: October 1, 2008

Stock market volatility is causing a state board to act cautiously on a refinancing request by the Oklahoma Municipal Power Authority. The state Council of Bond Oversight voted Tuesday to give approval if certain conditions are met for the agency to refinance about $55 million of its debt on a 2005 bond issue.

NEW YORK — Stocks are rebounding and a new bailout package could be coming soon, but the credit markets are still stuck. Randall Stephenson, the CEO of AT&T Inc., said Tuesday that when the telecommunications company tried to get short-term cash last week by selling corporate debt known as commercial paper, no one was willing to lend anything for longer than overnight.

LONDON — Volatile world stock markets showed mixed reactions Tuesday. Asian stocks fell but some finished above their lows of the day and European stocks ended mostly higher. Latin American stocks, meanwhile, rebounded strongly.

CONSUMERS

NEW YORK — The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8. That's up slightly from a revised 58.5 in August and higher than analysts expected. But it's still about half what it was a year ago and near the lowest since the index registered 54.6 in October 1992 when the economy was coming out of a recession.

From Staff and Wire Reports

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