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Thursday,
04 December 2008
Philips says it wont meet it 2010 earnings target
By Aude Lagorce, MarketWatch LONDON (MarketWatch) -- Consumer electronics and medical equipment giant Philips Electronics NV on Thursday warned it wouldnt meet its target of doubling earnings by 2010 as the economic downturn hurts...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
Credit Suisse to Eliminate 5300 Jobs After Losses This Quarter
By Elena Logutenkova and Christian Baumgaertel Dec. 4 (Bloomberg) -- Credit Suisse Group AG, Switzerlands second-largest bank, will eliminate 5300 jobs and scrap bonuses for its top executives after about 3 billion francs ($2.5...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Market freeze may prompt China FX reforms
SHANGHAI, Dec 4 (Reuters) - Chinas foreign exchange market has frozen this week, showing how difficult it will be for the central bank to manage a slow depreciation of the yuan, and that may prompt reforms to the tightly controlled currency...
(Source: Reuters) read more...
Thursday,
04 December 2008
European Consumers, Companies Curtail Their Spending (Update1)
By Fergal O’Brien Dec. 4 (Bloomberg) -- European investment fell for a second quarter and consumer spending stagnated as the global financial crisis dragged the region into a recession that may push central bankers into a third...
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Who can save Detroit
Automakers are heading back to Capitol Hill to plead for a bailout. They may finally get help...but not from Congress. By Chris Isidore, CNNMoney.
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
EDF: New Nuclear Goals Mean Capex Of EUR40 Billion-EUR50 Billion
PARIS -(Dow Jones)- French nuclear utility Electricite de France SA ( 1024251.FR) Thursday said its ambition to lead a worldwide wave of building new nuclear power plants translates into an estimated total capital expenditure program...
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
Adobe Cuts 600 Jobs, Warns of Shortfall Amid Financial Crisis
By Darryl K. Taft Design tools maker Adobe announced preliminary results much lower than expected for its fourth quarter, prompting a restructuring and the elimination of 600 jobs.
(Source: eWeek) read more...
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- State Street to cut up to 1800 jobs
- Vikings react to suspensions of Williams Wall
- Union concessions may improve prospects for auto bailout
- Financial industry pushes for lower mortgage rates
- Adobe issues disappointing outlook, will cut jobs
- Fed paints dreary economic picture
- Neuberger Team Wins Bid for Lehman Unit
- Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
- French power company in hunt for Constellation
- UDPATE 1-US holiday sales begin before turkey grows cold
- Indian Commandos Battle to Clear Militants From Mumbai Hotels
- UBS: You & Us & The IRS
- Oil May Fall After OPEC Meet as Recession Deepens, Survey Shows
- Bolivia calls US trade move political vengeance
- Panasonic Cuts Profit Forecast on Prices, Demand Drop (Update2)
- Saab May Be GMs Best Hope for the Future
- Vying for Volunteers: Salvation Army Needs Help
- China Cuts Interest Rates to Boost Economy