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Thursday,
20 November 2008
AstraZenecas Generic Foe
Instead of taking a sick day, AstraZeneca has decided to stand up and fight, but shareholders seem to think the British pharma should have stayed home.
(Source: Forbes) read more...
Thursday,
20 November 2008
Oil Falls Toward $50 a Barrel as Equities Slump, Fuel Use Falls
By Christian Schmollinger Nov. 20 (Bloomberg) -- Crude oil fell for a fifth day, approaching $50 a barrel, as the contracting world economy increases concerns that demand for fuels will slow.
(Source: Bloomberg) read more...
Thursday,
20 November 2008
US housing starts lowest since 1959
A new report from the US Commerce Department shows housing starts reached an annual rate of 791000 last month, the lowest level since the department began tracking starts in 1959.
(Source: Bizjournals.com) read more...
Thursday,
20 November 2008
Ambac commutes $3.5 Billion in CDO exposure
NEW YORK (Associated Press) - Ambac Financial Group Inc. said Wednesday it paid about $1 billion in cash to close positions in four collateralized debt obligation transactions with a combined exposure of about $3.5 billion.
(Source: CNNMoney.com) read more...
Thursday,
20 November 2008
Quick Action on Watchdog
By Amit R. Paley Nearly every aspect of the Treasury Departments $700 billion bailout program has sparked fierce debate except for one: the need to establish a strong watchdog agency as swiftly as possible.
(Source: Washington Post) read more...
Thursday,
20 November 2008
Dress Barn cuts fiscal 2009 outlook on slow sales
Specialty apparel retailer Dress Barn Inc. cut its outlook for fiscal 2009 on Wednesday, saying it expects consumer spending to get worse.
(Source: BusinessWeek) read more...
Thursday,
20 November 2008
Hong Kong shares outlook - Lower on Wall St plunge after US CPI
HONG KONG (XFN-ASIA) - Share prices are expected to open lower after Wall Street plunged to their lowest level in five-and-a-half years as fresh US data provided further discouraging news on the economy, dealers said.
(Source: Forbes) read more...
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- Democrats Ask Automakers for Way Forward
- Jobless claims jump unexpectedly to 16-year high
- Fannie, Freddie Suspend Foreclosures Through Jan. 9 (Update2)
- Epicenter Of The Sell-Off: Citigroup
- Busy Treasury secretary still has time for Reagan
- Honda Cuts 18000 More Vehicles From US Production (Update2)
- UPDATE 1-Runways debut in 3 US cities; OHare plans in doubt
- California E-Car Dreaming
- Internet ad sales up to $5.9B in Q3
- Microsoft turns Windows Live into a social network
- AMD Unveils a Server Chip Called Shanghai
- Hosting firm shutdown forces botnets to relocate
- Second World of Warcraft expansion released
- Space Plumbers Ready for Shuttle Launching
- Which to buy: ‘Guitar Hero or Rock Band 2’
- Apple to develop its own search engine
- Google’s Site Search Gets Faster; Yahoo’s Goes Away
- Online Piracy Costing Publishers Millions, Study Says