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Thursday,
04 December 2008
Oil Prices Fall to Nearly Four-Year Low
By GREGORY MEYER NEW YORK -- Crude oil descended to prices not seen in nearly four years Thursday as the world economic slowdown continued to take a toll.
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
Sarkozy Announces EU26 Bln of Measures to Spur Growth (Update1)
By Francois de Beaupuy and Helene Fouquet Dec. 4 (Bloomberg) -- French President Nicolas Sarkozy announced 26 billion euros ($33 billion) of measures to spur growth in an economy teetering on the brink of recession.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
China tells US to get economy in order
BEIJING (AP) - China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis.
(Source: The Associated Press) read more...
Thursday,
04 December 2008
Nokia cuts fourth-quarter mobile-industry forecast
By Aude Lagorce, MarketWatch LONDON (MarketWatch) -- Nokia Corp., the worlds largest maker of mobile phones, on Thursday lowered its fourth-quarter mobile-industry outlook for the second time in less than a month and warned it may lose...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
UPDATE: Gartner: Smartphone Sales Slowdown To Continue
By Adam Ewing STOCKHOLM -(Dow Jones)- Research firm Gartner Inc. (IT) Thursday said 36.5 million smartphones were sold in the third-quarter this year, an 11.5% increase from last year, but a slowdown from the 15.7% annual growth seen in...
(Source: CNNMoney.com) read more...
Thursday,
04 December 2008
Factory Orders in the US Decrease 5.1%, Most in 8 Years
By Timothy R. Homan Dec. 4 (Bloomberg) -- Orders placed with US factories in October fell by the most in 8 years, signaling a decline in manufacturing will contribute to deepening the recession.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Capital One to Buy Chevy Chase Bank for $520 Million (Update2)
By Hugh Son and Ari Levy Dec. 4 (Bloomberg) -- Capital One Financial Corp. agreed to buy Chevy Chase Bank for $520 million in cash and stock to become the biggest retail bank based in the Washington, DC, region.
(Source: Bloomberg) 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