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Thursday,
04 December 2008
Capital One to acquire Chevy Chase for $520 million
NEW YORK (Reuters) - Capital One Financial Corp (COF.N: Quote, Profile, Research, Stock Buzz), a credit card issuer and bank, will acquire closely held lender Chevy Chase Bank in a $520 million cash and stock deal, expanding its retail...
(Source: Reuters) read more...
Thursday,
04 December 2008
Beige Book: Economic slide deepens
Deteriorating retail spending, declines in the housing market and the national economic woes helped drag the Southeast economy into deeper weakness in October through mid-November, according to the Federal Reserves Beige Book report...
(Source: Bizjournals.com) read more...
Thursday,
04 December 2008
Nokia Sees Shrinking Handset Market
By ADAM EWING STOCKHOLM -- Nokia Corp., the worlds largest mobile handset maker, Thursday cut its global handset market forecasts for the second time in three weeks, warning that the slowdown has accelerated more rapidly than expected.
(Source: Wall Street Journal) read more...
Thursday,
04 December 2008
Merck Provides 2009 Financial Guidance; Reaffirms Guidance for
Merck & Co., Inc. today reaffirmed its financial guidance for 2008 and 2010, and provided guidance for 2009. Mercks senior management will host a conference call to discuss the details of the Companys financial guidance today at...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
Sarkozy Announces EU26 Billion of Measures to Spur Economy
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
Putin Pledges Increased Aid as Russian Economic Slump Deepens
By Henry Meyer Dec. 4 (Bloomberg) -- Russian Prime Minister Vladimir Putin pledged increased state aid and direct government investments in troubled companies as an economic slump deepens.
(Source: Bloomberg) read more...
Thursday,
04 December 2008
Treasury mulls plan to lower mortgage rates to 4.5%
Move would help homeowners and buyers with good credit, but would do little for troubled borrowers, experts said. By Tami Luhby, CNNMoney.
(Source: CNNMoney.com) read more...
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- Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
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- ArcelorMittal May Cut 9000 Jobs Across the World (Update3)
- Black Friday At Toys R Us
- Obama Says Thanksgiving Comes During a ‘Time of Great Trial’
- OPEC Has All Options Open, Including Cut, Libya Says (Update2)
- GM Said to Study Shedding Saturn, Saab, Pontiac to Win US Aid
- Ford Resists Change to Mulallys Pay
- European, Asian stocks higher despite gloomy data
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