Archive for November 3rd, 2008

Viacom profit declines on film comparison, ad sales

Monday, November 3rd, 2008
By MarketWatch CHICAGO (MarketWatch) -- After issuing a profit warning last month, Viacom Inc. reported Monday that third-quarter net income fell 37% due to difficult comparisons to the year-ago quarter that included proceeds from the movie blockbuster ...
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Auto industry sees darkest days in 25 years

Monday, November 3rd, 2008
By Shawn Langlois, MarketWatch SAN FRANCISCO (MarketWatch) - The auto industry on Monday posted its worst monthly US sales tally in 25 years, with General Motors Corp.
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Wall Street ends barely changed day before election (Reuters)

Monday, November 3rd, 2008
Reuters - Stocks ended little changed on Monday as investors picked up bargains on signs of further thawing in credit markets, but were unwilling to place big bets before the presidential election.
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Yahoo Names Former Microsoft Executive To Run Media Unit

Monday, November 3rd, 2008
SAN FRANCISCO -(Dow Jones)- Yahoo Inc. (YHOO) on Monday named former Microsoft Corp. (MSFT) executive Jeff Dossett to run the Internet giant's media operations.
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Stocks end quiet session mixed ahead of election

Monday, November 3rd, 2008
NEW YORK (AP) - Wall Street has ended the calmest session in recent memory with a mixed performance as investors looked past a weak reading on the manufacturing sector and focused on the election.
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Wells Fargo’s Kovacevich to stay on a bit longer

Monday, November 3rd, 2008
Dick Kovacevich, the chairman of Well Fargo & Co. who grew up in Enumclaw and who turned 65 last week, will continue as chairman for an interim period.
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Circuit City to shut stores in effort to stay afloat

Monday, November 3rd, 2008
By Andria Cheng, MarketWatch NEW YORK (MarketWatch) -- Circuit City Stores Inc., suffering from declining sales, traffic and cash, said Monday that it's shutting 155 US underperforming stores in a last-ditch efforts to stay afloat before what some ...
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US to Borrow Record This Quarter to Finance Deficit (Update1)

Monday, November 3rd, 2008
By Rebecca Christie and John Brinsley Nov. 3 (Bloomberg) -- The US Treasury more than tripled its planned debt sales for this quarter to help finance a 2009 budget deficit that bond dealers advising the department estimate may swell to almost $1 ...
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Fed Says Banks Tighten Loan Standards Most on Record (Update2)

Monday, November 3rd, 2008
By Craig Torres Nov. 3 (Bloomberg) -- A record share of US banks made it harder for companies to get loans in the past three months, concerned about mounting losses from the economic slump and financial crisis, a Federal Reserve report showed today.
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Oil prices skid on dire outlook for energy demand (AFP)

Monday, November 3rd, 2008
AFP - Oil prices nose-dived Monday as traders digested fresh signs of slowing economies in the European Union and the United States that bode ill for energy demand.
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