Archive for November 5th, 2008

Activision Posts Loss on Merger Costs, Plans $1 Billion Buyback

Wednesday, November 5th, 2008
By Michael White Nov. 5 (Bloomberg) -- Activision Blizzard Inc., the video- game maker formed in July when Vivendi SA bought a controlling stake in Activision Inc., reported a loss on merger-related costs and announced a share buyback of as much as $1 ...
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MARKET SNAPSHOT: US Stocks End Sharply Down As Economy Overshadows …

Wednesday, November 5th, 2008
US stocks hastened their sharp declines, erasing the largest Election Day gains in more than two decades, as investors pondered the task ahead for President-elect Barack Obama in confronting the poor shape of the economy.
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ResCap Could Fail; GMAC Says Mtge Lender Can't Survive Alone

Wednesday, November 5th, 2008
NEW YORK -(Dow Jones)- Residential Capital LLC - despite frequent resuscitation attempts and steep cost cuts - could join the long list of lending firms that have fallen victim to the ailing housing market.
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Time Warner profit slips, full-year outlook cut

Wednesday, November 5th, 2008
By David B. Wilkerson, MarketWatch CHICAGO (MarketWatch) - Time Warner Inc. reported on Wednesday that third-quarter profit slipped 1.7% on another steep drop in revenue at AOL and difficult year-over-year comparison at its movie and television studios ...
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Obama victory sparks profit-taking in US, Europe (AFP)

Wednesday, November 5th, 2008
AFP - A global stock rally faltered and Wall Street fell hard Wednesday as investors buckled down for a gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.
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Obama victory sparks profit-taking in US, Europe (AFP)

Wednesday, November 5th, 2008
AFP - A global stock rally faltered and Wall Street fell hard Wednesday as investors buckled down for a gloomy economic ride after the euphoria of Democrat Barack Obama's US presidential election victory.
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Molson Coors Rises on Sales Gains, Quicker Savings (Update1)

Wednesday, November 5th, 2008
By Allison Abell Schwartz Nov. 5 (Bloomberg) -- Molson Coors Brewing Co., the third- largest US beer maker, rose 8.3 percent in New York trading because of market-share gains in Canada and the UK and after the company said it expects to achieve total ...
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British beekeepers seek help to save honeybees (AP)

Wednesday, November 5th, 2008
AP - Beekeepers swarmed Parliament and the prime minister's office on Wednesday, demanding more funds for research after the number of Britain's honey bees dropped by nearly a third in the past year.
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New president, same problems

Wednesday, November 5th, 2008
Investment experts say that despite Barack Obama's convincing win, the market volatility isn't over yet. By Paul R. La Monica, CNNMoney.
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Oil Falls More Than $5 After Unexpected Gasoline Supply Gain

Wednesday, November 5th, 2008
By Mark Shenk Nov. 5 (Bloomberg) -- Crude oil fell more than $5 a barrel after an Energy Department report showed an unexpected increase in gasoline inventories.
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