Archive for November 7th, 2008

Wall St jumps on bargain hunting in volatile week (Reuters)

Friday, November 7th, 2008
Reuters - U.S. stocks rose on Friday as bargain hunters scooped up shares at multiyear lows after a big drop in the October payrolls was less dire than feared.
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GM Says It May Run Out of Operating Cash This Year (Update4)

Friday, November 7th, 2008
By Jeff Green and Mike Ramsey Nov. 7 (Bloomberg) -- General Motors Corp., seeking federal aid to avoid collapse, said it may not have enough cash to keep operating this year and will fall ``significantly short'' of the amount needed by the end of June ...
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Microsoft not interested in new bid for Yahoo: report

Friday, November 7th, 2008
By MarketWatch On Nov. 7, a MarketWatch story on Yahoo Inc. erroneously said that the merger battle between Microsoft Corp. (MSFT: , , ) took place earlier this month.
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Anheuser-Busch settles shareholder suits over sale

Friday, November 7th, 2008
© 2008 AP ST. LOUIS - Anheuser-Busch Cos. Inc. said Friday it has settled all lawsuits filed by shareholders related to the company's pending sale to InBev SA.
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GM: Almost out of cash

Friday, November 7th, 2008
By Chris Isidore, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- General Motors shook an already embattled auto industry Friday as it reported a huge quarterly loss that was much worse than expected and warned it is in danger of running out of ...
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Samsung Overtakes US Market Share Lead From Motorola

Friday, November 7th, 2008
Samsung led the shipments hit parade with 22.4% share of the cell phone market, while LG Electronics finished in third place with 20.5% share.
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BA shares soar 15 pct, despite $77 million 1H loss (AP)

Friday, November 7th, 2008
AP - British Airways PLC on Friday reported a first-half net loss of 49 million pounds ($77 million), as record high oil prices and a global economic slowdown hit the airline's bottom line.
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EU leaders urge rapid results on financial reform (AFP)

Friday, November 7th, 2008
AFP - An international summit next week in Washington should mark only the beginning of a global revamp of the financial order, EU leaders agreed Friday, calling for a second meeting in early spring.
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Why the jobs report is so ominous

Friday, November 7th, 2008
There's little chance that this is a statistical fluke. We'll wish it had been. By Anthony Karydakis NEW YORK (Fortune) -- What gives today's October employment report an unmistakably ominous twist is the almost uniformly downbeat message from nearly ...
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Realtors lobby for housing stimulus, claim there's no time to waste

Friday, November 7th, 2008
By Amy Hoak, MarketWatch ORLANDO, Fla. (MarketWatch) -- The projected 9.3% national decline in home prices this year would be the sharpest drop since the National Association of Realtors started keeping records in 1968, the group's chief economist said ...
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