Archive for November 17th, 2008

UPDATE 1-MEMC Electronics cuts Q4 outlook

Monday, November 17th, 2008
Nov 17 (Reuters) - Silicon wafers maker MEMC Electronic Materials Inc (WFR.N: Quote, Profile, Research, Stock Buzz) cut its fourth-quarter revenue outlook, citing weak semiconductor and solar markets.
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Bank of America to Double China Construction Stake (Update1)

Monday, November 17th, 2008
By David Mildenberg Nov. 17 (Bloomberg) -- Bank of America Corp. will almost double its three-year-old stake in China Construction Bank Corp.
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Congress, White House race clock on automaker rescue

Monday, November 17th, 2008
By John Crawley WASHINGTON (Reuters) - The White House and congressional Democrats launched a post-election showdown on Monday over how to rescue US automakers with millions of jobs, more than a century of iconic brands, and potentially economic ...
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First Horizon Receives US Treasury Funds to Build Capital, Aid Lending

Monday, November 17th, 2008
, , ) announced today that it is among the most recent group of financial institutions that have received funds disbursements from the US Treasury Department through its Capital Purchase Program, a voluntary initiative to aid the US economy by ...
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Officials charge Mark Cuban with insider trading

Monday, November 17th, 2008
By Rachelle Younglai and Robert MacMillan WASHINGTON/NEW YORK (Reuters) - Mark Cuban, owner of the Dallas Mavericks professional basketball team, was charged with insider trading in shares of Mamma.
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Putnam revamps stock funds business

Monday, November 17th, 2008
By Sam Mamudi, MarketWatch NEW YORK (MarketWatch) -- Putnam Investments on Monday said it is overhauling the way it manages its stock portfolios in an effort to reverse an outflow of investor assets.
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NBA club owner Cuban charged with insider trading (AFP)

Monday, November 17th, 2008
AFP - Mark Cuban, the controversial owner of the National Basketball Association's Dallas Mavericks, denied insider trading charges that were filed Monday by the Securities and Exchange Commission (SEC).
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Auto bailout: Showdown

Monday, November 17th, 2008
Should Congress bail out the Big Three? Here's what lawmakers are considering and what's at stake. By Chris Isidore, CNNMoney.
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Putnam Cuts 12 Money Managers as Assets Sink 39% (Update2)

Monday, November 17th, 2008
By Frederic Tomesco Nov. 17 (Bloomberg) -- Putnam Investments fired 12 money managers after assets fell 39 percent in the past year, joining Fidelity Investments and Janus Capital Group Inc. in contracting amid the steepest stock-market losses since ...
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Top Executives at UBS Will Not Get Bonuses

Monday, November 17th, 2008
By BEN WHITE and DAVID JOLLY UBS, the Swiss banking giant, on Monday joined Goldman Sachs in saying that its top executives would get no bonus this year as public scrutiny of bankers’ compensation intensified under bailout plans by governments.
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