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| Business Headlines |
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| Merrill to cut 500 trading jobs: report
(Reuters)
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| Reuters - Merrill Lynch & Co Inc, which last month accepted a takeover offer from Bank of America Corp, is set to cut about 500 jobs in its trading divisions, Bloomberg News reported on Monday, citing unidentified sources.
-- read full article |
| Mon, 20 Oct 2008 22:12:49 GMT - Yahoo! News: Business |
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| American Express profit falls, but beats estimates
(Reuters)
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| Reuters - American Express Co said on Monday third quarter earnings fell more than 20 percent as it set aside more money to cover growing losses in its credit card business, but operating earnings beat analysts' estimates and there was a sigh of relief from investors as results were not as bad as some had expected.
-- read full article |
| Mon, 20 Oct 2008 23:38:25 GMT - Yahoo! News: Business |
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| Bernanke warms to second stimulus plan
(Reuters)
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| Reuters - Federal Reserve Chairman Ben Bernanke told Congress on Monday that another wave of government spending may be needed as the economy limps through what could be an extended period of subpar growth.
-- read full article |
| Tue, 21 Oct 2008 05:33:15 GMT - Yahoo! News: Business |
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| RIM shares drop after broker report on sales
(Reuters)
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| Reuters - Research In Motion shares dropped as much as 10 percent on Monday after a brokerage report said that retail sales trends for BlackBerry smartphones in North America and Western Europe have been "slightly disappointing".
-- read full article |
| Mon, 20 Oct 2008 18:44:02 GMT - Yahoo! News: Business |
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| U.S., Europe eye stimulus plans
(Reuters)
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| Reuters - Interbank lending emerged from deep freeze, and European and U.S. officials moved closer to infusing their economies with new stimulus packages on Monday, providing hope the world's financial crisis may be easing.
-- read full article |
| Mon, 20 Oct 2008 18:25:17 GMT - Yahoo! News: Business |
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| Gulf stocks mixed amid volatile trading
(AFP)
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| AFP - Stock markets in the energy-rich Gulf ended mixed on Sunday amid volatile trading as investors appeared to be taking a wait and see approach as global markets were closed for the weekend.
-- read full article |
| Sun, 19 Oct 2008 15:01:45 GMT - Yahoo! News: Business |
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| GM eyes Chrysler cash, talks progressing: sources
(Reuters)
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| Reuters - General Motors Corp is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of debt markets and its own revenues are tumbling, sources said.
-- read full article |
| Mon, 20 Oct 2008 07:39:51 GMT - Yahoo! News: Business |
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