NEW YORK, Dec. 2, 2008 (Reuters) — Staples Inc posted a quarterly profit that edged past analysts' expectations and announced an improved cost-savings outlook on Tuesday, sending its shares up nearly 6 percent. ... > full story
ATLANTA, Dec. 2, 2008 (Reuters) — Sears Holdings Corp reported a wider-than-expected quarterly loss on Tuesday as the weak economy hurt sales, but announced that it was closing underperforming stores and its shares rose 16 percent. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Goldman Sachs Group Inc shares fell Tuesday on speculation the bank's fourth-quarter loss could be much larger than expected -- more than $2.5 billion -- fueled by the plunging value of many Goldman investments. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Insurer UnitedHealth Group Inc said on Tuesday it expects enrollment in its commercial health plans for employers to drop by as many as 1.5 million members next year as it holds fast on pricing and grapples with the weak economy. ... > full story
LONDON, Dec. 2, 2008 (Reuters) — The car industry reeled from another day of grim headlines on Tuesday, with further news of production cuts and tumbling vehicle sales in Europe, Asia and Africa. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Beazer Homes USA posted a wider quarterly loss on Tuesday, citing a further deterioration of the U.S. housing market due to lower consumer confidence levels and reduced access to mortgage financing. ... > full story
ZURICH, Dec. 2, 2008 (Reuters) — European bank heavyweights Credit Suisse AG and HSBC Holdings Plc are axing hundreds of jobs in Britain as the biggest financial crisis since the Great Depression bites. ... > full story
BARCELONA, Dec. 2, 2008 (Reuters) — Nokia Oyj, the world's largest mobile phone maker, unveiled its flagship N97 model smartphone on Tuesday, which drew a lukewarm response from analysts. ... > full story
NEW YORK, Dec. 2, 2008 (Reuters) — Boeing Co's second-largest union voted on Monday to approve the company's four-year contract offer, avoiding a second damaging strike at the plane maker's Seattle-area plants. ... > full story
TOKYO, Dec. 2, 2008 (Reuters) — Toyota Motor Corp <7203.T> said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan. ... > full story
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Retail Stocks: Staples gains in mixed retail sector Dec. 2, 2008 (MarketWatch) — The S&P Retail Index ($RLX:243.30,+4.96,+2.08%) fell 1% to 236.01. Staples (SPLS:16.62,+1.50,+9.92%) shares rose 5% to $15.88. The largest U.S ...
Private equity gets easier ride in Europe Dec. 2, 2008 (ThisIsMoney.co.uk) — European banks are more prepared to waive conditions on loans to private equity-owned firms than their American rivals as they seek to avoid ...
UnitedHealth gives rosier 2009 revenue forecast Dec. 1, 2008 (Business Insurance) — UnitedHealth Group Inc. raised the lower end of its 2009 revenue forecast on Monday, although it maintained its profit outlook for next year ...
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