NEW YORK, Nov. 13, 2008 (Reuters) — Foreclosure activity in October rose 25 percent from a year earlier, although filings in California fell by double-digit percentage points for the second consecutive month due to a state law slowing the foreclosure process, according to a monthly report by RealtyTrac. ... > full story
HONG KONG, Nov. 13, 2008 (Reuters) — Top executives at some of the world's largest private equity firms gave a grim forecast on Thursday for the U.S. and global economies, although they expected Asia to recover from the downturn more quickly. ... > full story
SAN FRANCISCO, Nov. 13, 2008 (Reuters) — Retailers, already struggling to capture sales in the U.S. economic downturn, are now facing rising rates of returned merchandise that are not expected to abate during the holidays, according to a survey released on Wednesday. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — CB Richard Ellis Group Inc , the world's largest real estate services firm, said on Wednesday that it expected to realize about $180 million from a public offering of 50 million shares priced at $3.77 per share. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond. ... > full story
SAN FRANCISCO, Nov. 12, 2008 (Reuters) — Crocs Inc posted a deep quarterly loss on Wednesday as sales of its once-trendy, colorful plastic shoes plunged and it racked up high restructuring costs, sending its shares down 37 percent in extended trading. ... > full story
WASHINGTON, Nov. 12, 2008 (Reuters) — Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — The U.S. government's $700 billion bailout fund is unlikely to be enough, with the financial system needing more than $1 trillion to get through the crisis, two of Wall Street's top dealmakers said on Wednesday. ... > full story
SAN FRANCISCO, Nov. 12, 2008 (Reuters) — Applied Materials Inc , the No. 1 chip equipment maker, warned that profit in the current quarter would fall far short of Wall Street expectations due to the weakening global economy. ... > full story
LOS ANGELES, Nov. 12, 2008 (Reuters) — Yum Brands Inc will cut "several hundred" jobs as it sells company-owned KFC and Pizza Hut restaurants to franchisees and restructures its U.S. business, a spokesman for the fast-food chain said on Wednesday. ... > full story
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Charge follows road rage incident Nov. 12, 2008 (The Guardian, PEI) — Police say one man was left with facial injuries and another facing an assault charge following an incident of road rage in Charlottetown. Emotions ...
Fast-food outlet launches new product Nov. 11, 2008 (The Star, Malaysia) — Hot Rods, KFC Malaysia's latest product, is expected to boost the fast food operator's sales by 10% during a promotional period until Dec 31.. ...
Calif. city eyes zoning restrictions for fast-food restaurants Nov. 6, 2008 (Nation's Restaurant News) — R ( Oct. 6, 2008 ) With Stanislaus County residents among the fattest in the state, one city is turning to a new tool to help people slim down: ...
Fast food in China: Here comes a whopper Oct. 28, 2008 (Economist) — CHINA may boast a 5,000-year-old culinary tradition, but when it comes to fast food, Western-style outlets rule. For this you can thank-or ...
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