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LG Display, Sharp, Chunghwa say guilty in LCD case

WASHINGTON, Nov. 12, 2008 (Reuters) — LG Display Co Ltd <034220.KS>, Sharp Corp <6753.T> and Chunghwa Picture Tubes Ltd have agreed to plead guilty and pay $585 million in fines for fixing prices of liquid crystal displays used in a wide variety of electronics, the U.S. Justice Department said on Wednesday. ...  > full story

GE says gets FDIC backing for $139 billion in debt

BOSTON, Nov. 12, 2008 (Reuters) — General Electric Co has secured the temporary backing of the Federal Deposit Insurance Corp for up to $139 billion of the debt of its finance arm, a spokesman said on Wednesday. ...  > full story

Google shares below $300 for first time since 2005

SAN FRANCISCO, Nov. 12, 2008 (Reuters) — Shares of Google Inc on Wednesday fell below $300 for the first time since late 2005 after analysts lowered their estimates on the Internet search giant, citing a weak advertising market. ...  > full story

Rally spurs corporate bond sales, but not for all

NEW YORK, Nov. 12, 2008 (Reuters) — U.S. corporate bonds are registering their first sustained gains since Lehman Brothers' bankruptcy, but the market's rally is offering little relief to many cash-strapped companies. ...  > full story

General Growth plunges on viability concerns

NEW YORK, Nov. 12, 2008 (Reuters) — General Growth Properties Inc shares fell 64 percent on Tuesday after the second-largest U.S. mall owner expressed doubts it could keep operating due to looming near-term debt. ...  > full story

Congress panel eyes $25 billion automaker loan bill

WASHINGTON, Nov. 12, 2008 (Reuters) — Massachusetts Democratic Rep. Barney Frank said his committee will hold a hearing next week to consider a bill to provide $25 billion in federal loans to U.S. auto manufacturers. ...  > full story

YouTube rolls out sponsored videos in revenue drive

NEW YORK, Nov. 12, 2008 (Reuters) — YouTube, the popular online video sharing site owned by Google, said on Wednesday it will roll out a new sponsored videos format, the latest step in its drive to grow revenues through advertising. ...  > full story

Web travel agencies feel pinch of weaker demand

CHICAGO, Nov. 12, 2008 (Reuters) — Online travel agencies are a traveler's best friend when budgets are tight, but the current economic crisis is so bad it has squelched a lot trips and clouded the outlook for companies that sell bookings. ...  > full story

U.S. 2008 oil demand to drop most since 1980: EIA

WASHINGTON, Nov. 12, 2008 (Reuters) — The weak U.S. economy will slash America's oil demand this year by 1.1 million barrels per day, or 5.4 percent, the first time annual oil consumption will fall by more than 1 million bpd since 1980, the federal Energy information Administration said on Wednesday. ...  > full story

Fed's Kohn: May need more steps to soothe markets

LUXEMBOURG, Nov. 12, 2008 (Reuters) — The Federal Reserve is prepared to take additional steps to stabilize malfunctioning financial markets and support a faltering U.S. economy, Fed Vice Chairman Donald Kohn said on Wednesday. ...  > full story
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Related Articles

  • GE says gets FDIC backing for $139 billion in debt
    Nov. 12, 2008 (Boston Globe) — General Electric Co GE. N has secured the temporary backing of the Federal Deposit Insurance Corp for up to $139 billion of the debt of its finance ...
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    Nov. 12, 2008 (Dubuque Telegraph-Herald, Iowa) — In a financial world in disarray, one local financial company is relishing simply being placed on the right index.. . Heartland Financial USA Inc ...
  • Bonds Away
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  • Sector Glance: Most Web Travel Cos. Gain
    Nov. 13, 2007 (Conde Nast Portfolio) — Shares of online travel companies traded mostly higher Tuesday, with Orbitz Worldwide Inc. jumping after the company reported its adjusted ...

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