MIAMI, Nov. 12, 2008 (Reuters) — A top executive of Swiss bank UBS AG has been charged with conspiring to help wealthy American clients hide $20 billion of assets from U.S. tax authorities. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Anheuser-Busch Cos Inc shareholders on Wednesday approved a proposed $52 billion takeover by Belgian rival InBev NV . ... > full story
CHICAGO, Nov. 12, 2008 (Reuters) — U.S. airline shares were down sharply on Wednesday, with US Airways Group and United Airlines parent UAL Corp posting the largest percentage declines, on concerns about weak travel demand. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Morgan Stanley plans to cut 10 percent of staff in its institutional securities unit and 9 percent in asset management, it said on Wednesday, as it copes with a deteriorating economy, disrupted capital markets and falling asset values. ... > full story
NEW YORK/LONDON, Nov. 12, 2008 (Reuters) — Thomson Reuters Corp reported stronger-than-expected quarterly results as gains in its professional division more than offset slowing growth in the business that serves financial institutions, sending its shares up as much as 5.5 percent. ... > full story
WASHINGTON, Nov. 12, 2008 (Reuters) — Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match private funds. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Credit losses from the financial crisis may exceed even dire estimates of $1.4 trillion, or more than 10 percent of U.S. economic output, according to the chief strategist of research firm CreditSights. ... > full story
LONDON, Nov. 12, 2008 (Reuters) — British interest rates will probably fall further, the Bank of England signaled on Wednesday, with the economy already sliding into recession and unemployment recording its biggest jump since 1992. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Macy's Inc reported a quarterly loss on Wednesday as shoppers curbed trips to the mall and avoided all but the most crucial of purchases as the economic crisis deepens, but the department store operator beat Wall Street estimates, sending its shares up 3 percent. ... > full story
NEW YORK, Nov. 12, 2008 (Reuters) — Chinese solar cell maker JA Solar Holdings Co Ltd said on Wednesday the global economic slump had triggered a "panic" in the solar market, prompting it to slash its sales forecasts and sending its shares down more than 25 percent. ... > full story
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Macy's Swings to Loss, to Slash Spending Nov. 12, 2008 (SmartMoney) — Macy's Inc. (M) swung to a fiscal third-quarter loss as revenue slid and same-store sales continued to decline, though profit margins edged higher ...
Macy's swings to a loss and cuts capital spending Nov. 12, 2008 (MarketWatch) — Department store operator Macy's Inc. (M:9.39,-0.55,-5.53%) on Wednesday swung to a third-quarter loss of $44 million, or 10 cents a share, from a ...
Marin Institute Opposes InBev Takeover of Anheuser-Busch Nov. 12, 2008 (MSN Money) — Attends Shareholder Meeting in New Jersey. . . . , Nov. 12 /PRNewswire-USNewswire/ -- In Secaucus New Jersey today, Marin Institute attended what ...
Making Cents in Penny Stocks Nov. 11, 2008 (Motley Fool) — The occasional shower of pennies from heaven might do our bank accounts some good, but we Fools can't say the same for penny stocks. The world of ...
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