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Starbucks profit, outlook disappoint, shares fall

LOS ANGELES, Nov. 10, 2008 (Reuters) — Starbucks Corp's cut its plans for new international coffee shops and effectively lowered its 2009 forecast after posting a steeper-than-expected decline in fourth-quarter profit. ...  > full story

J&J, Merck recall Mylicon infant anti-gas drops

CHICAGO, Nov. 10, 2008 (Reuters) — Johnson & Johnson and Merck & Co said on Monday it is recalling about 12,000 bottles of Mylicon infant anti-gas drops in the dye-free variety because they may contain metal fragments. ...  > full story

J&J to recall gas relief dye free drops

Nov. 10, 2008 (Reuters) — Johnson & Johnson Merck Consumer Pharmaceuticals Company announced on Monday an urgent voluntary nationwide recall of infants' Mylicon (R) gas relief dye free drops (simethicone-antigas) non-staining due to possible metal fragments. ...  > full story

Tribune posts quarterly loss, revenue falls

NEW YORK, Nov. 10, 2008 (Reuters) — Tribune Co, the U.S. newspaper publisher and broadcaster trying to pay off billions of dollars in debt, reported a loss from continuing operations and a 10 percent revenue drop on Monday as advertising sales fell. ...  > full story

GM to cut production, idle 5,500 hourly employees

CHICAGO, Nov. 10, 2008 (Reuters) — General Motors Corp said on Monday it will cut production in North America due to declining demand through the first quarter of 2009. Highlights: ...  > full story

UBS turns over 70 client names to U.S. government: paper

ZURICH, Nov. 10, 2008 (Reuters) — UBS AG, the world's largest bank to the rich, has passed on information about 70 clients to U.S. authorities investigating tax evasion, a move that may undermine Switzerland's prized bank secrecy, the Washington Post reported. ...  > full story

Rescue plans may slow pricing of troubled assets

NEW YORK, Nov. 10, 2008 (Reuters) — The government's emergency investments in the financial sector may actually slow the day of reckoning for mortgage losses, a panel of bankers said on Monday. ...  > full story

Global losses from crisis to reach $1.4 trillion: Goldman

NEW YORK, Nov. 10, 2008 (Reuters) — Worldwide losses from the credit crisis will total $1.4 trillion, of which only $800 billion have been realized so far, Goldman Sachs U.S. chief economist Jan Hatzis said on Monday. ...  > full story

McDonald's October sales beat Street; dollar weighs

LOS ANGELES, Nov. 10, 2008 (Reuters) — McDonald's Corp on Monday said global sales at its fast-food restaurants open at least 13 months rose 8.2 percent in October, topping analysts' targets and sending its shares up more than 2 percent. ...  > full story

Tyson Foods says may post first quarter loss

CHICAGO, Nov. 10, 2008 (Reuters) — U.S. meat producer Tyson Foods Inc said it may post a loss in the current quarter, which ends in December, largely due to significant losses in its chicken unit. ...  > full story
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