WASHINGTON, Dec. 4, 2008 (Reuters) — The number of U.S. workers collecting jobless benefits hit a 26-year high last month, data showed on Thursday, and it may head higher as a deepening economic slump forces a broad spectrum of firms to cut jobs. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Bally Total Fitness Holding Corp, which operates 347 health clubs serving more than 3.1 million customers, filed for bankruptcy protection for the second time in 17 months, and put itself up for sale. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Freeport-McMoRan Copper & Gold Inc suspended dividend payments, slashed its 2009 capital expenditure budget and lowered copper output on Wednesday due to a slump in metal prices and its shares fell 13 percent. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — U.S. crude oil stocks fell unexpectedly last week as imports dropped, while gasoline and distillate supplies also posted surprise falls as refiners cutting output, weekly government data on Wednesday showed. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — A measure of the service sector slumped further than expected to a record low in November, according to a report released on Wednesday. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Pilgrim's Pride Corp , which filed for bankruptcy on Monday, said on Wednesday that it had received interim court approval to access $365 million of $450 million in debtor-in-possession financing. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Goldman Sachs Group Inc is considering launching an Internet bank and has not ruled out acquiring consumer banks, people familiar with the situation said. ... > full story
NEW YORK, Dec. 3, 2008 (Reuters) — Private employers cut 250,000 jobs in November, the most in seven years, a report by a private employment service said on Wednesday. ... > full story
SAN FRANCISCO, Dec. 3, 2008 (Reuters) — Financial services company Citigroup Inc said on Wednesday it had teamed its customer loyalty program with global online retailer Amazon.com Inc in what an executive said was the largest-ever rewards program. ... > full story
LOS ANGELES, Dec. 3, 2008 (Reuters) — A leading consumer research firm slashed its 2008 holiday retail sales forecast to a 3.5 percent drop from last year on Wednesday, far worse than its previous call for a 1 percent decline. ... > full story
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Goldman Sachs mulling online bank, other funding options Dec. 3, 2008 (MarketWatch) — Goldman Sachs (GS:65.00,-0.76,-1.16%) is considering launching an online bank to help gather deposits and provide a new funding source following ...
Goldman hit by fears of a $2bn loss Dec. 3, 2008 (Hull & East Riding Mail, UK) — Shares in Goldman Sachs fell on Wall Street amid reports that the investment bank could report a loss of $2bn in the final quarter of this year.. ...
UPDATE 1-Hewlett-Packard to sell 5-yr notes-IFR Dec. 2, 2008 (Reuters, UK) — Hewlett-Packard (HPQ.N: Quote, Profile, Research) is expected to sell $2 billion of five-year notes later Tuesday via Bank of America Securities ...
TSMC, UMC looking to cut costs by 20%, says report Dec. 1, 2008 (EE Times) — TSMC and UMC, the world's two leading providers of foundry manufacturing services, are preparing to cut costs by up to 20 percent, according to a ...
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