BUSINESS NEWS

Friday, December 5, 2008 Subscribe   Print   Email   Bookmark

Business

1 to 10 of 632 stories over past 30 days    view more

Hartford soars on higher outlook, strong capital

NEW YORK, Dec. 5, 2008 (Reuters) — Hartford Financial Services Group Inc raised its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration in equity markets, sending its shares up as much as 52 percent. ...  > full story

GM cuts shifts and output at three car plants

DETROIT, Dec. 5, 2008 (Reuters) — General Motors Corp said on Friday it was cutting shifts at three North American assembly plants in response to declining demand in a move that will lay off almost 2,000 union-represented factory workers. ...  > full story

Late mortgage payments and foreclosures hit record

NEW YORK, Dec. 5, 2008 (Reuters) — Late mortgage payments and the rate of home loans in foreclosure rose to record highs in the third quarter, threatening to escalate as the recession erases jobs and further strains homeowners, the Mortgage Bankers Association said on Friday. ...  > full story

U.S. job losses worst since 1974 as downturn deepens

WASHINGTON, Dec. 5, 2008 (Reuters) — U.S. employers axed payrolls by 533,000 jobs in November, the most in 34 years and far more than expected, government data on Friday showed, as the year-old recession hammered every corner of the U.S. economy. ...  > full story

China, U.S. pledge cooperation after "robust" talks

BEIJING, Dec. 5, 2008 (Reuters) — China and the United States pledged on Friday to boost efforts to tackle the turmoil engulfing global markets and to continue high-level cooperation when President-elect Barack Obama takes office. ...  > full story

Pimco says jobs point to dismal Q4

NEW YORK, Dec. 5, 2008 (Reuters) — Mohamed El-Erian, the chief executive of bond giant Pacific Investment Management Co., or Pimco, said the 533,000 drop in U.S. non-farm payrolls in November points to a contraction of gross domestic product of 4 or 5 percent in the fourth quarter. ...  > full story

Bank Julius Baer CEO dies unexpectedly

ZURICH, Dec. 5, 2008 (Reuters) — Alex Widmer, the chief executive of Bank Julius Baer and a well respected figure in Swiss private banking, has died unexpectedly at the age of 52, the bank said. ...  > full story

Merrill shareholders OK Bank of America takeover

NEW YORK, Dec. 5, 2008 (Reuters) — Shareholders of Merrill Lynch & Co on Friday voted to approve the company's acquisition by Bank of America Corp , Merrill said. ...  > full story

Treasury says bank rescue a success so far

WASHINGTON, Dec. 5, 2008 (Reuters) — The Treasury's program to give banks billions of dollars in fresh capital has been a success in helping stabilize financial markets, a senior Treasury official said on Friday. ...  > full story

"Number of headwinds" to hurt EPS of insurance brokers: JPM

Dec. 5, 2008 (Reuters) — A number of headwinds will dampen earnings per share prospects for U.S. insurance brokers unless an improvement in insurance pricing takes place, an analyst at J.P. Morgan Securities said. ...  > full story
Copyright Reuters 2008. See Restrictions for more details.

Search NewsDaily

Number of stories in archives: 2,855
Find with keyword(s):
 
Enter a keyword or phrase to find the latest news stories,
plus related articles, videos, blog posts, and podcasts.

 

Jump to Page:  <<  1  2  3  4  5  >>

NEWS FROM THE NET

Related Articles

  • Citadel's Losses Add to Mr. Griffin's Pain
    Dec. 5, 2008 (Wall Street Journal) — Kenneth Griffin's bad year just got a lot worse, making it even more difficult for him to collect the big fees that made him one of the country's ...
  • Police investigate BofA manager's kidnapping
    Dec. 5, 2008 (Charlotte Observer) — DURHAM Police are searching for two men and a woman who kidnapped a Bank of America branch manager Thursday morning and took him to his bank in ...
  • Connie Bugbee
    Dec. 5, 2008 (San Francisco Business Times) — Bank of America Corp.'s money-market funds - touted as safe havens for investors - have turned into a major headache for the big bank.. . The ...
  • Loan Modifications: BofA Gets Taken to Court
    Dec. 5, 2008 (SeekingAlpha) — Here is a tale of what lies ahead for the mortgage and banking industries. The issue of litigation over the modification of loans is going to clog ...

Related Audio

Related Video

Related Blogs

Subscribe to our free RSS newsfeeds using your favorite reader or browser:
close
Post this page to your favorite social bookmarking site:
close
Include this item in your blog or web site:
close
Email this page's link to a friend or colleague:
close