BUSINESS NEWS

Friday, December 5, 2008 Subscribe   Print   Email   Bookmark

Company Activities and Information

1 to 10 of 282 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

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

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

Honda quits Formula One

FRANKFURT/TOKYO, Dec. 5, 2008 (Reuters) — Global sales at BMW, the world's top premium carmaker, plunged by a quarter in November, and Honda backed out of Formula One racing on Friday as the economic downturn exacted a mounting toll on automakers. ...  > 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

Understanding but no consensus on auto bailout

WASHINGTON, Dec. 5, 2008 (Reuters) — There is broad understanding of distress but no consensus yet in Congress to rescue U.S. automakers as industry chiefs hope on Friday to advance their case in a second appearance before lawmakers in two days. ...  > full story

GM, Chrysler say could reconsider merger

DETROIT, Dec. 4, 2008 (Reuters) — General Motors Corp and Chrysler LLC said on Thursday they would be open to a merger if the U.S. government mandated it as a condition for providing the emergency financing they say is needed to allow them to survive into 2009. ...  > full story

AMD sees fourth-quarter revenue shortfall

SAN FRANCISCO, Dec. 4, 2008 (Reuters) — Chipmaker Advanced Micro Devices on Thursday warned fourth-quarter revenue would be much weaker than expected due to widespread weakness, and particularly among consumers. ...  > full story

Bally motions granted, in sale talks

NEW YORK, Dec. 4, 2008 (Reuters) — U.S. health-club operator Bally Total Fitness Holding Corp received on Thursday interim bankruptcy court approval to pay employee wages and access cash, until another hearing is held on Tuesday. ...  > full story

Williams-Sonoma loss smaller than expected

ATLANTA, Dec. 4, 2008 (Reuters) — Home-goods retailer Williams-Sonoma Inc reported a smaller-than-expected quarterly loss on Thursday and said it amended a $300 million credit line providing for more relaxed covenants, sending its shares up 10 percent. ...  > 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

  • Employers cut 533k jobs in Nov., most since 1974
    Dec. 5, 2008 (KCSJ-AM 590, Southern Colorado) — November's job losses were the steepest since December 1974, when 602,000 jobs were shed, and were much worse than forecast by analysts polled by ...
  • US shed 533,00 jobs in Nov
    Dec. 5, 2008 (The Straits Times, Singapore) — US EMPLOYERS axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data on Friday showed, as the ...
  • Taxpayers Take Early Hit In Bailout Gamble
    Dec. 5, 2008 (CBS News) — Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - ...
  • 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