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
HONG KONG, Dec. 5, 2008 (Reuters) — Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S. employment data. ... > full story
NEW YORK, Dec. 4, 2008 (Reuters) — Merck & Co forecast 2009 earnings and revenue below Wall Street forecasts on Thursday, citing a harsh impact from the stronger dollar and continuing sluggish sales of several big medicines. ... > full story
LONDON, Dec. 4, 2008 (Reuters) — European shares rallied on Thursday after a record Swedish interest rate cut boosted expectations for aggressive moves from the euro zone and UK, while government bonds and the yen surged on economy concerns. ... > full story
AMSTERDAM, Dec. 4, 2008 (Reuters) — Philips Electronics said on Thursday it did not expect to meet its mid-term profit target as market conditions for its Consumer Lifestyle and parts of its Lighting units were deteriorating. ... > full story
LONDON, Dec. 3, 2008 (Reuters) — A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive interest rate cuts in Europe this week. ... > full story
HONG KONG, Dec. 2, 2008 (Reuters) — China Investment Corp, the sovereign wealth fund that has incurred steep paper losses on its stakes in U.S. financial firms, said on Wednesday it is "not brave enough" to invest in foreign financial firms and lacks confidence in the shifting U.S. financial regulatory situation. ... > full story
HOUSTON, Dec. 2, 2008 (Reuters) — Chevron Corp may sell refineries as it continues to focus its downstream business on Asia-Pacific markets, a company vice president said on Tuesday during a presentation to Wall Street analysts. ... > full story
DETROIT/LONDON, Dec. 2, 2008 (Reuters) — The auto industry was hammered again on Tuesday as U.S. monthly sales plunged nearly 37 percent to the lowest level since 1982 and the slump spread to Europe and Asia, forcing automakers to slash production. ... > full story
BOSTON, Dec. 2, 2008 (Reuters) — General Electric Co said on Tuesday it plans to scale back its hefty finance arm and repeated that it will pay its regular dividend next year, sending shares up 13.6 percent, their biggest one-day percentage gain in more than a quarter century. ... > full story
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Merck 2009 profit outlook misses estimates Dec. 4, 2008 (San Jose Mercury News) — Merck said Tuesday its profit will fall in 2009 due to restructuring costs, generic competition and slower sales of key products. . The Whitehouse ...
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Starpharma Holdings Dec. 3, 2008 (Australian Financial Review) — Starpharma Holdings has new data showing that SPL7013, the active ingredient in its topical microbicide VivaGel, inhibits all four strains of the ...
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