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US News - Business
US News - Business
Washington Post LSE 1H profit up but cancels share buyback13 November 2008
AP LONDON -- The London Stock Exchange PLC reported a 19 percent rise in net profit, but shares dropped almost 10 percent on Thursday after the company halted its 500 million pound ($746 million) share buyback program.... full story.
US News - Business
Bloomberg Wal-Mart Profit Increases After Grocery, Medicine Discounts13 November 2008
By Chris Burritt Nov. 13 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, said third-quarter profit rose after grocery and pharmacy discounts attracted customers from Target Corp.... full story.
US News - Business
Forbes Size Matters For Siemens13 November 2008
A prudent approach to future profits and large order backlog gave a boost to shares in Siemens on Thursday, after the German engineering conglomerate posted a $3.0 billion net loss for its fourth quarter but kept its outlook for this year and next.... full story.
US News - Business
CNNMoney.com 85000 homes lost to foreclosure in October13 November 2008
As government and industry scramble to reverse the tide of foreclosures, filings jumped 25% in October. By Catherine Clifford, CNNMoney.... full story.
US News - Business
Forbes Trust Me, Again13 November 2008
Right or wrong, Treasury Secretary Paulson's shifting strategies put his most valuable asset--his credibility--at risk. On Friday, Sept.... full story.
US News - Business
The Associated Press Foreclosure rates up 25 percent year-over-year13 November 2008
MIAMI (AP) - The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed.... full story.
US News - Business
Reuters UBS shares seen down 3 pct after exec indictment13 November 2008
ZURICH (Reuters) - Shares in UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) were expected to fall 3 percent at the open on Thursday after US authorities charged the Swiss bank's wealth management chief with conspiring to help wealthy Americans to ...... full story.
US News - Business
Bloomberg IEA Cuts Oil Demand Forecast Most in 12 Years as Economies Slow13 November 2008
By Grant Smith Nov. 13 (Bloomberg) -- The International Energy Agency, an adviser to 28 nations, cut its global oil demand forecast the most in 12 years as world economic growth deteriorates.... full story.
US News - Business
Bloomberg German Economy Enters Worst Recession in 12 Years (Update3)13 November 2008
By Gabi Thesing Nov. 13 (Bloomberg) -- The German economy, Europe's largest, contracted more than economists expected in the third quarter, pushing the nation into the worst recession in at least 12 years.... full story.
US News - Business
Bloomberg Asian Stocks Tumble, Extend Global Rout, on US Treasury Shift13 November 2008
By Chua Kong Ho and Kyung Bok Cho Nov. 13 (Bloomberg) -- Asian stocks fell, extending a global rout, as the US Treasury scrapped plans to buy mortgage assets, Commonwealth Bank of Australia said bad debts may double and China's industrial output missed ...... full story.