World-News.com

Washington Post - LSE 1H profit up but cancels share buyback

Thu, 13 Nov 2008 11:32:05 +0000

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.

Bloomberg - Wal-Mart Profit Increases After Grocery, Medicine Discounts

Thu, 13 Nov 2008 11:23:05 +0000

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.

Forbes - Size Matters For Siemens

Thu, 13 Nov 2008 11:22:05 +0000

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.

CNNMoney.com - 85000 homes lost to foreclosure in October

Thu, 13 Nov 2008 11:14:04 +0000

As government and industry scramble to reverse the tide of foreclosures, filings jumped 25% in October. By Catherine Clifford, CNNMoney.

Forbes - Trust Me, Again

Thu, 13 Nov 2008 11:05:04 +0000

Right or wrong, Treasury Secretary Paulson's shifting strategies put his most valuable asset--his credibility--at risk. On Friday, Sept.

The Associated Press - Foreclosure rates up 25 percent year-over-year

Thu, 13 Nov 2008 10:56:37 +0000

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.

Reuters - UBS shares seen down 3 pct after exec indictment

Thu, 13 Nov 2008 10:54:05 +0000

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 ...

Bloomberg - IEA Cuts Oil Demand Forecast Most in 12 Years as Economies Slow

Thu, 13 Nov 2008 10:53:36 +0000

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.

Bloomberg - German Economy Enters Worst Recession in 12 Years (Update3)

Thu, 13 Nov 2008 10:53:33 +0000

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.

Bloomberg - Asian Stocks Tumble, Extend Global Rout, on US Treasury Shift

Thu, 13 Nov 2008 10:53:33 +0000

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 ...