Member 5401


Holiday sales get off to slow start (Reuters)

30-11-2008 08h17
Reuters - The holiday shopping season got off to a slow start as consumers, squeezed by the economic crisis, bought carefully and said they would wait for better deals closer to Christmas.

General Motors eyes debt swap: report (Reuters)

29-11-2008 15h16
Reuters - General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan.

Stocks face dour jobs and retail data (Reuters)

29-11-2008 19h49
Reuters - Wall Street may struggle to build on its best week in almost 30 years next week, as investors grapple with a raft of economic data, including the November jobs report, that will likely provide more evidence of a deep economic downturn.

Asian economies stumble (Reuters)

30-11-2008 07h41
Reuters - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country's ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.

Rubin says not to blame for Citi's troubles: report (Reuters)

29-11-2008 15h16
Reuters - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal's website on Friday.

Slow London auctions suggest Russian art frenzy is over (AFP)

29-11-2008 04h58
AFP - A disappointing week of Russian art sales here appears to have marked the end of a frenzied buying spree by collectors from the former Soviet Union, whose fortunes have diminished with the stock markets.

Meltdown far from over, new mortgage crisis looms (AP)

28-11-2008 18h45
AP - Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market.

Mortgage rates fall for 2nd day; won't help all (AP)

27-11-2008 08h08
AP - Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year.

Online retailers ramp up deals to capture dollars (AP)

29-11-2008 02h19
AP - Online retailers are ramping up heavy-duty deals to turn skittish shoppers into buyers during the crucial Thanksgiving weekend and "Cyber Monday" — but even so, online sales are expected to be fairly flat after years of strong growth.
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