Archive for November, 2008
Sunday, November 30th, 2008
NEW YORK (Reuters) - Consumers made repeat trips to U.S. stores to seek bargains as holiday shopping kicked off this weekend, but an early rush is unlikely to save what is shaping up to be a bleak sales season, analysts said on Sunday.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
PARIS (Reuters) - As recession extends its tentacles across the globe, it is getting hard just to track the hundreds of billions of dollars governments are throwing or promising to throw at the problem.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
WASHINGTON (Reuters) - The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said on Sunday.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
LONDON (Reuters) - A report in the Sunday Times that Microsoft Inc is in talks with Yahoo Inc to buy the U.S. internet company's online search business for $20 billion is "total fiction," according to a key executive cited by an influential U.S. blog.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
NEW YORK (Reuters) - Wall Street may struggle this week to build on its best weekly performance in almost 30 years 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.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
LONDON (Reuters) - If markets are forward looking, investors might find themselves tempted to buy stocks and other risky assets just as major economies, most of them already in recession, deteriorate further.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
The US holiday shopping season gets off to an encouraging start, with sales on the day after Thanksgiving up 3% on last year.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
LONDON (Reuters) - Deloitte LLP, the administrator of the retail and distribution businesses of British retailer Woolworths Group Plc , has received dozens of inquiries from companies and individuals for parts of the business, according to newspaper reports on Sunday.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
China's President Hu Jintao warns that the global financial crisis could weaken his country's competitiveness.
Posted in World Business | Comments Off
Sunday, November 30th, 2008
Dragons' Den entrepreneur Theo Paphitis is among potential bidders for collapsed High Street chain Woolworths, reports say.
Posted in World Business | Comments Off