#1 Fresh Live Leads : EST 2006
Reuters - Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks.
Reuters - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record.
Reuters - All options were on the table on Wednesday as congressional committees scrutinized auto company restructuring proposals and an urgent appeal for $34 billion in aid ahead of make-or-break hearings.
Reuters - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama’s transition team about the idea, an Obama aide said on Wednesday.
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Reuters - Stocks snapped back on Tuesday after a pledge by General Electric , a global bellwether, to leave its dividend intact in a fragile economy sparked optimism.
Reuters - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.
Reuters - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.
Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.
Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures.
Reuters - Asian equities slid on Tuesday after signs of a deepening global economic slump slammed stocks worldwide the previous day, driving benchmark U.S. Treasury yields to their lowest since the 1950s.
Reuters - Australia slashed interest rates and the Bank of Japan moved to ease an acute cash crunch for companies, kicking off another round of global central bank action to soothe markets and shore up crumbling economies.
Reuters - The U.S. government should provide a federal guaranty to meet American International Group Inc’s counterparty collateral requirements, the insurer’s former Chief Executive Maurice Greenberg said.
Reuters - Toyota Motor Corp (7203.T) said on Tuesday it will cut management bonuses by 10 percent as the global economic slowdown bites hard and prompts it to reduce production further in Japan.
BEVERLY HILLS, CA–(Marketwire - December 1, 2008) - Salon City, Inc. (OTCBB: SLON) announced
today that the effective date of its pending 1-for-100 reverse stock split
has been postponed until the open of business on Tuesday, December 2, 2008.
The Company had previously announced that its reverse stock split would
become effective on December 1st.
Regarding this brief postponement, [...]
MONTREAL, QUEBEC–(Marketwire - Dec. 1, 2008) - Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) will report its fiscal 2008 fourth quarter and full year results on Thursday, December 11, 2008. A press release will be issued before market open and a conference call is scheduled for that same day at 8:30 a.m. EST to discuss the Company’s results [...]
Reuters - Stocks tumbled on Monday as signs of a deepening economic slump around the world erased much of last week’s sharp gains, with banks and retailers among Wall Street’s biggest casualties.
Reuters - JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc , which on September 25 became the largest U.S. bank to fail.
Reuters - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.
Reuters - U.S. automakers led by General Motors Corp on Monday rushed to finish restructuring plans demanded by Congress before lawmakers reopen the debate this week on the $25 billion in emergency funding the industry says it needs to survive.
Reuters - Tata Steel unit Corus has applied for Dutch government financial aid to temporarily reduce the work hours of 4,600 workers to cope with the global economic slowdown, Dutch news agency ANP reported on Monday.
Reuters - Stocks extended losses on Monday as a report showing further contraction in a gauge of manufacturing activity added to worries about the deepening world economic slump.
Reuters - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they [...]
Reuters - European and Chinese industry activity slumped in November, Japanese officials said their economy was slowing rapidly and euro zone finance ministers gathered on Monday to discuss plans to curb recession.
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