Chrysler cash drains away as crisis deepens: sources (Reuters)

Reuters - Chrysler LLC is rapidly burning through cash and being driven to prepare for a possible break-up if it can’t clinch a merger with General Motors Corp or get government funding needed to ride out the economic crisis, people with knowledge of the situation said.

Qualcomm outlook misses as cell phone demand slows (Reuters)

Reuters - Qualcomm Inc forecast fiscal first-quarter and full-year earnings will be far below Wall Street estimates, indicating that the economic crisis could have a prolonged impact on cell phone demand.

Europe cuts rates as U.S. consumers hit by crisis (Reuters)

Reuters - Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the worst U.S. retail sales in decades and an IMF forecast for an economic contraction not seen since World War Two.

Retail sales worst in decades; holiday view cut (Reuters)

Reuters - Retail chains posted the worst October sales results in more than three decades as consumers cut spending sharply, stunned by a financial crisis that has derailed the U.S. economy.

Europe cuts rates; U.S. consumers hit by crisis (Reuters)

Reuters - Britain and Europe slashed interest rates on Thursday amid recession fears deepened by some of the worst U.S. retail sales in decades and an IMF forecast for an economic contraction not seen since World War Two.

Retail sales worst in decade; shoppers cut back (Reuters)

Reuters - Retail chains posted the worst monthly sales data in this decade as consumers stunned by a financial crisis that has derailed the U.S. economy cut spending sharply in October.

October retail sales disappoint as shoppers pull back (Reuters)

Reuters - Major retail chains posted disappointing October sales as consumers, stunned by a financial crisis that threatened to derail the U.S. economy, shunned all but the most crucial of purchases.

Toyota slashes forecasts as global crisis bites (Reuters)

Reuters - Japan’s Toyota Motor Corp (7203.T) more than halved its profit forecasts, saying annual net earnings will plunge to a 9-year low as a financial crisis batters demand for its cars, cuts access to credit and sends the yen higher.

Obama victory met with job losses, market mayhem (Reuters)

Reuters - Vanishing jobs and slumping markets confronted Barack Obama on the first day after his historic election as U.S. president, escalating pressure for urgent action to curb the world’s relentless financial crisis.

Obama victory met with calls for global action (Reuters)

Reuters - President-elect Barack Obama stepped into his new role on Wednesday facing calls for urgent action to stem the global financial crisis as he was hit with gloomy news about U.S. jobs.

Grim jobs, services data greet new president (Reuters)

Reuters - The private sector jobs market deteriorated rapidly in October while the service sector contracted sharply as the worst financial crisis in 80 years hammered the world’s largest economy.

U.S. elects Obama as world gripped by economic crisis (Reuters)

Reuters - Barack Obama’s convincing win in the U.S. presidential election ends a source of uncertainty for global investors but does not change the grim realities facing the world economy.

Fiscal boost needed to lift economy: Fed’s Fisher: (Reuters)

Reuters - The United States needs a new fiscal policy boost to complement aggressive steps taken by the Federal Reserve to shield the economy from a global credit crisis, one of its top policy-makers said on Tuesday.

Australia cuts rates as world recession gloom builds (Reuters)

Reuters - Australia cut interest rates more than expected on Tuesday, presaging likely cuts in Europe later this week in the face of evidence that the global financial crisis has already pushed much of the world into a recession.

GM’s U.S. sales plunge 45 percent in October (Reuters)

Reuters - General Motors Corp on Monday reported a whopping 45 percent slide in U.S. sales, blaming the steep decline on low consumer confidence stemming from the uncertainty over a deepening credit crisis.

Manufacturing crash adds to global gloom (Reuters)

Reuters - U.S. factory activity contracted sharply in October, falling to its lowest in 26 years as the financial crisis ravaged the world’s largest economy and its trading partners around the globe.

The U.S. Economic Crisis: Three Growth Scenarios


More rate cuts ahead (Reuters)

Reuters - South Korea pledged more cash on Monday to rev up its economy, and central banks in Europe and Australia looked set to cut rates again in a frantic battle to keep the financial crisis from shoving the world into its worst slump in decades.

South Korea unveils stimulus as markets eye more rate cuts (Reuters)

Reuters - South Korea unveiled an economic stimulus plan on Monday and markets geared for more interest rate cuts in Europe and Australia in a frantic campaign to keep the financial crisis from plunging the world into its worst recession in decades.

egX Canada Launch Postponed in Light of Global Financial Crisis

VANCOUVER, BRITISH COLUMBIA–(Marketwire - Oct. 31, 2008) - egX Group (TSX VENTURE:EGX) reports that in light of the current global financial market conditions and overall investor sentiment, the Company has put a temporary hold on its plans to proceed with the launch of egX Canada until market conditions stabilize.
The launch of egX Canada remains subject [...]

S.Korea unveils stimulus, more global rate cuts ahead (Reuters)

Reuters - South Korea unveiled an economic stimulus plan on Monday and markets geared for more interest rate cuts in Europe and Australia in a frantic campaign to keep the financial crisis from plunging the world into its worst recession in decades.

Ceres Global Ag Corp. Announces Results for the Six-Month Period and Fiscal Quarter Ended September 30, 2008

TORONTO, ONTARIO–(Marketwire - Oct. 31, 2008) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA
The management of Ceres Global Ag Corp. (”Ceres” or the “Corporation”) (TSX:CRP) is announcing its results for the six-month period and fiscal quarter ended September 30, 2008.
The public market portfolio performed poorly in [...]

Official Story: Chase Bank will be expanding, officials say

JPMorgan Chase Bank’s new Michigan president said Thursday that the bank remains committed to growing its business in Michigan, is not short of capital and continues to lend money.

SEK: Strengthened market position and improved results for SEK

STOCKHOLM, SWEDEN–(Marketwire - October 31, 2008) -

SEK’s role as a reliable partner for the Swedish export industry has
become all the more important as the financial crisis has deepened.
Demand for SEK’s financial solutions has increased strongly,
resulting in increased business volumes and strengthened market
position.

– Core Earnings for the first nine months of the year, after [...]

Averting the IT Energy Crunch