Stocks tanked Friday, extending the miserable start to 2008, after American Express's profit warning and Merrill Lynch's potential $15 billion writedown revived fears that the economy is heading into recession.
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Business and financial news - CNNMoney.com | 12 Jan 2008 | 2:56 pm
Read full story for latest details.
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Business and financial news - CNNMoney.com | 12 Jan 2008 | 2:53 pm
America's biggest car show kicks off Sunday. Here's a preview of what will be turning heads.
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Business and financial news - CNNMoney.com | 12 Jan 2008 | 2:50 pm
Ron Sandler, the former head of insurance market Lloyd's of London, will become executive chairman of Northern Rock if the troubled mortgage lender is nationalised.
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Telegraph Business | 12 Jan 2008 | 1:01 pm
AP - The faltering economy has caught the Iraq war as people's top worry, a national poll suggests, with the rapid turnabout already showing up on the presidential campaign trail and in maneuvering between President Bush and Congress.
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Yahoo! News: Business | 12 Jan 2008 | 12:26 pm
The Treasury recruits a senior City figure to be Northern Rock boss should the bank be nationalised.
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BBC News | Business | World Edition | 12 Jan 2008 | 12:00 pm
NEW YORK (Reuters) - New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from subprime loan-linked investments, The New York Times reported on Saturday.
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Reuters: Business News | 12 Jan 2008 | 8:01 am
Reuters - A large Lockheed Martin
contract to build a fleet of helicopters for the president
could be in trouble, the Wall Street Journal said on Friday,
citing people familiar with the situation.
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Yahoo! News: Business | 12 Jan 2008 | 3:57 am
NEW YORK (Reuters) - A large Lockheed Martin contract to build a fleet of helicopters for the president could be in trouble, the Wall Street Journal said on Friday, citing people familiar with the situation.
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Reuters: Business News | 12 Jan 2008 | 3:57 am
NEW YORK (Reuters) - Saudi Arabian Prince Alwaleed bin Talal, Citigroup's largest individual shareholder, will inject new cash as the largest U.S. bank grapples with heavy mortgage market losses, the Wall Street Journal reported on its Web site on Friday.
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Reuters: Business News | 12 Jan 2008 | 3:27 am
DETROIT (Reuters) - Ford Motor Co's revamped F-150 full-size pickup truck that will debut at the Detroit Auto Show will be towing some unusually heavy baggage -- the U.S. automaker's future.
Source:
Reuters: Business News | 12 Jan 2008 | 2:30 am
Reuters - Stocks fell sharply on Friday, capping
a third consecutive weekly decline, on a warning by American
Express Co of mounting credit-card defaults and a
slowdown in consumer spending.
Source:
Yahoo! News: Business | 12 Jan 2008 | 2:12 am
NEW YORK (Reuters) - Stocks fell sharply on Friday, capping a third consecutive weekly decline, on a warning by American Express Co of mounting credit-card defaults and a slowdown in consumer spending.
Source:
Reuters: Business News | 12 Jan 2008 | 2:11 am
Insurance premiums have tumbled by up to 20pc, one of the largest insurers in Lloyd's of London has warned.
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Telegraph Business | 12 Jan 2008 | 1:01 am
Housebuilder Bovis Homes has warned that the property market will not pick up in time for the key spring sales period without a series of interest rate cuts.
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Telegraph Business | 12 Jan 2008 | 1:01 am
We are five months into the credit crunch. The day it all began, August 9 last year, will be etched on the memory of Adam Applegarth, the former chief executive of Northern Rock, for the rest of his life. Next week shareholders in Northern Rock will gather for the first time since the debacle, at what will no doubt be a spiky affair. But as we stagger to an outcome for the lender (nationalisation still looks the most likely bet) we have to look to the future and ask what the key lessons are.
Source:
Telegraph Business | 12 Jan 2008 | 1:01 am
Engine maker Rolls-Royce is shedding 2,300 jobs - almost 6pc of its workforce - as it struggles to cope with the weak dollar and rising raw material costs.
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Telegraph Business | 12 Jan 2008 | 1:01 am
Eric Baker is one of a wave of American entrepreneurs who have landed on British shores in the past few years with the aim of legitimising the ticket touting business and making a few million in the process.
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Telegraph Business | 12 Jan 2008 | 1:01 am
US Group Kaplan is set to buy Hawksmere, a company that has trained many of the City's lawyers and accountants, for an estimated £15m.
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Telegraph Business | 12 Jan 2008 | 1:01 am
The Government has all but ruled out a commercial rescue for Northern Rock after conceding that funding for a deal cannot be found.
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Telegraph Business | 12 Jan 2008 | 1:01 am
Usana Health Sciences (USNA), a nutritional and skin care products company, said the SEC will not take any action against the company. A group had...
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
While the payday loan segment has come under fire from critics who equate the business with loan sharking, they've never been more popular with...
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
Tiffany warns after sales slump
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
If Express Scripts was disappointed its bid for Caremark failed, it's been crying all the way to the bank.
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
Financial services vendors sadly are waving goodbye to 2007 as they brace for an uncertain 2008.
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
Tech devices respond to gestures
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Investor's Business Daily: BUSINESS | 12 Jan 2008 | 12:45 am
Reuters - Saudi Arabian Prince Alwaleed bin
Talal, Citigroup's largest individual shareholder, will
inject new cash as the largest U.S. bank grapples with heavy
mortgage market losses, the Wall Street Journal reported on its
Web site on Friday.
Source:
Yahoo! News: Business | 12 Jan 2008 | 12:09 am
The pound dips to an all-time low against the euro, as the UK's economic outlook darkens, before later rising.
Source:
BBC News | Business | World Edition | 12 Jan 2008 | 12:02 am
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