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sumib / Submitted

Wall Street Won't Surrender Bonuses Amid Outcry, Veterans Say

Posted by sumib 1306 days ago (http://www.bloomberg.com)
Category: Stocks | Tags: wall street
Wall Street's chief executives will hunker down and pay bonuses this year in the face of the worst financial crisis since the Great Depression, a ta[...] read more »
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Mazda profit drops 20 percent on yen, material costs

Posted by sumib 1306 days ago (http://www.reuters.com)
Category: Economy | Tags: mazda profit yen
Mazda Motor Corp (7261.T: Quote, Profile, Research, Stock Buzz) reported a 20 percent drop in quarterly operating profit on Thursday, hit by a strong[...] read more »
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OPEC Agrees to Cut Production Quotas as Price Slumps (Update2)

Posted by sumib 1312 days ago (http://www.bloomberg.com)
Category: Economy | Tags: oil price slump opec
The Organization of Petroleum Exporting Countries cut oil production targets for the first time in almost two years as the group battles to slow a co[...] read more »
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Stock markets fall across the globe

Posted by sumib 1312 days ago (http://www.miamiherald.com)
Category: Stocks | Tags: nasdaq fall stock market fall
U.S. stocks plunged after the opening bell on yet another frantic Friday that saw another bloodletting on stock exchanges across the planet, turmoil [...] read more »
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Chrysler to Cut 25% of Salaried and Contract Jobs

Posted by sumib 1312 days ago (http://www.nytimes.com)
Category: Economy | Tags: chrysler
Chrysler, which is in merger talks with its crosstown rival, General Motors, told its employees Friday that it would cut about 25 percent of its sala[...] read more »
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PNC Financial to Buy National City for $5.2 Billion (Update3)

Posted by sumib 1312 days ago (http://www.bloomberg.com)
Category: Stocks | Tags: pnc financial
PNC Financial Services Group Inc., Pennsylvania's biggest bank, plans to buy National City Corp. for about $5.2 billion in stock with funds from th[...] read more »
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U.S. Home Resales Rose in September to One-Year High (Update2)

Posted by sumib 1312 days ago (http://www.bloomberg.com)
Category: Economy | Tags: us home resales
Home resales in the U.S. rose more than forecast in September, aided by foreclosure-driven declines in prices that made properties more affordable. read more »
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Paulson Is Said to Plan Buying Stakes in Regional U.S. Banks

Posted by sumib 1312 days ago (http://www.bloomberg.com)
Category: Economy | Tags: henry paulson
Treasury Secretary Henry Paulson is preparing to take stakes in a number of regional U.S. banks as he seeks to halt the freeze of credit to businesse[...] read more »
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Microsoft profit up 2 percent, but outlook soft

Posted by sumib 1312 days ago (http://ap.google.com)
Category: Tech | Tags: microsoft profit up
Microsoft is still churning out big profits, but its decision to trim its sails shows that even the world's largest software maker is feeling the ef[...] read more »
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Samsung Net Falls 44% as Big Divisions Feel Pinch

Posted by sumib 1312 days ago (http://online.wsj.com)
Category: Stocks | Tags: samsung net profit falls
Samsung Electronics Co. said its third-quarter net profit fell 44% as its major divisions recorded smaller operating profits for the first time since[...] read more »
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BlackRock Profit Falls 15% as Investors Flee Selloff

Posted by sumib 1315 days ago (http://www.bloomberg.com)
Category: Economy | Tags: blackrock blackrock profit falls
BlackRock Inc., the biggest publicly traded U.S. asset manager, said third-quarter earnings fell 15 percent as investors unnerved by the financial cr[...] read more »
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Citic Pacific Shares Fall 55%;Chmn's Daughter Sanctioned

Posted by sumib 1315 days ago (http://money.cnn.com)
Category: Stocks | Tags: citic pacific shares
Citic Pacific Ltd. (0267.HK) lost 55% of its market value Tuesday after disclosing huge forex losses, then scrambled to repair the damage by punishin[...] read more »
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UAL posts smaller-than-expected loss

Posted by sumib 1315 days ago (http://www.reuters.com)
Category: Stocks | Tags: ual quarterly report
United Airlines parent UAL Corp (UAUA.O: Quote, Profile, Research, Stock Buzz) posted a quarterly loss due to July's record-high energy prices and a[...] read more »
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Material costs spark 6% drop in Caterpillar profit

Posted by sumib 1315 days ago (http://www.marketwatch.com)
Category: Commodities | Tags: caterpillar profit
Caterpillar Inc. said Tuesday that higher material costs led to a 6% drop in third-quarter profit despite record sales, but that didn't stop the hea[...] read more »
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Credit Suisse and UBS Get Funds

Posted by sumib 1320 days ago (http://www.nytimes.com)
Category: Economy | Tags: credit suisse ubs
As the financial crisis continued to roll through world markets despite massive bailouts, the two leading Swiss banks said Thursday that they had sec[...] read more »
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