Archive for November 14th, 2008
4 insurers seek thrift status, gaining bailout access
Four insurance companies applied Friday to become thrift holding companies and acquire savings and loans, which opens the door for them to seek bailout funds.
Buffett’s Berkshire hikes ConocoPhillips stake
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Dismal end to stocks’ week
Stocks slumped Friday, with investors abandoning a recovery attempt, as the worst retail sales on record ignited fears of a long recession.
Dollar rises as Europe falters
The dollar climbed against the 15-nation euro and the British pound Friday, as fears of a major economic recession were rekindled by a dismal U.S. retail sales report and announcement of a euro-zone recession.
Fidelity adds 1,700 to job cuts
Mutual fund manager Fidelity Investments said Friday that it will cut 1,700 more jobs in the first three months of 2009 in the latest round of cost cutting.
Boeing, engineers reach agreement
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Mayors seek bailout funding
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Ford to offer employee pricing
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Amtrak CEO resigns
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Wal-Mart’s Black Friday deals: High tech
Wal-Mart is highlighting flat screen TVs, Blu-ray players, Xbox 360 consoles and home computers in its much-anticipated Black Friday deals this year, according to a copy of the retailer’s circular obtained by CNNMoney.com.
