Current Feed Content from 5 Nov 08 10:18
Asian Stocks End Higher on Obama Victory
Wed, 5 Nov 2008 01:07:00 -0800Stocks in Asia finished higher as Barack Obama received enough electoral votes to be elected the 44th president of the U.S. [TheStreet.com] [Read More]Asian stock markets rise as US elects Obama
Wed, 5 Nov 2008 01:06:47 -0800HONG KONG (AP) -- Asian stock markets rose Wednesday, tracking solid overnight gains on Wall Street, as uncertainty about the next leader of the world's largest economy was lifted with Democrat Barack Obama's elevation to the U.S. presidency. European markets opened lower.... [AP Top Business News] [Read More]Obama to inherit feeble economy awash in red ink
Wed, 5 Nov 2008 00:59:20 -0800WASHINGTON (AP) -- To the victor goes the mess. Barack Obama's presidential election victory comes with an albatross of a prize - an economy beset by a stubborn housing slump and the worst financial crisis in 70 years.... [AP Top Business News] [Read More]The Obama Rally: Stock Markets Surge
Wed, 5 Nov 2008 00:58:16 -0800Asian stock markets advance as US elects Obama president; Nikkei up 4.5 percent. [ABC News: Money] [Read More]Chuck Jaffe: Vanguard's Bogle plays familiar tune: Index funds are the answer
Wed, 5 Nov 2008 00:56:00 -0800In 2000, Jack Bogle looked at his age and his own investing formulas and felt he was too heavily invested in stocks. He altered his asset allocation to the most simplistic of strategies: He made his bond position roughly equal to his age; at the time, he was about 70 years old and he had roughly 65% of his holdings in... [MarketWatch.com - Top Stories] [Read More]Barack Obama Elected 44th U.S. President
Wed, 5 Nov 2008 00:48:00 -0800Democratic presidential candidate Obama has won 338 electoral votes to John McCain's 163 so far, according to CNN. [TheStreet.com] [Read More]Preliminary Election Results By State (Update14)
Wed, 5 Nov 2008 00:39:00 -0800Obama has won the U.S. presidential election with 338 electoral votes to McCain's 163 so far, CNN reports. [TheStreet.com] [Read More]Australia cuts budget-surplus outlook
Wed, 5 Nov 2008 00:39:00 -0800HONG KONG (MarketWatch) -- Australia's government Wednesday revised downward its economic and budget forecasts and warned it may need to cut its outlook further if conditions deteriorate. [MarketWatch.com - Top Stories] [Read More]Europe Markets: Shares in Europe end best winning run of 2008 as Obama wins
Wed, 5 Nov 2008 00:37:00 -0800European shares ended their best winning streak of the year on Wednesday, as investors paused for breath after Barack Obama swept to victory in the U.S. presidential election. [MarketWatch.com - Top Stories] [Read More]Obama's promises, vision to collide with reality
Wed, 5 Nov 2008 00:29:47 -0800WASHINGTON -- Over a two-year campaign, Barack Obama laid out a vision for the nation's future in soaring speeches that enthralled his audiences. With his victory in the presidential election on Tuesday, those goals will collide with daunting realities. [Washington Post - Financial] [Read More]World markets rise amid news of Obama win
Wed, 5 Nov 2008 00:28:56 -0800Asian stock markets rose Wednesday as uncertainty about the next leader of the world's largest economy was lifted with Democrat Barack Obama's elevation to the U.S. presidency. [MSNBC.com: Stocks & Economy] [Read More]SunPower sees results hit by dollar's strength vs the euro
Wed, 5 Nov 2008 00:26:43 -0800TEL AVIV (MarketWatch) -- SunPower Corp., the San Jose, Calif., producer of solar-powered electrical systems, said that earnings growth in the fourth quarter and in 2009 will be hurt by a currency matter. In planning its global tax policy, SunPower changed the currency for some European units to euros from dollars, ... [MarketPulse] [Read More]Democrats pad congressional majorities on Election Day
Wed, 5 Nov 2008 00:25:00 -0800Democrats scored victories in five important Senate races on Tuesday night, adding to their majority in the chamber on the same night that Sen. Barack Obama became the first African-American to win the U.S. presidency. [MarketWatch.com - Top Stories] [Read More]Leoni shares skid after cutting profit, sales view
Wed, 5 Nov 2008 00:15:32 -0800LONDON (MarketWatch) -- Shares of auto parts firm Leoni dropped over 10% in early German trade as the group warned late Tuesday that it expects fourth-quarter demand to drop 25%, leading to a break even profit before interest and tax. For the year, it now sees earnings before interest and tax of 95 million euros, vs.... [MarketPulse] [Read More]Oil slides below $69 on weaker demand worries
Wed, 5 Nov 2008 00:10:18 -0800SINGAPORE (AP) -- Oil prices slid to $68 a barrel Wednesday in Asia, retreating after a U.S. Election Day rally, as expectations a slowing global economy will cut crude demand reemerged as the market's dominant driver.... [AP Top Business News] [Read More]European shares decline, ArcelorMittal drops
Wed, 5 Nov 2008 00:09:32 -0800LONDON (MarketWatch) -- European shares ended the longest winning streak of the year on Wednesday, the day when Sen. Barack Obama rode to a sweeping victory in the U.S. presidential contest. 'An element of buy the rumor, sell the news is driving some profit-taking to kick in, ' said Martin Slaney, head of derivatives at... [MarketPulse] [Read More]Sanyo's quarterly profit drops 67 percent
Wed, 5 Nov 2008 00:05:29 -0800Sanyo Electric Co., a troubled electronics maker that may get bought out by bigger Japanese rival Panasonic, reported Wednesday its second quarter profit dwindled to about a third of what it was a year earlier. [Seattle Times: Business & Technology] [Read More]CCHBC posts flat 3rd quarter net profit
Wed, 5 Nov 2008 00:05:24 -0800Coca-Cola Hellenic Bottling Company SA said Wednesday its third-quarter profit was flat on the year as sales in key markets were hit by the global economic crisis and poor weather. [Seattle Times: Business & Technology] [Read More]For the Dow, it's the best election day ever
Wed, 5 Nov 2008 00:00:00 -0800The Dow's 3.3% rise easily tops the previous best in 1984. Investors say the end of the presidential race will allow the winner to focus on economic issues. Wall Street enjoyed its biggest-ever election day rally Tuesday as... [Los Angeles Times - Business] [Read More]Budget-minded shoppers rediscover layaway plans
Wed, 5 Nov 2008 00:00:00 -0800In tough times, buying on the installment plan is making a comeback. Qiana Zimmerle got an early start on her Christmas shopping last week, heading to a Kmart in Burbank where she loaded up a cart with toys, clothes and a High... [Los Angeles Times - Business] [Read More]
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