Asian stocks fall on earnings outlook

October 21, 2008 on 10:53 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell on Wednesday as poor U.S. corporate results and falling commodity prices fanned worries of a protracted global economic slowdown.

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Asian stocks fall on earnings outlook

Surging iPhone sales boost Apple

October 21, 2008 on 9:08 pm | In Business News | No Comments

SAN FRANCISCO/SEATTLE (Reuters) - Apple reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.

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Surging iPhone sales boost Apple

UK may urge lending to small businesses

October 21, 2008 on 9:06 pm | In Business News | No Comments

LONDON (Reuters) - Chancellor Alistair Darling and Business Secretary Lord Mandelson will meet chief executives of Britain’s leading banks on Wednesday to urge them to increase small business lending, …

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UK may urge lending to small businesses

U.S. Fed aids money markets

October 21, 2008 on 8:10 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. Federal Reserve and governments around the world loosened strained financial markets on Tuesday by pumping in more money and launching bank rescues, but poor corporate profits and recession fears drove down commodities and U.S. stocks.

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U.S. Fed aids money markets

Yahoo profit drops, targets job cuts as ads weaken

October 21, 2008 on 7:45 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Yahoo posted a sharply lower quarterly profit on nearly flat sales, but its shares rose 8 percent on the Internet media company’s plan to cut at least 10 percent of its work force to save costs.

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Yahoo profit drops, targets job cuts as ads weaken

Economy seen set to shrink 0.9 percent

October 21, 2008 on 7:19 pm | In Business News | No Comments

LONDON (Reuters) - The economy will shrink by 0.9 percent in 2009, marking the country’s first full-year recession since 1991, the National Institute for Economic and Social Research forecast on Wednesday.

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Economy seen set to shrink 0.9 percent

Apple profit surges on iPhone sales

October 21, 2008 on 6:04 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Apple reported a stronger-than-expected 26 percent rise in quarterly profit, driven by strong sales of its new iPhone, and sent its shares up 10 percent on Tuesday.

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Apple profit surges on iPhone sales

Fed aids money markets as Wall Street falls

October 21, 2008 on 6:03 pm | In Business News | No Comments

WASHINGTON (Reuters) - The U.S. Federal Reserve and governments around the world loosened strained financial markets on Tuesday by pumping in more money and launching bank rescues, but poor corporate profits and recession fears drove down commodities and U.S. stocks.

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Fed aids money markets as Wall Street falls

Yahoo announces job cuts as profit drops

October 21, 2008 on 5:45 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Yahoo said on Tuesday that its quarterly profit fell sharply on weak sales as corporate advertisers slashed spending on brand promotions at the leading provider of online display advertising.

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Yahoo announces job cuts as profit drops

Evergreen sues Barclays over Lehman share loan

October 21, 2008 on 5:04 pm | In Business News | No Comments

NEW YORK (Reuters) - Solar power panel manufacturer Evergreen Solar sued Barclays and Lehman Brothers seeking to recover 30.9 million shares loaned to Lehman in July before it went bankrupt, Evergreen said in a statement on Tuesday.

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Evergreen sues Barclays over Lehman share loan

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