Boeing warns of possible layoffs in 2009 

Published Saturday, Nov. 22, 2008
Boeing Co. may lay off some workers next year as part of an effort to cut costs in response to difficult market conditions and a slowing global economy, a company executive said. Read More |
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Wal-Mart's Scott retiring as CEO, Duke to succeed
Published Saturday, Nov. 22, 2008
Wal-Mart Stores Inc, which is gaining market share amid a global economic downturn, said Lee Scott will retire as chief executive early next year and will be succeeded by Mike Duke, who heads its international operations.
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Hundreds wait at Verizon stores for BlackBerry Storm
Published Saturday, Nov. 22, 2008
Hundreds of people lined up at some Verizon Wireless stores on Friday to buy the BlackBerry Storm, the first touch-screen phone from Research In Motion that aims to compete with Apple's iPhone.
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Bailout debate simmers as GM pares output
Published Saturday, Nov. 22, 2008
Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets.
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SEC asked Buffett's Berkshire for derivative data
Published Saturday, Nov. 22, 2008
Warren Buffett's Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research, Stock Buzz) (BRKb.N: Quote, Profile, Research, Stock Buzz) provided details to the U.S. Securities and Exchange Commission on how it values what has so far been a money-losing $37.04 billion derivatives bet, after the regulator asked for better disclosure.
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Community First issues stock dividend
Published Saturday, Nov. 22, 2008
The Board of Directors of Community First Bancorporation, parent company of Community First Bank in Oconee County, has declared a 5 percent stock dividend of the company's common stock. Read More |
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Citigroup shares drop; CEO plans to keep Smith Barney
Published Saturday, Nov. 22, 2008
Citigroup Inc Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence, but shares still tumbled for a fifth straight day.
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Fannie Mae, Freddie Mac suspend some foreclosures
Published Friday, Nov. 21, 2008
Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy. Read More |
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Citigroup shares slide despite Alwaleed move
Published Friday, Nov. 21, 2008
Citigroup Inc lost more than one-quarter of its market value on growing worries over whether it has enough capital to withstand billions of dollars of potential losses and despite new support from its largest individual investor.
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Dell profit tops Street view, shares rise
Published Friday, Nov. 21, 2008
Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent. Read More |
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NY City securities workforce down to Sept 2005 level
Published Friday, Nov. 21, 2008
New York City's securities companies shed 16,000 employees in October, measured on a year-over-year basis, pushing the total work force down to a level last seen September 2005, a state labor analyst said on Thursday.
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