Latest Business News Feeds:

GM and Toyota to cut Thai output amid weak sales (Reuters)
Source:Yahoo! News: Business      20 November 2008, 12:44 am
Reuters - U.S. car giant General Motors Corp announced a two-month shutdown at its Thai plant on Thursday, the latest move by global automakers seeking to slash costs in the face of weak sales and deepening economic gloom.

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Global stocks hit 5-1/2 year lows (Reuters)
Source:Yahoo! News: Business      20 November 2008, 12:31 am

Reuters - A 6 percent fall in Asia pushed world stocks to their lowest in 5- years on Thursday, while oil fell below $53 and safe havens such as the yen gained on fears the global recession and a financial crisis will get uglier.

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Financials need at least $1 trillion: analyst (Reuters)
Source:Yahoo! News: Business      19 November 2008, 11:45 pm

Reuters - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.

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Prospect for auto bailout dims as Senate races clock (Reuters)
Source:Yahoo! News: Business      19 November 2008, 8:29 pm

Reuters - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week.

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Limited Brands posts lower net profit, shaves view (Reuters)
Source:Yahoo! News: Business      19 November 2008, 4:33 pm
Reuters - Limited Brands , the retailer whose main chains are Victoria's Secret and Bath and Body Works, posted lower net profit on Wednesday and trimmed its full-year earnings outlook.

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US, European stocks dive on recession fears (AFP)
Source:Yahoo! News: Business      19 November 2008, 4:27 pm

AFP - US and European stock markets dived Wednesday after dismal US economic data added to recession fears and automakers called for government bailouts to stave off collapse.

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Fed minutes: may need more rate cuts if growth ebbs (Reuters)
Source:Yahoo! News: Business      19 November 2008, 1:46 pm

Reuters - Federal Reserve officials slashed economic growth forecasts through 2009 and some believed even deeper interest rate cuts may be needed if growth slows further, minutes of their October policy meeting show.

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Homebuilder, REIT shares tumble as recession spreads (Reuters)
Source:Yahoo! News: Business      19 November 2008, 11:02 am

Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.

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