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11/20/2008
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Stock futures signal more pain
(Reuters)
Reuters - Stock futures pointed to a drop on Thursday, adding to the previous session's plunge, as investors worried about the fate of stricken U.S. carmakers and the specter of a prolonged economic downturn. At 5:33 a.m. EST, S&P 500 futures were down 1.9 percent, Dow Jones futures were down 1.3 percent and Nasdaq 100 futures were down 2.2 percent.
| Recession blues play on
(Reuters)
Reuters - World economic misery spread on Thursday with forecasts of a global recession running well into 2009, Japan's exports to Asia falling for the first time in six years and job losses mounting.
| PepsiCo to reaffirm full-year 2008 core EPS guidance
(Reuters)
Reuters - PepsiCo Inc on Thursday was to reaffirm full-year 2008 core EPS guidance. Highlights:
| Prospect for auto bailout dims
(Reuters)
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.
| Financials need at least $1 trillion: analyst
(Reuters)
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.
| HK stocks fall after Wall Street's sharp losses
(AP) AP - Hong Kong's stock index plunged 4 percent Thursday, tracking steep declines overnight in Wall Street on worries over a lengthy global recession. | Homebuilder, REIT shares tumble as recession spreads
(Reuters)
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.
| British retail sales down 0.1 percent in October
(AP) AP - British retail sales fell only slightly in October, official figures showed Thursday, despite mounting evidence from retailers such as Woolworths PLC and Marks & Spencer PLC, that business conditions are extremely tough. |
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