Archive for November 29th, 2008

Movers: GM, Boeing, BJ's Wholesale, Phillips-Van Heusen

Saturday, November 29th, 2008

General Motors (GM) falls 0.44 to 2.65. The chief executives of Detroit's Big Three auto makers appealed in dire language for U.S. taxpayers to help their industry, but couldn't dispel doubts in Congress that have clouded prospects for a government-led rescue: WSJ.Boeing (BA) is reworking its entire production schedule, adding ...

Police say Mumbai death toll 155, “still counting”

Saturday, November 29th, 2008

MUMBAI, Nov 29 (Reuters) - The death toll from a series ofattacks in India's financial capital Mumbai has risen to atleast 155. "We are still counting," Mumbai police inspector AshokPatil told Reuters.

UPDATE 1-Operations at Mumbai Taj hotel over

Saturday, November 29th, 2008

(Adds detail, quotes) MUMBAI, Nov 29 (Reuters) - Operations to dislodge militantsat the Taj Mahal hotel in Mumbai ended on Saturday, securityofficials said, and at least three Islamist gunmen were killed. "Taj is under our control," Mumbai ...

Operations at Mumbai Taj hotel are over-officials

Saturday, November 29th, 2008

MUMBAI, Nov 29 (Reuters) - Operations to dislodgemilitants at the Taj Mahal hotel in Mumbai were over, securityofficials said on Saturday, and at least three Islamist gunmenwere killed. "Taj is under our control," Mumbai police chief HasanGafoor told Reuters. (Reporting ...

UPDATE 6-U.S. shoppers seek deals, buy less on Black Friday

Saturday, November 29th, 2008

(Adds Toys "R" Us shooting) By Alexandria Sage and Aarthi Sivaraman SAN FRANCISCO/NEW YORK, Nov 28 (Reuters) - Shoppers luredby money-saving deals filled U.S stores on Friday, but theannual kick-off to holiday shopping appeared weaker this yearas ...

CANADA FX DEBT-C$ falls on Canadian political worry

Saturday, November 29th, 2008

* Canadian dollar falls 0.7 percent versus greenback * Opposition threats to topple gov't raises uncertainty * Bonds rise, but lag U.S. Treasuries By Cameron French TORONTO, Nov 28 (Reuters) - The Canadian dollar ended lowerversus the U.S. currency on Friday as the greenbackstrengthened, while ...

UPDATE 1-Flaherty defends plan to end party subsidies

Saturday, November 29th, 2008

(Adds details throughout) By Ka Yan Ng TORONTO, Nov 28 (Reuters) - Canadian Finance Minister JimFlaherty on Friday defended a government proposal to eliminatesubsidies to political parties, saying it was wrong toconfiscate tax dollars to redistribute to ...

Argentina stocks end week 20 pct higher

Saturday, November 29th, 2008

BUENOS AIRES, Nov 28 (Reuters) - Argentine stocks closedhigher on Friday for the fifth straight session, buoyed bybanking shares seen benefiting from a government plan toencourage Argentines to repatriate and invest their funds. The benchmark MerVal index ended up 2.25 ...

CIBC, former trader Flynn settle market-timing feud

Saturday, November 29th, 2008

TORONTO (Reuters) - Canadian Imperial Bank of Commerce(CM.TO: Quote, Profile, Research, Stock Buzz) said on Friday that it resolved legal matters with aformer New York-based trader who was accused in 2004 of helpinghedge funds in the mutual fund market timing scandal. ...

UPDATE 1- Fairchild Semiconductor files lawsuit against Infineon

Saturday, November 29th, 2008

(Adds details) SAN FRANCISCO, Nov 28 (Reuters) - Fairchild SemiconductorInternational Inc (FCS.N: Quote, Profile, Research, Stock Buzz) filed a patent infringement lawsuiton Friday against Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research, Stock Buzz) in theU.S. District Courts of Maine and ...