Principal Financial shares drop 18 pct to new low (AP) Thu, 20 Nov 2008 01:02:24 Etc/GMT
Shares of Principal Financial Group Inc. fell to new lows on Wednesday as stock in many life insurers tumbled over debt concerns involving commercial mortgage-backed securities. Read More >>
Hormel shares rise modestly ahead of 4Q report (AP) Thu, 20 Nov 2008 00:57:06 Etc/GMT
Shares of Hormel Foods Corp. edged higher Wednesday as an analyst said the food maker is likely to see sales growth on its key products, but warned consumers are increasingly switching to private label brands. Read More >>
Cypress Semiconductor shares fall (AP) Thu, 20 Nov 2008 00:54:40 Etc/GMT
Shares of Cypress Semiconductor Corp. slid amid a broader market downturn Wednesday, as a UBS analyst cut estimates for the company's fourth-quarter earnings and stock price. Read More >>
Business Highlights (AP) Thu, 20 Nov 2008 00:02:39 Etc/GMT
Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers. Read More >>
Latin America stocks drop on US, commodity losses (AP) Wed, 19 Nov 2008 23:57:37 Etc/GMT
Latin American stocks dropped Wednesday as U.S. indices spiraled to five-year lows and prices for the region's chief commodity exports declined. Read More >>
Citigroup stock drops to 13-year low, fear grows (Reuters) Wed, 19 Nov 2008 23:28:48 Etc/GMT
Citigroup Inc faced a crisis of confidence on Wednesday as investors questioned the survival prospects of the U.S. banking giant, and its shares tumbled 23 percent to a 13-year low. Read More >>
Retail shares drop sharply as market woes linger (AP) Wed, 19 Nov 2008 23:16:57 Etc/GMT
With Black Friday just around the corner, two new forecasts Wednesday pointed toward a tough holiday season for retailers and offered evidence that consumers simply may not be in a spending mood. Read More >>
Sara Lee to close kosher meat unit, cut 185 jobs (AP) Wed, 19 Nov 2008 23:07:53 Etc/GMT
Sara Lee Corp. said Wednesday it will exit the kosher meat business and close a facility that processes kosher hot dogs and meat by the end of January. Read More >>
Sector roundup: Solar, home improvement (AP) Wed, 19 Nov 2008 22:58:00 Etc/GMT
Shares of solar companies fell Wednesday as the broader markets tumbled and analysts lowered price targets on some of the industry's bigger members. Read More >>
Movers roundup: Flextronics, NuVasive (AP) Wed, 19 Nov 2008 22:52:00 Etc/GMT
Flextronics International Ltd.'s shares plunged Wednesday to their lowest level since 1997 after analysts cut their expectations for the company's third quarter. Read More >>
Best Buy, AstraZeneca, TD Ameritrade big movers (AP) Wed, 19 Nov 2008 21:56:26 Etc/GMT
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Read More >>
Anheuser-Busch delists shares from NYSE (AP) Wed, 19 Nov 2008 20:37:43 Etc/GMT
Anheuser-Busch Cos. Inc., the maker of Bud Light and Budweiser, is no longer trading on the New York Stock Exchange after completing a sale to Belgian brewer InBev on Tuesday for $52 billion. Read More >>
Sector Snap: Solar stocks down with broader market (AP) Wed, 19 Nov 2008 20:36:34 Etc/GMT
Shares of solar companies fell Wednesday as the broader markets tumbled and analysts lowered price targets on some of the industry's bigger members. Read More >>
Sector Snap: Building materials suppliers (AP) Wed, 19 Nov 2008 20:26:00 Etc/GMT
Makers of building materials faced more bad news Wednesday as the U.S. government reported residential housing construction in October fell to its lowest pace ever. Read More >>
Automaker shares sink as executives press for aid (AP) Wed, 19 Nov 2008 20:18:56 Etc/GMT
Shares of General Motors Corp. sank to a 66-year low Wednesday, as top executives of U.S. auto companies continued to press their case for federal aid to Congress. Read More >>
Sector Snap: Homebuilder shares down sharply (AP) Wed, 19 Nov 2008 20:08:25 Etc/GMT
Shares of large U.S. homebuilders sank Wednesday after new data showed residential construction slowed in October to the lowest level on record, reflecting worsening woes for the sector as the housing slump deepens. Read More >>
Sector Snap: National banks shares decline sharply (AP) Wed, 19 Nov 2008 20:03:04 Etc/GMT
Shares of national banks fell sharply Wednesday afternoon as the broader market declined and investors remained worried about the ongoing credit crisis and slowing of the economy. Read More >>
Best Buy shares down after credit rating cut (Reuters) Wed, 19 Nov 2008 19:53:07 Etc/GMT
Best Buy Co shares fell more than 11 percent to a new year low on Wednesday, a day after Standard & Poor's cut its debt rating on the electronics retailer to the lowest investment grade. Read More >>
Movers roundup: Best Buy, Walt Disney (AP) Wed, 19 Nov 2008 19:52:35 Etc/GMT
Shares of Best Buy Co. Inc. reached a five-year intraday low on Wednesday, a day after the nation's largest consumer electronics chain's debt rating was lowered. Read More >>
Movers roundup: Arbitron, TD Ameritrade (AP) Wed, 19 Nov 2008 19:46:47 Etc/GMT
Arbitron Inc.'s stock plunged to its lowest price in more than eight years Wednesday as the loss of a key contract led two analysts to downgrade the shares, citing concern about the potential revenue impact. Read More >>
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