Rabu, 11 November 2009

11/12 Latest financial news - CNNMoney.com

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Applied Materials to slash 1,500 jobs
November 11, 2009 at 5:19 pm

Applied Materials, Inc. announced Wednesday it will cut between 1,300 and 1,500 employees, or 10% and 12% of its global workforce, over the next 18 months as part of its restructuring plan.

HP to buy 3Com for $2.7 billion
November 11, 2009 at 5:07 pm

Hewlett-Packard Co. announced Wednesday it will purchase networking company 3Com for $2.7 billion, and also preannounced higher fiscal fourth-quarter earnings and raised its outlook for fiscal 2010.

Wal-Mart plans Black Friday all-nighter
November 11, 2009 at 4:48 pm

In preparation for the traditional kickoff of the holiday shopping season, Wal-Mart Stores Inc. announced Wednesday that most of its stores will be open 24 hours for "post-Thanksgiving Day events."

10 states face financial peril
November 11, 2009 at 3:42 pm

The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other states, a new report has found.

Americans are overpaid
November 11, 2009 at 3:17 pm

Read full story for latest details.

Oil gains slightly on weak dollar
November 11, 2009 at 1:34 pm

Oil rose modestly Wednesday, responding to a 15-month low in the dollar and robust Chinese demand growth and factory output.

Stuffing planes like Thanksgiving turkeys
November 11, 2009 at 1:05 pm

Thanksgiving air travelers can expect crowded planes as a result of the most dramatic capacity cuts since World War II, according to the industry's trade group.

New ETF is a way into smaller China
November 11, 2009 at 12:29 pm

If Burton Malkiel, author of the famous "A Random Walk Down Wall Street" and Princeton University economist, is right, the majority of U.S. investors aren't profiting enough from China's rapid growth.

AIG CEO: What about Bob?
November 11, 2009 at 12:24 pm

It's not easy to feel sympathy for politicians and regulators in Washington and overpaid corporate board members. But hot-tempered AIG chief executive officer Robert Benmosche is doing his best to make them look good.

China's record debt has economists worried
November 11, 2009 at 12:21 pm

In a world still awash in economic worry, China has stood apart as the one country that has come through the global slump with only the briefest of hiccups.

Target's Black Friday bet: $3 appliances
November 11, 2009 at 12:16 pm

Target is hoping to lure this year's Black Friday shoppers with $3 toasters and coffeemakers, deep deals on high-definition televisions, and discounts of 50% on clothes and toys, according to a Web site that says it has received a leaked copy of the retailer's circular.

On tackling debt: Some say 'Just do it'
November 11, 2009 at 11:48 am

Left to their own devices, lawmakers won't successfully deal with the country's spiraling debt situation. That's the opinion of some key members agitating for a special commission to force the hand of Congress.

Stocks rise on promise of low rates
November 11, 2009 at 11:47 am

Stocks traded higher Wednesday as investor optimism rose on the expectation that interest rates would remain low for some time.

Subsidizing inner peace
November 11, 2009 at 11:19 am

Fashion isn't an industry typically known for its commitment to selflessness (or, for that matter, sitting quietly). But for more than 20 years, Jacalyn Bennett has been building a booming lingerie business on the unlikely principles of spirituality, benevolence and meditation.

Dollar at 15-month low
November 11, 2009 at 11:13 am

The dollar weakened against rival currencies Wednesday after upbeat economic news out of China fueled expectations of a global recovery and boosted demand for higher-yielding assets.

Making Detroit a tech hub - One CEO's vision
November 11, 2009 at 10:20 am

It is noon in downtown Detroit, a glorious autumn day in the nexus of the city's business district. A large crowd of people stride up the street toward a sleek, glass-walled tower in the Campus Martius complex.

A mogul's Detroit passion gets messy
November 11, 2009 at 10:17 am

While Detroit booster Dan Gilbert has a passion for the city, where he wants to move 1,700 jobs, it's a romance that's getting complicated.

Triple the salary - thanks to nukes
November 11, 2009 at 10:03 am

Minimum wage to $20 an hour.

Gold surges to a record high
November 11, 2009 at 9:38 am

Gold jumped to an all-time high Wednesday as the dollar depreciated, fueling demand for the metal as a hedge against the anemic greenback.

AIG chief threatens to walk
November 11, 2009 at 8:00 am

Robert Benmosche has threatened to step down as chief executive of American International Group, just three months after taking the helm of the insurance company that's received billions in government aid, according to a report published Wednesday.

Stocks set for early gains
November 11, 2009 at 7:41 am

U.S. stocks looked set to open higher Wednesday as investor optimism rose on the expectation that interest rates would remain low for some time.

Out of prison, out of a job, out of luck
November 11, 2009 at 6:46 am

If you think it's tough getting a job during a recession, imagine what it's like for an ex-convict.

The key to a new job: Karma
November 11, 2009 at 6:10 am

Network, network, network. That's the conventional advice to the unemployed. But in the worst job market in 26 years, sometimes, it's the only method that works.

Toxic loans for sale!
November 11, 2009 at 5:11 am

For some banks, trying to get healthy has simply meant getting smaller.

Donating this year? Uncle Sam needs your help
November 11, 2009 at 4:11 am

You've probably heard about the country's giant debt load - $12 trillion and rising.
 

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