Reuters - Japanese electronics maker Panasonic Corp (6752.T) is in talks with Goldman Sachs and two other major shareholders of Sanyo Electric Co Ltd (6764.T) to buy a controlling stake in its smaller rival, company and financial sources said on Saturday.
Original post by Reuters and software by Elliott Back
Reuters - Japanese electronics maker Panasonic Corp (6752.T) plans to begin talks to take control of smaller rival Sanyo Electric Co (6764.T), the Nikkei business daily reported on Saturday.
Original post by Reuters and software by Elliott Back
Reuters - Wall Street hopes to turn a new page as it heads into November, but next week is littered with hurdles ranging from the U.S. presidential election to a likely gloomy jobs report.
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Reuters - Americans slashed spending and the country’s business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.
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Reuters - U.S. auto sales are expected to plunge to the lowest levels of the year in October and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return.
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Reuters - U.S. stocks ended one of their worst months on record, but signs of further thawing in credit markets lifted battered shares on Friday.
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Reuters - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.
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AFP - Wall Street shares rallied Friday, extending the gains from a strong week, as investors focused on lower interest rates and improving credit conditions, shaking off weak economic news.
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AP - The nation’s retailers are set to report sales for established stores on Thursday that are expected to mark the weakest October performance since 1969, when the International Council of Shopping Centers index began. The figures are based on same-store sales, or sales at stores opened at least a year, which are considered a key indicator of a retailer’s health.
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Reuters - Stocks rose on Friday as financial shares gained on optimism over further signs of thawing in the credit markets, but the Dow remained on track to log its worst month in a decade after being battered by worries of a deepening slowdown.
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