Archive for November 18th, 2008

Wall Street barrels back in late rally, led by HP (Reuters)

 Wall Street barrels back in late rally, led by HP 
    (Reuters)Reuters - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come.

Original post by Reuters and software by Elliott Back

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GE plans $2 billion in finance arm cuts next year (Reuters)

Reuters - General Electric Co said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate's results as a result of the global credit crunch.

Original post by Reuters and software by Elliott Back

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HP drives Wall Street’s late rally, Dow up 151.17 (Reuters)

 HP drives Wall Streets late rally, Dow up 151.17 
    (Reuters)Reuters - Stocks staged a late fight back on Tuesday after stronger-than-expected results and the outlook from computer maker Hewlett-Packard offset fears of more losses at Citigroup and other banks.

Original post by Reuters and software by Elliott Back

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GE says finance arm changes to save $2 billion in ’09 (Reuters)

Reuters - General Electric Co said on Tuesday it was reorganizing its finance arm, GE Capital, with an eye toward saving $2 billion next year.

Original post by Reuters and software by Elliott Back

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