Archive for November 18th, 2008

Stocks lose ground on economic woe, GM (Reuters)

 Stocks lose ground on economic woe, GM 
    (Reuters)Reuters - Stocks lost ground in choppy trade on Tuesday as ongoing worries about the worsening global economic downturn offset Hewlett-Packard's upbeat quarterly results and profit outlook.

Original post by Reuters and software by Elliott Back

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Home builder sentiment tumbles to new low (Reuters)

Reuters - Pervasive fears of job loss, financial market upheaval and recession hammered U.S. home builder sentiment to a record low in November, the National Association of Home Builders said on Tuesday.

Original post by Reuters and software by Elliott Back

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FTSE 100 rebounds from early lows (AFP)

 FTSE 100 rebounds from early lows 
    (AFP)AFP - The leading share index bounced back on Tuesday as it mirrored strong gains on Wall Street to help it recover from early lows.

Original post by AFP and software by Elliott Back

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No U.S. turnaround till mid-2009: Bank of America CEO (Reuters)

 No U.S. turnaround till mid 2009: Bank of America CEO 
    (Reuters)Reuters - Bank of America Corp Chief Executive Kenneth Lewis said on Tuesday it is "pretty clear" the U.S. economy is in a recession, and forecast no recovery until the housing market stabilizes around the middle of 2009.

Original post by Reuters and software by Elliott Back

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