Reuters - AnnTaylor Stores Corp reported a quarterly loss on Friday as the financial crisis exacerbated already weak sales trends, and the women's clothing retailer said it expected consumer spending to remain soft through the current fourth quarter.
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Reuters - President-elect Barack Obama's transition team is not exploring a prepackaged bankruptcy plan for U.S. automakers, officials from Obama's team said on Friday.
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Reuters - Stock index futures rose on Friday as investors looked set to follow up two days of steep losses that sent Wall Street to an 11-year low by scooping up shares of banks and other beaten-down sectors.
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Reuters - The transition team of President-elect Barack Obama is considering a swift prepackaged bankruptcy for automakers as an answer to the financial woes of the sector, reported Bloomberg News on Friday, citing a person familiar with the matter.
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Reuters - Visa Inc said it might incur "significant" charges in fiscal 2009, according to an SEC filing. Highlights:
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AP - Share prices on the London Stock Exchange were higher at midday Friday.
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AP - Shares in DSG International PLC soared 40 percent Friday from a 20-year low after Credit Suisse raised its rating of the stock to "outperform" on the basis that market concern over the economic slowdown had left the stock overly cheap.
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AP - Hong Kong stocks advanced Friday, breaking a four-day losing streak, on bargain-hunting and speculation that China will cut interest rates over the weekend.
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AFP - The London stock market staged a turnaround on Friday despite a steady flow of dismal economic news.
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AP - Bernhard Mattes, chief of Ford Motor Co's. German unit, said that while the company can survive without a bailout from the German state, it hopes the European Union will help the ailing auto industry with a loan package.
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