Oil dives below $50 as investor confidence sinks (Reuters)
Reuters - Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand.
Publ.Date: Thu, 20 Nov 2008 14:13:22 GMT
Source: Yahoo.com
Children's Place profit up (Reuters)
Reuters - Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, but the apparel retailer said it expects a challenging holiday season.
Publ.Date: Thu, 20 Nov 2008 13:20:39 GMT
Source: Yahoo.com
SKorean stocks fall sharply after Wall Street drop (AP)
AP - South Korean stocks fell for an eighth straight session Thursday, and the won dropped against the U.S. dollar to levels not seen in more than a decade, as a sell-off on Wall Street and worries about the world economy shook investors.
Publ.Date: Thu, 20 Nov 2008 10:33:41 GMT
Source: Yahoo.com
Weekly jobless claims surge to 16-year high (Reuters)
Reuters - The number of U.S. workers filing new claims for jobless benefits surged last week to their highest level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring.
Publ.Date: Thu, 20 Nov 2008 14:08:40 GMT
Source: Yahoo.com
Stocks extend losses after Philly Fed (Reuters)
Reuters - Stocks extended losses on Thursday after the Philadelphia Federal Reserve Bank said factory activity in the Mid-Atlantic region fell to another 18-year low in November, adding to worries about the depth of the economic slowdown..
Publ.Date: Thu, 20 Nov 2008 15:19:50 GMT
Source: Yahoo.com
Philly Fed November factory activity hits new 18-year low (Reuters)
Reuters - Factory activity in the U.S. Mid-Atlantic region fell to another 18-year low in November, a survey showed on Thursday.
Publ.Date: Thu, 20 Nov 2008 15:10:27 GMT
Source: Yahoo.com
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