Finance
[$$] Commodities Dealers Reap Ample Profits (at The Wall Street Journal Online)
Wednesday, 19 November 2008
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Dow falls below 8,000, S&P at 5-year low (AP)
Wednesday, 19 November 2008
Wall Street hit levels not seen since 2003 on Wednesday, with the Dow Jones industrial average plunging below the 8,000 mark amid a dour economic outlook from the Federal Reserve and worries over the fate of Detroit's three automakers.
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British Pound Spikes Amidst Wild Volatility, Falls Back as BOE Minutes Signal Further Rate Cuts...
Wednesday, 19 November 2008
The British pound gained throughout much of the morning to reach an intraday high of 1.5249, but subsequently fell back below 1.50 as UK interest rate expectations remain in favor of GBP/USD weakness.
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Strong AUDCAD Range Won't Hold For Long (Daily FX)
Wednesday, 19 November 2008
The clock is ticking for a short-term AUDCAD range. For the past few weeks, the pair has worked itself into a very clear and concise range that would be a range traders dream.
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Consumer prices drop record 1 percent in October (AP)
Wednesday, 19 November 2008
Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.
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Exchange rate and competition worries hit St. Jude (AP)
Wednesday, 19 November 2008
Shares of St. Jude Medical Inc. declined Wednesday as analysts turned their attention to potential challenges to the medical device maker's profits, including foreign exchange rates and growing competition.
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China Shuangji Cement Announces Third Quarter 2008 Results (Marketwire)
Wednesday, 19 November 2008
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EMCORE Corporation Announces 409A Tender Offer for Employee Stock Options (PR Newswire)
Wednesday, 19 November 2008
EMCORE Corporation , a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, today announced that it has commenced a tender offer for 164,088 stock options outstanding under its 2000 Incentive Stock...
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Citi ends SIV foray as last $17.4bn is returned (at FT.com)
Wednesday, 19 November 2008
Citigroup moved on Wednesday to end its troubled involvement with structured investment vehicles, bringing the last $17.4bn in SIV assets back on to its balance sheet for a loss of $1.1bn.
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Target shareholder revises real estate proposal (AP)
Wednesday, 19 November 2008
Investor William Ackman offered some tweaks Wednesday to his plan aimed at increasing the value of Target Corp., saying as much as 20 percent of the real estate investment trust he was pushing for could be spun off in an initial public offering.
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Microsoft lets Zune music subscribers keep tunes (AP)

article thumbnaiMicrosoft Corp. is giving an early holiday gift to people who pay for all-you-can-listen access to the Zune digital music store: 10 songs to keep each month, included in the $14.99 monthly...
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Oil falls below $53 on fears of deep recession (AP)

article thumbnaiOil prices fell below $53 to almost a two-year low Thursday in Asia as investors, egged on by plummeting stock markets, priced in lower crude demand from a global economic downturn that's shaping up...
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