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Currencies Remain Mostly Flat On Poor Economic Data |
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Monday, 17 November 2008 |
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11/17/08 A combination of poor US manufacturing data and both the Euro-Zone and Japanese economies entering recessions has left the currency markets in a period of uncertainty with little to no major change this session. |
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Stocks Fall Amid Job Losses in Financial Sector |
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Monday, 17 November 2008 |
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11/17/08 Stocks fall as Citigroup announces massive job cuts and other banks are expected to follow. |
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Citi to slash 52,000 jobs |
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Monday, 17 November 2008 |
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Citigroup announced plans to cut 52,000 positions in a drastic move to offset billions of dollars in losses tied largely to risky home loans. The stock lost ground and remained at levels not seen since Citigroup was created by a merger in 1998. Citigroup is now barely worth twice the $25 billion it received from the Treasury's $700 billion bank rescue plan. Conway Gittens reports from New York. |
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Lowe's Is In Need Of An Improvement |
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Monday, 17 November 2008 |
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11/17/08 Home building retailer Lowe's Companies Incorporated (LOW) reported today that their 3Q profit slid by 24% while still managing to beat Wall Street expectations. Therefore making Lowe's today's stock to watch. |
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Luxurious display to impress India |
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Monday, 17 November 2008 |
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Luxury brands have been flocking to India in search of customers with a love of extravagance and the money to match. |
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