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RIM cuts Q3 outlook on strong dollar (Reuters)

02-12-2008 23:47

Reuters - Research In Motion Ltd on Tuesday cut its third-quarter outlook below Wall Street expectations, hurt by depreciation of certain foreign currencies relative to the U.S. dollar in the quarter.

Automakers' desperate bailout plea gaining support (Reuters)

02-12-2008 21:09

New trucks are displayed for sale at a Ford dealership in Encinitas, California in this November 11, 2008 file photo. (Mike Blake/Reuters)Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures.

Bed Bath & Beyond lowers third-quarter outlook (Reuters)

02-12-2008 19:04

Reuters - Bed Bath & Beyond Inc cut its third-quarter earnings outlook on Tuesday, citing lower expected sales and more promotions, but the home goods retailer did not change its fiscal 2008 view.

GM says needs fast $4 billion from U.S. to survive (Reuters)

02-12-2008 18:56

The Chevy symbol adorns the front of a General Motors SUV on the assembly line at the GM assembly plant in Arlington, Texas, November 18, 2008. (Jessica Rinaldi/Reuters)Reuters - General Motors Corp warned the U.S. government on Tuesday that it needs a $4 billion loan by the end of December or else it faces the risk of immediate failure.

Automakers desperate bailout plea gaining support (Reuters)

02-12-2008 18:55

New trucks are displayed for sale at a Ford dealership in Encinitas, California in this November 11, 2008 file photo. (Mike Blake/Reuters)Reuters - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans and two of them, General Motors Corp and Chrysler LLC, said that without an immediate infusion of cash they could fail soon.

AIG, U.S. in deal to terminate some debt obligations (Reuters)

02-12-2008 18:50

The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008. (Mike Segar/Reuters)Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.

November sales may fall despite Friday's buying (AP)

02-12-2008 17:55

In this Nov. 28, 2008 file photo, early bird 'Black Friday' shoppers cram the aisles at the Target store in Aurora, Ohio. People's shopping binges on the day after Thanksgiving were not enough to save the month for retailers, which are expected to say on Thursday that sales dropped in November. (AP Photo/Amy Sancetta, file)AP - Shopping binges on the day after Thanksgiving were likely not enough to save a dismal November for retailers, leaving them with what's expected to be a second straight monthly sales drop and fueling concerns about how much consumer spending can fall.

Retailers expect to report dismal November sales (AP)

02-12-2008 17:42

AP - Retailers got some relief on the day after Thanksgiving, but the spending likely wasn't enough to salvage a drab November from showing a drop in sales. The rampant discounting needed to attract financially strapped shoppers will probably hurt fourth-quarter earnings as well.

Chrysler seeks $7 billion in aid this month (Reuters)

02-12-2008 17:38

The Chrysler Warren Truck Assembly plant is seen in Warren, Michigan in this October 14, 2008 file photo. (Rebecca Cook/Reuters)Reuters - Chrysler LLC on Tuesday asked the U.S. government for an emergency $7-billion bridge loan by the end of the year, saying it needs the funds to survive a brutal downturn in sales that has depleted its cash reserves.

Shares rebound with confidence boost from GE (Reuters)

02-12-2008 16:44

Traders work on the floor of the New York Stock Exchange, December 2, 2008. (Brendan McDermid/Reuters)Reuters - Stocks snapped back on Tuesday after General Electric , a global bellwether, lifted optimism by pledging to leave its dividend intact in a fragile economy.

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