General Electric sees more credit losses in 2009
Following one of the most traumatic market periods in its 117-year
history, General Electric Co. says it foresees more credit losses in
2009 and plans to bulk up its cash reserve to weather the current
recession.
GOOGLE'S PROFIT DECLINES AS VALUE OF INVESTMENTS SHRINKS
Google shares trade higher as investors play off fourth-quarter
financial results to which analysts react positively for the most
part.
PFIZER IN TALKS TO BUY WYETH IN BLOCKBUSTER DEAL: WSJ
Pfizer Inc. is negotiating to acquire rival drug maker Wyeth in a
blockbuster deal potentially worth more than $60 billion that could
alter the global drug industry, the Wall Street Journal reports.
CURRENCIES: BRITISH POUND PLUMMETS AS DATA SHOW DEEPER U.K. RECESSION
The pound plunges to a 23-year low against the dollar, undermined as
government data confirmed the U.K. economy fell into a deep and
potentially long-lasting recession in the final three months of 2008.
ECONOMIC REPORT: BRITAIN OFFICIALLY ENTERS FIRST RECESSION SINCE 1991
The British economy contracts sharply in the final three months of
2008, shrinking 1.5% compared to the previous quarter.
No comments:
Post a Comment