Wednesday, October 22, 2008

Steven Wevodau - UBS study says recession will hit UK, US worst - MSN MoneyCentral

UBS study says recession will hit UK, US worst - MSN MoneyCentral
ZURICH, Switzerland (AP) - Britain and the U.S. will suffer most from a global recession predicted to last until the middle of next year, Swiss bank UBS said in a report Wednesday. U.S. gross domestic product is expected to shrink by 0.7 percent in

Paulson vows action on crisis as earnings stagger - Forbes
Even as the Bush administration pledges to do whatever it takes to battle a severe financial crisis, stumbling corporate earnings are showing just how deep the economy's problems are. Wachovia Corp., which is being bought by Wells Fargo for about $14

Aso Plans Tax Cuts to Boost Economy as Election Looms (Update1) - Bloomberg
Oct. 22 (Bloomberg) -- Japanese Prime Minister Taro Aso, facing an election as soon as next month, is likely to focus on tax cuts when he unveils the government's second economic stimulus package since August. The ruling coalition may provide about 2

Cable Rates Increase as Maryland Families Struggle in Today's Economy - Yahoo Finance
ARLINGTON, Va., Oct. 22 /PRNewswire/ -- There is a silver lining for Maryland residents who will be paying an average of 6.4 percent more for cable on November 1: Many residents are finally getting real choices to the cable monopoly. Consumers now

Global Stocks Decline on Economy Concern; Euro, Oil Retreat - Bloomberg
Oct. 22 (Bloomberg) -- Stocks fell around the world, the euro sank to a 20-month low against the dollar and oil retreated as the deepening economic slump sapped corporate profit. U.S. index futures declined. Royal Bank of Scotland Group Plc dropped 9

3rd UPDATE: Wipro 2Q Net Pft +19%; 3Q IT Svcs Outlook Weak - Wall Street Journal
BANGALORE (Dow Jones)--With the weakening U.S. economy having a greater impact on Indian technology companies, Wipro Ltd. (507685.BY) said Wednesday it expects revenue from its software services to be flat on quarter, even as it posted a 19% growth

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