Friday, November 7, 2008

Steven Wevodau - Ford posts $3 billion loss, Toyota shares dive (Reuters)

Ford posts $3 billion loss, Toyota shares dive (Reuters)

Frank Thomas, a Ford Motor Co. assembly worker, works on the frame of the 2009 F-150 pickup truck at Dearborn Truck Plant in Dearborn, Michigan October 30, 2008. (Rebecca Cook/Reuters)Reuters - Ford Motor Co posted a $2.98 billion quarterly operating loss and shares in world No. 1 automaker Toyota Motor Corp (7203.T) plunged on Friday after it warned this year's profits would hit a 13-year low.

AIG jumps on report of possible change in loan terms (Reuters)

The logo of American International Group (AIG) is seen at their offices in New York September 22, 2008. (Eric Thayer/Reuters)Reuters - Shares of American International Group advanced 9.6 percent to $2.05 in premarket trade after the Wall Street Journal said federal officials were considering a possible change in the terms of an $85 billion loan to the troubled insurer.

Munich Re 3Q profit plummets, 2008 target dropped (AP)
AP - Reinsurer Munich Re AG said Friday that it barely eked out a profit in the third quarter as its investments were hurt by falling stock markets, forcing the company to abandon its full-year earnings forecast for the second time this year.

Stock futures bounce on bargain search; data eyed (Reuters)

Traders work on the floor of the New York Stock Exchange, November 6, 2008. (Brendan McDermid/Reuters)Reuters - Stock index futures rose on Friday as a slide of the past two sessions prompted investors to scour the market for beaten-down shares, but trading was cautious before the government's report on October non-farm payrolls.

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