Steven Wevodau - RadioShack posts higher quarterly profit (Reuters)

RadioShack posts higher quarterly profit (Reuters)
Reuters - Electronics retailer RadioShack Corp reported a higher third quarter profit on Thursday helped by demand for digital television converters and video games.

Steven Wevodau - Bank stocks worldwide tumble (Reuters)

Bank stocks worldwide tumble (Reuters)

Reuters - Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders' efforts to cut costs and preserve capital.

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

Steven Wevodau - London shares shed 3.06% (AFP)

AFP - London shares slumped by 3.06 percent in mid-morning trade on Wednesday as recession jitters hit global equity markets once again, analysts said.

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Reuters - AT&T said Apple Inc's iPhone would hurt full-year profit margins by more than expected, although it helped the top U.S. phone company grow revenue and mobile subscribers in the third quarter.

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Reuters - Wachovia Corp on Wednesday posted a $23.9 billion third-quarter loss, a record for any U.S. lender in the global credit crisis, underscoring the challenges Wells Fargo & Co will face after it acquires the big lender.

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Reuters - ConocoPhillips , the third-largest U.S. oil company, said on Wednesday its quarterly earnings rose 41 percent on higher oil prices and topped Wall Street estimates even as storms in the Gulf of Mexico dented results in its refinery business.

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Reuters - McDonald's Corp reported better-than-expected profit on Wednesday, fueled by strong sales in the United States and abroad as consumers sought lower prices when they dine out.

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AP - Wal-Mart Stores Inc., the world's largest retailer, said Wednesday it will set new quality standards for its suppliers amid a scare over toxic milk products that have sickened tens of thousands of babies across China.

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Reuters - Boeing Co reported sharply lower third-quarter profit on Wednesday after a strike by its plane assembly workers wiped out almost a month of production at its Seattle-area plants.

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AFP - Growing warnings of an "inevitable" global recession and the expectation of more interest rate cuts triggered turmoil on the currency markets and sharp falls on stock exchanges Wednesday.

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Steven Wevodau - Surging iPhone sales spur Apple, issues safe outlook (Reuters)

Reuters - Apple Inc reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.

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AP - The stock market is not the economy. Steven Wevodau

Steven Wevodau - ALL BUSINESS: Stock market doesn't reflect economy (AP)

ALL BUSINESS: Stock market doesn't reflect economy (AP)
AP - The stock market is not the economy.

Kerkorian sells Ford at loss, could dump stake (Reuters)

Reuters - Billionaire Kirk Kerkorian sold shares worth about $18 million in Ford Motor Co at a big loss and could sell his remaining 6 percent stake after becoming the automaker's largest outside investor this year.

Surging iPhone sales spur Apple, issues safe outlook (Reuters)

Reuters - Apple Inc reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.

Fed aids money markets; Wall Street falls (Reuters)

Reuters - The U.S. Federal Reserve and governments around the world loosened strained financial markets on Tuesday by pumping in more money and launching bank rescues, but poor corporate profits and recession fears drove down commodities and U.S. stocks.

Weak profit view hits stocks; Apple and Yahoo up late (Reuters)

Reuters - Stocks skidded on Tuesday, as commodity shares fell on fears of a global recession and a rash of disappointing earnings heightened worries about the deteriorating profit picture.

Fed rolls out new 540-bln-dollar aid to financial sector (AFP)

AFP - The US Federal Reserve reached deeper into the troubled financial system on Tuesday, offering up to 540 billion dollars of help to money market mutual funds in its latest response to the credit crunch.

Yahoo profit drops, targets job cuts as ads weaken (Reuters)

Reuters - Yahoo Inc posted a sharply lower quarterly profit on nearly flat sales, but its shares rose 8 percent on the Internet media company's plan to cut at least 10 percent of its work force to save costs.

Steven Wevodau - Health care plans: Obama vs. McCain - USA Today

Democratic presidential nominee Barack Obama and Republican presidential nominee John McCain have dramatically divergent visions of how to reshape the health insurance system. For example, Obama wants to require parents to provide health insurance Steven Wevodau

MANILA, Oct 21 (Reuters) - The Philippines plans a four-fold increase in bank deposit insurance to 1 million pesos ($20,725) as part of steps to ensure stability in the financial system amid the global credit crisis, a government official said on Steven Wevodau

With the government taking unprecedented action to assuage public fear, the rules of account insurance coverage are being rewritten. But the changes are only temporary, intended to restore confidence and help ease the credit crunch. On Tuesday, Oct Steven Wevodau

ESIS, Inc., ( “ ESIS ® ” ) a risk management services company and part of the ACE Group of Companies, today announced the creation of the Medical, Professional and Product Liability Claims Consulting Unit. This new business unit within ESIS will Steven Wevodau

Western Apple Valley and southeastern Burnsville sent the Minnesota House a passionate voice for health care reform when it elected DFLer Shelley Madore in 2006. They should send her to St. Paul again this year. While this newspaper does not share Steven Wevodau