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CA-BUSINESS Summary
Published December 4, 2008, 2:05 pm, The Globe and Mail
TORONTO (Reuters) - Three of four Canadian banks reported lower profits on Thursday, but the results of the big players were either in line with market expectations or with the banks' own warnings in recent weeks.
Putin Offers Cash to Worried Nation
Published December 4, 2008, 1:55 pm, The Moscow Times
05 December 2008 Prime Minister Vladimir Putin spent more than three hours Thursday afternoon trying to calm Russians concerned that they may be victimized by yet another economic crisis, promising to pour billions of rubles into social programs.
Poor economy is the nail in the RV industry's tire
Published December 4, 2008, 1:55 pm, Tucson Citizen
LOUISVILLE, Ky. - Under the gloom of plunging motor home sales and with travel trailers stacking up on lots, recreational vehicle makers and dealers at their national trade show this week tried to lift their spirits by joining in song.
U.S. Stocks Drop, Led by GM; Exxon Falls on $25 Crude Forecast
Published December 4, 2008, 1:51 pm, Bloomberg
Dec. 4 (Bloomberg) -- U.S. stocks fell for the first time in three days, pushed down by concern General Motors Corp. may file for bankruptcy and a plunge in energy shares following Merrill Lynch & Co.’s prediction that oil will hit $25 a barrel.
Oil Falls Below $44, Lowest Since January 2005, as Demand Drops
Published December 4, 2008, 1:46 pm, Bloomberg
Dec. 4 (Bloomberg) -- Crude oil fell below $44 a barrel to the lowest since January 2005 and gasoline futures dropped below $1 a gallon as the deepening recession in the U.S., Europe and Japan cuts fuel consumption.
Could electric cars charge up struggling automakers?
Published December 4, 2008, 1:28 pm, McClatchy Washington Bureau
WASHINGTON — Now that automakers are all busy gearing up to make electric vehicles, consumers should be getting a choice of roomy, speedy, gasoline-free models that charge up at a standard 110-volt socket.
Carmakers Win Dilution of EU Emissions Law
Published December 4, 2008, 1:20 pm, BusinessWeek
Will Recent Contracts Help Lockheed Martin Weather the Storm?
Published December 4, 2008, 1:16 pm, Schaeffers Research
This article notes the potential %241.1 billion in contracts that Lockheed Martin (LMT: sentiment, chart, options) recently scored, with the aerospace issue slated to build weather satellites for the National Oceanic and Atmospheric Administration...( Read More )
Solar car completes 1st ever round-the-world trip
Published December 4, 2008, 1:07 pm, San Francisco Chronicle
If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's journey even more remarkable....
Economic blues push crude below $44
Published December 4, 2008, 12:50 pm, Houston Chronicle
Prices may dip below $25 a barrel next year if the recession spreads to China, Merrill Lynch & Co. said in a report today.
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