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CA-BUSINESS Summary
Published December 4, 2008, 8:21 am, The Globe and Mail
TORONTO (Reuters) - Canadian Imperial Bank of Commerce said fourth-quarter profit fell 51 percent due to a variety of securities write-downs and mark-to-market losses, but tax benefits helped cushion the blow.
European Notes Rise as Trichet Sees ‘Protracted’ Economic Slump
Published December 4, 2008, 8:19 am, Bloomberg
Dec. 4 (Bloomberg) -- European government notes advanced as the region’s central bank president said the 15-nation economy will keep shrinking into next year as the global credit-market crisis persists.
VirtualHealth Technologies CEO Scott Hare Discusses New Security and Encryption Technologies for Healthcare Sector ...
Published December 4, 2008, 8:15 am, Broadcast Newsroom
NEW YORK , Dec. 4 /PRNewswire-FirstCall/ -- VirtualHealth Technologies (OTC Bulletin Board: VHGI) today announced that the Company is presently featured in an online audio interview at www.CEORoadshow.com . Mr. Scott Hare , CEO for VirtualHealth Technologies, Inc., discusses the company's proprietary encryption and security software as it relates to the healthcare sector in the exclusive ...
New jobless claims drop unexpectedly
Published December 4, 2008, 8:14 am, AP via Yahoo! News
New claims for jobless benefits fell unexpectedly last week but the number of people continuing to receive government aid reached a 26-year high and large companies announced more job cuts Thursday.
China Tells U.S. To Fix Its Economy
Published December 4, 2008, 8:12 am, Manufacturing.net
Beijing promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened economic talks amid a global financial crisis.
Central banks slash interest rates to drive back recession
Published December 4, 2008, 8:10 am, AFP via Yahoo!Xtra News
BRUSSELS (AFP) - European central banks upped the ante sharply on Thursday with a series of dramatic interest rate cuts to tame a deepening recession as France rolled out a 26-billion-euro economic stimulus plan.
Financial industry pushes for lower mortgage rates
Published December 4, 2008, 8:10 am, Dallas Morning News
WASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
CIBC, TD Bank, National Profits Lowered by Writedowns (Update1)
Published December 4, 2008, 8:10 am, Bloomberg
Dec. 4 (Bloomberg) -- Canadian Imperial Bank of Commerce and Toronto-Dominion Bank said fourth-quarter profits dropped, while National Bank of Canada reversed a year-earlier loss as the worst financial crisis since the Great Depression led to record debt writedowns at Canadian lenders.
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Published December 4, 2008, 8:06 am, Provo Daily Herald
WASHINGTON -- The latest evidence of a deepening recession that's already the longest in a quarter-century came Wednesday in a pair of reports that found little relief in sight.
Black Friday Boost Fails to Stem November Sales Drop (Update3)
Published December 4, 2008, 8:01 am, Bloomberg
Dec. 4 (Bloomberg) -- Wal-Mart Stores Inc. was one of a handful of U.S. retailers to post November sales gains after the Wall Street meltdown caused consumers to postpone shopping until the holiday-sales kickoff at the end of last month.
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