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US stocks fall sharply on consumer spending worries
Published December 1, 2008, 4:12 pm, The Star
NEW YORK: The reality that the U.S. is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's big gains.
Rupee's fall sees HD TV plans hit a wall
Published December 1, 2008, 4:12 pm, Business Standard India
With a subscriber base of around 10 million since its launch in 2003, the DTH television service has not been finding it so easy to dislodge the cable operators from people’s homes. In its efforts to attract more people, the HD TV was expected to play a big part.
Mumbai: Need for restraint
Published December 1, 2008, 4:11 pm, Arab News
THE terrorist attacks on Mumbai are nothing less than a crime against humanity. Once again innocent people have been deliberately targeted by monsters on a diabolical mission that to most ordinary people has no rhyme or reason other than raw hatred.
SHOBHANA SUBRAMANIAN: Protecting your portfolio when the market is down
Published December 1, 2008, 4:11 pm, Business Standard India
The Dow was worth 20 ounces of gold both in 1929 and 1980, but bottomed at near one ounce of gold in 1932 and 1980. The recent bear market began with the Dow priced near 43 ounces of gold, and is worth less than 12 ounces today, on its way to re-test the 1932 and 1980 lows.
The Big Question: Has the bottom dropped out of the contemporary art market?
Published December 1, 2008, 4:10 pm, Independent
Why are we asking this now? Because the art market is showing sure signs of faltering after six years of boom.
Shares tumble after Wall St rout
Published December 1, 2008, 4:10 pm, The Age
Aussie market extends retreat.
Roanoke flood project nears completion
Published December 1, 2008, 4:10 pm, WDBJ 7 Roanoke
The flood control project near Roanoke Memorial Hospital is nearing completion. The Army Corps of Engineers is applying lessons learned in the Midwest last year and during Hurricane Katrina.
Palm warns on 2Q revenue, shares drop aftermarket
Published December 1, 2008, 4:09 pm, INO News
(AP:SUNNYVALE, Calif.) Palm Inc. said late Monday it expects revenue for its fiscal second quarter to come in below Wall Street expectations and plans to cut quarterly expenses by $20 million.
Malaysian Market Likely To Extend Losses
Published December 1, 2008, 4:09 pm, INO News
(RTTNews) - The Malaysian stock market has finished lower now in back-to-back sessions after alternating positive and negative closes over the last seven trading days.
Business Highlights
Published December 1, 2008, 4:09 pm, INO News
NEW YORK (AP) _ The stock market suffered one of its worst days since the financial meltdown, slicing 680 points off the Dow Jones industrial average to close Monday at about 8,149 as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.
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