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Oil tumbles below $50 as recession called
Published December 1, 2008, 3:53 pm, INO News
(AP:COLUMBUS, Ohio) Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007 and the Dow Jones industrial average fell nearly 700 points.
Oil drops below $50 a barrel
Published December 1, 2008, 3:52 pm, Contra Costa Times
n Poor economic reports continue to show energy demand fading
Gold, other commodities tumble on economic data
Published December 1, 2008, 3:49 pm, The Post-Standard
NEW YORK (AP) — Gold prices and other commodities tumbled Monday, as confirmation that the nation is in a recession further unnerved investors already concerned about a drop off in demand for raw materials.
Palm warns on 2Q revenue, shares drop aftermarket
Published December 1, 2008, 3:48 pm, AP via Yahoo! Finance
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.
Gold, other commodities tumble on economic data
Published December 1, 2008, 3:37 pm, Fort Worth Star-Telegram
By SARA LEPRO Gold prices and other commodities tumbled Monday, as confirmation that the nation is in a recession further unnerved investors already concerned about a drop off in demand for raw materials. The National Bureau of Economic Research, considered the arbiter of when the economy is in recession or expanding, said Monday that the U.S. recession began a year ago, in December 2007. While ...
Asian Share Markets Set To Decline; US Cue, Global Econ Woes
Published December 1, 2008, 3:27 pm, INO News
SINGAPORE (Dow Jones)--Asian stock markets were set to decline Tuesday after Wall Street gave back a large part of its recent gains, with concerns about the outlook for the global economy heading into the end of the year.
US dollar, yen profit from investor risk aversion
Published December 1, 2008, 3:26 pm, Channel NewsAsia
NEW YORK: The US dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.
Dollar, yen profit from investor risk aversion
Published December 1, 2008, 3:25 pm, TODAYonline
Euros and US dollar banknotes in a cash register. The dollar and particularly the yen strengthened on Monday as investors sought safe havens in global economic jitters that sent US and European stock markets plunging.
Share market falls sharply at open
Published December 1, 2008, 3:16 pm, News Interactive
THE share market has fallen sharply this morning after Wall St plunged on confirmation the US was in recession.
AP News Alert: Pilgrim's Pride files for bankruptcy
Published December 1, 2008, 3:06 pm, The Staunton News Leader
PITTSBURG, Texas (AP) _ Chicken producer Pilgrim's Pride is filing for Chapter 11 bankruptcy protection.
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