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Business - Top Stories latest news



Tech Was Resurgent Pre-Crisis
We could conclude that immediately prior to the financial market meltdown, tech stocks were trying to improve upon the growth trends. We talk about ATML, MCHP, ONNN and NAPS.
Zacks Friday, October 10, 2008

Credit squeeze puts Deripaska on the ropes
The global financial crisis is bringing Russia's highest-flying oligarch down to earth
The Globe and Mail Friday, October 10, 2008

Dollar's decline offers relief
Export market tilts in favour of manufacturers as loonie hits low not seen since early 2007
The Globe and Mail Friday, October 10, 2008

Panic strangles Asia stocks; yen firm
HONG KONG (Reuters) - Asian stocks plunged on Friday, with Japan's Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after global efforts so far failed to unlock credit markets.
Reuters Friday, October 10, 2008

U.S. Weighs Backing Bank Debt
U.S. officials are discussing temporarily backing all U.S. bank deposits if economic conditions continue to worsen, a move that would mark another unprecedented step.
Wall Street Journal Friday, October 10, 2008

Nonprofits, charities brace for the worst
At the Curry Senior Center in San Francisco's Tenderloin, which serves breakfast to hundreds of low-income elders every day, peanut butter for the toast is now a thing of the past. It is a $5,000 annual cost the center can no longer afford. At the William and...
San Francisco Chronicle Friday, October 10, 2008

Japan to propose bailout fund at G-7
Japan is set to propose to the world's leading industrialized nations that a joint fund be set up to give emergency loans to nations hit by the growing financial crisis, the finance minister said Friday. Japanese Finance Minister Shoichi Nakagawa said he is...
San Francisco Chronicle Friday, October 10, 2008

Consumer News
Recall alert Hasbro nerf toy, gas vent dampers are faulty The following recalls have been announced: About 330,000 units of Nerf N.
The Salt Lake Tribune Friday, October 10, 2008

Business Glance
Oil prices closed at their lowest level in a year Thursday, falling below $85 a barrel even after OPEC signaled it may try to slow crude's downward spiral by cutting production.
The Salt Lake Tribune Friday, October 10, 2008

Minerals unit helps Weir lift profit forecasts
A BULLISH Weir Group yesterday boasted that its full-year profits would be higher than expected after an improved performance and a resurgent dollar.
Scotsman Friday, October 10, 2008

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