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For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Afghanistan Sun.com http://www.afghanistansun.com/index.php/ct/10/id/3a8a80d6f705f8cc/ en-us Sat, 22 Nov 2008 07:30:01 -0500 Sat, 22 Nov 2008 07:30:01 -0500 30 Dow gains nearly 500 points as U.S. stocks roar U.S. stocks soared Friday, with gains accelerating in the final hour of trading. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433113/cs/1/ Fri, 21 Nov 2008 13:49:13 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433113/cs/1/ Timothy Geithner tipped to be new U.S. Treasury Secretary U.S. media report President-elect Barack Obama has decided to nominate Timothy Geithner, head of the Federal Reserve Bank of New York, to be his treasury secretary. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433140/cs/1/ Fri, 21 Nov 2008 19:15:17 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433140/cs/1/ Big global names buckling under pressure The global economic crisis is hitting different nations and industries around the world. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433142/cs/1/ Fri, 21 Nov 2008 19:23:11 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433142/cs/1/ Economy in India slowing as companies abandon expansion plans Many Indian companies are slowing expansion plans as they cope with the global economic downturn. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433143/cs/1/ Fri, 21 Nov 2008 19:57:13 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433143/cs/1/ Bush meets Chinese President Hu at Peru APEC summit U.S. President George Bush is in Peru for his final Pacific Rim summit. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433141/cs/1/ Fri, 21 Nov 2008 19:18:26 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433141/cs/1/ Pentagon takes on global Internet virus Cyberspace is a warfighting domain, and the Defense Department is taking steps to defend this crucial capability, a Pentagon spokesman said Friday. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433151/cs/1/ Fri, 21 Nov 2008 20:01:50 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433151/cs/1/ Wall Street surges after two-day fall New York, Nov 21 (Xinhua) Wall Street rallied Friday after reports that US president-elect Barack Obama plans to name New York Federal Reserve President Timothy Geithner as treasury secretary. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433154/cs/1/ Fri, 21 Nov 2008 21:00:02 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433154/cs/1/ IBM to build computer circuits that mimic brains London, November 22 : An Indian-origin IBM expert has revealed that the company is all set to lead a U.S. Government-funded research project that aims at inventing electronic circuits that mimic brains. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433220/cs/1/ Sat, 22 Nov 2008 03:00:45 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433220/cs/1/ Arab bourses suffer as Gulf stock loses $538 bn Arab stock markets continued their downward journey this week, with financial analysts Friday citing unjustified 'panic and psychological pressures' from the turmoil on global markets. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433103/cs/1/ Fri, 21 Nov 2008 11:00:51 -0500 Afghanistan Sun.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/433103/cs/1/ Anti-piracy options fraught with difficulties as world mulls tougher response "We have a full range of options ... that allow us to stop pirates from attacking merchant vessels," said Cmdr. Jane Campbell, a spokeswoman for the 5th Fleet in Bahrein. "But once the ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765712/ Sat, 22 Nov 2008 04:47:08 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765712/ Third-Quarter Earnings Up for QNB&T ) November 22, 2008 -- Despite challenging economic times, year-to-date income, as of September 30, 2008, is up slightly to $4,624,000. Total assets have increased by $69,000,000, reaching a total of ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765713/ Sat, 22 Nov 2008 04:44:47 -0500 PR Web http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765713/ Citigroup reeling as stock tumbles NEW YORK -- Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company.As the banking giant's shares ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765715/ Sat, 22 Nov 2008 04:41:09 -0500 Miami Herald http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765715/ Oil, mining stocks track burst of buying on Wall Street NEW YORK (Menafn - MarketWatch) -- Canadian shares surged late Friday, fueled by a Wall Street rally on news that the incoming administration of President-elect Barack Obama has made some selections f... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765716/ Sat, 22 Nov 2008 04:40:50 -0500 MENAFN http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765716/ The Bank of England must remain independent to help us avoid deflation or soaring inflation perceived threat appears to strengthen the case: after all, deflation is difficult to deal with using just rates. Once prices start falling, even zero interest rates become ineffective, as the consume... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765717/ Sat, 22 Nov 2008 04:38:08 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765717/ Burgan Bank teams up with Microsoft for Gulf Imagine Cup 2009 As per the collaboration, Burgan Bank will sponsor the Kuwait leg of the Gulf Imagine Cup 2009, facilitate the mentoring of registered teams and on-campus elimination rounds as well as support the Kuw... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765718/ Sat, 22 Nov 2008 04:32:39 -0500 AME Info http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765718/ Pressure builds on Citigroup to sell part or all of itself Reporting from New York -- Pressure intensified on Citigroup Inc. to sell part or all of itself as its stock fell below $4 a share Friday and fears escalated about future loan losses.Chief Executive ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765722/ Sat, 22 Nov 2008 04:18:40 -0500 Los Angeles Times http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765722/ Citigroup Tries to Stop the Drop in Its Share Price For months, the nation’s largest banks have struggled to regain investors’ trust. In the center of the vortex is Citigroup, whose precipitous stock-market plunge accelerated on Thursday,... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765725/ Sat, 22 Nov 2008 03:53:15 -0500 Gadsden Times http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765725/ LG Electronics and Microsoft Sign MOU on Mobile Convergence LG Electronics, a worldwide technology and design leader in mobile communications and Microsoft Corporation, the worldwide leader in software, services and solutions, http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765719/ Sat, 22 Nov 2008 04:27:12 -0500 24 / 7 Press Release http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765719/ Wine buyers are sobered by Wall Street meltdown In most years, store manager Diana Hirst considers herself lucky if she can snag six bottles of $265 Araujo Napa Valley cult Cabernet Sauvignon to stock in her Costa Mesa wine shop.This year she can g... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765721/ Sat, 22 Nov 2008 04:18:53 -0500 Los Angeles Times http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765721/ Will sinking Citigroup get a lifeline NEW YORK – With the sharp stock-market decline for Citigroup rapidly becoming a full-blown crisis of confidence, the company’s executives on Friday entered into talks with federal official... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765724/ Sat, 22 Nov 2008 04:07:19 -0500 The News Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765724/ Wall Street eyes holiday season with little to cheer Wall Street enters the year-end holiday season this coming week with little to cheer about as the worst bear market in decades appears to be grinding on. While some say stocks have been beaten down to... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765730/ Sat, 22 Nov 2008 03:47:40 -0500 Breitbart http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765730/ Wal-Mart CEO Scott will retire in February Comment on this story NEW YORK - Wal-Mart, the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its internatio... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765723/ Sat, 22 Nov 2008 04:12:26 -0500 News & Observer http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765723/ GM weighs bankruptcy option WASHINGTON: The board of directors of embattled U.S. automaker General Motors Corp is considering "all options" including bankruptcy, according to a report on the Wall Street Journal's website late... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765731/ Sat, 22 Nov 2008 03:45:12 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765731/ Deflation next challenge on horizon FRANKFURT/WASHINGTON: With recession now a reality in major economies from Japan to Germany, policymakers are starting to fret about the chance of a phenomenon many see as even more deadly; deflati... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765732/ Sat, 22 Nov 2008 03:45:11 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765732/ Indian techie in Intel theft pleads not guilty NEW YORK: An Indian techie, indicted by a federal jury of theft of trade-secret data of Intel worth $1 billion and wire fraud, has pleaded not guilty. Bishwamohan Pani, 33, was arraigned before ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765733/ Sat, 22 Nov 2008 03:45:11 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19765733/ Strike looms at Hastings hospital About 230 employees at Regina Medical Center in Hastings are spending today making final preparations for a two-day strike they have called for next week. Nurses aides, X-ray technicians, physical th... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763522/ Sat, 22 Nov 2008 02:25:07 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763522/ U.S. stocks look for respite in holiday-shortened week NEW YORK (MarketWatch) -- U.S. stocks will start next week with investors looking for some respite after reports of key nominations to the administration of President-elect Barack Obama helped stem he... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763523/ Sat, 22 Nov 2008 02:19:32 -0500 MarketWatch http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763523/ Get Off of My Cloud Corporate America is increasingly leaving computing to the experts. Why go to the trouble and expense of building and managing complex systems to handle your spiraling data-crunching needs when anothe... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763528/ Sat, 22 Nov 2008 02:03:55 -0500 Business Week http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763528/ Minneapolis landed Southwest with data and fish "Minneapolis," the other 1% say "Twin Cities," and 0% say "St. Paul." Fly to DC and you might land in Virginia, fly to Cincinnati and you land in Kentucky, fly to Detroit and you land someplace called... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763521/ Sat, 22 Nov 2008 02:25:08 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763521/ Stocks in focus for Monday $INDU ] Stocks climb on report Obama will tap Geithner for Treasury ','Obama picks Richardson as commerce secretary: report','Obama chooses Geithner as Treasury secretary: report','Hillary Clinton acc... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763524/ Sat, 22 Nov 2008 02:19:33 -0500 MarketWatch http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763524/ Citigroup, CBS, Gap, Whole Foods, Dell WFMI ; 8.44 We view Whole Foods as our worst-positioned food retailer in this weakening economic environment. We believe its high-priced offerings along with rising competition exposes it to sign... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763529/ Sat, 22 Nov 2008 02:03:45 -0500 Business Week http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763529/ CHS sees 2008 earnings rise CHS Inc. posted net income of $803 million in fiscal 2008, up about 6 percent from $756.7 million in 2007, the company said Friday. Inver Grove Heights-based CHS generated revenue of $32.2 billion fo... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763525/ Sat, 22 Nov 2008 02:12:12 -0500 The Business Journal http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763525/ Struggling Citigroup seeks federal advice NEW YORK -- With the sharp stock market decline for Citigroup rapidly becoming a full-blown crisis of confidence, the company's executives entered into talks with federal officials on Friday about how... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763526/ Sat, 22 Nov 2008 02:08:18 -0500 Seattle Post-Intelligencer http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763526/ Big Bargains For Savvy Shoppers The current deals are the best the company's commercial director, Bob Darke, can remember. "These bargains are definitely not here forever," he said. "Some of these products and prices are absolutel... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763532/ Sat, 22 Nov 2008 02:02:53 -0500 Sky News http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763532/ Pressure on Citigroup builds, shares fall below $4 NEW YORK (AP) - Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told manage... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763536/ Sat, 22 Nov 2008 01:28:49 -0500 Breitbart http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763536/ Biggest Cruiseliner Touches Water Build a bigger one. And think of even more weird and wonderful ideas. Oasis of the Seas is not only the largest liner in the world, but also the most expensive at not far off a mere £1bn. So what d... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763531/ Sat, 22 Nov 2008 02:02:51 -0500 Sky News http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763531/ US regulators shut 2 California banks WASHINGTON: Federal regulators have shut down two banks based in California, saying they fell victim to the acute distress in the housing market in that state. The failures on Friday of Downey S... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763539/ Sat, 22 Nov 2008 01:26:16 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763539/ PSU heads catch with pvt peers NEW DELHI: Time was when paypackets separated the men from the boys, with public sector bosses falling way behind their private sector peers. Now, CEOs of government-owned companies can give some o... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763537/ Sat, 22 Nov 2008 01:26:15 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19763537/ Investors await sign it is safe to go back into stock markets With stock markets in the doldrums, a period of stability and some sign of economic encouragement at the very least are needed before they start to recover. Both the FTSE Eurofirst Index, which monito... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761352/ Fri, 21 Nov 2008 23:55:17 -0500 The Independent http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761352/ Asian stocks mostly higher after recovery early losses HONG KONG -- Asian stocks staged a rebound Friday to close broadly in the black after suffering big losses early on following a sell-off on Wall Street overnight. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761354/ Fri, 21 Nov 2008 23:53:05 -0500 The China Post http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761354/ Wall St rallies over new Treasury chief WALL Street staged a strong late rally overnight as traders cheered reports New York Federal Reserve chief Timothy Geithner would be named the next Treasury secretary. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761362/ Fri, 21 Nov 2008 23:36:42 -0500 News.com.au http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761362/ Palm cutting jobs as competition intensifies SAN FRANCISCO (Reuters) - Struggling smartphone maker Palm Inc said Friday it is cutting its workforce, a move the company takes as it loses market share to rivals Apple Inc and Research in Motion Ltd... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761367/ Fri, 21 Nov 2008 23:34:08 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761367/ EnteroMedics secures $20 million loan for study A Roseville company that is developing a unique medical device to treat obesity has closed on a $20 million loan to help fund a clinical study testing the device. EnteroMedics Inc. said Friday that t... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761351/ Sat, 22 Nov 2008 00:03:15 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761351/ Cable holds its own in subscriber battle In the battle for broadband subscribers, cable fared well against telephone companies nationwide in the third quarter of 2008, according to a study. The top cable companies added more than 873,000 ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761368/ Fri, 21 Nov 2008 23:33:58 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761368/ Citigroup considers fire sale as shares dive Citigroup assembled its board to "think the unthinkable" yesterday, with a fire sale or a break-up of the financial giant on the table. The company's shares plunged for the fifth straight day, as... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761353/ Fri, 21 Nov 2008 23:55:13 -0500 The Independent http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761353/ Wal-Mart names Mike Duke, 58, to succeed Lee Scott as its CEO Anne D�Innocenzio, The Associated Press November 21, 2008 - 10:11 p.m. NEW YORK - Wal-Mart Stores, the world's largest retailer, has unexpectedly announced that its chief executive will retire in F... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761357/ Fri, 21 Nov 2008 23:50:50 -0500 Canadian Business http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761357/ Best Buy hopes Guns N Best Buy is the only store where you'll be able to buy the long-awaited new Guns N' Roses. It joins other big-box retailers in such exclusive deals. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761349/ Sat, 22 Nov 2008 00:03:21 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761349/ Committee appointed for Petters creditors "incomprehensible" that Petters inner circle of crooks, Petters lawyers and accountant, [also negligent crooks] the negligent and/or corrupt hedge fund generals, [Greg Bell never checked anything] Lan... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761350/ Sat, 22 Nov 2008 00:03:23 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761350/ Citigroup under pressure to sell all or parts of company Citigroup to sell part or all of itself as its stock fell below $4 a share Friday and fears escalated about future loan losses. Chief executive Vikram Pandit told managers earlier in the day that h... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761369/ Fri, 21 Nov 2008 23:33:54 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761369/ Mexican economy expands 1.6 pct, slowest yearly growth since 2003 MEXICO CITY - Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls. The National Statistics Institute on Friday sai... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761347/ Sat, 22 Nov 2008 00:03:19 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761347/ U.S. Bancorp acquires Downey, PFF deposits Stock Buzz ) agreed to acquire the deposits of Downey Savings and Loan Association and PFF Bank & Trust, the latest in a growing list of banks to fail this year, U.S. banking regulators said on Fr... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761366/ Fri, 21 Nov 2008 23:34:10 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761366/ FDIC will guarantee up to $1.4 trillion in bank debt; Wall Street rallies on Geithner pick Marcy Gordon November 21, 2008 - 10:57 p.m. WASHINGTON (AP) - Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt in a bid to get the distressed financial system pu... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761358/ Fri, 21 Nov 2008 23:50:53 -0500 Canadian Business http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761358/ Citigroup plunges on uncertainty Shares in Citigroup, one of the biggest banks in the US, plunged on Friday amid uncertainty about the firm's future. The firm's stock rose in early trading but later tumbled to end the day 20% lower ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761373/ Fri, 21 Nov 2008 22:58:41 -0500 BBC http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19761373/ Stocks jump on Obama cabinet news Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system. The Dow Jones industrial average, which had broken even for the day until news of ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757706/ Fri, 21 Nov 2008 20:53:43 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757706/ General Motors to give up two of five leased executive jets, as it teeters on brink of insolvency General Motors yesterday belatedly promised to give up two of its five leased executive jets, after its boss had used one to fly to Washington to plead for more government cash in order to stay in bus... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757665/ Fri, 21 Nov 2008 21:15:38 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757665/ Citigroup shares drop and CEO plans to keep Smith Barney NEW YORK (Reuters) - Citigroup Inc shares tumbled for a fifth straight day on doubts about its survival prospects after its chief executive downplayed speculation the bank might sell major businesses ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757691/ Fri, 21 Nov 2008 20:57:29 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757691/ Citigroup, AnnTaylor, Smucker, Gap big movers NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE AnnTaylor Stores Corp., down 52 cents at $4.83 http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757714/ Fri, 21 Nov 2008 20:38:12 -0500 New Jersey Online http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757714/ Microsoft moves to end Vista Capable case Microsoft has filed motions to dismiss the class action law suit it faces over its Vista Capable marketing campaign.Lawyers for the company have asked U.S. District Court Judge Marsha Pechman to dec... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757690/ Fri, 21 Nov 2008 20:58:29 -0500 Infomatics http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757690/ Captain of Greek vessel on the ordeal modern-day piracy has created for crews Greece has the biggest merchant fleet in the world. Here Panayiotis Tzanetakos, captain of the 75,000-tonne Greek-flagged Ellivita, speaks to Helena Smith about the ordeal modern-day piracy has create... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757673/ Fri, 21 Nov 2008 21:15:20 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757673/ Stocks eye Citigroup, Geithner NEW YORK (Reuters) - Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday's big rally and preventing November from... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757718/ Fri, 21 Nov 2008 20:22:36 -0500 Breitbart http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757718/ Forecourt price war breaks out with fuel at less than 90p a litre A new forecourt price war broke out yesterday after the supermarket chain Morrisons cut the price of unleaded petrol to 89.9p a litre and diesel to 105.9p.The UK's fourth largest forecourt petrol reta... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757664/ Fri, 21 Nov 2008 21:15:41 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757664/ Dell earnings down, earnings per share up reported a slight dip in third-quarter earnings, citing a “slowdown in global IT spending.” Dell's third-quarter earnings fell about 5 percent to $727 million on revenue of $15.2 bill... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757681/ Fri, 21 Nov 2008 21:10:05 -0500 Austin Business Journal http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757681/ FDIC OKs $1.4T plan to activate bank lending WASHINGTON (AP) _ The FDIC will guarantee up to $1.4 trillion in U.S. banks' debt for more than three years as part of the government's financial rescue plan.The directors of the Federal Deposit Insur... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757707/ Fri, 21 Nov 2008 20:53:40 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757707/ BlackBerry makers launches patent challenge against Eastman Kodak TORONTO - Research In Motion (TSX:RIM) has filed a court challenge against Eastman Kodak Co., alleging that the camera company infringed on patents held by RIM - maker of the BlackBerry smartphones. ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757687/ Fri, 21 Nov 2008 21:03:26 -0500 C News http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757687/ Job losses in Damien Hirst He is one of the world's richest artists, who defied the credit crunch in September by auctioning a whole collection for £111m. But even Damien Hirst may not be immune to the economic climate - ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757669/ Fri, 21 Nov 2008 21:15:32 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757669/ GM cuts output, jets as U.S. demands turnaround plans DETROIT/WASHINGTON (Reuters) - Detroit automakers began work on turnaround plans demanded by Congress in return for $25 billion in aid as General Motors Corp said it would cut production more and give... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757704/ Fri, 21 Nov 2008 20:53:52 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757704/ Battered FTSE ends the week 10% lower slumped to its third-worst week on record last night, closing at its lowest level since April 2003, amid further signs of the frailty of the world economy. The index of London's leading companies clos... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757672/ Fri, 21 Nov 2008 21:15:22 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757672/ Cooper Industries cuts earnings outlook citing credit crisis SAN FRANCISCO (MarketWatch) -- Electrical parts maker Cooper Industries Ltd. added its voice Friday to a growing chorus of manufacturers warning that tight credit markets and economic uncertainties ar... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757659/ Fri, 21 Nov 2008 21:19:23 -0500 MarketWatch http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757659/ Leaders of Asia and the Americas under pressure to staunch financial crisis, free up trade LIMA, Peru - Leaders of Asia and the Americas faced mounting pressure Friday to stop the spread of the financial crisis and resuscitate moribund free-trade talks as they flew into Lima for a weekend ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757653/ Fri, 21 Nov 2008 21:25:48 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757653/ Tiffany shares hit a low as economic woes continue All Associated Press news NEW YORK (AP) - Shares of Tiffany & Co. slipped to a multi-year low before rebounding on Friday, after an analyst warned that softening consumer spending and declining to... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757721/ Fri, 21 Nov 2008 20:17:23 -0500 CNBC http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757721/ Symantec Sees Spike in Dangerous Microsoft Attacks November 21, 2008 — IDG News Service — Symantec is warning of a sharp jump in online attacks that appear to be targeting a recently patched bug in Microsoft's Windows operating syst... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757710/ Fri, 21 Nov 2008 20:53:01 -0500 CIO http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757710/ Number losing homes hits nine-year high The government was accused yesterday of failing to protect struggling homeowners from aggressive lenders after the number of repossessions hit a nine-year high.Opposition MPs and anti-poverty campaign... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757662/ Fri, 21 Nov 2008 21:15:48 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757662/ Farmers, Coca-Cola Factories Vie for Scarce Water Supply in India In the Indian state of Rajasthsan, farmers have accused Coca-Cola factories of drawing too heavily on the area's water supplies and contributing to pollution. Fred de Sam Lazaro reports on the controv... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757656/ Fri, 21 Nov 2008 21:22:51 -0500 PBS http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757656/ Sypris Solutions, Inc. Reschedules November 25th Investor... SYPR today announced that the company’s previously scheduled conference call on Tuesday, November 25, at 9:00 a.m. (Eastern Time), to discuss the results of the company’s comprehensive strategi... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757722/ Fri, 21 Nov 2008 20:17:22 -0500 CNBC http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757722/ Wal-Mart agrees to buy wind power for Texas stores has made a step toward being “green” with its recent purchase of wind energy to power about 360 stores and other facilities across Texas. The Bentonville, Ark.-based retail giant purchase... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757682/ Fri, 21 Nov 2008 21:10:06 -0500 Austin Business Journal http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757682/ Fitch downgrades credit ratings for nine building societies The credit ratings agency Fitch downgraded nine UK building societies yesterday, saying falling house prices and the worsening economy were likely to hit profits in the mutual sector. The agency said ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757670/ Fri, 21 Nov 2008 21:15:26 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757670/ Boeing halts rotorcraft output after debris found Boeing spokesman John Williamson said the company received the notice from the Pentagon's Defense Contracts Management Agency (DCMA) on Friday, which means the government will not accept any aircraft ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757705/ Fri, 21 Nov 2008 20:53:49 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757705/ Jailed fraudster Conrad Black asks for clemency from Bush Conrad Black, the disgraced British peer serving a 6½-year sentence in Florida for defrauding millions from his former media empire, has asked President Bush to grant him clemency before leavin... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757660/ Fri, 21 Nov 2008 21:15:52 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757660/ 30,000 jobs at risk as Woolworths teeters on the brink More than 30,000 retail jobs were at risk last night as Woolworths fought to avoid collapse and the fashion discount chain MK One crashed into administration for the second time in a year.Woolworths' ... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757661/ Fri, 21 Nov 2008 21:15:49 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757661/ The Community Bank closed, 20th failure of the year SAN FRANCISCO (MarketWatch) -- Loganville, Ga.-based The Community Bank has been closed by regulators, the Federal Deposit Insurance Corp. said late Friday, marking the 20th bank failure so far this y... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757658/ Fri, 21 Nov 2008 21:19:24 -0500 MarketWatch http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757658/ Variables of foreclosure picture dog Dolan Media Dolan Media, which serves the legal and business communities, has seen its stock price savaged by 90 percent over the past year. Ironically, that has occurred even though one of the company's big bus... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757654/ Fri, 21 Nov 2008 21:25:46 -0500 Star Tribune http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757654/ Jittery Markets, Weak Data Cap Grim Week on Wall Street After a week of stock market dives and gloomy economic data, U.S. markets rebounded Friday, apparently on news reports that President-elect Barack Obama may choose Timothy Geithner as Treasury chief. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757655/ Fri, 21 Nov 2008 21:22:56 -0500 PBS http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757655/ Wal-Mart previews Black Friday deals to draw sales SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc previewed some of the deep discounts it plans to offer right after Thanksgiving next week, part of a promotional strategy that has kept cash-strapped cust... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757695/ Fri, 21 Nov 2008 20:57:10 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757695/ NY Days Inn exec fined $105M in tax-fraud case Tollman was a principal in Tollman-Hundley Hotels, which owned and managed more than 50 Days Inn hotels nationwide. AP-ES-11-21-08 1649EST http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757709/ Fri, 21 Nov 2008 20:53:34 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757709/ Investment chief leaves fund manager New Star The embattled fund manager New Star Asset Management said yesterday that its joint chief investment officer Stephen Whittaker was leaving. Whittaker will be replaced by Trevor Green on its UK Growth f... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757671/ Fri, 21 Nov 2008 21:15:23 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757671/ US shares up on US shares have risen sharply, following a report that US President-elect Barack Obama has chosen his treasury secretary, reassuring investors. The Dow Jones Industrial Average added 494 points or 6.5... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757723/ Fri, 21 Nov 2008 20:17:01 -0500 BBC http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757723/ Hilfiger handbag designer gets prison in $20M theft Tommy Hilfiger has been sentenced to 5½ years in prison for stealing nearly $20 million from his employer. Martin Bodner was sentenced Friday in federal court in http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757708/ Fri, 21 Nov 2008 20:53:37 -0500 Newsday http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757708/ RMG Capital Corporation Reports Third Quarter Earnings RMGC ), the holding company for Fullerton Community Bank, F.S.B. in Fullerton, California, announced results for the third quarter of 2008. RMG Capital Corporation announced year-to-date net inco... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757657/ Fri, 21 Nov 2008 21:19:59 -0500 Market Wire http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757657/ Wall Street surges back Friday, Dow up nearly 500 points Following the positive results on Wall Street, the arrow turned up for most of the Memphis-based public companies Friday. Shares of 10 of the 14 Memphis public companies ended the day up, led by http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757680/ Fri, 21 Nov 2008 21:10:19 -0500 Memphis Business Journal http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757680/ Obama moves to pick Geithner for Treasury CHICAGO (Reuters) - President-elect Barack Obama on Friday moved toward nominating Timothy Geithner as Treasury secretary and charging the respected head of the New York Federal Reserve with helping p... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757701/ Fri, 21 Nov 2008 20:53:58 -0500 Reuters http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757701/ Geithner, apparent Treasury pick, is no Wall Street man If nothing else, Wall Street may be gratified that Obama is moving quickly to put his economic team together, given the overwhelming challenges the new president faces on that front. http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757698/ Fri, 21 Nov 2008 20:55:33 -0500 Associated Press http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757698/ For Exiting Wal-Mart CEO, a Victory Lap Wal-Mart watchers see the change as more of a victory lap than a forced departure for the 59-year-old Scott, whose tenure had been marred by disappointing results and controversy until this year. &quo... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757689/ Fri, 21 Nov 2008 21:02:11 -0500 Business Week http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757689/ Venezuelan oil falls to lowest price in 22 months CARACAS: Prices for Venezuelan oil reached their lowest level in 22 months on Friday as fears of a global recession stalled demand, slashing the main source of cash for President Hugo Chavez's heft... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757720/ Fri, 21 Nov 2008 20:19:59 -0500 Times Of India http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757720/ Citigroup plight follows familiar plot It seemed unthinkable, even at the height of the banking crisis last month, but it could happen: Citigroup, once the world's largest bank, could be nationalised in part or whole by the US government.T... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757667/ Fri, 21 Nov 2008 21:15:33 -0500 Guardian http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757667/ Citigroup shares plunge another 20% to multi-year lows C ) continued to decline on Friday following their plunge below $5 during Thursday's trading, as hedge funds were forced to unload their holdings to meet the mandatory requirements of not holding sh... http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757727/ Fri, 21 Nov 2008 20:15:39 -0500 Quote.com http://story.afghanistansun.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/19757727/