Archive for November, 2008

FTSE 100 up 38.96 points at 4,403.92 (AP)

AP - Share prices closed higher Monday on the London Stock Exchange.

AP

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Economic slump worry hits stocks; GM plunges (Reuters)

Traders work on the floor of the New York Stock Exchange, November 7, 2008. (Brendan McDermid/Reuters)Reuters - Stocks fell on Monday as doubts about whether China's stimulus plan would avert a deep global economic slump surfaced and investors fretted about General Motors' outlook.

Reuters

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Market loses ground on GM, economic fears (Reuters)

Traders work on the floor of the New York Stock Exchange, November 7, 2008. (Brendan McDermid/Reuters)Reuters - The Dow and the S&P 500 cut gains on Monday, while the Nasdaq briefly turned negative, as investors fretted about General Motors and doubts surfaced whether China's stimulus plan would avert a deep global economic slump.

Reuters

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HSH Nordbank chief resigns due to financial losses (AP)

AP - The chief executive of HSH Nordbank, Hans Berger, resigned on Monday in the wake of the heavy losses incurred by the state-owned bank from the financial crisis.

AP

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Swedish state takes control of Carnegie (AP)

AP - The Swedish state will take control of troubled investment bank Carnegie and sell it off after the country's financial regulator revoked its banking license due to illegal trading activities.

AP

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  • FTSE closes down (AFP)