At 730 Black Friday morning 34th Street in Manhattan was already teeming with shoppers nearly everyone on the street was carrying at least one bulging bag. And a good number of the bargain hunters were from other countries.
Source: CNNMoney
When everyone else has been selling it seems Carl Icahn has decided to throw good money after bad--as in nearly $1 billion bad--by buying almost seven million more of Yahoo shares according to a regulatory filing.Why is he doing it? BoomTown is guessing that the billionaire investor thinks he can recoup some of his massive losses in Yahoo as Jerry Yang prepares to step down and the board on which Icahn sits and names a new leader. Thats why my guess is that the choice of a new CEO is likely to be sooner than later much more Icahn-friendly and strong on operational skills.BoomTowns new guesses Yahoo board member John Chapple or perhaps an ops star like H-Ps Todd Bradley.
Source: AllThingsD
HONG KONG Reuters - Asian stocks edged up in quiet trade on Friday as investors sifted through the remains of a record sixth consecutive month of falls for global equity markets hoping to find some bargains as 2008 winds down.
Source: Reuters
WASHINGTON MarketWatch -- Sales of new homes fell an estimated 5.3% in October to a seasonally adjusted annual rate of 433000 the lowest level since 1991 the Commerce Department reported Wednesday.
Source: MarketWatch
WASHINGTON MarketWatch -- Orders for U.S.-made durable goods fell 6.2% in October the largest decline in two years the Commerce Department estimated Wednesday as orders for transportation goods fell 11.1%. Economists surveyed by MarketWatch had expected an overall decline of 2.5%. Excluding transportation orders fell 4.4%. Orders for core capital equipment - the kind of investments businesses make to expand or update their productive capacity - fell 4% in October after a 3.3% decline in September. October shipments fell 2.4% after a 0.2% dip in September. Excluding transportation shipments fell 1.7% in October after a 0.9% decline in September. New orders for September were revised to a decline of 0.2% compared with the prior estimate of a 0.9% gain.
Source: MarketWatch Personal Finance
A key measure of consumer confidence rose in November after falling to an all-time low the month before as American households continue to grapple with the weak economy.
Source: CNNMoney
NEW YORK Reuters - Prices of single-family homes in September plunged a record 17.4 percent from a year earlier according to the Standard & PoorsCase-Shiller Home Price Indices issued on Tuesday.
Source: Reuters
SYDNEY Reuters - Top global miner BHP Billiton walked away from its $58 billion hostile offer for rival Rio Tinto on Tuesday citing worsening market conditions and European regulators demands it sell prized iron ore and coal assets.
Source: Reuters
General Motors struggling to conserve cash says it will end its endorsement deal with Tiger Woods at the end of the year.
Source: USA Today Money
NEW YORK Reuters - Campbell Soup Co posted a higher-than-expected quarterly profit on Monday due to consumers who bought more of its condensed soups as they sought to save money as well as increased prices.
Source: Reuters
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