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Federal Court Upholds Drug Privacy Law
The court upheld the right of states to prohibit the sale of doctor-specific prescription drug data that is widely used in pharmaceutical marketing.
Advertising: A Drink Backed by a Sports Hero
Dr Pepper plans to announce that it is promoting a video game player, Halo 3 player Tom Taylor, on bottles that it will distribute nationally.
Square Feet: Byproducts Becoming Cornerstones
To reduce the environmental costs of concrete, developers are replacing some portland cement with recycled materials such as coal ash and blast-furnace slag.
Treasury to Review New Tax Break Plan
The Treasury Department?s inspector general will review a quiet change in tax policy that stands to give banks a windfall of billions of dollars, a top official said.
Breakingviews.com: Convertible Debt Is Hanging Heavy
Maturing convertible debt may push some companies into suitors? arms, and falling demand will hit Hewlett-Packard?s profits sooner or later.
A Former Anchor, Dan Abrams, to Form a Consulting Firm
Dan Abrams is forming a consulting firm that he hopes will connect a global Rolodex of media experts with businesses that need strategic advice.
Dutch Insurer May Tap Fund
Aegon, the Dutch owner of the American insurer Transamerica, said it had signed up with the United States? financial rescue program but added it did not yet plan to ask for aid.
Storms on the Horizon for the Golf Industry
Although golf has long been perceived as recession proof, some involved in the sport are learning otherwise.
Tragedy Tomorrow, Economic Woes Tonight
Those in the industry wonder not only about empty theaters, but also about the effect on the stream of creative work.
AARP Orders Investigation Concerning Its Marketing
After a Senate inquiry found evidence of deceptive marketing, AARP has hired an outside investigator to look into sales of some of its popular health insurance products.
Exchange Rate Hurts Profit at Medtronic
Medtronic, the medical device maker, said that legal expenses and declining foreign exchange rates weighed down its quarterly profit.
Legal Tangles of ?Project Runway? Keep It Frozen on the Catwalk
Producers have already shot segments for the series?s sixth season, but those new episodes are unlikely to be seen for several months, according to people involved in the case.
Wal-Mart Gives Fresh Food to Help Combat Hunger
Wal-Mart Stores Inc. plans to give more than 90 million pounds of fresh food annually to the nation?s largest nonprofit organization addressing hunger, Feeding America.
Asia stocks fall as economic outlook darkens
Reuters - Asian stocks fell more than 1 percent on Wednesday and the yen rose, with risk-averse investors fretting about the deepening damage to corporate profits and consumer spending despite a late rally on Wall Street.
Boeing to delay jet deliveries: report
Reuters - Plane maker Boeing Co is reworking its entire production schedule, adding up to 10 weeks to original delivery dates for all 3,734 jetliners in its order backlog as it tries to recover from a machinists' strike, the Wall Street Journal said, citing people familiar with the situation.
Non-residential construction index falls: AIA
Reuters - A forward-looking index of U.S. nonresidential construction activity fell to the lowest level in its 13-year history last month as spending slumped on healthcare and educational facilities, an architects' trade group said on Wednesday.
Treasury Denounced Over Bailout
Financial officials faced new calls from Congress to aim more of the relief package at helping homeowners.
Global liquidity crisis 'is over'
The head of Japan's leading brokerage, Nomura Holdings, suggests that the global liquidity crisis is over.
Mazda buys own shares from Ford
Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
Global stocks sag as auto woes stir caution
Reuters - Most Asian stocks edged down on Wednesday and regional currencies slid, as a plea from U.S. automakers for a bailout from Washington highlighted how the financial crisis is hurting broad swathes of the global economy.
Toyota to cut output, Nissan downbeat
Reuters - Reeling from a relentless sales slide, Toyota Motor Corp (7203.T) said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co (7201.T) renewed its pessimism over the industry's near-term prospects.
Nomura head sees Japan local bank consolidation
Reuters - The head of Nomura Holdings Inc (8604.T), Japan's largest brokerage, said he expects more global acquisitions and consolidation among Japanese regional banks as the financial crisis takes its toll on economies around the world.
US car companies seek $25bn aid
The bosses of the three biggest US carmakers, Ford, GM and Chrysler, ask Congress for a $25bn bail-out.
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling oil prices, the cartel's president says in an interview.
Bank hints at further rate cuts
Minutes from the latest meeting of the Bank of England's interest rate-setters suggest there could be more rate cuts to come.
Woolworths in stores sale talks
Struggling chain Woolworths confirms that it is in talks about the possible sale of its retail business.
Japan banks seek funds as U.S. carmakers plead
Reuters - Japan's No.3 bank sought to beef up its capital on Wednesday, markets fretted over the stricken U.S. car industry and Britain's central bank said it considered cutting rates even more dramatically than it did this month.
Stock futures sink ahead of data; autos eyed
Reuters - Stock futures pointed to a lower Wall Street open on Wednesday, signaling a reversal of Tuesday's gains. Dow Jones futures were down 1.4 percent, S&P 500 futures were down 1.5 percent and Nasdaq futures were down 2.2 percent at 4:30 a.m. EST.
Woolworths considers selling retail business
AP - Woolworths Group PLC's shares fell 13 percent Wednesday after the company confirmed it is considering selling its retail business.
Spain 'to slide into recession'
Spain is likely to slip into recession in the fourth quarter and stay there into 2009, the Bank of Spain governor says.
M&S resorts to one-day sale move
Retailer Marks & Spencer is to hold its first one-day sale in four years in a bid to revive its pre-Christmas trading.
BJ's Wholesale quarterly profit jumps 24 percent
Reuters - BJ's Wholesale Club Inc posted a 24 percent rise in third quarter profit on Wednesday, helped by an increase in shoppers coming to its stores and stronger-than-expected results from its gasoline stations.
Woolworths plunges on news it may sell stores
AP - Woolworths Group PLC's shares plunged 32 percent Wednesday after the company confirmed it is considering selling its retail business.
Detroit Chiefs Plead for Aid
The Big Three automakers asked for help to stave off collapse, but it appeared they had not persuaded enough lawmakers to move quickly on a bailout.
Consumer Prices Fall on Drop in Energy Costs
The 1 percent decline last month was the largest in 61 years, as gasoline prices fell by a record amount.
A Sea of Unwanted Imports
Unwelcome by dealers and buyers, thousands of cars are being warehoused on crowded port property, creating a vivid picture of a paralyzed auto business.
Markets in Europe and Asia Slip Lower
Worries about a global downturn weighed on banking and commodity stocks in Europe and Asia.
F.D.A. Opens Inspection Office in China
The U.S. opened a branch of the Food and Drug Administration in the Chinese capital, the first of several overseas offices aimed at regulating the safety of imported food and medicine.
US consumer prices in record fall
US consumer prices dropped by a record 1% in October as fuel costs kept falling for a third month in a row.
Daewoo leases African plantation
South Korean firm Daewoo says it has leased a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.
House sales rise as prices fall
Property sales rose slightly in October, for the second month in a row, estate agents say.
Lloyds TSB approves HBOS takeover
Lloyds TSB shareholders vote in favour of taking over HBOS as well as taking bail-out money from the government.
Stocks flat as energy gains offset economic woe
Reuters - Stocks were little changed after the open on Wednesday as gains in energy and commodity shares offset diminishing prospects for a U.S. auto industry government rescue in a slumping global economy.
SolarWorld in shock Opel offer
Reuters - German solar energy company SolarWorld said on Wednesday it was prepared to acquire cash-strapped carmaker Opel's plants in Germany, but analysts dismissed the plan as unrealistic.
Toyota to cut output and Nissan downbeat
Reuters - Reeling from a relentless sales slide, Toyota Motor Corp (7203.T) said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co (7201.T) renewed its pessimism over the industry's near-term prospects.
Citi to write down $3 billion in fourth quarter: Fox-Pitt
Reuters - Fox-Pitt Kelton said it expects Citigroup Inc to take net write-downs of $3 billion during the fourth quarter, and widened its loss expectation on the company for the period to reflect higher credit costs and write-downs.
Detroit Chiefs Back on Hill for a Second Day
The heads of the Big Three automakers of Detroit are back on Capitol Hill for a second day of trying to persuade lawmakers to move quickly on an industry bailout.
Consumer Prices Fall by Record Amount
Brought down by declining energy costs, consumer prices fell in October by 1 percent, the largest drop in the history of the survey.
Wall Street Falls on Latest Economic Data
Stocks were moderately lower in early trading as investors, nervous about the fate of the nation?s automakers, analyzed data on consumer prices and home construction.
Chemical Maker Cuts Output Amid Downturn
BASF said that it would temporarily halt or slow production at 180 plants around the world as it adjusted to a ?massive decline in demand? brought on by the current economic turmoil.
Hewlett-Packard Is Optimistic on Revenue and Profit
The company said business was not declining as quickly as it was at other tech companies, sending its shares up nearly 15 percent.
US car firms 'should go bankrupt'
The United States's biggest carmakers should be allowed to go bankrupt, a leading US politician says.
Falling demand hits BASF profit
The world's largest chemicals firm, BASF, reduces its profit forecast and says it will cut production because of a huge fall in demand.
M&S in one-day sale move
Retailer Marks & Spencer is to hold its first one-day sale in four years in a bid to revive its pre-Christmas trading.
InBev completes Bud merger
Belgium-based brewer InBev closes its $52bn takeover of the US's Anheuser-Busch to create the world's largest brewer.
Market slides on auto woes
Reuters - U.S. stocks extended losses on Wednesday, sending the benchmark S&P 500 (.SPX) down more than 2 percent, as the prospect for a U.S. auto industry rescue turned bleak and financial shares tumbled on concerns about the deepening economic downturn.
SEC delays action on credit rating agency rules
Reuters - U.S. securities regulators on Wednesday delayed action on adopting stricter rules to rein in the credit rating agencies until December 3.
GM dismisses Opel overture
Reuters - General Motors dismissed a surprise overture for its cash-strapped German unit on Wednesday as calls mounted for European governments to come to the aid of automakers hit by the global financial crisis.
Consumer Price Drop Prompts Fear of Deflation
Consumer prices fell in October by 1 percent, the largest drop in the history of the survey, raising the specter of deflation.
Bargain Hunters Lifted BJ?s Stores in Quarter
The warehouse club operator said that its third-quarter profit rose 24 percent, helped by shoppers hunting for bargains, and it raised it?s full-year outlook.
Big gamble?
Peru hitches its wagon to China's economic motor
Nasdaq down 4 percent as stocks extend losses
Reuters - Stocks extended losses on Wednesday as financial shares tumbled and uncertainty surrounding the prospects for a rescue of the U.S. auto industry fueled concerns about the deepening economic slump.
Microsoft rules out buying Yahoo but likes search
Reuters - Microsoft Corp Chief Executive Steve Ballmer on Wednesday ruled out an acquisition of Yahoo Inc but said his company was very interested in resuming talks on a Web search partnership.
Pershing Square's Ackman lays out new plan for Target
Reuters - Activist hedge fund manager William Ackman on Wednesday urged Target Corp to form a real estate investment trust that owns the land under its stores and spin off a 20 percent stake of that company into an initial public offering.
Homebuilder, REIT shares tumble as recession spreads
Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.
Holiday traffic could fall 9.9 percent: ShopperTrak
Reuters - Retail stores may be much less crowded this holiday season, as one research firm sees foot traffic sliding a record 9.9 percent as shoppers suffer from the weak economy and low consumer confidence.
Consumer Price Decline Prompts Fear of Deflation
Consumer prices fell in October by 1 percent, the largest drop in the history of the survey, raising the specter of deflation.
Arts Patron Guilty in Fraud Case
A federal jury convicted Alberto W. Vilar of all 12 counts in his securities fraud trial on Wednesday.
Trial Resumes for Former Head of Bank of Italy
Two years after his stint at the helm of the central bank ended in scandal, Antonio Fazio goes on trial in Milan, accused of rigging markets to keep Italian banks in Italian hands.
US car bail-out compromise sought
US politicians are looking for a compromise plan to aid the country's crisis-ridden car industry.
Government agrees Alitalia sale
The Italian government agrees to sell the bankrupt airline Alitalia to a business consortium, paving the way for a relaunch.
Stocks fall on auto bailout anxiety
Reuters - Stocks fell on Wednesday as financial shares tumbled and uncertainty over a possible rescue for the auto industry fueled concerns about the deepening economic slump.
Microsoft rules out buying Yahoo but likes search deal
Reuters - Microsoft Corp Chief Executive Steve Ballmer ruled out an acquisition of Yahoo Inc on Wednesday but said his company was interested in resuming talks on a Web search partnership.
Pershing's Ackman sets new Target plan but shares fall
Reuters - Hedge fund manager William Ackman unveiled on Wednesday his latest plan to boost Target Corp's stock price by forming a trust that owns the land under its discount stores, and then spinning off 20 percent of that trust in an initial public offering.
US inflation plunges, world crisis hits carmakers
AFP - Automakers worldwide warned of more perils from the global economic meltdown as the latest US data on Wednesday added to growing fears of huge job losses and a long, painful recession ahead.
Best Buy shares down after credit rating cut
Reuters - Best Buy Co shares fell more than 11 percent to a new year low on Wednesday, a day after Standard & Poor's cut its debt rating on the electronics retailer to the lowest investment grade.
Dow Drops Below 8,000 in Another Sell-off
Shares on Wall Street closed at their lowest levels in five years as hope dimmed in Washington for an emergency bailout of the auto industry.
Hopes Dim for Quick Bailout for Automakers
After two days of testimony, the chief executives of G.M., Ford and Chrysler were unable to convince lawmakers to aid their industry by tapping the $700 billion financial rescue program.
PC Magazine Will Be Online Only
It is the latest of several magazine publishers to drop a print edition, as advertising plummets and the cost of printing a paper version rises.
Wall Street sinks to lowest since 2003
Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
Shares of Buffett's Berkshire Hathaway fall more than 12 percent
Reuters - Class A shares of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) fell more than 12 percent on Wednesday to below $84,000, a 3-year low.
Retail shares drop sharply as market woes linger
AP - With Black Friday just around the corner, two new forecasts Wednesday pointed toward a tough holiday season for retailers and offered evidence that consumers simply may not be in a spending mood.
Dow Drops Below 8,000 in Another Stock Sell-off
Shares on Wall Street closed at their lowest levels in five years as hope dimmed in Washington for an emergency bailout of the auto industry.
For Studio, Vampire Movie Is a Cinderella Story
Tiny Summit Entertainment finds itself sitting atop one of the biggest pop-culture phenomena of recent years.
PC Magazine, a Flagship for Ziff Davis, Will Cease Printing a Paper Version
It is the latest of several magazine publishers to drop a print edition, as advertising plummets and the cost of printing a paper version rises.
For ?60 Minutes,? a Jump in Ratings
?60 Minutes? on CBS has been the most-watched program in the nation the last two weeks ? including the full episode on Sunday devoted to Steve Kroft?s interview with Barack and Michelle Obama.
Microsoft Chief Says Yahoo Bid Is Over
Steven A. Ballmer?s stance may force Yahoo?s next chief executive to find another way to revive the company?s profit.
Entrepreneurial Edge: An Eye on Growth, Deals Stretch Across the Pacific
Despite the worldwide downturn, the ties between small businesses in China and Southern California should continue to grow.
A Digital Library of Europe, Dominated by France
A new digital library, called Europeana, intends to showcase Europe?s history, literature, arts and science.
State of the Art: Not Just Fast and Small, but High Def, Too
Pure Digital has added high defintion to its Flip Mino, which is already called the least-expensive, smallest and fastest camcorder on the market.
US shares plunge to five-year low
Wall Street plunges more than 5% on Wednesday to its lowest level in over five years on rising economic worries.
IMF approves $2bn Iceland loan
The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
Broke, not dim
Some carmakers struggle while others grow
RBS shareholders vote on bail-out
Shareholders of the Royal Bank of Scotland will vote later on Thursday on whether to accept a £20bn government bail-out.
Limited Brands posts lower net profit, shaves view
Reuters - Limited Brands , the retailer whose main chains are Victoria's Secret and Bath and Body Works, posted lower net profit on Wednesday and trimmed its full-year earnings outlook.
Stocks Are Hurt by Latest Fear: Declining Prices
The Dow fell below 8,000 as concern spread that the economy might be facing a chronic and debilitating decline in prices.
Hurt by Losses, Pension Funds Criticize Rules
Some of the nation?s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds.
Shares Near 6-Year Low, With More Losses Feared
As the stock market tumbled to its lowest level in nearly six years, Wall Street traders and many ordinary Americans were asking the same question: Where, oh where is the bottom?
Asian Markets Reflect Wall Street?s Drop
Asian stock markets opened sharply lower on Thursday, reflecting an equally strong sell-off on Wall Street and in Europe overnight.
Web Retailers Are Waging Seasonal Price Wars
As deserted malls and department stores struggle to court cash-short consumers with steep discounts, an even more ferocious price war is being waged online.
Advertising: An Ad Network in Times Square
As Walgreens formally opens at 1 Times Square on Thursday, executives are describing plans for the giant signs that will festoon the building on three sides.
Formerly Lavish Music Patron Is Convicted of Fraud
A federal jury in Manhattan on Wednesday convicted Alberto W. Vilar on 12 counts of fraud.
HUD Secretary Says Borrowers Not Getting Aid
Two government programs intended to help hundreds of thousands of borrowers avoid foreclosure are having negligible effects, a top Bush administration official said.
Ambac Reaches Agreement on $3.5 Billion in Exposure
The bond insurer said that it had reached an agreement with counterparties to terminate $3.5 billion of its exposures to risky mortgage-backed debt, which would improve its capital position.
Ex-Head of Bank of Italy to Go on Trial
Two years after his stint at the helm of the central bank ended in scandal, Antonio Fazio goes on trial in Milan, accused of rigging markets to keep Italian banks in Italian hands.
Yahoo Bid Is Over, Microsoft Says
Steven A. Ballmer?s stance may force Yahoo?s next chief executive to find another way to revive the company?s profit.
France Dominates Europe?s Digital Library
A new digital library, called Europeana, intends to showcase Europe?s history, literature, arts and science.
Breakingviews.com: Commercial Loans Are Looking Risky
Commercial Loans.
Members of Bailout Panel Are Set
Two longtime Republican lawmakers were named to the new five-member review panel set up to monitor the Bush administration?s $700 billion financial rescue plan.
State of the Art: HD Video Made Sleek and Simple
Pure Digital has added high definition to its Flip Mino, which is already called the least-expensive, smallest and fastest camcorder on the market.
IMF approves $2.1bn Iceland loan
The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
Emerging Powers Seen Taking Lead in Recovery
It will take the efforts of China and other emerging nations to lead the global economy out of what is likely to be a long and painful recession, according to a gathering of economic experts.
Auto Chiefs Fail to Get Bailout Aid
The chief executives of Detroit?s Big Three automakers departed Washington empty-handed after two days of pleading for a financial lifeline on Capitol Hill.
Health Insurers Offer to Accept All Applicants, on Condition
The health insurance industry said it would support a plan requiring insurers to accept all customers, but asked that Congress require all Americans to have coverage in return.
Sarkozy?s Fiscal Meeting Raises Diplomatic Hackles
Some American officials are on edge following French President Nicolas Sarkozy?s aggressive statements about American capitalism, and his decision to hold his own financial summit meeting.
F.D.A. Opens Office in Beijing to Screen Food and Drug Exports
The U.S. opened a branch of the Food and Drug Administration in the Chinese capital, the first of several overseas offices aimed at regulating the safety of imported food and medicine.
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