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Asian markets tumble on grim US corporate news
AP - Asian stock markets tumbled Thursday as more signs of a sharp downturn in the U.S. economy spurred investors to dump shares of exporters like Sony and Samsung.
Japan's stock index falls to 2-week low on US woes
AP - Japanese stocks succumbed to another sharp sell-off Thursday, dragging the benchmark index to a two-week low on deepening fears about the health of the U.S. economy and a surging yen.
Russian stock markets decline sharply at open
AP - Russian stocks posted sharp losses Thursday on fears the country's economy is being hit particularly hard by the global financial crisis and the continued fall in crude oil prices.
FTSE falls 1.06% at start of trading
AFP - The London stock market dropped 1.06 percent at the start of trading on Thursday after heavy losses in New York and in Asia overnight.
Trading halted at Kuwait bourse after court order
AFP - Trading at the Kuwait Stock Exchange was halted on Thursday following a court order aimed at halting the market's slide and preventing massive losses among small investors.
Taiwan shares fall 3.9 percent on global woes
AP - Taiwan's benchmark stock index slid nearly 4 percent Thursday as further evidence of a sharp downturn in the global economy hit shares of high-tech electronics exporters.
Australia's key stock index sinks to 4-year low
AP - Australia's stock market plunged Thursday to close at a four-year low as gloom continued to permeate the global financial system, wiping about 57 billion Australian dollars ($37 billion) from the market's value.
Siemens posts 2.4 billion-euro loss in 4th quarter
AP - Industrial conglomerate Siemens AG on Thursday reported a net loss of 2.4 billion euros ($3 billion) for its fiscal fourth quarter, a figure that was weighed down by large one-time charges including about 1 billion euros ($1.24 billion) to settle a bribery investigation.
Zurich Financial 3Q profits plummet 90 percent
AP - Swiss insurer Zurich Financial Services AG on Thursday reported a 90 percent drop in profit for the third quarter following pre-tax writedowns of $1.1 billion and a costly hurricane season.
BT to cut 10,000 jobs this year, 2Q profits fall
AP - BT Group PLC, Britain's largest phone company, is cutting 10,000 jobs this year to boost profitability after revealing a double-digit fall in second quarter earnings.
Hang Seng index plunges over 5 percent
AP - Hong Kong's stock index plunged over 5 percent Thursday, tracking overnight weakness in Wall Street as uncertainty over the U.S. bailout plan made investors cautious.
Trading halted at Kuwait bourse on court order
AFP - Trading at the Kuwait Stock Exchange, the second largest Arab bourse, was halted Thursday following an unprecedented court order aimed at curbing the market's slide and preventing massive losses among small investors.
Russian stock markets suspended after sharp falls
AP - Russian stock markets were shut down less than forty minutes after opening Thursday as blue chip shares plummeted on fears over the financial crisis and sliding oil prices.
GDF Suez posts rise in sales, earnings
AFP - Earnings for French energy giant GDF Suez rose nearly 20 percent over the first nine months of the year, buoyed by colder weather, higher energy prices and an increase in its hydrocarbon operations.
Bank of Ireland 1H profit down 32 pct on bad loans
AP - Bank of Ireland's profits fell 32 percent in the first half of its fiscal year because of swelling bad loans, the country's second-largest lender revealed Thursday.
BT to cut 10,000 jobs, 2Q net profit rises
AP - Shares at BT Group PLC, Britain's largest phone company, surged 11 percent Thursday morning after the company announced it is cutting 10,000 jobs this year to boost earnings and said net profit for the second quarter rose 18 percent on higher sales.
Mizuho's first half profit dives 71 percent
AP - Mizuho Financial Group's first half profit nose-dived 71 percent as the overseas businesses of the Japanese 'megabank' got pummeled by the U.S. financial crisis.
Stocks head to lower open after Wal-Mart forecast
AP - Wall Street received more signs of a deep economic slump Thursday, as Wal-Mart Stores Inc. narrowed its full-year earnings guidance. The news sent stock index futures falling before the start of trading.
LSE 1H profit up but cancels share buyback
AP - Shares in the London Stock Exchange Group PLC dropped 12 percent on Thursday despite the bourse reporting a 19 percent rise in half-year net profit as it also halted its 500 million pound ($746 million) share buyback program.
Europe, Asian markets down amid recession fears
AP - Europe's stock markets opened lower Thursday after further Asian losses, following more downbeat U.S. corporate news and confirmation that Germany is officially in recession.
China shares rise on optimism over stimulus plan
AP - Chinese shares climbed Thursday, shrugging off losses on other Asian markets, as newly released details of Beijing's economic stimulus plan helped to boost construction and other stocks.
World stocks hit 2-week low
Reuters - World stocks fell to a two-week low on Thursday and oil hit a 22-month trough as Washington's move to back away from its plan to buy toxic assets and weak U.S. earnings reports deepened gloom about the global economy.
Russian shares plummet amid chaotic trading
AP - Russia's battered stock market was in chaos Thursday afternoon as plunging shares led regulators to stop and restart trading several times.
BT to cut 6,000 more jobs, 2Q net profit rises
AP - BT Group PLC, Britain's largest phone company, on Thursday reported quarterly earnings rose 18 percent but said it would slash 6,000 more jobs by March to keep costs down and maintain its profits.
Repsol 3Q profits rise on higher petroleum prices
AP - Spanish-Argentine oil giant Repsol YPF reported a 13 percent increase in third-quarter net profit on Thursday, citing higher petroleum prices and strong performances in its core businesses.
Siemens posts 2.4 billion euro loss in 4th quarter
AP - Industrial conglomerate Siemens AG on Thursday reported a net loss of 2.4 billion euros ($3 billion) for its fiscal fourth quarter, weighed down by large one-time charges that included money set aside for costs related to a bribery investigation.
French bank Natixis reports steep 3Q loss
AP - French bank Natixis said Thursday it swung to a loss in the third quarter after setting aside money for its exposure to the bankruptcy of Lehman Brothers and Icelandic banks, and warned that 'chaotic' market conditions would lead to further losses this year.
SABMiller says 1H profits rise, but demand slows
AP - SABMiller PLC — which brews Grolsch and Peroni Nastro Azzurro lagers — said net profit for the first half of its financial year rose 46 percent because of a one-time, $437 million gain from its role in establishing joint venture MillerCoors.
Energy, Wal-Mart lift stocks at open
Reuters - Stocks opened higher on Thursday as rebounding oil prices lifted energy shares and Wal-Mart Stores Inc offered some reassuring news about consumer spending.
European markets mixed ahead of Wall Street open
AP - Europe's stock markets were mixed Thursday ahead of an expected muted open on Wall Street, as downbeat U.S. corporate news kept investors wary of buying heavily sold-off shares.
Repsol 3Q profit rises on higher petroleum prices
AP - Spanish-Argentine oil giant Repsol YPF reported a 13 percent increase in third-quarter net profit on Thursday, citing higher petroleum prices and strong performances in its core businesses.
Poland's PGNiG energy company posts lower profits
AP - Poland's state-owned gas and oil company, PGNiG, said Thursday that its third-quarter profit declined sharply, largely because of the rising cost of gas it imports from Russia.
Sina.com quarterly profit up 28 percent
AP - Sina.com Corp., a popular Chinese Web portal, said Thursday its quarterly profit rose 28 percent on strong advertising revenue and coverage of the Beijing Olympics despite slowing Chinese economic growth.
US, European markets steady after latest sell-off
AP - European and U.S. stock markets were little changed Thursday, taking a breather after hefty losses this week despite further woeful U.S. jobs news. Asian shares closely sharply lower.
Italy's Benetton 3Q profits up 12 percent
AP - The Italian clothing maker Benetton Group SpA reported Thursday a 12 percent increase in third-quarter profits on growing demand in emerging markets.
US, European stocks steady despite data
AP - European and U.S. stock markets were little changed Thursday as stocks struggled to find direction following hefty losses in the first part of the week. Asian shares closely sharply lower.
FTSE closes down
AFP - London shares closed in the red on Thursday as oil and commodity prices slid due to the global economic slowdown.
Vivendi net profit up sharply
AP - French media and telecommunications giant Vivendi SA said Thursday that net profit increased more than fourfold to 2.76 billion euros ($3.46 billion) in the third quarter from 578 million euros a year earlier, thanks to gains on Vivendi's stake in video game publisher Vivendi Games.
Wall Street rebounds on bargain-hunting
Reuters - Stocks rose in volatile trade on Thursday as investors snapped up beaten-down shares, including those of energy and financial companies, offsetting worries about a deepening economic downturn.
Russian shares plunge amid market closures
AP - Russia's battered stock markets suffered another chaotic day of trading Thursday, as regulators shut the exchanges in response to falling share prices, then reopened them — a practice that is wearing thin with investors.
A look at SABMiller's performance in key regions
AP - SABMiller PLC, the London-based brewer of Peroni Nastro Azzurro and Grolsch, reported earnings for the first half of its fiscal year on Thursday. Here's a look at its business in key regions:
Bargain hunters lift Dow 553 points, S&P up 7 percent
Reuters - Stocks surged on Thursday and broke a three-day losing streak after the S&P 500 and Nasdaq touched new five-year lows earlier in the session, prompting investors to put aside worries about the flagging economy and scoop up wilted shares at fire-sale prices.
Buffett's Berkshire falls below $100,000/share
Reuters - Shares of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) fell below $100,000 on Thursday for the first time since October 2006, after the company revealed large unrealized losses on derivative contracts tied to the stock market's performance.
Stocks stage huge rebound; Dow jumps 553 points
AP - Investors did an abrupt turnaround on Wall Street Thursday, muscling the Dow Jones industrial average up more than 550 points after driving it down near its lows for the year on a stream of negative economic and corporate news.
Wall Street rally too late for most world markets
AP - A steep rally on Wall Street came too late Thursday to spur most world markets, although Latin American shares benefited from the buying spree in battered U.S. stocks.
Kohl's 3rd-quarter profit falls 17 percent
AP - Kohl's Corp. said Thursday its third-quarter profit fell 17 percent as revenue dropped amid the consumer pullback, and it lowered its outlook for what it said would be 'the most challenging' holiday season in years.
Korean Air post worst loss in 14 years on weak won
AP - Korean Air Lines Co. said Friday it posted its worst quarterly loss in 14 years because of high fuel costs and weakness in the South Korean won.
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