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Asian markets extend world rout on recession fears
AP - Asian stock markets tumbled Thursday, with benchmarks in Japan and Hong Kong both losing more than 5 percent, after fears of a protracted recession sent Wall Street plunging to it lowest point in five years.
China Internet giant Baidu's stock price dives amid allegations
AFP - Shares in China's Nasdaq-listed Internet giant Baidu have dived more than a third amid allegations it gave unlicensed medical firms prominent exposure for money, without telling its customers.
Philippine stock index slides 3.5 pct on US losses
AP - Philippine shares slid Thursday in step with regional and U.S. markets as the country's central bank pondered whether to cut interest rates to boost the economy.
Japan stocks dive 6.9 percent after US sell-off
AP - Japanese stocks dived Thursday after a steep drop on Wall Street and government data showing that Japan's exports suffered a brutal drop in October.
Air France-KLM profit plunges in second quarter
AP - The Air France-KLM Group said Thursday its profit plunged in the second quarter as higher oil prices and financial charges weighed on the airlines' earnings.
SKorean stocks fall sharply after Wall Street drop
AP - South Korean stocks fell for an eighth straight session Thursday, and the won dropped against the U.S. dollar to levels not seen in more than a decade, as a sell-off on Wall Street and worries about the world economy shook investors.
HK stocks fall after Wall Street's sharp losses
AP - Hong Kong's stock index plunged 4 percent Thursday, tracking steep declines overnight in Wall Street on worries over a lengthy global recession.
London stock market drops 2.25 percent at start of trading
AFP - London's stock market slid 2.25 percent to under 4,000 points soon after the start of trading on Thursday, following sharp losses in Asia and overnight on Wall Street caused by deep recession worries.
Ahold 3Q earnings fall despite higher sales
AP - Royal Ahold NV, the Dutch owner of U.S. grocery chains including Stop & Shop and Giant, on Thursday said third-quarter earnings fell 8.9 percent on higher taxes and a worse performance by a Scandinavian chain. But shares rose as the figures beat analyst expectations.
FTSE-100 down 74.62 at 3,931.06
AP - Share prices on the London Stock Exchange were lower at midday Thursday.
Dollar retreats as global stocks slump
AFP - The dollar dipped against the euro and yen on Thursday as currency investors monitored sliding global stock markets, dealers said.
Stocks point lower on economic worries
AP - U.S. stocks looked to extend their losses at the open Thursday as investors found little relief from worries about the fate of Detroit's three automakers and broader fears about the struggling economy.
Norway's oil fund seeks stock bargains in slump
AP - Tumbling global stock markets open up opportunities for Norway's vast oil profits fund to increase its equity holdings at bargain prices, the fund's top manager Yngve Slyngstad said Thursday.
PepsiCo stands by 2008 earnings outlook
Reuters - PepsiCo Inc reiterated its full-year 2008 earnings outlook on Thursday and said it would discuss innovation plans for 2009 for its North American beverage unit later in the day.
Stocks point lower after jobless claims jump
AP - Fresh worries about widening unemployment added to investors' long list of concerns about the fate of Detroit's three automakers and the broader economy. The concerns weighed on stock market futures a day after stocks fell more than 5 percent.
Stocks set to slide on autos and jobless data
Reuters - Stocks were set to slide at the open on Thursday as investors worried that failure by U.S. automakers to get a government bailout would add to the economy's woes, fears that were heightened by news of further labor market deterioration.
Europe stocks trim losses before Wall Street open
AP - European stock markets fell, then recovered some lost ground Thursday on expectations Wall Street will not repeat the heavy selloff from the day before. Asian markets closed sharply down.
Barnes & Noble swings to 3Q loss
AP - Bookseller Barnes & Noble Inc. swung to a loss in its third quarter, saying Thursday that 'a significant drop-off' in traffic and consumer spending hurt business. The company also reduced its full-year sales and earnings forecasts.
Europe stocks plunge after US jobless data
AFP - European stocks markets plunged in afternoon trading on Thursday with London down 4.52 percent as recession fears deepened on new data showing a surge in US jobless claims.
GM, Ford shares soar on bailout optimism
Reuters - Shares of General Motors and Ford Motor Co soared on Thursday after a Senate Democratic aide said senators had reached agreement on a bipartisan auto aid deal.
World stocks dive as recession fears soar
AFP - Global stock markets plunged Thursday as a jump in US jobless figures and fresh rounds of job cuts worldwide deepened fears of recession and sent investors fleeing for cover.
U.S. stocks slide as auto bailout this year in doubt
Reuters - Fears of a deep, long global recession intensified on Thursday as stock markets hit new lows on reports of more U.S. job losses and oil prices below $50 a barrel, as prospects dimmed for a bailout of U.S. automakers.
World stocks down amid recession fears
AP - World stocks fell sharply Thursday as recession fears gripped markets and briefly sent oil prices below $50 a barrel.
FTSE suffers losses
AFP - London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims.
Dollar, euro hold in narrow ranges as prospects darken
AFP - The dollar and euro held to narrow ranges Thursday against a darkening economic backdrop which sparked another round of very heavy losses on global markets.
US thrifts swing to $4B loss in 3Q
AP - U.S. thrifts lost $4 billion in the third quarter as they set aside $7.9 billion to cover losses from bad mortgages and other loans, their government regulator said Thursday.
Wall Street plunges again as panic spreads
AFP - Wall Street shares plunged Thursday as panicked investors made a frenzied rush out of stocks and into bonds in the face of more weak data and a breakdown in efforts for a bailout for automakers.
Gap's 3Q profits edge up 3.4 percent on cost cuts
AP - Apparel chain Gap Inc. reported Thursday that its third-quarter profit rose 3.4 percent as cost-cutting efforts like inventory control offset a sales slump. The company also affirming its profit guidance for the full year.
World stocks down amid fears of deep recession
AP - World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years.
Gap's 3Q profit edges up 3.4 percent on cost cuts
AP - Gap Inc. reported Thursday that its third-quarter profit rose 3.4 percent as cost-cutting efforts offset a sales slump. The apparel chain also affirmed its profit guidance for the full year but said the tough times will last at least another six months.
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