Latest Business News

Last updated on
Friday, 20-Nov-2009 16:30:02 EST
News by: Yahoo! News
  • Stocks dip as investors weigh recovery bets (Reuters)

    A trader works on the floor of the New York Stock Exchange, October 14, 2009. REUTERS/Brendan McDermidReuters - U.S. stocks fell for third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic.


  • U.S. layoffs fall in October (Reuters)
    Reuters - The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.
  • U.S. Q3 seen revised down on widening trade deficit (Reuters)
    Reuters - The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.



  • Black Friday deals may not signal retail comeback (Reuters)
    Reuters - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.
  • Rio's Cloud Peak down in debut, others fare better (Reuters)
    Reuters - Investors bet on growth opportunity in the IPOs of a Chinese hotel chain and an online education company on Friday, but saw murkier prospects for a spin-off of mining giant Rio Tinto, sending its shares lower.
  • TSX sags on weaker commodities, profit-taking (Reuters)
    Reuters - Toronto's main stock index was lower on Friday morning as weaker commodity prices, caused partly by a stronger U.S. dollar, pressured shares of Barrick Gold and other resource issues.
  • Ohio AG sues credit agencies for public pensions (AP)
    AP - The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
  • 13 charged with mortgage and loan fraud in Oregon (AP)
    AP - A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a central Oregon development company.
  • Hibbett Sports gains after boosting 2010 forecast (AP)
    AP - Shares of sporting goods retailer Hibbett Sports Inc. rose Friday, a day after its third-quarter results beat Wall Street expectations and it raised its 2010 profit forecast.


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