Stocks drop as weak retail sales signal economic trauma

Date: Fri, 14 Nov 2008 12:01:09 -0500
Stocks drop as weak retail sales signal economic trauma

ECONOMIC REPORT: RETAIL SALES PLUNGE RECORD 2.8% IN OCTOBER

Falling for a fourth straight month, U.S. retail sales plunge a record
2.8% in October as sales of autos and gasoline plummet.

THE FED: BERNANKE, IN EUROPE, SAYS CENTRAL BANKS REMAIN ON POINT

Central banks around the world stand ready to take additional actions
as needed to restore financial market stability and ease the global
credit crunch, Federal Reserve Board Chairman Ben Bernanke tells a
European audience.

IT'S OFFICIAL BUT NOT UNEXPECTED: EURO ZONE'S IN RECESSION

A global economic slowdown, financial turmoil and home-grown problems
combine to push the 15-nation euro zone into recession, data show.

NOKIA WARNS MOBILE-DEVICE INDUSTRY SALES WILL FALL IN 2009

Nokia, the world's top maker of mobile phones, warns industry sales of
wireless handsets will fall next year as consumers pull back in the
face of the economic slump and limited credit availability.