Saturday, December 06, 2008

Energy: OPEC head says oil production likely to be cut soon

Date: 6 DEC 2008 18:06:44 GMT

Consumers who have recently enjoyed a sharp fall in gas prices might
see those prices start to creep back upward next year if a cut in oil
production by the Organization of Petroleum Exporting Countries turns
out to be deeper than expected.

Friday, December 05, 2008

Tech Daily: Technology sector bounces back led by SanDisk

Date: Fri, 05 Dec 2008 18:00:18 -0500

Tech Stocks: Technology sector bounces back led by SanDisk
12/5/2008 4:20 PM ET

Technology stocks bounce back, boosted by gains from SanDisk Corp. and
Micron Technology.

-----------------------------------------------------------------
Analyst says Intel could cut forecast, jobs
12/5/2008 5:09 PM ET

Shares of Intel Corp. rebound to close higher after an analyst with
Friedman, Billings, Ramsey & Co. speculates that the chip giant could
reduce its revenue outlook again and drastically slash jobs.

-----------------------------------------------------------------
Facebook's employee-stock-sale delay creates valuation doubts
12/5/2008 4:33 PM ET

Facbook has delayed an innovative plan that would've allowed employees
to cash in before the closely held company is either acquired or goes
public by selling a limited number of their shares. The postponement
raises questions about Facebook's lofty implied valuation.

-----------------------------------------------------------------
Telecom Report: Cable foray into wireless likely a dropped call
12/5/2008 3:15 PM ET

The cable industry needs a wireless business just as much as a cow
needs jumper cables. So says Craig Moffett, the always opinionated and
sometimes acerbic analyst at Bernstein Research.

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Telecom Stocks: Nokia, Sprint lead decline; Leap leaps
12/5/2008 11:03 AM ET

Telecommunications stocks mostly fell in Friday
trades, tracking the broader U.S. market, with Nokia Corp. and Verizon
Communications Inc. among the sharpest decliners.

Markets Friday, 12/5/2008

Date: Fri, 5 Dec 2008 17:31:08 -0500

| Dow : 8635.42 up 259.18 | S & P : 876.07 up 30.85 |

| NASDAQ: 1509.31 up 63.75 | Bond (10Y): 2.70%, 109.06 |
MARKETS:
Stocks rally despite jobs report
Wall Street recovers after a morning slide, with tech and financial
stocks leading the way.

U.S. stocks turn higher as insurers rally

Date: Fri, 05 Dec 2008 17:01:29 -0500

U.S. stocks turn higher as insurers rally

U.S. stocks erase losses and shoot higher as insurer Hartford
Financial Services Group Inc. leads a rally in the financial sector by
hiking its earning forecast for the year.

ECONOMIC REPORT: U.S. ECONOMY SHEDS AN 'ALARMING' 533,000 JOBS IN NOVEMBER

U.S. nonfarm payrolls plunged by 533,000 in November, the worst job
loss in 34 years, the Labor Department reports.

NEARLY 10% OF U.S. MORTGAGES ARE DELINQUENT OR IN FORECLOSURE

The percentage of U.S. mortgage holders who were behind in their
payments soared to a record 6.99% of loans outstanding in the third
quarter, the Mortgage Bankers Association said Friday, and the number
of mortgages somewhere in the foreclosure process was also at a new
high.

RYANAIR MAY BE CLOSING IN ON AER LINGUS WITH SWEETENED TERMS

The near collapse of the Irish economy and a sweetened sales pitch may
finally allow Ryanair Holdings, Europe's largest low-cost airline, to
bag rival Aer Lingus Group after a two-year wait.

Dow industrials finish Friday up 260 points yet close week with 2% loss

Date: Fri, 05 Dec 2008 16:14:07 -0500

Dow industrials finish Friday up 260 points yet close week with 2% loss
12/5/2008 4:07:36 PM EDT

Crude-oil futures close at $40.81; week's decline of 25% is steepest since 1991

Date: Fri, 05 Dec 2008 15:00:40 -0500

Crude-oil futures close at $40.81; week's decline of 25% is steepest since 1991

2:58:39 PM EDT

Breaking News Fri., December 5, 2008

Date: Fri, 05 Dec 2008 10:37:43 -0800 (PST)

O.J. Simpson to Serve at Least Nine Years in Prison for Las Vegas
Hotel Robbery [1:30 p.m. ET]

U.S. stocks slump for second day as jobless count spikes

Date: Fri, 05 Dec 2008 12:01:07 -0500

U.S. stocks slump for second day as jobless count spikes

U.S stocks tally a second straight day of losses after the government
reports a 553,000 drop in payrolls in November.

ECONOMIC REPORT: PAYROLLS PLUNGE BY STUNNING 533,000 IN NOVEMBER

U.S. nonfarm payrolls plunged by 533,000 in November, the worst job
loss in 34 years, the Labor Department reports.

CURRENCIES: DOLLAR RISES AFTER DISMAL NOV. JOBS DATA

The dollar rose against most currencies except the Japanese yen, as a
brutal plunge in November U.S. nonfarm payrolls enhanced the
greenback's safe-haven appeal in the face of an increasingly bleak
outlook for the global economy.

RYANAIR MAY BE CLOSING IN ON AER LINGUS WITH SWEETENED TERMS

The near collapse of the Irish economy and a sweetened sales pitch may
finally allow Ryanair Holdings, Europe's largest low-cost airline, to
bag rival Aer Lingus Group after a two-year wait.

Energy: Canadian stocks plunge amid grim jobs data, political turmoil

Date: 5 DEC 2008 15:51:37 GMT

Stocks in Toronto posted steep losses Friday, as falling commodity
prices, domestic political turmoil and worse-than-expected jobs data
from Canada and the United States hurt investor sentiment.

Energy: Worst U.S. job loss in 30 years looms over energy sector

Date: 5 DEC 2008 15:48:21 GMT
Energy Stocks - Worst U.S. job loss in 30 years looms over

The worst U.S. monthly job loss in 34 years stoked further selling in
the energy sector Friday, with shares of natural gas producers leading
losses in a sector rocked by a stream of bad economic news,
predictions of $25 a barrel oil and steep losses in the broad market.

U.S. foreclosures, mortgage delinquencies hit record highs

Date: Fri, 05 Dec 2008 10:02:37 -0500

U.S. foreclosures, mortgage delinquencies hit record highs
12/5/2008 10:00:49 AM EDT

U.S. stocks in retreat following payrolls report; Dow down 125 points

Date: Fri, 05 Dec 2008 09:51:40 -0500

U.S. stocks in retreat following payrolls report; Dow down 125 points
12/5/2008 9:49:51 AM EDT

Energy: China to raise gasoline tax by five-fold

Date: 5 DEC 2008 13:20:31 GMT

China plans next month to raise tax on regular gasoline by five fold
and diesel fuel tax by eight fold, in a move to take advantage of
falling crude prices and encourage energy conservation, state-run
media reported Friday.

Breaking News Fri., December 5, 2008

Date: Fri, 05 Dec 2008 06:00:35 -0800 (PST)

533,000 Jobs Lost in November, Nearly Twice What Was Expected;
Unemployment Climbs to 6.7% [8:34 a.m. ET]

Thursday, December 04, 2008

Tech: Chip, other tech issues sink after AMD cuts sales outlook

Date: Thu, 04 Dec 2008 18:00:14 -0500

Tech Stocks: Chip, other tech issues sink after AMD cuts sales outlook
12/4/2008 4:27 PM ET

Technology stocks closed lower Thursday, punctuated by chipmaker
Advanced Micro Devices Inc.'s warning that it expects to report a
decline in its quarterly sales.

-----------------------------------------------------------------
Microsoft names former Yahoo exec to top Internet post

Microsoft Corp. has named a new top executive to oversee its Internet
services business, as it seeks to gear up for a more formidable
challenge to market leader Google Inc.

-----------------------------------------------------------------
After Hours: Novell, Guess rise; Microsoft names ex-Yahoo executive
12/4/2008 5:41 PM ET

Novell Inc. and Guess Inc. shares gain after both companies report
earnings after the close of regular trading, while Microsoft edges up
after hiring a former Yahoo executive to head its internet services
division.

-----------------------------------------------------------------
AMD lowers revenue target, cites weak demand
12/4/2008 5:08 PM ET

Advanced Micro Devices lowers its fourth-quarter revenue outlook,
citing "weaker than expected demand across all geographies and
businesses."

-----------------------------------------------------------------
Applied Materials boosted by upgrade; analyst sees industry gains
12/4/2008 4:42 PM ET

Applied Materials, the world's largest maker of
semiconductor-manufacturing equipment maker, is called buy as an
analyst turns bullish on the sector.

-----------------------------------------------------------------
Stable management helps Synopsys in tough times: analysts
12/4/2008 4:32 PM ET

Shares of Synopsys Inc. are up more than 11% after the chip design
software company posts earnings that beat Wall Street projections.

-----------------------------------------------------------------
MarketWatch First Take: AMD earnings shortfall is bad news for the PC sector
12/4/2008 2:18 PM ET

Advanced Micro Devices Inc.'s fourth-quarter earnings shortfall has
analysts and investors concerned about further weakening of the
personal computer business, including the health of its archrival
Intel Corp.

-----------------------------------------------------------------
Telecom Stocks: AT&T, ADC, telecoms mostly decline
12/4/2008 1:20 PM ET

Shares of telecommunications stocks were deflated on
Thursday after two days of gains, with large job reductions by AT&T
Inc. weighing on the sector.

-----------------------------------------------------------------
AT&T to eliminate 12,000 jobs
12/4/2008 1:06 PM ET

AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its
workforce, and spend less on new equipment in 2009 in response to a
weakening economy.

-----------------------------------------------------------------
Amazon shares get boost from strong online sales, upgrade
12/4/2008 12:39 PM ET

Amazon.com shares climb to their highest level in a month after a
broker upgrades the online retail giant on the belief that the
company's strong competitive position will offset pressures from the
slowing economy.

-----------------------------------------------------------------
Nokia again cuts fourth-quarter mobile industry outlook
12/4/2008 10:22 AM ET

Nokia Corp., the world's largest maker of mobile phones, on Thursday
lowered its fourth-quarter mobile-industry outlook for the second time
in less than a month, citing worsening economic conditions, and warned
it may lose market share in the period.

-----------------------------------------------------------------
Israel Stocks: Market higher; Hapoalim holder said to want more
12/4/2008 10:21 AM ET

Israel stocks rose Thursday on the back of two of the
country's heavyweight issues: Israel Chemicals, Teva Pharmaceutical,
as well as the banks.

Markets Thursday, 12/4/2008

Date: Thu, 4 Dec 2008 17:31:05 -0500

| Dow : 8376.24 down 215.45 | S & P : 845.22 down 25.52
| NASDAQ: 1445.56 down 46.82 | Bond (10Y): 2.55%, 110.44
MARKETS:
Stocks tumble ahead of jobs report
Wall Street retreats on weak economic readings and auto bailout
hearing. Friday's employment report looms.

U.S. stocks decline for first time in thee days as layoffs rise

Date: Thu, 04 Dec 2008 17:01:51 -0500

U.S. stocks decline for first time in thee days as layoffs rise

U.S. stocks close sharply lower as auto executives plead for federal
aid and in the aftermath of mostly dismal retail-sales results and
layoffs from corporate giants including AT&T Inc. and DuPont Co.


FUTURES MOVERS: CRUDE TUMBLES 7% TO LOWEST IN NEARLY FOUR YEARS

Crude-oil futures fall for the fifth straight session, slumping nearly
7% to close at their lowest level in nearly four years amid ongoing
demand worries.

BIG 3 CAR EXECUTIVES AGREE TO TAKE ORDERS FROM WASHINGTON

Chastened leaders of the U.S. automobile industry agree to accept
strong oversight from Washington in return for the immediate govenment
aid they say is needed to keep the industry alive past the new year.

RETAILERS POST WORST MONTH ON RECORD, SETTING SOMBER HOLIDAY TONE

November retail sales miss already-lowered expectations, echoing a
familiar theme that's haunted U.S. retailers this year, as jittery
consumers were pinched by the recessionary economy.

AT&T TO ELIMINATE 12,000 JOBS

AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its
workforce, and spend less on new equipment in 2009 in response to a
weakening economy.

U.S. stocks finish sharply lower; GM paces Dow retreat, down 215.45, 16%

Date: Thu, 04 Dec 2008 16:05:30 -0500

U.S. stocks finish sharply lower; GM paces Dow retreat, down 16%
4:03:35 PM EDT

Energy: Exxon Mobil sticks to long-term view of global energy growth

Date: 4 DEC 2008 20:06:15 GMT

Exxon Mobil, undaunted by a steep drop in oil prices, held fast
Thursday to its forecast that world energy demand will show steady
overall growth through 2030.

Dow industrials down 200 points in final hour of trade

Date: Thu, 04 Dec 2008 15:09:30 -0500

BULLETIN: Dow industrials down 200 points in final hour of trade
12/4/2008 3:07:37 PM EDT

Average 30-year mortgage rate at lowest level since January: Freddie Mac

Date: Thu, 04 Dec 2008 11:03:12 -0500

Average 30-year mortgage rate at lowest level since January: Freddie Mac
12/4/2008 11:01:19 AM EDT

Energy: Canadian stocks rise, led by miners, financials

Date: 4 DEC 2008 16:40:51 GMT

Canadian stocks rise, with mining and financial shares leading the
gains, as global central banks aggressively cut interest rates in a
move to revive economic growth.

U.S. stocks slip lower on weak retail sales and job losses

Date: Thu, 04 Dec 2008 12:01:17 -0500

U.S. stocks slip lower on weak retail sales and job losses

U.S. stocks ease after retailers report mostly disappointing sales
results and companies including AT&T Inc. and DuPont Co. say they will
slash thousands of workers from their payrolls.

RETAILERS TURN IN ANOTHER UGLY MONTH WHILE WAL-MART SHINES

November retail sales miss already-lowered expectations, echoing a
familiar theme that's haunted U.S. retailers this year, as jittery
consumers were pinched by the recessionary economy.

ECONOMIC REPORT: INITIAL CLAIMS FALL TO 1-MONTH LOW 509,000

Weekly initial jobless claims fall to a one-month low even as a less
volatile average rises to its highest level in 16 years, Labor
Department data indicate.

AT&T TO ELIMINATE 12,000 JOBS

AT&T Inc. on Thursday said it would cut 12,000 jobs, or 4% of its
workforce, and spend less on new equipment in 2009 in response to a
weakening economy.

U.S. factory orders down more than 5% in October

Date: Thu, 04 Dec 2008 10:02:47 -0500

U.S. factory orders down more than 5% in October
12/4/2008 10:00:55 AM EDT

Energy: Oil shares slip into the red on weaker crude prices

Date: 4 DEC 2008 15:16:26 GMT

Energy stocks fall with both the broad market and crude oil futures in
the face of layoffs at S&P 500 companies and weak retail sales in
November.

Nasdaq sets pace as U.S. stocks decline at opening bell

Date: Thu, 04 Dec 2008 09:37:17 -0500

Nasdaq sets pace as U.S. stocks decline at opening bell
12/4/2008 9:35:20 AM EDT

Energy: Crude falls for fifth day on demand concerns

Date: 4 DEC 2008 14:06:47 GMT

Crude-oil futures drop for a fifth straight session, trading near
their lowest level in nearly four years, as global central banks
slashed interest rates amid ongoing worries that slower economic
growth will reduce energy demand.

U.S. jobless claims unexpectedly fall, but four-week moving average is at 16-year high

Date: Thu, 04 Dec 2008 08:36:27 -0500

U.S. jobless claims unexpectedly fall, but four-week moving average is
at 16-year high
12/4/2008 8:34:31 AM EDT

AT&T to cut 12,000 jobs

Date: Thu, 04 Dec 2008 08:07:13 -0500

AT&T to cut 12,000 jobs
12/4/2008 8:05:23 AM EDT

Wal-Mart's November same-sales climb 3.4%, topping estimates

Date: Thu, 04 Dec 2008 07:57:06 -0500

Wal-Mart's November same-sales climb 3.4%, topping estimates
12/4/2008 7:55:10 AM EDT

Bank of England cuts rates to 2%, lowest level since 1939

Date: Thu, 04 Dec 2008 07:02:15 -0500

Bank of England cuts rates to 2%, lowest level since 1939
12/4/2008 7:00:30 AM EDT

Wednesday, December 03, 2008

Tech : Marvell powers sector back into black

Date: Wed, 03 Dec 2008 18:00:11 -0500

Tech Stocks: Marvell powers sector back into black
12/3/2008 4:19 PM ET

Technology stocks battle their way back to positive territory, powered
by Marvell soaring more than 18% on stronger-than-expected quarterly
earnings.

-----------------------------------------------------------------
Adobe issues disappointing outlook, will cut jobs

Adobe Systems Inc. issues preliminary results for its fiscal fourth
quarter and a sales outlook for the first quarter that falls short of
expectations, while announcing that it will cut roughly 600 jobs.

-----------------------------------------------------------------
Analog Devices names new CFO
12/3/2008 5:24 PM ET

Analog Devices Inc. names David Zinsner as its new chief financial officer.

-----------------------------------------------------------------
Marvell shares soar 20% on better-than-expected results

12/3/2008 5:14 PM ET
Shares of Marvell Technology Group Ltd. soar 20% one day after the
chip maker swung to a profit with quarterly results that surpassed
most Wall Street projections.

-----------------------------------------------------------------
SanDisk shares soar 25% on Toshiba buyout talk

12/3/2008 4:18 PM ET
Shares of SanDisk Corp. soar more than 25% Wednesday on a rumor that
Toshiba Corp. is considering buying the chip maker.

-----------------------------------------------------------------
Telecom Stocks: AT&T, Ericsson gain; Nokia retreats

12/3/2008 3:17 PM ET
Telecommunications stocks extended gains Wednesday
for the second straight trading session, though price increases were
narrow. AT&T Inc. and Ericsson were among the leaders.

-----------------------------------------------------------------
Credit costs for riskier European borrowers hit distressed mark
12/3/2008 3:14 PM ET

The cost of insuring European high-yield issuers against default shot
to distressed levels for the first time ever Wednesday, as grim
economic data bolstered expectations of a severe recession for the
region.

-----------------------------------------------------------------
Europe Markets: European stocks stage late rally as volatilty continues
12/3/2008 12:12 PM ET

European shares fall on Wednesday, pressured by losses for oil majors
and a sharp sell-off for chip maker Infineon Technologies.

-----------------------------------------------------------------
Economic Report: U.S. services sector contracting at record pace
12/3/2008 11:05 AM ET

Non-manufacturing companies in the United States were contracting in
November at the fastest pace on record, according to a survey of
companies by the Institute for Supply Management.

-----------------------------------------------------------------
Israel Stocks: Market lower; Israel Corp. and Discount Bank in analyst focus
12/3/2008 10:25 AM ET

Israel stocks fell on Wednesday, with some top
blue-chip and real-estate names falling and the banks mixed due to a
continued positive stock move by Mizrachi Tefahot.

-----------------------------------------------------------------
Research In Motion cuts profit and sales goals
12/3/2008 10:15 AM ET

BlackBerry maker Research in Motion slashes its third-quarter revenue
and earnings goals for the fiscal third quarter, becoming the latest
maker of mobile devices to pare estimates as the world economy
languishes.

Markets Wednesday, 12/3/2008

Date: Wed, 3 Dec 2008 17:31:06 -0500
------------------------------------------------------------------------|
| Dow : 8591.69 up 172.60 | S & P : 870.74 up 21.93 |
| NASDAQ: 1492.38 up 42.58 | Bond (10Y): 2.67%, 109.47

MARKETS:
Stocks gain for 2nd session
Wall Street manages to advance in a volatile session as investors try
to look beyond weak economic news.

After the Bell: U.S. stocks end higher for second day on mortgage hopes



Date: Wed, Dec 3, 2008 at 2:01 PM

U.S. stocks end higher for second day on mortgage hopes


ECONOMIC REPORT: U.S. SERVICES SECTOR CONTRACTING AT RECORD PACE

Non-manufacturing companies in the United States were contracting in November at the fastest pace on record, according to a survey of companies by the Institute for Supply Management.

RESEARCH IN MOTION CUTS PROFIT AND SALES GOALS

BlackBerry maker Research in Motion slashes its third-quarter revenue and
earnings goals for the fiscal third quarter, becoming the latest maker of
mobile devices to pare estimates as the world economy languishes.

EUROPE'S CENTRAL BANKERS EXPECTED TO DELIVER BIG RATE CUTS

Increasingly dismal economic data and mounting worries over the potential for
deflation have economists expecting bold steps by Europe's central bankers on
Thursday.

EMERGING MARKETS REPORT: THAILAND SLASHES RATES TO RESUSCITATE ECONOMIC GROWTH

The Bank of Thailand delivered its biggest ever interest rate cut in an
aggressive move to buoy economic growth that has been hurt by domestic
political turmoil and the global financial crisis.

Treasury considering plan to lower mortgage rates for new home loans: Wall Street Journal

Date: Wed, Dec 3, 2008 at 1:16 PM

Treasury considering plan to lower mortgage rates for new home loans: Wall Street Journal
4:14:59 PM EDT

Dow closes with 172-point gain after trading in 400-point range; oil at 4-year low

Date: Wed, Dec 3, 2008 at 1:07 PM

Dow closes with 172-point gain after trading in 400-point range; oil at 4-year low
4:05:09 PM EDT


Fed Beige Book says U.S. economy weak coast to coast

Date: Wed, 03 Dec 2008 14:05:03 -0500

Fed Beige Book says U.S. economy weak coast to coast
12/3/2008 2:03:10 PM EDT

Dow industrials fall 100 points as U.S. stocks reverse course

Date: Wed, 03 Dec 2008 13:53:01 -0500

Dow industrials fall 100 points as U.S. stocks reverse course
12/3/2008 1:51:04 PM EDT

U.S. stocks scale back losses; Nasdaq Composite gains

Date: Wed, 03 Dec 2008 12:01:14 -0500
U.S. stocks scale back losses; Nasdaq Composite gains

U.S. stocks open lower after Research In Motion cuts its forecast and
industry data show the worst job losses since 2001.

ECONOMIC REPORT: U.S. SERVICES SECTOR CONTRACTING AT RECORD PACE

Non-manufacturing companies in the United States were contracting in
November at the fastest pace on record, according to a survey of
companies by the Institute for Supply Management.

RESEARCH IN MOTION CUTS PROFIT AND SALES GOALS

BlackBerry maker Research in Motion slashes its third-quarter revenue
and earnings goals for the fiscal third quarter, becoming the latest
maker of mobile devices to pare estimates as the world economy
languishes.

EUROPE'S CENTRAL BANKERS EXPECTED TO DELIVER BIG RATE CUTS

Increasingly dismal economic data and mounting worries over the
potential for deflation have economists expecting bold steps by
Europe's central bankers on Thursday.

EMERGING MARKETS REPORT: THAILAND SLASHES RATES TO RESUSCITATE ECONOMIC GROWTH

The Bank of Thailand delivered its biggest ever interest rate cut in an
aggressive move to buoy economic growth that has been hurt by domestic
political turmoil and the global financial crisis.

U.S. stock indexes turn positive, led by 1.2% Nasdaq gain

Date: Wed, 03 Dec 2008 10:55:57 -0500

U.S. stock indexes turn positive, led by 1.2% Nasdaq gain
12/3/2008 10:54:09 AM EDT

U.S. service-economy gauge hits record low

Date: Wed, 03 Dec 2008 10:08:16 -0500

U.S. service-economy gauge hits record low
12/3/2008 10:06:24 AM EDT

Energy: Exxon Mobil CEO base salary up 10%

Date: 3 DEC 2008 15:03:21 GMT

Exxon Mobil Corp. Chairman and Chief Executive Rex W. Tillerson will
receive a 10% base salary increase of $187,000 to $2.06 million in
2009 plus 225,000 shares of restricted stock, according to a filing
with regulators.

U.S. stocks retreat early Wednesday; Dow takes triple-digit hit

Date: Wed, 03 Dec 2008 09:32:54 -0500

U.S. stocks retreat early Wednesday; Dow takes triple-digit hit
12/3/2008 9:31:02 AM EDT

Energy: Oil trades near $47 a barrel ahead of supply data

Date: 3 DEC 2008 14:08:01 GMT

Oil futures trade near their lowest level in over three years, as
investors awaited the latest data on U.S. petroleum supplies due later
in the session.

Energy: Research In Motion, Constellation Energy, Infineon in focus

Date: 3 DEC 2008 13:48:49 GMT
Research In Motion, Constellation Energy, Infineon in focus

U.S. stock market futures pointed lower Wednesday after a profit
warning from Research In Motion and data showing a heavy fall in
private sector employment during November.

ADP monthly figures show largest private-sector job loss in seven years

Date: Wed, 03 Dec 2008 08:44:21 -0500

BULLETIN: ADP monthly figures show largest private-sector job loss in
seven years
12/3/2008 8:42:24 AM EDT

Energy: Infineon Technologies slumps in lower Europe

Date: 3 DEC 2008 09:06:31 GMT

European shares fall on Wednesday, pressured by losses for oil majors
and a sharp sell-off for chip maker Infineon Technologies.

Tuesday, December 02, 2008

Tech: Surges by Yahoo, Palm highlight tech rally

Date: Tue, 02 Dec 2008 18:00:14 -0500
-----------------------------------------------------------------
Tech Stocks: Surges by Yahoo, Palm highlight tech rally

12/2/2008 4:59 PM ET
Technology stocks close solidly higher, marked by a jump in Yahoo
shares on talk about a potential new bidder, and by a late rally by
Palm Inc.

-----------------------------------------------------------------
Tech Stocks: Sell-off slams tech stocks as Nasdaq plunges nearly 9%
12/1/2008 5:28 PM ET

Technology stocks tumble as the broader market retreats on gloomy
economic data, with poor semiconductor sales hurting chip shares.

-----------------------------------------------------------------
Intel, Hitachi unveil solid-state drive joint venture
12/2/2008 5:59 PM ET
Shares of Intel Corp. rise more than 5% after the chip giant unveils a
joint venture with Hitachi Global Storage Technologies to develop and
manufacture solid state drives for business computers.

-----------------------------------------------------------------
Marvell Technology swings to third-quarter profit
12/2/2008 4:50 PM ET

SAN FRANCISCO (MarketWatch) - Marvell Technology swung to a profit in
the third-quarter as the chip maker focused on controlling costs in
what the company's chief executive described as a "challenging
business environment."

-----------------------------------------------------------------
Start-ups still have unrealistic valuation goals, tech giants say
12/2/2008 4:35 PM ET

Deep-pocketed technology giants such as Microsoft Corp. and Google
Inc. plan to continue snapping up companies during the economic
downturn, likely benefiting from an ability to drive a hard bargain
with even red-hot startups, according to executives speaking at a
venture capital conference Tuesday.

-----------------------------------------------------------------
Palm shares swing wildly following warning
12/2/2008 4:15 PM ET

Shares of Palm Inc. plunge to a new record-low after the wireless
device maker's warning of a drop in revenue underscored concerns about
the company's viability. The stock got a boost from the market upswing
late in the day, which erased the earlier losses.

-----------------------------------------------------------------
Staples profit plunges as business, retail customers cut back
12/2/2008 2:28 PM ET

Staples Inc., the largest U.S. office supplies chain, says that its
third-quarter profit dropped 43%, hurt by customers cutting back on
the purchases of furniture, computers and business machines in the
face of the declining economy.

-----------------------------------------------------------------
Yahoo shares jump on report that ex-AOL chief may bid for company
12/2/2008 2:15 PM ET

Shares of Yahoo Inc. jumped more than 8% on a media report that former
America Online CEO Jonathan Miller is trying to raise funds to buy a
portion or the entire beleaguered Internet giant.

-----------------------------------------------------------------
Israel Stocks: Market rises; Africa-Israel snaps back; Shufersal in book deal?
12/2/2008 12:03 PM ET

Israel stocks finished strong in the last hour of
trading and rose on Tuesday, with a double-digit snapback in
Africa-Israel buoying both the top index and the real-estate
benchmark.

Markets Tuesday, 12/2/2008

Date: Tue, 2 Dec 2008 17:31:03 -0500

| Dow : 8419.09 up 270.00 | S & P : 848.81 up 32.60 |
| NASDAQ: 1449.80 up 51.73 | Bond (10Y): 2.67%, 109.34 |

MARKETS:
Stocks rally after retreat
Hopes that automakers may get a bailout help markets recover from
previous session's drubbing.

U.S. stocks off highs as GM sales slump, oil falls 5%

Date: Tue, 02 Dec 2008 17:01:37 -0500

U.S. stocks off highs as GM sales slump, oil falls 5%

Stocks lose steam in volatile afternoon trading after General Motors'
worse-than-expected November sales and after another drop in oil
prices drags down the energy sector.

AUTOMAKERS POST STEEP SALES DECLINES

Ford Motor Co. and General Motors Corp. post harsh declines in
November U.S. vehicle sales, serving as timely reminders of the brutal
climate as their top executives head to Capitol Hill in hopes of
gaining access to $25 billion in loans.

FORD, GM PLEDGE TO RESTRUCTURE IN RETURN FOR LOANS

Making a second pitch for $25 billion in emergency loans, the Big
Three U.S. automakers will send restructuring plans to Capitol Hill
emphasizing cost-cutting, the development of fuel-efficient
technologies and downsizing, reports said.

GE VOWS TO SHRINK FINANCE ARM, KEEP DIVIDEND

General Electric Co. shares jump after the conglomerate vows to hit
the low end of its earnings range for the fourth quarter, maintain its
2009 dividend, and cut more costs from its sprawling business.

BRITISH AIRWAYS HOLDING MERGER TALKS WITH AUSTRALIA'S QANTAS

British Airways says it's holding merger talks with Australia's Qantas
Airways in a deal that could combine two of the world's best-known
international carriers.

Dow industrials finish up more than 270 points; S&P gains 4%, Nasdaq rallies 3%

Date: Tue, 02 Dec 2008 16:06:39 -0500

Dow industrials finish up more than 270 points; S&P gains 4%, Nasdaq rallies 3%
12/2/2008 4:04:42 PM EDT

U.S. stocks rise after Monday slide

Date: Tue, 02 Dec 2008 12:01:13 -0500

U.S. stocks rise after Monday slide

U.S. stocks see early gains accelerate, a day after the Dow Jones
Industrial Average records its fourth-biggest point drop on record, as
investors turn to prospects for a bailout of the ailing auto industry.

FORD MAKES PLEA FOR ACCESS TO $9 BILLION IN LOANS

Making a second pitch for $25 billion in emergency loans, the Big
Three U.S. automakers will send restructuring plans to Capitol Hill
emphasizing cost-cutting, the development of fuel-efficient
technologies and downsizing, reports said.

GE RALLIES AS IT VOWS TO MAINTAIN DIVIDEND

General Electric Co. expects fourth-quarter net income of 50 cents to
52 cents a share, the low end of its previously announced range of 50
cents to 56 cents a share, as the conglomerate weathers the credit
crisis and the economic downturn.

BRITISH AIRWAYS HOLDING MERGER TALKS WITH AUSTRALIA'S QANTAS

British Airways on Tuesday says it's holding merger talks with
Australia's Qantas Airways in a deal that could combine two of the
world's best-known international carriers.

SEARS SWINGS TO WIDER-THAN-EXPECTED LOSS

Sears Holdings, already struggling with declining sales and traffic in
the face of rising competition, swings to a wider-than-expected
third-quarter loss after the downturn in the U.S. economy hurts demand
at both its Kmart and Sears chains.

Energy: Canadian stocks trade mixed after sharp tumble

Date: 2 DEC 2008 16:00:54 GMT

Canadian stocks are mixed Tuesday following their 9.3% plunge in the
previous session, as oil and gold prices posted modest rebounds.

U.S. stock indexes bounce back after Monday's plunge; Nasdaq up 1.5%

Date: Tue, 02 Dec 2008 09:34:24 -0500

U.S. stock indexes bounce back after Monday's plunge; Nasdaq up 1.5%
12/2/2008 9:32:29 AM EDT

Monday, December 01, 2008

Tech: Sell-off slams tech stocks as Nasdaq plunges nearly 9%

Date: Mon, 01 Dec 2008 18:00:14 -0500

Tech Stocks: Sell-off slams tech stocks as Nasdaq plunges nearly 9%
12/1/2008 5:28 PM ET

Technology stocks tumble as the broader market retreats on gloomy
economic data, with poor semiconductor sales hurting chip shares.

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Palm warns of disappointing sales for November quarter
12/1/2008 5:30 PM ET

Palm Inc. warns that revenue for its second fiscal quarter will come
in well below Wall Street's expectations as the weakening economy "has
greatly intensified" the already slowing sales of its smartphone
devices.

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After Hours: Palm warns of quarterly sales decline; shares fall
12/1/2008 5:08 PM ET

Shares of Palm Inc. decline in evening action after the mobile-devices
maker warned of lower quarterly revenue.

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Gartner says server sales dropped in third quarter
12/1/2008 4:26 PM ET

More evidence of the economic slowdown's impact on the technology
sector is seen in Gartner Inc.'s latest report on the computer server
market.

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Telecom Stocks: Telecoms tumble as market does, too
12/1/2008 3:19 PM ET

Telecommunications stocks fell sharply in Monday
trades along with the broader U.S. market, repeating a pattern that's
been in effect since the end of the summer.
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Apple seen having strong Black Friday performance
12/1/2008 1:16 PM ET

Wall Street analysts seemed to breath a sigh of relief Monday on
evidence that unusual price cuts by Apple Inc. helped boost sales of
iPods and Macintosh computers over the Black Friday weekend.

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Israel Stocks: Market lower; Bank Mizrachi is lauded by 2 analysts
12/1/2008 12:46 PM ET

Israeli stocks end a two-day winning streak, dropping on weakness in
Israel Chemicals, Teva Pharmaceutical and real-estate issues.

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'Turmoil' seen in chip industry as October sales fall
12/1/2008 11:03 AM ET

Semiconductor sales declined in October, highlighting the serious
impact of the "worldwide financial turmoil" on the sector, an industry
group says.

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Four stocks for December and beyond
12/1/2008 12:03 AM ET

The steep decline in the markets has introduced a level of fear into
the system that hasn't been seen in decades.

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Black Friday e-commerce spending reported edging up 1%
11/30/2008 3:27 PM ET

Black Friday, the traditional start of the holiday shopping season,
sees a 1% gain in online shopping from last year, even as broader
seasonal sales are trending down, according to ComScore.

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Reports conflict over Microsoft plan to buy Yahoo search
11/30/2008 2:10 PM ET

News reports offer conflicting accounts as to whether Microsoft is in
talks to buy Yahoo's search business for $20 billion.

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Israel Stocks: Tel Aviv shares higher on Teva, ICL, Elbit gains
11/30/2008 11:19 AM ET

Israel stocks rise, led by strength in Teva and Israel Chemicals and
by an advance in the tech and real-estate sectors.

Breaking News: Dow falls more than 650 points

Date: Mon, 01 Dec 2008 15:26:00 -0600

NEW YORK (AP) - Stocks fell sharply on Monday on reports of only a
modest gain in holiday shopping sales, followed by news confirming
that the USA is in a recession. The Dow Jones industrial average fell
679 points, wiping out more than half the 1,276 points it added during
a five-day rally built on investors' budding optimism about the
economy.

Markets Monday, 12/1/2008

Date: Mon, 1 Dec 2008 17:31:03 -0500

| Dow : 8149.09 down 679.95 | S & P : 816.21 down 80.03
| NASDAQ: 1398.07 down 137.50 | Bond (10Y): 2.71%, 108.63

MARKETS:
Dow plunges 680 points
Stocks slump as U.S. recession is officially called and signs point to
a prolonged slowdown.

Dow slides 680 points on gloomy global economy

Date: Mon, 01 Dec 2008 17:01:36 -0500

Dow slides 680 points on gloomy global economy

Energy and financial stocks pace a sharp drop in U.S. equity prices,
as economic reports from around the world compound anxiety about a
global recession.

ECONOMIC REPORT: RECESSION BEGAN A YEAR AGO, ECONOMISTS SAY

The U.S. economy entered a recession in December 2007, a committee of
economists at the private National Bureau of Economic Research say.

THE FED: BERNANKE SAYS FED STILL HAS ARROWS IN QUIVER

The Federal Reserve has lowered interest rates just about as far as
they can go, but the U.S. central bank still has plenty of available
firepower it could deploy to restore financial markets to normal, Fed
Chairman Ben Bernanke says.

FUTURES MOVERS: OIL DROPS OVER 9% AS OPEC KEEPS OUTPUT ON HOLD

Oil futures tumble more than 9%, coming under heavy selling pressure
after OPEC left current output targets unchanged and in the face of
weak economic data from around the world.

Breaking News

Date: Mon, 01 Dec 2008 13:17:48 -0800 (PST)

The Dow closes down about 680 points, as manufacturing hits a 26-year
low and the U.S. is declared to be in a recession.

Breaking News: U.S. officially in recession

Date: Mon, 01 Dec 2008 11:31:16 -0600

WASHINGTON - The USA is officially in a recession that began a year
ago, the committee of economists that dates business cycles said
Monday. "The committee determined that a peak in economic activity
occurred in the U.S. economy in December 2007," the National Bureau of
Economic Research said in a statement. "The peak marks the end of the
expansion that began in November 2001 and the beginning of a
recession."

U.S. economy entered recession in December 2007: NBER

Date: Mon, 01 Dec 2008 12:13:36 -0500

U.S. economy entered recession in December 2007: NBER
12/1/2008 12:11:49 PM EDT

U.S. stocks steeply lower on gloomy global data

Date: Mon, 01 Dec 2008 12:01:13 -0500

U.S. stocks steeply lower on gloomy global data

U.S. stocks are sharply lower, kicking off December by shaving off
some of the strong gains from last week, as economic reports from
around the world fueled concerns about a global recession.

ECONOMIC REPORT: GLOBAL MANUFACTURING GAUGES COLLAPSE IN NOVEMBER

Manufacturing gauges in three major world economies showed sharp
contractions in November, according to new data showing fresh
recessionary signals.

BLACK FRIDAY DOESN'T A SEASON MAKE

Retailers breathe a small sigh of relief as door-buster specials and
other promotions appear to have led to better-than-expected sales and
traffic on Black Friday.

FORD MULLS SALE OF VOLVO AS IT CRAFTS A SURVIVAL PLAN

Pinched for cash, the automaker says it may unload the last brand left
from its stable of luxury European nameplates that once included Aston
Martin, Jaguar and Land Rover.

CITI FUND BUYING SPANISH HIGHWAYS FOR $10 BILLION

A Citigroup infrastructure fund is bidding 7.9 billion euros ($10.2
billion) to buy a Spanish highway operating firm, the firms say.

Energy: Canadian stocks fall sharply, as commodities drop

Date: 1 DEC 2008 16:08:29 GMT

Canadian stocks fall sharply, led lower by mining shares, as tumbling
commodity prices and grim economic data from around the world weigh on
sentiment.

Dow industrials down 400 points; Nasdaq, S&P slide 5.4%

Date: Mon, 01 Dec 2008 11:08:23 -0500

Dow industrials down 400 points; Nasdaq, S&P slide 5.4%
12/1/2008 11:06:35 AM EDT

Obama picks Sen. Clinton for secretary of state; Gates to head Defense Department

Date: Mon, 01 Dec 2008 10:47:34 -0500

Obama picks Sen. Clinton for secretary of state; Gates to head Defense
Department
12/1/2008 10:45:44 AM EDT

Energy: Sector pulls broad market lower on OPEC, sliding oil prices

Date: 1 DEC 2008 15:18:12 GMT

Energy shares underperform a sliding broad market as oil prices, OPEC
and China woes weigh heavily on the sector.

U.S. manufacturing gauge hits lowest level since 1981

Date: Mon, 01 Dec 2008 10:08:26 -0500

U.S. manufacturing gauge hits lowest level since 1981
12/1/2008 10:06:33 AM EDT

Dow industrials fall 250 points early Monday; Nasdaq, S&P down nearly 3%

Date: Mon, 01 Dec 2008 09:36:14 -0500

Dow industrials fall 250 points early Monday; Nasdaq, S&P down nearly 3%
12/1/2008 9:34:20 AM EDT