Archive for November 6th, 2008

posted by admin on Nov 6

AP - Japan’s benchmark stock index fell sharply in early trade Friday in its second straight day of losses since the U.S. election.

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posted by admin on Nov 6

A specialist  works at his post on the floor of the New York Stock Exchange Thursday, Nov. 6, 2008. (AP Photo/Richard Drew)AP - Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.


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posted by admin on Nov 6

Job seekers listen to Tim McAndrews, center, a representative of Aflac, at a job fair sponsored by Monster.com at a hotel in Newark, N.J., Thursday, Oct. 30, 2008. Weekly jobless claims dip to 481,000; long-term claims jump to highest level in 25 years the Labor Department announce Thursday, Nov. 6, 2008. (AP Photo/Mike Derer)AP - A fresh wave of bad economic news, including a half-million Americans newly out of work and the weakest October retail sales in nearly 40 years, pummeled the stock market Thursday, driving the Dow Jones industrials under 9,000 again with a stunning two-day decline of 10 percent.


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posted by admin on Nov 6

President of European Central Bank Jean-Claude Trichet is seen on a TV screen at the stock market in Frankfurt, central Germany, Thursday, Nov. 6, 2008, as he announces that the European Central Bank slashed its benchmark interest rate by half a percentage point to 2.75 percent.(AP Photo/Michael Probst)AP - World stock markets slumped Thursday after interest rate cuts across Europe, including a much bigger than anticipated reduction from the Bank of England, were not enough to keep investors from fretting about the outlook for the global economy.


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posted by admin on Nov 6

A trader works on the floor of the New York Stock Exchange, November 6, 2008. (Brendan McDermid/Reuters)Reuters - Stocks sold off on Thursday in the worst two-day slide since October 1987 with disappointing corporate outlooks and bleak sales from major retailers fueling fears of a deepening economic downturn.


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posted by admin on Nov 6

People are reflected on a share chart in Tokyo. Global stock markets plunged Thursday on growing fears the world economy faces a deep and long lasting recession as the financial crisis saps growth and dangerously weakens the banking system.(AFP/Yoshikazu Tsuno)AFP - Global stock markets plunged Thursday on growing fears of a deep recession as the financial crisis saps growth and dangerously weakens the banking system.


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posted by admin on Nov 6

The logo of the New York Stock Exchange. US stocks were hammered for a second day in a row Thursday as global markets plunged on fears of a deep worldwide recession.(AFP/File/Don Emmert)AFP - US stocks were hammered for a second day in a row Thursday as global markets plunged on fears of a deep worldwide recession.


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posted by admin on Nov 6

The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.(AFP/File/Shaun Curry)AFP - The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.


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