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Frankel: Markets Extremely Oversold |
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Wednesday, 19 November 2008 |
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11/19/08 Jeff Frankel, of Stuart Frankel & Co., says investors are hesitant to get in the market until the new administration takes office but the markets are extremely oversold, expect wild volatility. |
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CEO Council: Office Depot Shifting Tactics In Downturn |
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Wednesday, 19 November 2008 |
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Office Depot CEO Steve Odland tells WSJ's Erin White that his company has changed its services and offerings to try and counter the economic downswing. (Nov. 19) |
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Greece braces for shipping storm |
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Wednesday, 19 November 2008 |
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Greek shipowners are facing the perfect storm as the global financial crisis threatens to sink the industry. The bottom has fallen out of the global shipping industry. In just a few months, dry cargo rates have fallen by more than 90 percent as demand for transport of commodities to fast-growing nations, like China and India, has slumped. On top of that, the credit crunch has made banks reluctant to lend money to shipowners and to provide financial guarantees to allow their vessels to sail, leaving some stuck in harbour. |
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Dark days in Scandanavia |
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Wednesday, 19 November 2008 |
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The Nordic region, known for its buoyant labour market, is now feeling the effects of the global economic slowdown. In Sweden, where the economy is dominated by exporters like Volvo and Ercisson, the outlook has darkened as the global financial crisis has pushed some of its main foreign markets into recession. Volvo Group and Ford-owned Volvo Cars have already announced thousands of job cuts across the country, and many Swedes are worried about what the future holds. Joanna Partridge reports for Reuters |
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Yahoo's Yang Resigns |
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Wednesday, 19 November 2008 |
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11/19/08 Yahoo's CEO Jerry Yang resigns after a tumutuos year for the company he co-founded in 1995 and opens the door for renegotiations with Microsoft. |
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