Business News AP
Argentine Senate approves pension plan takeover PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 08:42

BUENOS AIRES, Argentina (AP) - Argentina's Senate passed a bill to nationalize $23 billion in private pension funds on Thursday in a move that analysts say could protect retirees from short-term stock market chaos but also limit their long-term retirement income.

 
New York Times Co. cuts dividend by 74 percent PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 08:27

NEW YORK (AP) - The New York Times Co. is slashing its quarterly dividend by 74 percent amid a worsening advertising slump, a move that will save the company money but also curtail the income of the Sulzberger family, the controlling shareholders of the storied newspaper publisher.

 
Microsoft lets Zune music subscribers keep tunes PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 06:41

REDMOND, Wash. (AP) - Microsoft Corp. is giving an early holiday gift to people who pay for all-you-can-listen access to the Zune digital music store: 10 songs to keep each month, included in the $14.99 monthly subscription fee.

 
Google empowers users to edit search results PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 06:26

SAN FRANCISCO (AP) - If Google delivers useless search results, just erase them and you won't see them again.

 
Gap's 3Q profit edges up 3.4 percent on cost cuts PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 05:56

NEW YORK (AP) - Gap Inc. reported Thursday that its third-quarter profit rose 3.4 percent as cost-cutting efforts offset a sales slump. The apparel chain also affirmed its profit guidance for the full year but said the tough times will last at least another six months.

 
World stocks down amid fears of deep recession PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 05:56

LONDON (AP) - World stocks fell sharply Thursday as fears of a deep global recession gripped markets and sent oil prices below $50 a barrel to levels not seen in more than three years.

 
PepsiCo to invest up to $3B in Mexico in 5 years PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 05:25

MILWAUKEE (AP) - PepsiCo plans to invest up to $3 billion in Mexico in the next five years to grow its beverages and food brands Sabritas and Gamesa there.

 
Banco do Brasil buys Nossa Caixa bank for $2.3 bln PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 05:25

BRASILIA, Brazil (AP) - Banco do Brasil SA plans to spend 5.4 billion reals ($2.3 billion) to boost its stake in Nossa Caixa, expanding its reach a month after losing its spot as Brazil's biggest bank.

 
General Motors, Citigroup, Saks big movers PDF Print E-mail
Written by Associated Press   
Thursday, 20 November 2008 04:40

NEW YORK (AP) - Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:

 
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