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08/28/2008 01:24 PM |
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Toyota cuts sales forecast as demand sputters |
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TOKYO (Reuters) - Toyota Motor Corp, the world's most profitable carmaker, cut its 2009 vehicle sales forecast by nearly 7 percent due to a severe downturn in Western markets driven by high fuel prices and a credit crunch.
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08/28/2008 10:54 AM |
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Starbucks top brass to receive no raise next year |
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NEW YORK (Reuters) - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company.
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08/28/2008 01:03 PM |
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Oil rises above $119 on storm fears |
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TOKYO (Reuters) - Oil rose for a fourth straight day to above $119 a barrel on Thursday, on fears Tropical Storm Gustav may hit the Gulf of Mexico after it morphs into a major hurricane, crippling the heart of U.S. offshore production.
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08/28/2008 11:54 AM |
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Caterpillar sees strong China sales enduring |
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BEIJING (Reuters) - Caterpillar Inc expects weakness in rich-country economies to persist into 2009 but its sales in China will remain strong, Jim Owens, chairman and chief executive of the U.S. construction and mining equipment firm, said on Thursday.
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08/28/2008 11:41 AM |
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Esprit shares plummet on growth worries |
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HONG KONG (Reuters) - Shares in Esprit Holdings, the world's No. 5 fashion retailer, plunged nearly a fifth on Thursday to their lowest in two years after the firm missed earnings forecasts and warned investors of tougher times ahead.
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08/28/2008 12:17 PM |
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GM to put $200 million in India engine plant |
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MUMBAI (Reuters) - General Motors Corp on Thursday
said it would invest more than $200 million initially in a
powertrain plant in India, as the troubled carmaker aims to
double its share of a fast-growing but increasingly competitive
market.
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08/28/2008 11:25 AM |
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CFTC inspector starts probe into oil report: paper |
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(Reuters) - The Inspector General for the U.S. commodity-futures regulator has officially begun an investigation into an inter-agency report on commodity markets, the Wall Street Journal said citing a person close to the matter.
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08/28/2008 11:56 AM |
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American Media may refinance $570 million debt: report |
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(Reuters) - Struggling tabloid publisher American Media Inc has secured the backing of many of its creditors for a new bond offering to refinance $570 million in existing debt, the Wall Street Journal said.
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08/28/2008 02:05 AM |
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Strong data, financials drive stocks higher |
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NEW YORK (Reuters) - Stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
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08/28/2008 09:20 AM |
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Ricoh shares up on Ikon acquisition, Canon slides |
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TOKYO (Reuters) - Shares of copier and printer maker Ricoh Co Ltd jumped nearly 4 percent on its $1.6 billion acquisition of U.S. distributor Ikon Office Solutions , while rival Canon Inc slid to a four-month low on concerns the deal would hurt its business.
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