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Updated 4 minutes ago
Business

GM's Saab deal falls through

CNNMoney.com - Chris Isidore - ‎12 minutes ago‎
Deal to sell niche Swedish brand to Koenigsegg Group, a maker of high-end sports cars, is called off. By Chris Isidore, CNNMoney.com senior writer It turns out the day after Thanksgiving is a great day to shop for a car.
Saab May Be Dead Atlantic Online

fdic's Bair cautions on big bank break-up power

Reuters - Karey Wutkowski, Tim Dobbyn - ‎31 minutes ago‎
WASHINGTON (Reuters) - A top US bank regulator on Tuesday said lawmakers need to be careful about moving forward with a proposal that could break up the largest financial institutions, while also voicing support for its objective.

Agency is slow on crib recall

Coos Bay World - ‎4 minutes ago‎
WASHINGTON (AP) - The head of the Consumer Product Safety Commission conceded today the agency “hasn't been acting as quickly as it should” on crib safety problems.

China's State Grid Enters Utility Storage Market

CNNMoney.com - ‎1 hour ago‎
SHANGHAI -(Dow Jones)- China's State Grid Corp. said last week that it had developed its own sodium-sulfur battery for large-scale energy storage applications, marking the entry into that market of a major energy player.

Treasury Notes Rise After $42 Billion 5-Year Sale as Fed Looms

Bloomberg - Ruby Madren-Britton, Daniel Kruger - ‎39 minutes ago‎
Nov. 24 (Bloomberg) -- Treasury notes rose after a record $42 billion sale of five-year debt drew the strongest demand in over two years before the Federal Reserve releases the minutes of its November meeting, ...

Stocks Fall after GDP Revision

BusinessWeek - ‎1 hour ago‎
The economy's Q3 growth rate was revised lower to 2.8% from 3.5%. Traders Tuesday also weighed data on home prices and consumer confidence US stock indexes were broadly lower Tuesday morning after reports that third-quarter gross domestic product (GDP) ...

More shoppers plan Black Friday visits

Reuters - Alexandria Sage - ‎30 minutes ago‎
SAN FRANCISCO (Reuters) - Up to 134 million US consumers may shop for holiday gifts this Thanksgiving weekend, although most will check the bargains before venturing out, according to a survey released on Tuesday.

US airlines fined for stranding travelers on plane

Reuters - John Crawley, John Wallace - ‎1 hour ago‎
WASHINGTON (Reuters) - The US government on Tuesday imposed its first-ever punishment against airlines for stranding passengers aboard aircraft, fining three carriers $175000 for a six-hour ordeal in Minnesota.

US Economy: Growth Estimate Cut as Consumers Curb Spending

Bloomberg - Timothy R. Homan - ‎2 hours ago‎
Nov. 24 (Bloomberg) -- The US economy expanded less than initially estimated last quarter as consumer spending trailed forecasts, raising concerns about the strength of the recovery.

Reports on consumer confidence, GDP tug at stocks

The Associated Press - Stephen Bernard, Sara Lepro - ‎50 minutes ago‎
NEW YORK - Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism.

US Airways defers delivery of 54 aircraft

The Associated Press - ‎35 minutes ago‎
TEMPE, Ariz. - US Airways said Tuesday it will delay delivery of 54 Airbus jets until at least 2013 as it tries to bolster its financial strength.

US Stocks Down On Worries Over Consumer Spending, Economy

Wall Street Journal - Peter A. McKay, Donna Kardos Yesalavich - ‎18 minutes ago‎
Stocks continued their slump Tuesday afternoon as investors worried about consumer spending and the economy and a possible clampdown on bank lending in China.

WRAPUP 1-Barnes & Noble cuts outlook; Borders sales fall

Reuters - Phil Wahba - ‎2 hours ago‎
NEW YORK, Nov 24 (Reuters) - Barnes & Noble Inc (BKS.N) cut its full-year forecast on expectations of a tough holiday season and high costs for its Nook electronic reader, while rival Borders Group Inc (BGP.

WestLB's Owners, German Government Agree on Rescue

Bloomberg - Tony Czuczka, Jann Bettinga - ‎1 hour ago‎
Nov. 24 (Bloomberg) -- WestLB AG's owners reached agreement with Germany's bank-bailout fund to rescue the country's third- biggest state-owned lender, which is seeking to shift about 85 billion euros ($127 billion) ...

Medtronic 2Q Profit Soars 59%; EPS Outlook Raised

Wall Street Journal - Jon Kamp - ‎36 minutes ago‎
Medtronic Inc.'s (MDT) fiscal second-quarter earnings surged 59% compared with a charge-addled period last year with help from strong revenue growth and an implantable defibrillator business that seemed to shrug off ...

NYMEX-Crude slips on GDP revision, inventory views

Reuters - ‎1 hour ago‎
NEW YORK, Nov 24 (Reuters) - US crude oil futures fell on Tuesday as on a report showing third-quarter economic growth was less than earlier estimated and on expectations that crude oil inventories rose last week.

Rajaratnam Slams Wiretaps, Cites Analysts in Defense

Bloomberg - David Scheer, Joshua Gallu - ‎1 hour ago‎
Nov. 24 (Bloomberg) -- Attorneys for Galleon Group founder Raj Rajaratnam denied a US regulator's claims he engaged in insider trading, saying he based investments on analyst research and media reports and ...
Rajaratnam Responds to SEC Wall Street Journal

News Corp. Joined by Rivals Weighing Google Block

Bloomberg - Greg Bensinger, Brian Womack - ‎10 hours ago‎
Nov. 24 (Bloomberg) -- Publishers of the Denver Post and the Dallas Morning News may pull some of their stories from Google Inc.'s news site, a move that would emulate News Corp.

Dollar Tree posts 3Q profit on sales boost

BusinessWeek - ‎1 hour ago‎
Dollar Tree Inc. on Tuesday reported a 58 percent rise in profit for the third quarter that topped Wall Street expectations as consumers shopped at the discount store during the weak economy.

Heinz 2Q profit falls 16 percent

The Associated Press - Sarah Skidmore - ‎1 hour ago‎
PORTLAND, Ore. - HJ Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its US and European sales during the second quarter as shoppers limited spending or chose lower-priced products.

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