WASHINGTON (Reuters) - Central banks around the globe on Wednesday banded together to make it easier for stressed banks to borrow money in the midst of a credit crunch that threatens to knock the U.S. economy into recession and slow growth worldwide.
NEW YORK (Reuters) - The shares of three of the major U.S. banks -- Bank of America Corp , Wachovia Corp and PNC Financial Services Group -- fell on Wednesday after they warned of fourth-quarter write-downs and loan losses.
NEW YORK (Reuters) - Stocks fell on Wednesday, reversing an earlier rally, as concerns about more mortgage losses at banks outweighed initial optimism over a joint central bank move to combat the credit squeeze.
NEW YORK (Reuters) - Dow Jones & Co shareholders holding more than 50 percent of the voting power of the company approved its $5.6 billion sale to Rupert Murdoch's News Corp , the Wall Street Journal Web site said on Wednesday.
WASHINGTON (Reuters) - Toyota Motor Corp expects U.S. sales to grow by about 3 percent in 2008, roughly the same pace as this year, the company's U.S. president said on Wednesday.
BOSTON (Reuters) - Investors viewed General Electric Co's lower-than-expected 2008 profit guidance as a beat-able number and took heart in its plans to trim its consumer financial services business, sending its shares higher on Wednesday.
NEW YORK (Reuters) - Holiday sales were off to a strong start, according to data from SpendingPulse released on Wednesday, easing concerns about a possible sharp pullback in consumer spending this season.
NEW YORK (Reuters) - 3M Co , the maker of such products as Scotch tape and optical films for liquid crystal displays, said on Wednesday it expects double-digit sales and earnings growth in 2008 and forecast profit slightly above the average Wall Street estimate.
NEW YORK (Reuters) - The U.S. trade deficit widened slightly more than expected in October as a record price for imported oil outweighed the export-spurring benefits of a weaker dollar, a Commerce Department report showed on Wednesday.
NEW YORK (Reuters) - Office supplies retailer Office Depot Inc on Wednesday said it sees sales and earnings continuing to erode in the fourth quarter due to housing-related struggles in some of its key markets.
