MLC FLASH NEWS

October 31, 2008

October auto sales may have hit two-decade low

Filed under: Gadgets — Reuters: Top News @ 7:22 pm

DETROIT (Reuters) - U.S. auto sales are expected to plunge to the lowest levels of the year in October and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return.

Obama retains seven-point lead on McCain

Filed under: Gadgets — Reuters: Top News @ 11:50 am

WASHINGTON (Reuters) - Democrat Barack Obama’s lead over Republican rival John McCain held steady at seven points as the race for the White House entered its final four days, according to a Reuters/C-SPAN/Zogby poll released on Friday.

Auto aid pleas mount; Treasury says no GM talks

Filed under: Gadgets — Reuters: Top News @ 12:38 am

DETROIT/WASHINGTON (Reuters) - Six U.S. governors and a group of chief executives on Thursday urged the Bush administration in a letter to aid the embattled auto industry while the White House rebuffed a request for direct support of a merger between GM and Chrysler.

Consumers slash spending, world markets stabilize

Filed under: Gadgets — Reuters: Top News @ 12:32 am
NEW YORK (Reuters) - Americans slashed spending and the country's business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.

October 30, 2008

Obama takes 7-point lead on McCain

Filed under: Gadgets — Reuters: Top News @ 8:20 am

WASHINGTON (Reuters) - Democrat Barack Obama has opened a 7-point lead over Republican rival John McCain with five days left in the race for the White House, according to a Reuters/C-SPAN/Zogby poll released on Thursday.

Japan, Germany to spend billions to avoid recession

Filed under: Gadgets — Reuters: Top News @ 12:57 am
NEW YORK (Reuters) - The U.S. economy shrank in the third quarter as the financial crisis raged while Japan and Germany said on Thursday they would spend billions of dollars to provide a cushion against a deep global recession.

Stocks surge, yen falls as risk taking improves

Filed under: Gadgets — Reuters: Top News @ 12:54 am

HONG KONG (Reuters) - Asian stocks rose for a third day on Thursday, led by a 12 percent surge in South Korea, on international efforts to provide liquidity to emerging markets and global prospects of lower borrowing costs.

October 29, 2008

Rate hopes and bargain hunting lift world stocks

Filed under: Gadgets — Reuters: Top News @ 8:17 am

LONDON (Reuters) - World stock markets put in a second consecutive session of strong bargain-hunting gains on Wednesday, following a huge rally on Wall Street and amid widespread expectations of a sharp cut in U.S. interest rates.

Obama has 5-point lead on McCain

Filed under: Gadgets — Reuters: Top News @ 7:55 am
WASHINGTON (Reuters) - Democrat Barack Obama has a steady 5-point national lead over Republican John McCain with six days left in the grueling race for the White House, according to a Reuters/C-SPAN/Zogby poll released on Wednesday.

China cuts rates, Fed and others set to follow

Filed under: Gadgets — Reuters: Top News @ 12:56 am
NEW YORK/LONDON (Reuters) - China and Norway kicked off the latest round of global interest rate cuts, with the United States expected to follow later on Wednesday as policy-makers tried to soften the world's economic downturn.

Next Page »