Asian markets rebound after grim profit forecasts and US data
Asian stock markets recover from early losses with Hong Kong up 1.4 percent and Taiwan up 1 percent while South Korea rebounds 3.9 percent after a rate cut. Tokyo slips as Toyota trims its forecast, Cisco warns of demand easing, and US data sparks volatility. Australia falls 2.4 percent on mining shares.
MENTIONED IN THIS ARTICLE
Hong Kong
Toyota
U.S
South Korea
Taiwan
Benjamin Collett
European Central Bank
Bank of England
Tokyo
Japan
Wall Street
Cisco Systems
Nicole Sze
Bank
Julius Baer & Co
Australia
BHP Billiton Ltd
Consumers Borrow More in September Amid Slow Quarter
The Federal Reserve reports consumer credit rose 3.2 percent annual rate in September, up from August's decline and the strongest gain since July. Debt rose by 6.9 billion to 2.59 trillion, driven by non revolving credit such as cars and education, while revolving credit rose 1.2 percent.
MENTIONED IN THIS ARTICLE
Washington, D.C
Federal Reserve
Fed
Stock Exchange Highlights Friday Market In Review
Friday market recap highlights key moves in stocks and bonds with notable performances from leading sectors. Analysts note gains in durable goods shares and tech counters while cautioning on inflation data and interest rate path.
Stocks end week on upswing in late trading
Wall Street rose as buyers returned after two harder days, with the Dow up about 250 points amid a broader market rebound. The week saw a roughly 4 percent drop in major indices after last week’s gains, while Obama signaled cautious steps to help the economy and auto industry. Ford reported a $129 million Q3 loss as unemployment reached a 14 year high.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Ford
General Motors
Hank Smith
Haverford Investments
Smith
Labor Department
U.S
Ford Motor Co
North Carolina Newspaper Offers Employee Buyouts
The News & Record of Greensboro announced a voluntary buyout program for all staff aiming to cut the workforce by as much as 10 percent. Employees were notified by email that applications were open with severance eligibility for those who accept.
MENTIONED IN THIS ARTICLE
Raleigh, N.C
North Carolina
News & Record of
Greensboro
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Jetome Tnee
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ECB
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Prudential Woodside Realty
Aikensc.com
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Friday's Market IN Review
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Anata
Amex Nasdaq
At&t Inc NY
Ly NY
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Merck NY
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AmExp
Microsoft Nash
Aia
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LandAmer
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RuthsHosp
Apple Inc
Nash
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Geokinetics
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AES Corp
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WA MutinyAmiv
Wore
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Fel
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Wells Fargo
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Kennetts
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Frank Temp-Franklin
Rus
Obama
George Shipp
Scott & String
Richmond
Shipp
Dow
France
CAC
Nikkei
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Inly
Southern Carolina
Aiken County
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