Consumers wary as economy shows modest expansion
The economy grows modestly at 2.8 percent last quarter while consumers reel from unemployment and tight credit. Forecasters anticipate slower growth ahead and a persistent high jobless rate, with many shoppers planning to cut holiday spending. A AP-GfK poll finds 93 percent expect to spend less or about the same this season.
MENTIONED IN THIS ARTICLE
Washington
Stuart Hoffman
PNC Financial Services
Federal Reserve
Fed
Commerce Department
Conference Board
Ivan Horne
Tampa
Fla
Associated Press
Gfk
Banks earn $2.8B in 3Q amid rising bank losses and FDIC risks
The FDIC reports that despite a hoped for end of recession banks posted 2.8 billion in the third quarter. However high loan delinquencies and $8.2 billion red in the deposit fund signal ongoing trouble. Fifty banks failed this quarter the most since 1990.
MENTIONED IN THIS ARTICLE
FDIC
Washington
Federal Deposit Insurance Corp
Office of Thrift Supervision
Thrift
OTS
Treasury Department
Saab sale to Koenigsegg collapses leaving brand near extinction
GM's plan to sell Saab to Koenigsegg Group AB collapses as talks stall over premium positioning and investors. With no backup buyers and Sweden's government declining to buy Saab, GM faces a possible liquidation, risking 4500 jobs mainly in Sweden. Government says no ownership and ongoing talks with GM continue.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Co
Saab
Koenigsegg Group AB
Koenigsegg Automotive AB
Chevrolet
Buick
GMC
Cadillac
Sweden
Joran Hagglund
Ministry of Enterprise
Stockholm
Koenigsegg
Matts Carlson
Gothenburg Management Institute
Italy
Fiat Group Spa
Koenigsegg Consortium
Associated Press
Carlson
Tire tariffs lift prices across U S tire makers
Goodyear raises prices 6 percent on all consumer replacement tires in North America citing rising raw material costs and tariffs on Chinese tires. Cooper Tire and Rubber followed with price hikes and analysts foresee a 5 to 10 percent rise early next year as demand stays strong for replacement tires amid higher costs.
MENTIONED IN THIS ARTICLE
Detroit
Goodyear
U.S
KeyBanc
Saul Ludwig
Rubber Manufacturers Association
Obama
China
Michelin and Perelli
Manu
Goodyear Tire & Rubber Co
North America
Tire Rack
Cooper Tire and Rubber Co
Findlay
Ludwig
Cooper
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Saabing
Tom Krisher
Dee-Ann Durbin
General Motors
Stuttgart
Germany
Dow Jones
Dow Industrials
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Dow Utilities
NYSE
S&p
Wilshire
Russell
TelbrasHid
AltEscapes
Sequenom
lowaTel
LGL Gry
Optibkhid
Dataram
Asburya
HKHI
Sys
DSW Inc
Virne
Mercerint
Zalec
Transcat
Pncpid
MercBcp
Entravisn
Nevsung
Seanergy
Alaxcor G
Gensco
Citi
CelSci
BredeCm
BkofAm
GoldStrg
Intel
Nthgim
Dall Inc
Ishemkts
GriBas
Etrade
SPDR
SPDR Fncl591377 14.70 = Taseko 17 3 -.07 Cisco 293605 23,74 -16 Pfizer
Protalix
Comcast
Fordm
Cfcday
SOF
Brest
Ung
Atat Inc
Jpmorgch NY
AlcatelLuc NY
Keycorp NY
Alcoa NY
LNB
Bncp Nasd
Agreet NY
Limited NY
BkofAm NY
Lowes NY
BobEvn Nasd
McDnids NY
BostonSci NY
Microsoft Nasd
Cisco
CntryTel
Nordson
Citi NY
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Oracle
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Nasd
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PNC NY
Nash
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Pfizer NY
DineEquity
Dirfbearrs
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RPM NY
FannieMan NY Y
FifthThird Nasd
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FirstEngy NY
Sherwin NY
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Smucker NY
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IshR2k
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Nvacare NY
Windstm NY
NYMX
New York Mercantile Exchange
CBOT
Poi
Chicago Board of Trade
CME
Chicago Mercantile
Exchange
NYBT
New York Board of Trade
Oe Ib
American Funds
Bala m MA
Bonda m Cl
Caplicbua Mlh
Cpwwidgria Mws
Eurpacgra Mfb
Fninva Mlb
Grthama m LG
Incamera m MA
Invcoama m LB
Newpersoa m WS
Wamutinvam LV
Dodge & Cox IntiStk
Dodg. & Cox Stock LV
Frank Temp-Franklin Income A
M CA
Pimco TotRetAdm
PIMCO
Vanguard
Vanguard Wellin MA
Morningstar
Pamings
Avalebie
Lodst
Hangzhou
Zhejiang Province
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