Archive for December 2nd, 2008

Cramer said the federal government has made the right moves to stabilize the markets.
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Asian stocks declined Tuesday, with the market in Japan tumbling more than 6%, after Wall Street closed with big losses after traders learned the U.S. has been in a recession since December 2007.
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Boeing engineers and technical workers voted to ratify new contracts, ensuring four years of labor peace at the company’s commercial airplane operations.
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The first products from the collaboration are expected to be available in early 2010.
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Taiwan Semiconductor Manufacturing, the world’s largest chip contractor, lowered its fourth-quarter sales forecast by 8.6% on a cut in demand for wafers.
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Cramer says it’s become one of the worst natural gas companies.
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The company reaffirms guidance for fiscal 2008 and 2009.
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The company will be getting rid of overlapping positions and transition workers as part of its takeover of Washington Mutual.
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Goldman Sachs is likely to report a net loss of as much as $2 billion, or $5 a share, for its quarter ended Nov. 28, the Wall Street Journal reports.
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Auto sales for November, to be released Tuesday, are expected to show a drop of 36% from a year ago, says one analyst.
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