Archive for December 11th, 2008

The $14 billion rescue plan for the nation’s Big Three automakers still faces GOP opposition in the Senate.
More: continued here

(Reuters) - Walgreen Co., Starbucks Corp, Bed Bath & Beyond, Alberto-Culver, Tractor Supply Co., Chattem Inc. and Foster Grant are its top picks for 2009 in the consumer sector, brokerage William Blair and Co said. “All companies on this list should generate strong free cash flow, have the … [...]

The private-equity group trying to buy BCE terminated its offer because of an insolvency opinion from auditor KPMG.
More: continued here

The concessions were made to settle a shareholder lawsuit alleging Yahoo! conceived the severance plan to thwart an unsolicited buyout bid by Microsoft.
More: continued here

Japan’s top automaker expects a prolonged slump in demand in the U.S. and Europe in 2009, with sales seen flat in Japan, a report said.
More: continued here

Japan’s Nikkei 225 stock average rose 0.7%, while the Hang Seng index in Hong Kong closed slightly higher.
More: continued here

CHICAGO—-Four free stock picks are being made available today on Zacks.com. The industry?s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.
More: continued here

Most of the job cuts will come in London as part of the bank’s plan trim its global work force by 10%.
More: continued here