Wachovia

Cyber Monday Loses Its Luster

Retailers who saw Thanksgiving holiday sales drop off as the weekend progressed stepped up online promotions on the day known as "Cyber Monday" to try to get consumers tired of the crowds at stores to keep shopping.

JPMorgan cutting 9,200 jobs at Washington Mutual

NEW YORK -- JPMorgan Chase & Co. said Monday it will cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis.

Down we go again: Fourth-worst drop ever for Dow

NEW YORK -- The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced...

J&J Finds A New Mentor

The health care giant is dipping into breast implants by acquiring the supplier of medical products. Health care conglomerate Johnson & Johnson is taking a detour and heading on a new path--one that happens to involve breast...

2008 - Where I Was Right and What I Could Not Have Imagined (at Seeking Alpha)

by: Thomas Tan December 01, 2008 | about stocks: What a year. This call was made when Citi was trading at $30 after already falling from $60, and three months before Meredith Whitney from Oppenheimer gave her famously bearish...

Enbridge Energy Partners to Present at Wachovia Capital Markets, LLC Pipeline & MLP Symposium

HOUSTON, TX, December 1 / MARKET WIRE/ -- Enbridge Energy Partners, L.P. (NYSE: EEP) will be a presenter at the 2008 Wachovia Capital Markets, LLC Pipeline & MLP Symposium in New York, NY. Terry McGill, president of the general...

Manufacturing index drops to 26-year low

By CHRISTOPHER S. RUGABER AP Economics Writer Graphic charts construction spending for the past 13 months; 1 c x 2 1/2 in; 46.5 mm x 63.5 mm WASHINGTON—A gauge of U.S. manufacturing activity that fell to a 26-year low Monday...

The Recession Is Made Official -- and Stocks Take a Dive

Traders work on the floor of the New York Stock Exchange in New York on December 1, 2008. The Dow ended Monday's session down 679.95 points or 7.7%, one of its worst days in recent months. Shares of oil companies fell sharply...

Fitch Downgrades Prudential Financial's Ratings Due to Capital Pressures; Outlook Negative...

CHICAGO----Fitch Ratings has downgraded Prudential Financial, Inc.'s senior debt rating to 'A-' from 'A' and the insurer financial strength ratings of PRU's life insurance subsidiaries to 'AA-' from 'AA'.

GGP Gains Extension on $900M Loans

CHICAGO-General Growth Properties Inc. officials worked through and past their deadline Friday, until Sunday afternoon, to extend their payment date for loans of about $900 million. The locally based retail REIT was successful...

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