Thursday Morning Coffee with TradingMarkets
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Good Morning! |
Research In Motion Earnings Double… Micron Misses Estimates… Constellation Brands Earnings Decline, Beats Forecasts… Schering-Plough Plans to Reduce Costs by $1.5 Billion… Google to Cut Jobs at DoubleClick… ATA Airlines Files for Bankruptcy… Money Market Rates Climb… Initial Jobless Claims Rise to Highest Level Since 2004.
Asian stocks up… European stocks down… Dollar higher across the board… And the futures are pointing to a lower open.
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TradingMarkets 5 Business Stories You Need to Know |
Research In Motion Earnings Double – Wall Street Journal
Research In Motion said quarterly profit and revenue more than doubled as the BlackBerry maker added 2.2 million new subscribers, even as the economy shows signs of a slowdown.
BayernLB Reports $6.7 Billion in Subprime Writedowns; Profit Plunges 82% – Bloomberg
Bayerische Landesbank reported $6.7 billion in writedowns from the subprime- market collapse, double its previous estimate and the biggest of any German state bank.
What Bernanke Didn’t Say – BusinessWeek
In his first congressional appearance since intervening to prop up Bear Stearns, the Fed chief refused to call it a bailout—