Stocks Set to Move Lower
businessweek.com — US stocks were indicated to open mixed to lower Monday as major index futures were mostly lower in premarket trading. The stock market rallied on Friday in the first session of the New Year......More… (Business)
Ford Honda Say US December Auto Sales Tumbled More Than 30%
bloomberg.com — By Mike Ramsey and Alan Ohnsman Jan. 5 (Bloomberg) -- Ford Motor Co. said US sales fell 32 percent in December, while Honda Motor Co......More… (Business)
Progress Energy sees 08 profit at lower end of outlook
reuters.com — Jan 5 (Reuters) - Progress Energy Inc (PGN.N) said it sees fiscal 2008 earnings at the lower end of its prior outlook range, citing mild weather across service territories in December and the continuing impact of the slowing economy, and cut its 2009 ........More… (Business)
ATandT Verizon shares hit by analyst downgrade
reuters.com — NEW YORK, Jan 5 (Reuters) - Shares of top US phone companies AT&T Inc (TN) and Verizon Communications Inc (VZ.N) fell on Monday after Bernstein Research downgraded their ratings and price targets......More… (Business)
Tyson CEO Departs As Industry Grapples With Glut
money.cnn.com — By Doug Cameron CHICAGO -(Dow Jones)- Tyson Foods Inc. (TSN) announced the departure of President and Chief Executive Dick Bond Monday , the second high-profile casualty of the difficulties facing the US meat industry......More… (Business)
Merck sells vaccine lab to PPD in research deal
reuters.com — NEW YORK (Reuters) - Pharmaceutical Product Development (PPDI.O), a large contract research company, has purchased Merck & Co's (MRK......More… (Business)
Progress Energy signs contract for nuclear plant
forbes.com — AP , 01.05.09, 10:17 AM EST Utility Progress Energy Florida on Monday said it struck a deal with Westinghouse Electric Co. and The Shaw Group Inc.'s Power Group for the development of two nuclear units for a proposed nuclear power plant in Levy County, ........More… (Business)
TREASURIESUS bonds sell off on looming supply
uk.reuters.com — By John Parry NEW YORK, Jan 5 (Reuters) - US Treasuries prices fell steeply early on Monday, extending the previous session's sell-off on prospects for a swelling supply of government debt that will be underscored by auctions this week, analysts said......More… (Business)