Forbes: Markets News November 20th, 2008
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Thursday, November 20th, 2008 - 11:17 pmCrude below $50 per barrel apt to dissuade production.
forbes.com/markets/2008/11/20/oil-opec-update-markets-commodities
Suntech Feels The Heat
Thursday, November 20th, 2008 - 9:12 pmAlthough the solar cell manufacturer saw rising demand in Q3, its profits slipped due to weak currency.
forbes.com/markets/2008/11/20/suntech-solar-china-markets-equity-
GMAC’s Inside-Out TARP
Thursday, November 20th, 2008 - 9:12 pmAuto-finance firm seeks to become a bank so that it can access government funds — which it needs to become a bank.
forbes.com/markets/2008/11/20/gmac-tarp-capital-markets-equity-cx
BAE, Rolls Royce Slim Down
Thursday, November 20th, 2008 - 8:54 pmThe aerospace and defense companies announced major job cuts to cope with the downturn.
forbes.com/markets/2008/11/20/rolls-royce-update-markets-equity-c
Royal Treatment Can’t Save Citi
Thursday, November 20th, 2008 - 8:33 pmPrince Alwaleed revealed plans to up his stake in the bank, but shares still headed south.
forbes.com/markets/2008/11/20/citigroup-alwaleed-update-markets-e
Layoffs Squeeze Euro Economy
Thursday, November 20th, 2008 - 8:22 pmA wave of job cuts across the euro zone leave economists fearful about the coming year.
forbes.com/markets/2008/11/20/layoffs-europe-unemployment-markets
Talk Of Auto Bailout Jumpstarts Wall Street
Thursday, November 20th, 2008 - 7:48 pmMarket rallies despite pressures of a flagging economy.
forbes.com/markets/2008/11/20/brief-midday-financial-markets-equi
Lines Grow At U.S. Unemployment Offices
Thursday, November 20th, 2008 - 6:38 pmWeekly jobless claims have hit a sixteen-year high.
forbes.com/markets/2008/11/20/weekly-jobless-claims-markets-econ-
Switzerland Cuts As Downturn Brews
Thursday, November 20th, 2008 - 6:38 pmThe Swiss franc falls on the back of a surprise 1.0% rate cut.
forbes.com/markets/2008/11/20/switzerland-rates-franc-econ-cx_ll_
Job Cuts Accelerate At PSA Citroen
Thursday, November 20th, 2008 - 6:38 pmThe French car maker will slash 2,700 jobs, with possibly more to come.
forbes.com/markets/2008/11/20/citroen-job-cuts-markets-equity-cx_
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