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Forbes: Markets News November 20th, 2008

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Oil Slides On Recession Fears

Thursday, November 20th, 2008 - 11:17 pm

Crude 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 pm

Although 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 pm

Auto-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 pm

The 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 pm

Prince 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 pm

A 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 pm

Market 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 pm

Weekly 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 pm

The 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 pm

The 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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