Struggling for Control in the Mumbai War Zone
By Sascha Zastiral in Mumbai
Since Wednesday evening, war has been raging in downtown Mumbai. Even as a number of hostages have been freed, ongoing violence has the population wary and afraid. And nobody knows how it will end.
In the southern part of India’s economic center Mumbai, heavily armed [...]
Dow, S&P 500 in 5-day win streak
By Ben Rooney, CNNMoney.com staff writer
Major indexes advance at the end of a thinly traded, post-holiday session.
NEW YORK (CNNMoney.com) — Stocks rallied in a shortened holiday session Friday, with the Dow and the S&P 500 ending higher for the fifth session in a row, capping one of Wall [...]
Icahn boosts Yahoo stake
Activist investor buys $67 million worth of shares this week, according to SEC filings.
NEW YORK (AP) — In a move likely to fuel speculation over Yahoo Inc.’s search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to [...]
Black Friday: Long lines, short gift lists
By Parija B. Kavilanz, CNNMoney.com senior writer
Black Friday appeared to start strong this year, but analysts warned that the robust start to the critical holiday shopping period could fade by midday.
“[Shoppers] know exactly what they want, where to shop for it and who has the best deals,” said [...]
Sweden in recession as 3Q GDP falls
Sweden has slipped into recession as the economy shrank for the second consecutive quarter, the Scandinavian country’s statistics agency said Friday.
Statistics Sweden said seasonally adjusted gross domestic product fell 0.1 percent in the third quarter, compared to the previous quarter. GDP also fell 0.1 percent in the second [...]
Citigroup Should Be Held Accountable, Obama Aide Podesta Says
By Edwin Chen
Nov. 28 (Bloomberg) — The U.S. government should demand accountability and changes at Citigroup Inc., as well as from automakers, in exchange for any financial assistance, a top transition official for President-elect Barack Obama said.
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Why The Dollar Is Getting Stronger
By Stanley Reed
Strong demand for US debt, as well as general fear, are sending investors back to the greenback.
Investors have every reason to hate the US dollar. The rising deficit. The deteriorating economy. The plunging stock and bond markets. But rather than getting hammered by the financial crisis, the greenback [...]