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Recession blues play on (Reuters)
Reuters - Global economic misery spread on Thursday with the Federal Reserve predicting U.S. recession well into 2009, Japan's exports to Asia falling for the first time in six years and job losses mounting.
Publ.Date: Thu, 20 Nov 2008 11:28:55 GMT
Source: Yahoo.com

Financials need at least $1 trillion: analyst (Reuters)
Reuters - The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul Miller said.
Publ.Date: Thu, 20 Nov 2008 06:45:03 GMT
Source: Yahoo.com

Homebuilder, REIT shares tumble as recession spreads (Reuters)
Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.
Publ.Date: Wed, 19 Nov 2008 18:02:20 GMT
Source: Yahoo.com

PepsiCo to reaffirm full-year 2008 core EPS guidance (Reuters)
Reuters - PepsiCo Inc on Thursday was to reaffirm full-year 2008 core EPS guidance. Highlights:
Publ.Date: Thu, 20 Nov 2008 12:12:50 GMT
Source: Yahoo.com

British retail sales down 0.1 percent in October (AP)
AP - British retail sales fell only slightly in October, official figures showed Thursday, despite mounting evidence from retailers such as Woolworths PLC and Marks & Spencer PLC, that business conditions are extremely tough.
Publ.Date: Thu, 20 Nov 2008 10:06:16 GMT
Source: Yahoo.com

Prospect for auto bailout dims (Reuters)
Reuters - Chances dimmed that a last-minute plan being crafted by Republican senators, with White House support, to provide $25 billion to bail out U.S. automakers would receive enough backing from Democrats to pass before the end of this week.
Publ.Date: Thu, 20 Nov 2008 11:07:25 GMT
Source: Yahoo.com

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