An industry group's report is expected to show sales of existing homes fell 2.5 percent in October as the economy almost certainly fell into a recession and Wall Street plunged.
Read more »Ahead of the Bell: Existing Home Sales (AP)
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Fitch lowers rating on Toyota due to market slump (AP)
Fitch Ratings cut Toyota's top-notch credit rating on Wednesday, blaming the world's auto market slump and surging yen -- the latest sign that even Japan's top automaker is suffering from the global slowdown.
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Cisco to Organise Asia Pacific Skills Competition Over Powerful Collaborative Platform With Cisco TelePresence and Cisco WebEx (
Demonstrating the powerful collaborative capabilities of the network, Cisco is organising its first-ever regional networking skills competition, Asia Pacific NetRiders 2008, over Cisco TelePresence(TM) and Cisco WebEx(TM). The competition will feature 45 participants representing 15 countries in the Asia Pacific region challenging each other for the top prize of an all-expenses-paid trip to the United States as well as bragging rights for the next 12 months.
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LandAmerica files for bankruptcy protection (AP)
Title insurer LandAmerica Financial Group Inc. said Wednesday it will file for bankruptcy protection, while competitor Fidelity National Financial Inc. said it will acquire three of LandAmerica's subsidiaries.
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Hologic gains ground, conference could give boost (AP)
Shares of diagnostic test maker Hologic Inc. jumped Monday with the broader market after an analyst said the company's developing three-dimensional medical imaging technology could be the highlight of an upcoming medical conference.
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Only on eBay This Holiday, a Dollar Buys a New Car and More (Business Wire)
SAN JOSE, Calif.----At a time when people need to stretch holiday budgets more than ever, a dollar never went this far. Starting today through December 8, savvy shoppers can buy a new car, a plasma TV, a diamond ring and more great gifts for a dollar with eBayâs $1 Holiday Doorbuster deals.
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Sector Snap: Solar stocks rise with broader market (AP)
Shares of solar companies rose on Monday along with the broader market and after analysts predicted strong future demand for the industry in the U.S.
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Federal regulators shut 2 California thrifts (AP)
Federal regulators have shut down two big thrifts based in California, saying they fell victim to the acute distress in the housing market in that state.
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Pilgrim's Pride receives third waiver from lenders (AP)
Pilgrim's Pride says it reached an agreement with its lenders to extend its credit lines until Monday. The Thanksgiving reprieve allows the chicken processor to avoid filing for bankruptcy or selling its assets in order to cover its debts.
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US home prices at 2004 levels, sales off 3.1 pct (AP)
Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices plunged to the lowest level in more than four years. And the decline is expected to get worse because October's results reflect sales contracts signed before Wall Street's nosedive.
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