Michael Felberbaum September 29, 2008 - 6:52 p.m. RICHMOND, Va. (AP) - Circuit City Stores Inc. withdrew its outlook for the full year and posted a wider second-quarter loss Monday as it looks toward a holiday shopping season which has even the least vulnerable retailers worried. Shares in the nation's second-largest consumer electronics retailer fell more than 20 percent and fell to its lowest point in 22 years as investors worried about Circuit City's ...
Walgreen’s fiscal 4th-quarter profit rises, helped by higher sales and cost cutting
Sep 30 2008
September 29, 2008 - 6:41 p.m. DEERFIELD, Ill. (AP) - Shares of Walgreen Co. fell to their lowest price in almost five years Monday after the drugstore operator reported disappointing revenue in its fiscal fourth position, pointing to promotions that failed to pay off. Walgreen said require to be paid cuts and greater sales lifted its profit 12 percent for the quarter. But its revenue ruthless short of expectations, and the company said it engaged in ...
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Moody’s Investors Service weighs potential downgrade for National City Corp.
Sep 30 2008
September 29, 2008 - 6:34 p.m. WASHINGTON (AP) - Moody's Investors Service said Monday it may downgrade National City Corp. as the association's shares plunged about House lawmakers failed to pass a financial bailout. Shares of the Cleveland-based bench fell $2.35, or 63.3 percent, to close at $1.36. A concourse spokeswoman said the stock decline was an unwise; injudicious reaction to problems at other larger banks such as Wachovia and Washington Mutual. Moody's said its review ...
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Cephalon to pay $425 million to settle claims of marketing drugs for alternate uses
Sep 30 2008
Maryclaire Dale September 29, 2008 - 6:28 p.m. PHILADELPHIA (AP) - Drug builder Cephalon Inc., completing a previously announced fixture, will pay $425 million for illegally marketing a highly addictive lollipop painkiller and couple other drugs for non-approved uses. Federal prosecutors also announced Monday that Cephalon, as planned, will plead to a criminal misdemeanor for its off-label marketing. "This company ... put patients at dare to undertake as far as concerns nothing more than ...
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Oil prices plummet $10 a barrel as House votes down US bailout plan
Sep 30 2008
Stevenson Jacobs September 29, 2008 - 6:26 p.m. NEW YORK (AP) - Oil prices tumbled more than $10 a barrel Monday, dropping back below $100 to the degree that a U.S. financial bailout failed to win legislative approval, raising fears of a prolonged economic downturn that could drastically erode global spiritedness demand. Light, sweet crude for November delivery sank $10.52, or 9.8 percent, to establish at $96.36 on the New York Mercantile Exchange, for ...
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