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Movers: Freddie Mac, Wells Fargo, AMR, Overstock.com
American Airlines parent AMR Corp. (AMR) announced plans to divest American Eagle, its wholly-owned regional carrier. The company has not yet decided on the form of the divestiture, which may include a spin-off to AMR shareholders, a sale to a third party, or some other form of separation from AMR. It expects to complete the divestiture in 2008. Bear Stearns (BSC) said it will cut 650 jobs from its staff of about 15,500. This is on top of the 900 positions cut throughout the firm in October. Verigy (VRGY) posts $0.52 fourth quarter GAAP EPS, vs. $0.25 a year ago, on 3.5% revenue rise. It sees first quarter revenue of $195-$205 million, GAAP EPS of $0.49-$0.54. It sets $150 million stock buyback. Stifel Nicolaus upgrades to buy from hold. Analog Devices (ADI) posts $0.39 fourth quarter non-GAAP EPS from continuing operations, vs.
Tween Social Network imbee.com Partners With Canadian Ski Council's ...
OAKLAND, Calif., Nov. 26 /PRNewswire/ -- CORE NEWS FACTS -- Premier winters sports organization Canadian Ski Council (www.skicanada.org) partners with imbee.com (www.imbee.com) in order to create a unique, fun and interactive social networking and blogging environment for Grade 5 SnowPass program youth members. -- The goal of the Canadian Ski Council is to increase participation in recreational snowboarding, alpine and cross-country skiing in Canada. -- For over ten years the Canadian Ski Council has been introducing Grade 5 students to skiing and snowboarding with the Grade 5 SnowPass. -- The Grade 5 SnowPass program offers Canadian school children enrolled in Grade 5, or 10 years old (born in 1997), up to three free days of skiing or snowboarding at each participating ski area in the region in which they live.
Reagan's Bargain/Charlie Wilson's War
While frolicking in the tub, Wilson glances at a televised report of Dan Rather interviewing Afghan fighters. A visibly disturbed Wilson suddenly decides something must be done to help these people being butchered by the Soviet Army, which had invaded their country in December 1979. The truth was quite different and evidently too awkward politically for the film producers to portray. According to the book by George Crile upon which the film is based, the hot tub scene took place in June 1980. Crile describes Wilson’s sudden conversion to a sympathetic position toward Muslims as occurring in October 1982 when the Texas congressman, fully-clothed, visited Lebanese refugee camps after the Israeli invasion of that country. Previously a staunch supporter of the Jewish state, Wilson was shocked by what he saw in those refugee camps, instilling in him empathy toward Muslims that evolved into his zealous support of the jihad against the Soviets in Afghanistan.
High lending rates may lead to slump in realty market: DLF
Anshuman Magazine, managing director of CB Richard Ellis Group Inc., a New Delhi-based real-estate adviser, agrees.
"The rise in interest rates is definitely one of the major factors that is deterring home buyers," Magazine said, noting how prices have dropped in the NCR (National Capital Region) by 25 percent earlier this year ever since the RBI raised interest rates six times in the past 18 months.
India's central bank has been raising interest rates to curb inflation and prevent the economy from overheating. It has raised the repurchase rate, or the rate at which it injects funds into the banking system, to 7.75 percent.
The central bank has since December increased the cash reserve ratio by 2 percentage points to 7 percent to slow down loans growth.
Online coupon clipper offers shoppers choice
Neal Rapoport sees no reason to trek out into the cold in the wee hours of the morning to find the best holiday shopping deals in the name of Black Friday. Especially since the best deals in town can be as close as your computer.Rapoport is president of Dealtaker.com, a free, online bargain hunting service that collects store flyers, online coupons and links to the best deals on the Internet."A lot of Black Friday items are online," Rapoport said. "They're even cheaper if you have a coupon on top of it."Throw in free shipping codes, and there's no reason to leave the house."With gas prices so high, the cost to drive to the store is as much or more than shipping," he saidOnline shopping is nothing new. It was one of the early drivers behind consumer adoption of the Internet. Then privacy concerns caused people to step back into the store.
Carolyn Hax: They are incompatible; how to end it?
Dear Carolyn: I need to break up with someone who is a sweet, wonderful person, but just lazy when it comes to figuring out her life, getting her act together and helping me after moving in with me. I know she doesn't mean to be lazy, but there you have it. I'm just done with being patient. Should I give all the details or just say we are not compatible? I don't want to be mean, but don't want to be fuzzy either. Help! BOSTON Carolyn says: Excess detail is cruel. Insufficient detail is cruel. Arguably more so. And pretending you still like her while you wait for an advice columnist to script your breakup is cruel, so I'll assume you've long since pulled the plug and this answer is just here for the answer's sake. (I'll assume, too, that she's OK, and you didn't see "lazy" where a doctor might see "depressed." Ahem.) A quality that you admire in someone almost always has a "price," for lack of a better word.
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