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Business Stories from November 6, 2008 (Change date)

Oil rises above $62 after 2-day plunge

Associated Press
Nov 06, 2008 10:00 pm - Oil prices rose above $62 a barrel Friday after two days of losses, helped by a slumping U.S. dollar but limited by mounting evidence of a severe U.S. recession and glob...
Borrowers wanted: Banks have cash but few clients

Associated Press
Nov 06, 2008 10:00 pm - NEW YORK - Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial p...
GM reports $2.5 bil 3Q loss, says it's running out of cash

Associated Press
Nov 06, 2008 10:00 pm - DETROIT, Mich. -- General Motors Corp. says it lost $2.5 billion in the third quarter and warned that it could run out of cash in 2009. GM also said it has suspended tal...
Ford announces $129 mil 3Q loss, burns $7.7 bil in cash

Associated Press
Nov 06, 2008 10:00 pm - DEARBORN, Michigan -- Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash and set plans ...
New shopping Web site opens in time for holidays

By Anna Marie Kukec
Nov 06, 2008 10:00 pm - While the world focused on the elections, three suburban men this week launched a new shopping Web site. The site, called UWantSavings.com, offers both social networking...
Qualcomm posts 22 percent decline in 4Q profit

Associated Press
Nov 06, 2008 10:00 pm - SAN DIEGO -- Qualcomm Inc. posted a 22 percent decline in fiscal fourth-quarter profit Thursday even as a license agreement with rival wireless equipment maker Nokia Cor...
Boeing presents first contract offer to engineers

Associated Press
Nov 06, 2008 10:00 pm - SEATTLE -- Chicago-based Boeing Company has presented its initial contract offer to the union representing its engineers and technical workers. The Society of Profession...
Sprint Nextel posts 3Q loss, revenue falls

Associated Press
Nov 06, 2008 10:00 pm - KANSAS CITY, Mo. -- Sprint Nextel said Friday it lost $326 million in the third quarter as it continued to hemorrhage customers and announced a change in its credit term...
Reliant Energy posts 3Q loss

Associated Press
Nov 06, 2008 10:00 pm - HOUSTON -- Reliant Energy Inc., which supplies electricity to nearly 2 million customers in Texas and the Mid-Atlantic region, said Friday it swung to a third-quarter lo...
Sprint Nextel posts 3Q loss

Associated Press
Nov 06, 2008 10:00 pm - KANSAS CITY, Mo. -- Sprint Nextel said Friday it lost $326 million in the third quarter as it continued to hemorrhage customers and announced a change in its credit term...

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