Thanksgiving offers won't avert slowdown

Wal-Mart Stores Inc and Best Buy Co marked Thanksgiving yesterday with online promotions aimed at jumpstarting the holiday sales season. The websites are unlikely to provide the boost they did last year.

UK festive spending set to get a boost

Britons will spend between 2 and 3 percent more on Christmas gifts compared with last year, as low unemployment makes them confident about their finances, according to market research company Mintel.

Shell: Yamal gas could supply planet for decade

Royal Dutch Shell Plc and its partners said Russia's Yamal peninsula and Kara Sea may hold more than 30 trillion cubic meters of gas, enough to supply the world for a decade, in a plan presented in the Kremlin.

It's time for the complaining analysts to shut up

All those analysts who have complained for years that the Federal Reserve can't really be trusted because it hasn't set an explicit inflation target are going to have to shut up.

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Fed casts shadow on growth prospects

Federal Reserve policymakers lowered their growth forecast in October and worried about credit-market losses, even as they described the interest-rate cut as a "close call".

Building permits at lowest since '93

Homebuilding permits in the US slumped in October to their lowest level since 1993 and construction of single-family homes tumbled, indicating the industry has yet to reach bottom.

Proton drops on end of VW, GM talks

Proton Holdings Bhd, Malaysia's state-owned carmaker, plunged to a seven-year low in Kuala Lumpur trading yesterday after the government ended alliance talks with Volkswagen AG and General Motors Corp.

Spending slowdown could stymie Cisco earnings

For Cisco Systems Inc, the trouble may just be starting.

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