Point and Figure Charts
November 24, 2007
Just remember that these do not show volume.
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Reuters Business- Alcoa to slash jobs and sell 4 unitsNEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
- Bank of America selling $2.8 billion CCB stakeHONG KONG (Reuters) - Top U.S. lender Bank of America , raising cash to weather a dismal market at home, was selling a $2.83 billion chunk of its holding in China Construction Bank at a 12 percent discount on Wednesday, according to a term sheet obtained by Reuters.
- Stocks rise on stimulus plan hopesNEW YORK (Reuters) - Stocks gained on Tuesday on the increased likelihood of a government stimulus package after the release of minutes from the last Federal Reserve policy meeting painted a dismal picture of the U.S. economy.
- Alcoa to slash jobs and sell 4 units
- Market Watch
- Latin American Markets: Brazilian investors eye rate cut; Wal-Mart de Mexico downgradedBrazilian stocks rose Tuesday, holding to higher ground as investors eyed the possibility of cut in interest rates following a report that the country’s industrial production dropped sharply in November.
- Asian markets rise on resource stocks, techsAsian shares were solidly higher Wednesday after another gain on Wall Street, with resource stocks powering ahead on a recovery in prices for base metals and gold.
- LyondellBasell U.S. units file for bankruptcyTroubled chemical giant LyondellBasell Industries said late Tuesday its U.S. units and one European unit voluntarily sought Chapter 11 bankruptcy protection to shield themselves from creditors while they restructure debt and operations.
- Stocks in focus for WednesdayAmong the companies whose shares are expected to see active trade in Wednesday's session are Bed Bath & Beyond, Constellation, Monsanto and Alcoa.
- Marshall Loeb: Four reasons America's drive for longer life is stuck in neutralHow long can you expect to live? The answer to that tantalizing question tells a lot about the success of a nation -- or the lack of it.
- Latin American Markets: Brazilian investors eye rate cut; Wal-Mart de Mexico downgraded