KNAU NewsRoom

Stocks could sputter with Black Friday eyed (2009-11-20) NEW YORK (Reuters) - U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.

Hershey mulls $17 billion solo bid for Cadbury: source

(2009-11-20) PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.

U.S. Q3 seen revised down on widening trade deficit

(2009-11-20) WASHINGTON (Reuters) - The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.

Paulson's golden investors have to commit $10 million (2009-11-20) BOSTON (Reuters) - Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.

Black Friday deals may not signal retail comeback

(2009-11-20) CHICAGO (Reuters) - When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds.

U.S. layoffs fall in October

(2009-11-20) WASHINGTON (Reuters) - The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.

Rio's Cloud Peak down in debut, others fare better (2009-11-20) NEW YORK (Reuters) - Investors bet on growth opportunity in the IPOs of a Chinese hotel chain and an online education company on Friday, but saw murkier prospects for a spin-off of mining giant Rio Tinto, sending its shares lower.

Cautious optimism as job losses slow

(2009-11-20) WASHINGTON (Reuters) - The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.