Corporation News

Stock Quotes in the USA today’s session started with decreases after negative data on the labor market in the country, which showed that companies from non-agricultural sector have closed nearly 500 thousand jobs in November, but the level of unemployment noted consequential increase to 6 7 percent.

At present, Dow Jones Industrial Average falling by 1.9 percent to 8 215.51 points, while S & P 500 fell by 2.2 percent to 826.26 points. Technological Nasdaq Composite reported a decline of 2.3% to 1 412.75 points.

Securities of Boeing Corp. fell by 6.6 percent to 36.60 dollars after it became clear that corporation may slow deliveries of the new model “787 Dreamliner” at least another six months. Shares of General Motors become cheaper to 4.6 percent since the start of trade reaching 3.92 dollars after road of concern reported that a further reduction plan 2 000 employees in early 2009 because of deteriorating sales of cars U.S..

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Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it appears from Eurostat data.

The increase of consumer prices was 3.2 percent for October on an annual basis (after 3.6 percent growth in September and 3.8 percent in August). This is the lowest level of January 2008
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The new U.S. president who will take over one of the hottest positions in the world, must fight a number of problems. The credit crisis, collapse of Mortgage Market stabilization of the financial crisis, huge budget deficit and weakening labor market are only part of the emerging themes that are already out of control of U.S. authorities and showed interest worldwide.

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Direct losses in the global economy as a result of this financial crisis will reach 2.8 trillion dollars, says the “Stabilization report of the Bank af Ingland. The financial institution twice increased its estimate of the amount of losses compared to its assessment, made in May.
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The financial inaccessibility of housing is one of the main reasons for the violation of human right to adequate housing, the problem is exacerbated because of the global financial crisis, said on Thursday the UN Special Rapporteur on housing issues Rocket Rolnik quoted by RIA Novosti.
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Finance Ministry is considering the U.S. the opportunity to acquire shares in the capital of certain insurance companies as part of Rescue Plan for the financial sector, reported Marketwatch.
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Futures of light crude oil with delivery in November closed at a level of 64.15 dollars for a barrel today in New York Exchange registered a fall of 3.69 dollars or 5.4 percent.

For the week “black gold” lost 11.1 percent of its value.
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After U.S. shares opened higher, optimism left the market and currently the main U.S. indexes are in negative territory.

After opening with over 2 percent growth at a level of 8 692 points, Dow Jones index fell by over 250 points and when compared with 1.19 percent. Last benchmark was 8 418 points.
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81 percent of Russian companies see global financial crisis a threat to their businesses and 9.5 percent believe the crisis will affect them in part, shows a survey last week research company Cornerstone, published by the newspaper “Vedomosti”. Only 9.5 percent of Russian businesses do not think the financial crisis will affect them.
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Nomura Holdings Inc. reached agreement for the purchase of units for investment banking and trading in shares of Lehman Brothers Holdings Inc. Europe and the Middle East after yesterday announced that it will acquire the Asian division of the bank, reported Bloomberg.

The amount of the transaction is not specified. Tokyo based bank will retain the seats of most of the employees of Lehman in Europe and the Middle East, which are nearly 2500 people.

For the Asian division of Lehman Nomura offer 225 million dollars and will keep employees in the region who are in 3000.

The state of financial markets over the last ten days of Asian banks provide an opportunity to gain a share of the global market. The biggest Japanese bank Mitsubishi UFJ Financial Group Inc. for example, plans to buy 20 percent of Morgan Stanley for 8.4 billion dollars.

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