http://www.topix.nethttp://www.paloaltodailynews.com en-us 240 Copyright 2008, Topix http://www.topix.net/ http://www.topix.net/pics/topix_homepage_logo2.png http://www.paloaltodailynews.com/article/hosted/2008/12/serbian-currency-hits-all-time-low-against-euro-2 Serbia's currency on Wednesday dropped to an all-time low against the euro despite repeated central bank interventions to support it on foreign exchange markets. Palo Alto Daily News Wed, 03 Dec 2008 13:46:39 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/ahead-of-the-bell-research-in-motion-falls Shares of Research in Motion Ltd. declined in premarket trading after the BlackBerry smart phone maker cut its third-quarter profit and sales forecasts, citing the effect of the strong dollar and the weak U.S. ... Palo Alto Daily News Wed, 03 Dec 2008 13:22:47 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/ireland-battles-deficit-as-jobless-rate-surges Ireland's unemployment rate surged to a decade-high of 7.8 percent in November, surprising economists and deepening the government's struggle to contain its budget deficit. Palo Alto Daily News Wed, 03 Dec 2008 13:18:25 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/saudi-arabia-finds-chemical-in-milk-from-china The Saudi government has found excessive amounts of the industrial chemical melamine in powdered milk imported from China and lower concentrations in chocolate wafer cream made in Malaysia. Palo Alto Daily News Wed, 03 Dec 2008 13:07:29 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/us-european-interbank-lending-rates-drop-again Interest rates on three-month dollar loans between banks fell for the second day running Wednesday while the equivalent European rates also fell ahead of Thursday's expected rate cuts from the European Central ... Palo Alto Daily News Wed, 03 Dec 2008 13:06:38 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/sweden-ready-to-support-but-not-buy-volvo-saab-2 The Swedish government on Wednesday said it's ready to support U.S.-owned automakers Volvo and Saab but doesn't want to take over the troubled brands. Palo Alto Daily News Wed, 03 Dec 2008 12:59:34 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/stagecoach-shares-drop-20-pct-on-profit-warning-2 Shares in Stagecoach Group PLC dropped 21 percent Wednesday after the U.K.-based transport company said it expects rail revenue to fall next year amid the deepening economic downturn. Palo Alto Daily News Wed, 03 Dec 2008 12:46:08 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/germanys-arcandor-taps-telekom-cfo-as-new-ceo Retailer Arcandor AG said Wednesday its board has proposed Karl-Gerhard Eick, the outgoing chief financial officer for Deutsche Telekom, to become the new CEO with the aim of replacing Thomas Middelhoff next ... Palo Alto Daily News Wed, 03 Dec 2008 12:44:42 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/edf-takes-on-buffett-with-new-constellation-bid-2 Electricite de France SA said Wednesday it will challenge famed investor Warren Buffett's planned takeover of U.S. wholesale power generator Constellation Energy Group Inc. Palo Alto Daily News Wed, 03 Dec 2008 12:42:26 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/clinton-urges-asians-to-give-more Asia is less likely to be hit hard by the global economic downturn because governments in the region took action to correct their financial systems in response to the crippling 1997-98 crisis, former President ... Palo Alto Daily News Wed, 03 Dec 2008 12:37:14 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/northern-rock-extends-repossessions-grace-period Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind. Palo Alto Daily News Wed, 03 Dec 2008 12:29:31 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/european-markets-down-ahead-of-dows-expected-fall European stock markets fell modestly Wednesday after further dismal economic data and as Wall Street was heading towards a lower opening. Palo Alto Daily News Wed, 03 Dec 2008 12:08:27 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/rising-royalties-send-yahoos-launchcast-to-cbs Yahoo Inc. is plugging its Internet radio service into CBS Corp.'s webcasting network in a move driven by dramatically higher fees for airing music online. Palo Alto Daily News Wed, 03 Dec 2008 12:01:41 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/wall-street-heads-for-lower-open Wall Street appeared headed for a lower open Wednesday as investors awaited more readings expected to show a still-weakening economy. Palo Alto Daily News Wed, 03 Dec 2008 12:00:36 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/sweden-ready-to-support-but-not-buy-volvo-saab Sweden's Industry Minister Maud Olofsson says the government is ready to support U.S.-owned automakers Saab and Volvo but doesn't want to take over the troubled brands. Palo Alto Daily News Wed, 03 Dec 2008 11:58:26 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/dollar-mostly-up-gold-falls-in-morning-trading The U.S. dollar was mostly higher against other major currencies in European trading Wednesday morning. Palo Alto Daily News Wed, 03 Dec 2008 11:38:07 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/oil-rises-slightly-after-plunging-to-3-year-low-3 Oil prices rose slightly Wednesday but remained near three-year lows as investors tried to gauge how much the slowdown in U.S. and Chinese economies will hurt demand for crude. Palo Alto Daily News Wed, 03 Dec 2008 11:29:49 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/ap-executive-morning-briefing-2 The top business news from The Associated Press for the morning of Wednesday, December 3, 2008: Auditors fault Treasury policing of bailout funds WASHINGTON _ Lawmakers want the Treasury to do a better ... Palo Alto Daily News Wed, 03 Dec 2008 11:18:59 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/china-currency-issue-heating-up-on-eve-of-us-talks-2 A decline in the Chinese currency's value against the U.S. dollar after months of hovering in a narrow range is threatening to bring the long-simmering issue to full boil as U.S.-China economic talks get under ... Palo Alto Daily News Wed, 03 Dec 2008 11:10:59 GMT http://www.paloaltodailynews.com/article/hosted/2008/12/hk-stocks-climb-after-wall-street-rebound Hong Kong stocks rose modestly Wednesday after Wall Street's overnight gain as telecoms and financials offset weakness among property developers. Palo Alto Daily News Wed, 03 Dec 2008 10:41:20 GMT