Daily News Digest: Business News

Yahoo! Alerts Yahoo! News - My Alerts - Edit Alert Monday, November 21, 2005 09:00 PM PST Today's Business News: GM slashing production and jobs Wal-Mart to match prices on Friday Target says Nov. sales may rise 2-3 pct Berkshire Hathaway reveals stakes Consumers hungry for hot, gooey Moskow says rates near neutral Stocks up, Boeing climb offsets GM drop Campbell Soup 1Q Profit Up to $302M Commercial Mortgage-Bond Delinquencies Up Retailers Like Wal-Mart Adjust to Katrina GM slashing production and jobs Mon, 21 Nov 2005 02:44 pm PST Reuters - General Motors Corp. said on Monday it would cut 30,000 North American manufacturing jobs and close a dozen plants as it struggles to compete with fast-growing rivals led by Toyota Motor Corp. Full Story Top Wal-Mart to match prices on Friday Mon, 21 Nov 2005 05:36 pm PST Reuters - Wal-Mart Stores Inc. (WMT.N), which launched an aggressive advertising campaign earlier this month to win crucial holiday sales, said on Monday that it will match competitors' prices as part of its "Black Friday" promotions. Full Story Top Target says Nov. sales may rise 2-3 pct Mon, 21 Nov 2005 05:39 pm PST Reuters - Target Corp. (TGT.N) on Monday said it expects sales at stores open at least a year to increase 2 percent to 3 percent for November, if it meets its sales plan for the fourth week of the month. Full Story Top Berkshire Hathaway reveals stakes Mon, 21 Nov 2005 03:34 pm PST Reuters - Berkshire Hathaway Inc. (BRKa.N) (BRKb.N), a company run by billionaire investor Warren Buffett, on Monday revealed previously undisclosed holdings of shares in Anheuser-Busch Cos. (BUD.N) and Wal-Mart Stores Inc. (WMT.N). Full Story Top Consumers hungry for hot, gooey Mon, 21 Nov 2005 04:32 am PST USATODAY.com - While new, better-for-you options at fast-food and casual restaurants have been getting lots of publicity, the patrons have been showing an increasing appetite for gooey, melted, toasted sandwich combos with sophisticated ingredients. Full Story Top Moskow says rates near neutral Mon, 21 Nov 2005 01:34 pm PST Reuters - More Federal Reserve rate increases are appropriate at this time, even with the federal funds rate at the low end of a neutral range, Chicago Fed President Michael Moskow said on Monday. Full Story Top Stocks up, Boeing climb offsets GM drop Mon, 21 Nov 2005 03:11 pm PST Reuters - Stocks rallied on Monday, driving the Dow to a gain for the year and its highest close since March as Boeing Co. shares hit a 4-1/2-year high on news of multibillion-dollar aircraft orders. Full Story Top Campbell Soup 1Q Profit Up to $302M Mon, 21 Nov 2005 01:29 pm PST AP - Campbell Soup Co.'s first-quarter profit climbed 31 percent, helped by lower expenses and a large tax benefit, but revenues were flat as sales in the mainstay soup business fell after a strong quarter last year. Full Story Top Commercial Mortgage-Bond Delinquencies Up Mon, 21 Nov 2005 04:19 pm PST AP - Commercial mortgage-backed securities delinquencies are rising in the wake of hurricanes Katrina and Rita, after declining for most of the past year. Full Story Top Retailers Like Wal-Mart Adjust to Katrina Sun, 20 Nov 2005 03:59 pm PST AP - No other Wal-Mart in the country looks like the one that reopened here more than two months after Hurricane Katrina nearly wiped the town off the map. Full Story Top You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.