NEW YORK (Reuters) - CB Richard Ellis Group Inc , the world’s largest real estate services firm, said on Wednesday that it expected to realize about $180 million from a public offering of 50 million shares priced at $3.77 per share.

Original post by Reuters: Business News

BOSTON (Reuters) - General Electric Co has secured the temporary backing of the Federal Deposit Insurance Corp for up to $139 billion of the debt of its finance arm, a spokesman said on Wednesday.

Original post by Reuters: Business News

PERTH (Reuters) - Oil slid for a third straight day to hit a 22-month low of $55 a barrel on Thursday, after a 5 percent overnight loss, as mounting pessimism about the global economy outweighed OPEC’s comments that it could cut output again as early as end-November.

Original post by Reuters: Business News

SAN FRANCISCO (Reuters) - Crocs Inc posted a deep quarterly loss on Wednesday as sales of its once-trendy, colorful plastic shoes plunged and it racked up high restructuring costs, sending its shares down 37 percent in extended trading.

Original post by Reuters: Business News

WASHINGTON (Reuters) - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped by Democrats.

Original post by Reuters: Business News

NEW YORK (Reuters) - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.

Original post by Reuters: Business News

NEW YORK (Reuters) - The U.S. government’s $700 billion bailout fund is unlikely to be enough, with the financial system needing more than $1 trillion to get through the crisis, two of Wall Street’s top dealmakers said on Wednesday.

Original post by Reuters: Business News

HOUSOTN (Reuters) - U.S. crude oil futures fell more than $1 after Wednesday’s settlement on mounting pessimism about the global economic outlook.

Original post by Reuters: Business News

SAN FRANCISCO (Reuters) - Applied Materials Inc , the No. 1 chip equipment maker, warned that profit in the current quarter would fall far short of Wall Street expectations due to the weakening global economy.

Original post by Reuters: Business News

NEW YORK (Reuters) - Stocks sank on Wednesday for the third day after the United States backed away from using its $700 billion bailout to mop up sour mortgages and added to uncertainty about how the government plans to revive bank lending.

Original post by Reuters: Business News