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December 1, 2008Pilgrim’s Pride files for bankruptcy
CHICAGO (Reuters) - Pilgrim’s Pride Corp , the largest U.S. chicken company, said on Monday it filed for voluntary bankruptcy protection after struggling with high feed costs and low meat prices.
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(Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
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WASHINGTON (Reuters) - The U.S. economy slipped into recession in December 2007, the National Bureau of Economic Research’s business cycle dating committee announced on Monday.
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WASHINGTON (Reuters) - Factory activity dropped in November to its weakest level since the 1981-1982 recession and construction spending slumped in October, data showed on Monday, fanning fears of a protracted economic downturn.
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(Reuters) - Pilgrim’s Pride Corp. filed for Chapter 11 bankruptcy on Monday, according to a court filing.
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DETROIT (Reuters) - Ford Motor Co said on Monday it was reviewing options for Volvo and could sell the luxury Swedish car brand, sending Ford shares up 8 percent.
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NEW YORK (Reuters) - Stocks tumbled on Monday as signs of further deterioration in the economy around the world punctured last week’s market enthusiasm, with financial services companies and retailers among Wall Street’s biggest drags.
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WASHINGTON/LONDON (Reuters) - European leaders clashed on Monday over how much public money to spend on battling recession as data showed factories were slashing output in the United States, Europe and China.
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NEW YORK (Reuters) - Stocks extended losses on Monday after manufacturing data showing further contraction increased worries about the worsening world economic slump.
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NEW YORK (Reuters) - UnitedHealth Group Inc raised the lower end of its 2009 revenue forecast on Monday, although it maintained its profit outlook for next year.
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