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Reuters: Business News Updated : Wed, 03 Dec 2008 21:30:43 -0500 "Bottom's been made" in stocks: Legg Mason's Miller NEW YORK (Reuters) - Legg Mason's Bill Miller, a celebrated value investor but whose stock picking is far off the mark this year, said on Wednesday the "bottom has been made" in U.S. equities, and forecast opportunities for strong gains once markets rally. Publ.Date : Wed, 03 Dec 2008 17:05:28 -0500 Belden to cut jobs, take charges NEW YORK (Reuters) - Cable manufacturer Belden Inc said on Wednesday it will cut about 1,800 employees, or 20 percent of its workforce and consolidate some manufacturing operations due to weaker demand for its products. Publ.Date : Wed, 03 Dec 2008 19:41:41 -0500 Panasonic raises Sanyo offer: report TOKYO (Reuters) - Panasonic Corp has raised its buyout offer for Sanyo Electric Co Ltd by 10 yen to 130 yen per share in the hope of closing a deal this week, the Nikkei financial daily reported, without citing sources. Publ.Date : Wed, 03 Dec 2008 20:17:34 -0500 Private jobs, services slump show recession toll NEW YORK (Reuters) - Private employers cut 250,000 jobs in November, an unexpectedly large number and the biggest in seven years, while the service sector, which powers most of the economy, posted its worst slump on record. Publ.Date : Wed, 03 Dec 2008 16:57:15 -0500 Paulson said weighing bailout's next $350 billion CHICAGO/WASHINGTON (Reuters) - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. Publ.Date : Wed, 03 Dec 2008 19:41:03 -0500 Congress briefed by auto companies on revamp plans WASHINGTON (Reuters) - The chief executives of the major U.S. auto companies prepared on Wednesday for make-or-break congressional hearings on their request for $34 billion in government bailout loans, while lawmakers considered options including one or more of the Detroit Three going bankrupt. Publ.Date : Wed, 03 Dec 2008 20:20:22 -0500 Wall Street jumps on Coke and other defensive plays NEW YORK (Reuters) - Stocks rose for a second day on Wednesday as investors flocked to shares of Coke and other companies that hold up well in recessions following another round of disappointing economic data and corporate outlooks. Publ.Date : Wed, 03 Dec 2008 19:00:25 -0500 Icahn says opposes partial sale of Yahoo SAN FRANCISCO (Reuters) - Billionaire Carl Icahn opposes selling part of Yahoo to former AOL Chief Executive Jonathan Miller or anyone else because it is undervalued, he told CNBC on Wednesday. Publ.Date : Wed, 03 Dec 2008 17:32:36 -0500 Japan faces deep recession, central banks slash rates TOKYO (Reuters) - Japan may be in a deeper recession than first thought as businesses cut spending because of the worsening global recession, which will likely force central banks in Britain and Europe to slash interest rates later on Thursday. Publ.Date : Wed, 03 Dec 2008 21:20:48 -0500 U.S. working on affordable mortgage plan: sources WASHINGTON (Reuters) - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday. Publ.Date : Wed, 03 Dec 2008 20:01:49 -0500 Datafeeds For Blogs Amazon Tool

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