Business News http://enews.earthlink.net/channel/news/bus Business News Supplied by AP en-us (c) 2009 EarthLink Networks Inc. Tue, 24 Nov 2009 10:10:32 PST Tue, 24 Nov 2009 09:15:47 PST 5 Reports on consumer confidence, GDP tug at stocks http://enews.earthlink.net/article/bus?guid=20091124/4b0b7660_3421_1334520091124913595319 NEW YORK - Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism. Tue, 24 Nov 2009 10:10:32 PST 20091124/4b0b7660_3421_1334520091124913595319 By STEPHEN BERNARD and SARA LEPRO (AP Business Writers) Associated Press Barnes & Noble reports 2Q loss, cuts guidance http://enews.earthlink.net/article/bus?guid=20091124/4b0b7660_3422_1334620091124-1637637834 NEW YORK - Barnes & Noble on Tuesday posted a larger second-quarter loss than last year and lowered its profit forecast for this quarter in anticipation of weak holiday sales and high costs of launching its electronic book reader, the Nook. Tue, 24 Nov 2009 10:08:39 PST 20091124/4b0b7660_3422_1334620091124-1637637834 Associated Press Koenigsegg backs out of plan to buy Saab from GM http://enews.earthlink.net/article/bus?guid=20091124/4b0b7660_3426_13350200911241400155286 DETROIT - A Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand. Tue, 24 Nov 2009 10:06:24 PST 20091124/4b0b7660_3426_13350200911241400155286 Associated Press US growth downgrade weighs on world markets http://enews.earthlink.net/article/bus?guid=20091124/4b0b7660_3421_1334520091124-1476188626 LONDON - European and U.S. stock markets fell Tuesday after government figures showed the U.S. economy did not grow as fast in the third quarter as previously estimated, stoking fears that the recovery in the world's largest economy will be slow. Tue, 24 Nov 2009 09:58:10 PST 20091124/4b0b7660_3421_1334520091124-1476188626 By PAN PYLAS (AP Business Writer) Associated Press Economy's rebound not as strong as first thought http://enews.earthlink.net/article/bus?guid=20091124/4b0b7660_3422_1334620091124-2048305530 WASHINGTON - The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That was the picture that emerged Tuesday from reports on the nation's economy and the confidence of consumers, who power 70 percent of it. Tue, 24 Nov 2009 09:58:05 PST 20091124/4b0b7660_3422_1334620091124-2048305530 By JEANNINE AVERSA (AP Economics Writer) Associated Press