Co issues downside guidance for Q3 (Nov), sees EPS of $0.81-0.83, excluding non-recurring items, vs. $0.91 First Call consensus;

Meet Jack: Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom: Tom is a newbie.

NY Times reports the deepest financial crisis since the Great Depression has prompted countries that had snubbed the euro to take a fresh look at the virtues of the common European currency.

Worldwide sales of semiconductors declined by 2.4% in October to $22.5 billion compared to sales of $23.0 billion in October 2007, the Semiconductor Industry Association reported. October sales were 2.1% lower than the $23.0 billion in September 2008.

The U.S. once exported jobs. Now, it is exporting unemployment. America’s deepening recession, which has cost 1.2 million jobs so far this year, is taking a heavy toll overseas. Shrinking consumer demand for imports and less need for outsourcing by U.S.

With oil prices in retreat, OPEC struggles to maintain unity

NY Times reports the first sign of trouble with the new phone was the concept: a touch-screen BlackBerry. That's right — in its zeal to cash in on some of that iPhone touch-screen mania, RIMM has created a BlackBerry without a physical keyboard.

Wall Street analysts give online advertising growth projections a haircut for 2009, with online display advertising continuing to take the brunt of the cuts. Read this blog post by Dawn Kawamoto on Digital Media.

The US Fed says it will inject another $800bn into the economy as it battles to stabilise its financial system.

description: DJ reports Goldman Sachs cuts its estimate for S&P 500's operating EPS for 2008 to $55 from $65, its fourth estimate cut from $76/share less than three months ago.