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According to Reuters, Wall-Mart will enter the Indian market through a tie-up with Bharti Enterprises. The joint venture plans to have several hundred stores in the next four to five years.
Reuters writes that overall traffic to stores for the start of the holiday season was down, but spending rose.
Reuters writes that the CEO and CFO of Affiliated Computer Systems resigned after the company completed its options probe.
The Wall Street Journal writes that auto sales for The Big Three could drop to the lowest level in a decade during 2007. The downturn in the housing market could hurt the domestic manufacturers. In large markets like California, imports like Toyota could also be hurt. While GM and Toyota are forecasting 16.5 vechicles will be sold next year, some researchers think the number will be as low as 16.2 million.
The holiday season will be critical for Gap and its Old Navy brand. Sales for the two product lines have been poor recently.
The New York Times writes that Projects in Excellence in Journalism gave TV webites high marks for their election coverage.
Douglas A. McIntyre
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