Looking through the news today there are several interesting articles that should be highlighted. Ford reported a loss that widened to $5.8 billion in the third quarter; this was the largest loss in fourteen years for Ford.
Jeff Skilling was sentenced to over twenty-four years in prison following the fallout at Enron and his guilty conviction earlier this year.
On positive news, Wall Street succeeded to hit new trading highs as Walmart drove the index over the 12,100 mark for the first time. Speaking of Walmart, the company plans slower growth in capital spending next year.
Oil fell below $59 a barrel amid doubts that OPEC will in fact cut production.
Google shares hit a all time high on renewed investor confidence.