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Nov 20, 2008 

Forbes.com: Recession Bites Europe - by Lionel Laurent

For the complete report from Forbes.com click on this link

Recession Bites Europe - by Lionel Laurent

European stocks suffered a predictably gloomy performance Thursday morning, as engine maker Rolls Royce unveiled job cuts and Air France-KLM's quarterly profits were virtually wiped out. Dutch retailer Royal Ahold beat expectations with its quarterly results, thanks to a long-term price reduction program. Shares gained 6.9%, to 8.55 euros ($10.70), in Amsterdam.

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