Posted Wednesday July 9, 2008, 12:14 am, Over one day old
Reuters - Stocks were little changed in choppy
trading on Wednesday as fears of further credit losses in the
financial sector and rebounding oil prices offset Alcoa Inc's
stronger-than-expected quarterly profit.
Read Stocks flat on financial sector worry
(Reuters)
(Links)
Posted Wednesday July 9, 2008, 12:14 am, Over one day old
Reuters - Retailers may have a challenging 2009 as sales
at its domestic stores continue to fall and in the absence of a
stimulus like this year's tax rebates, analysts at Morgan
Stanley said, as they lowered their price targets and 2009
earnings estimates across the sector.
Read Morgan Stanley cuts targets on retailers
(Reuters)
(Links)
Posted Wednesday July 9, 2008, 12:14 am, Over one day old
Reuters - A flurry of visits by Chinese leaders
to cities hit by sluggish exports and a reported tax rebate for
textile exporters are being interpreted by the market as
signals that Beijing might cautiously ease tight economic
policies.
Read China market sees signs of economic policy easing
(Reuters)
(Links)
Posted Wednesday July 9, 2008, 12:14 am, Over one day old
Investor's Business Daily - That was slightly better than Wall St. estimates, while April's rise in consumer credit outstanding was revised down to $7.8 bil. Credit card and other revolving debt grew by $5.7 bil after April's drop of $424 mil. Auto, boat and other nonrevolving loans rose $2.1 bil.
Read Economy - Tuesday
(Investor's Business Daily)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - German industrial conglomerate
Siemens AG (SIEGn.DE) plans to slash almost 17,000 jobs
worldwide to speed up cost savings and boost margins as it
prepares for a global economic downturn.
Read Siemens to cut 16,750 jobs
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - Federal Reserve Chairman Ben Bernanke
said on Tuesday the U.S. central bank might keep open a
lifeline to financial firms, while the latest data showed
distress in the housing and retail sectors continues.
Read Fed may keep open lifeline as housing distress continues
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - Stocks fell in volatile trading on
Tuesday as a pullback in oil prices hit shares of energy
companies and investors fretted about predictions of mounting
credit losses in the financial services sector.
Read Wall St falls on energy shares, bank worries
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - Oil tumbled to below $136 on Tuesday,
dropping by about $10 this week, as the dollar gained and
concern eased over an Atlantic hurricane.
Read Oil drops $6 on easing storm worry and dollar
(Reuters)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
AFP - Eight of the world's most powerful leaders called Tuesday for efforts to cool sizzling oil prices, warning soaring fuel and food costs were a threat to world economic growth.
Read G8 says soaring oil, food prices threaten global economy
(AFP)
(Links)
Posted Tuesday July 8, 2008, 12:14 am, Over one day old
Reuters - Pending sales of previously owned
U.S. homes plummeted by 4.7 percent in May, far more than
expected and a sign of more trouble ahead for the beleaguered
housing market, a real estate trade group report showed on
Tuesday.
Read Pending home sales tumble in May
(Reuters)
(Links)