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photoStocks flat on financial sector worry (Reuters)

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)

photoMorgan Stanley cuts targets on retailers (Reuters)

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)

photoChina market sees signs of economic policy easing (Reuters)

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)

Economy - Tuesday (Investor's Business Daily)

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)

photoSiemens to cut 16,750 jobs (Reuters)

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)

photoFed may keep open lifeline as housing distress continues (Reuters)

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)

photoWall St falls on energy shares, bank worries (Reuters)

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)

photoOil drops $6 on easing storm worry and dollar (Reuters)

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)

photoG8 says soaring oil, food prices threaten global economy (AFP)

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)

photoPending home sales tumble in May (Reuters)

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)

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