Recession fears chill Wall Street
BBC Business - On this cold, clear day on Wall Street, the sharp wind makes the massive American flag outside the stock exchange flutter. Shares have fallen for the sixth day in a row, and the sense of underlying anxiety over the say of the us economy is palpable
AP Top News at 2:25 p.m. EST
Newsday - NEW YORK (AP) — Wall Street moved perilously closer to a bear market Wednesday, falling sharply yet again as dejected investors bet that a recession in the United Says is inevitable. Each of the major indexes at times were down more than 2 percent
Wall Street Resumes Selloff
Street.Com - Wall Street was once again seeing red Wednesday as a warning from Apple ( AAPL - Cramer’s Take - Stockpickr ), weakness in European markets and continuing concerns about a recession kept sellers in charge. The Dow Jones Industrial Average was losing
UPDATE 1-Parametric 1st-qtr earnings beat Wall Street view
Reuters - Jan 23 (Reuters) - Business software maker Parametric Technology Corp (PMTC.O: Quote , Profile , Research ) reported first-quarter profit that beat analysts’ expectations. The company reported net income of $9.9 million, or 8 cents a share for the
Bond insurance crisis looms on Wall Street
Globe and Mail - NEW YORK — Ben Bernanke may have temporarily halted a crippling nosedive in global stock markets, but bankers aren’t convinced the U.S. Federal Reserve’s surprise rate cut yesterday will address what’s emerging as a growing threat to the economy
Amsterdam shares close sharply lower as Wall St falls - UPDATE
Forbes - AMSTERDAM (Thomson Financial) - Amsterdam shares closed sharply lower, as early losses on Wall Street caused nervous investors to exit the market. The AEX closed down 16.14 points or 3.73 pct at 417.13, after hitting an intra-day low of 413.48
UPDATE 1-Werner Enterprises Q4 profit meets Wall St view
Reuters - Jan 23 (Reuters) - Transportation company Werner Enterprises Inc (WERN.O: Quote , Profile , Research ) reported a quarterly profit in line with Wall Street estimate, despite higher fuel prices and softness in freight demand, sending its shares up as
Main Street, Job Site, Industrial Park and Stimuli
Forbes - Let’s act swiftly to send the message that Wall Street and the media don’t rule the say of the economy.” Satagaj continued, “First, this is a good time for us to invest in our nation’s infrastructure. We’ve long said there are lots of compelling
Wednesday’s Tech Winners & Losers
Street.Com - Tech stocks were mostly trading lower Wednesday as the sector reeled from a sell-off in Apple shares, even as Wall Street grappled with fears of a severe economic slowdown. Apple ( AAPL - Cramer’s Take - Stockpickr ) plunged $28.55, 18.2%, to $127.17
Parametric Technology 1st-quarter profit declines, but beats Wall
CNBC - NEEDHAM, Mass. - Product-development software maker Parametric Technology Corp. said Wednesday its fiscal first-quarter profit declined, injured by a restructuring charge and other items, but adjusted earnings surpassed Wall Street’s expectations. For
U.S. stocks swing back and forth
International Herald Tribune - Wall Street endured another volatile day Wednesday as stocks plunged at the opening bell, swiftly recovered lost ground, then fell again in the afternoon. Technology stocks felt the brunt of the damage. With Motorola and Apple forecasting lackluster
Energen 4Q profit tops Wall Street estimate; co. reaffirms 2008
Forbes - SAN FRANCISCO (Thomson Financial) - Energen Corp. stated Wednesday its fourth-quarter net earnings fell 16.5% to $79.4 million, or $1.10 a share, but topped the $1.02 mean estimate of analysts polled by Thomson Financial. In the same period last year
FTSE falls amid further losses on Wall St
Financial Times - The FTSE 100 shut more than 100 points lower on Wednesday amid continued weakness on Wall Street. The benchmark ended down 130.8 points, or 2.3 per cent, at 5,609.3 as US markets continued to slide despite Tuesday’s unprecedented 75 basis points
UPDATE 3-United Tech profit tops Street view, stock climbs
Reuters - Last: BOSTON, Jan 23 (Reuters) - Diversified manufacturer United Technologies Corp (UTX.N: Quote , Profile , Research ) said on Wednesday quarterly profit jumped 23 percent, topping Wall Street expectations, on strong demand from the aviation and
Wall Street turns higher as bargain hunters enter the market
International Herald Tribune - NEW YORK : Wall Street bounced around in extremely volatile trading Wednesday, as bargain hunters entered the market and lifted stocks up from their steep losses. The Dow Jones industrials fell more than 320 points in early trading, and rose more
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