Wall Street drops on global debt woes (Reuters)
Reuters - Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.
Reuters - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.
AP - Global stock markets took a battering Monday as investors fled for the security of other assets amid concerns that Europe's debt crisis could engulf larger economies and ahead of another round of discussions over the U.S. debt ceiling.
AFP - Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.
AP - A European debt deal is "attainable" at an emergency EU summit Thursday, Greece's finance minister said, signaling progress in talks between European governments and private bond holders in drawing up a new rescue deal for Greece.
AP - Discount broker Charles Schwab Co. said Monday that its second-quarter profit rose 16 percent as growth in its advisory business for individual investors offset a decline in trading revenue.
AP - The president of the World Bank criticized the United States on Monday for its lack of leadership in pushing through a new global trade agreement that he said would boost economic growth.
AP - Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
AFP - Crude prices slumped on Monday, pulled down by concerns over Europe's debt crisis and the debt-ceiling impasse in Washington.
AP - One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade, including $1 trillion in tax increases opposed by most of his fellow Republicans.
Posted: 18 Jul 2011 01:48 PM PDT
Reuters - Stocks dropped on Monday as bank shares bore the brunt of investor frustration over governments' inability to solve debt crises in the United States and Europe.Posted: 18 Jul 2011 03:24 PM PDT
Reuters - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.Posted: 18 Jul 2011 06:30 PM PDT
Reuters - News Corp independent directors are fully behind Rupert Murdoch and his management team and are not drawing up plans to promote Chief Operating Officer Chase Carey to the position of CEO, a board member told Reuters on Monday.
Posted: 18 Jul 2011 04:31 PM PDT
Reuters - IBM's signings of new business at its services division surged 16 percent in the second quarter, trouncing expectations and raising hopes that 2011 will be a good year for the technology sector.
Posted: 18 Jul 2011 04:03 PM PDT
Reuters - Cisco Systems plans to cut 15 percent of its jobs and sell a factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes.
Posted: 18 Jul 2011 04:46 AM PDT
AP - Global stock markets took a battering Monday as investors fled for the security of other assets amid concerns that Europe's debt crisis could engulf larger economies and ahead of another round of discussions over the U.S. debt ceiling.Posted: 18 Jul 2011 11:24 AM PDT
Reuters - Doubts about the economy and sluggish PC sales are clouding the second-half outlook for Intel and other chip makers as they prepare to unveil quarterly earnings this week.
Posted: 18 Jul 2011 04:53 PM PDT
AFP - Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.Posted: 18 Jul 2011 04:42 PM PDT
AP - A European debt deal is "attainable" at an emergency EU summit Thursday, Greece's finance minister said, signaling progress in talks between European governments and private bond holders in drawing up a new rescue deal for Greece.Posted: 18 Jul 2011 03:36 PM PDT
AP - Discount broker Charles Schwab Co. said Monday that its second-quarter profit rose 16 percent as growth in its advisory business for individual investors offset a decline in trading revenue.Posted: 18 Jul 2011 10:26 AM PDT
AP - The president of the World Bank criticized the United States on Monday for its lack of leadership in pushing through a new global trade agreement that he said would boost economic growth.Posted: 18 Jul 2011 11:30 AM PDT
Reuters - Borders Group Inc has entered talks to sell a small number of stores to retailer Books-A-Million Inc while hundreds of its other locations could be liquidated, according to two sources close to Borders' bankruptcy process.
Posted: 18 Jul 2011 06:35 PM PDT
AP - Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.Posted: 18 Jul 2011 12:49 PM PDT
AFP - Crude prices slumped on Monday, pulled down by concerns over Europe's debt crisis and the debt-ceiling impasse in Washington.Posted: 18 Jul 2011 06:34 PM PDT
AP - One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade, including $1 trillion in tax increases opposed by most of his fellow Republicans.Posted: 18 Jul 2011 03:30 PM PDT
Investor's Business Daily - The Korean carmaker for the first time ousted traditional holders Honda and Toyota for the No.1 spot, Kelley Blue Book said. Auto shoppers' loyalty has waned due to the weak economy. Aggressive marketing and innovative product designs lifted Hyundai. Hyundai's Q2 brand loyalty was 52.3%, with Honda at 49.7% and Toyota at 47.7%. Ford was No. 4 at 45.4% and Subaru 5th at 44.8%.
No comments:
Post a Comment