Debt standoff pressures stocks, drives wary mood (Reuters)
Reuters - Stocks dipped on Monday as lawmakers remained in a standoff over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week's critical deadline.
AFP - US stocks sank as markets opened Monday amid fears that lawmakers in Washington would fail to reach a deal to raise the government's debt ceiling, increasing the chances of a ruinous default.
AP - U.S. Secretary of State Hillary Rodham Clinton moved Monday to reassure Asian financial markets that resolution to America's debt crisis will be reached, as she sought China's help in pressing North Korea to demonstrate seriousness in nuclear disarmament talks and easing tensions in the South China Sea.
AP - Netflix Inc. is bracing for a backlash to its recently announced price hikes that could result in its slowest subscriber growth in more than three years.
AFP - Official data due Tuesday is set to show that the British economy witnessed a sharp slowdown in the second quarter due to weak real income, high prices and austerity measures, analysts said.
AFP - Greek Finance Minister Evangelos Venizelos has said that US support is vital for Greece, after a day of Washington meetings as Athens pushed to finalize its second massive international bailout.
Reuters - More than 100 oil workers and contractors hired by Mexico's state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the past decade, a document obtained by Reuters shows.
Posted: 25 Jul 2011 02:03 PM PDT
Reuters - Stocks dipped on Monday as lawmakers remained in a standoff over raising the debt ceiling to avoid default, but investors were convinced a compromise will be reached before next week's critical deadline.Posted: 25 Jul 2011 04:27 PM PDT
Reuters - Netflix Inc, facing a backlash from customers upset over a price hike, warned its subscriber growth would cool down in the third quarter, and its shares fell 10 percent.
Posted: 25 Jul 2011 06:20 PM PDT
Reuters - President Barack Obama said on Monday a temporary six-month extension of debt ceiling does not solve the problem and might not be enough to avoid credit downgrade.
Posted: 25 Jul 2011 04:25 PM PDT
Reuters - Texas Instruments Inc gave a lukewarm outlook for the current quarter, suggesting that back-to-school sales of computers and other consumer electronics would be weaker than normal.
Posted: 25 Jul 2011 09:06 AM PDT
Reuters - BlackBerry maker Research In Motion plans to cut about 11 percent of its workforce as it struggles to keep pace with Apple and Google in the mobile market it once dominated.
Posted: 25 Jul 2011 07:27 AM PDT
AFP - US stocks sank as markets opened Monday amid fears that lawmakers in Washington would fail to reach a deal to raise the government's debt ceiling, increasing the chances of a ruinous default.Posted: 25 Jul 2011 05:27 AM PDT
AP - U.S. Secretary of State Hillary Rodham Clinton moved Monday to reassure Asian financial markets that resolution to America's debt crisis will be reached, as she sought China's help in pressing North Korea to demonstrate seriousness in nuclear disarmament talks and easing tensions in the South China Sea.Posted: 25 Jul 2011 04:58 PM PDT
AP - Netflix Inc. is bracing for a backlash to its recently announced price hikes that could result in its slowest subscriber growth in more than three years.Posted: 25 Jul 2011 06:44 PM PDT
AFP - Official data due Tuesday is set to show that the British economy witnessed a sharp slowdown in the second quarter due to weak real income, high prices and austerity measures, analysts said.Posted: 25 Jul 2011 02:04 PM PDT
AP - Massachusetts Attorney General Martha Coakley said on Monday that she will not sign any agreement between attorneys general and big banks that releases the banks from future mortgage related liability.
Posted: 25 Jul 2011 05:30 PM PDT
AFP - Greek Finance Minister Evangelos Venizelos has said that US support is vital for Greece, after a day of Washington meetings as Athens pushed to finalize its second massive international bailout.Posted: 25 Jul 2011 02:30 PM PDT
Reuters - Massachusetts Attorney General Martha Coakley will investigate Mortgage Electronic Registration Systems, a key player in the U.S. mortgage system, over its possible role in connection with illegal foreclosures.
Posted: 25 Jul 2011 06:30 PM PDT
Reuters - More than 100 oil workers and contractors hired by Mexico's state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the past decade, a document obtained by Reuters shows.Posted: 25 Jul 2011 03:24 PM PDT
AP - The Internal Revenue Service is making it easier for some "innocent spouses" to escape responsibility for the tax debt of their husband or wife.
Posted: 25 Jul 2011 03:51 PM PDT
Investor's Business Daily - June global output for Nissan (OTCPK:NSANY) rose 18.5% to 419,831, a company record, signaling a continued recovery from supply chain disruptions caused by the March earthquake in Japan. Toyota's June production fell 9.2% to 593,839, but that was much less than May's 49% plunge. Honda's recovery seems to be stalling: Output sank 44.5% to 168,373. Shares of all 3 automakers fell about 1%.
No comments:
Post a Comment