Wall Street Week Ahead: Debt and data suggest more losses (Reuters)
Posted: 29 Jul 2011 02:17 PM PDT
Reuters - Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.
Posted: 29 Jul 2011 02:25 PM PDT
Reuters - Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.
Posted: 29 Jul 2011 02:35 PM PDT
Reuters - The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a standoff over the nation's debt does not end quickly.
Posted: 29 Jul 2011 02:29 PM PDT
Reuters - Merck & Co Inc plans to cut another 12,000 to 13,000 jobs by late 2015 to wring out additional annual cost savings of up to $1.5 billion that can be plowed back into research and deal making.
Posted: 29 Jul 2011 02:46 PM PDT
Reuters - The crisis over raising the debt ceiling may have been manufactured by politicians, as many on Wall Street charge, but its effect on consumers and the broader economy is likely to prove very real.
Posted: 29 Jul 2011 12:38 AM PDT
AFP - Asian stocks fell Friday on growing concern that US lawmakers will not break a deadlock on a deal to avert a default by the world's richest country.
Posted: 29 Jul 2011 01:01 PM PDT
AP - The dollar fell broadly Friday on signs of a sharp slowdown in U.S. economic growth and the increasing possibility of a debt default that could hurt the economy.
Posted: 29 Jul 2011 01:53 PM PDT
AP - Pfizer Inc., which reports second-quarter results before the stock market opens Tuesday, will discuss a few recent drug approvals, new data on some experimental drugs and plans to divest some of its non-core businesses.
Posted: 29 Jul 2011 11:27 AM PDT
AP - Standard & Poors agency cut Cyprus' credit grade by one notch to BBB+, or three notches above junk status on Friday, and warned of a further downgrade on concerns that the country won't meet its deficit reduction targets for the next two years.
Posted: 29 Jul 2011 03:37 PM PDT
AP - Bank of America Corp. is facing a new lawsuit filed by a group of shareholders of mortgage giant Countrywide Financial Corp., which the bank bought in 2008.
Posted: 29 Jul 2011 11:37 AM PDT
Posted: 29 Jul 2011 09:17 AM PDT
AFP - Retail sales in Germany, the biggest European economy, gained a surprise 6.3 percent in June, provisional, seasonally-corrected official data released Friday showed.
Posted: 29 Jul 2011 01:53 PM PDT
AP - A former New York lawmaker convicted of insurance fraud earlier this year has pleaded guilty in a separate multimillion-dollar mortgage fraud scheme.
Posted: 29 Jul 2011 06:44 PM PDT
AP - Venezuelan President Hugo Chavez says his country's oil production quota within OPEC should increase now that its proven crude reserves have grown.
Posted: 29 Jul 2011 09:09 AM PDT
Posted: 29 Jul 2011 03:38 PM PDT
ContributorNetwork - The British invasion of America is happening again, this time in the middle of the heartland. The St. Louis Business Journal reports that Emerald Automotive, a 3-year-old hybrid car manufacturer, will build a plant in Hazelwood. By 2014, the facility will employ over 580 people. Cars and vans will use gas or diesel-powered engines to recharge batteries.
No comments:
Post a Comment