Wall Street slides on debt fears and Europe woes
U S stocks end sharply lower erasing weekly gains as worries over Europe’s debt crisis grow. Dow falls about 304 points to 10992 S&P 500 drops 32 to 1154 Nasdaq down 61 to 2468 Geothermal EcoSolutions opens in Cresco Iowa to serve residential cooling with geothermal loops.
MENTIONED IN THIS ARTICLE
New York
U.S
Europe
Dow
Standard & Poor
Cresco
Iowa
Geothermal EcoSolutions
Brian Stockman
Larry Leliefeld
Frederic “Reed” Carlson
Ford sales miss forecast as 2011 outlook dims
Ford Motor CFO Lewis Booth warned U S auto sales may fall short of the 13 million lower end of the company’s 2011 range despite signs of pent up demand. Industrywide 13 million to 13.5 million was the target with 12.7 million expected for cars and light trucks. Booth cited confidence about the future as key to demand.
MENTIONED IN THIS ARTICLE
Northville
Mich
U.S
Ford Motor
Lewis Booth
Ford
Booth
Attitudes shift as buyers rent longer amid housing market
In Charlotte and nationwide, many potential buyers rent longer even when affordable, while buyers opt for smaller, cheaper homes. Millennials remain hopeful about owning within five years, and the old dream of rapid equity fades amid tighter credit and job concerns.
MENTIONED IN THIS ARTICLE
Harlotte
N.C
Lina
Jimi Gibson
Charlotte
Lina Gibson
National Association of Realtors
Bill Miley
Metrostudy
Wells Fargo & Co
Southwest matches airline move raising business fare prices
Southwest Airlines joined United Continental Holdings US Airways and Continental in lifting business travel ticket prices by 6 to 10 dollars per round trip, while discount and leisure fares stayed unchanged. Analysts say higher revenue ratios suggest solid corporate demand into fall though fourth quarter travel may slow.
MENTIONED IN THIS ARTICLE
Associated Press
Dallas
Southwest Airlines Co
Southwest
Jaime Baker
J.P. Morgan
US Airways
Delta
United
Continental
Baker
Senate passes patent bill after six years of debate
The Senate approved a patent reform bill aimed at boosting jobs and innovation but critics say it waters down fixes amid long standing disputes. Observers note risks from low quality patents and patent trolls while citing a backlogged USPTO as a pressure point. The measure would shift to a first filing rather than first invent to claim a patent.
MENTIONED IN THIS ARTICLE
Washington
Senate
Ed Black
Computer and Communications Industry Association
Google
Motorola Mobility
U.S. Patent and Trademark Office
Congress
Pharmaceutical
James Bessen
Boston University School of Law
United States
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Wall Street
Sprint
Portland
Ore
Sprint Nextel
Apple
At&t
Verizon Wireless
United Continental Holdings Inc
US Airways Group Inc
Illsbiatik
Catii Mariber
FDIC
Wits
Satieg
Hills Bank
Aneers
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