Wall Street trembles as recession fears mount
The Dow dived nearly 280 points as weak retail sales and Citigroup results deepen investor gloom. Commerce Department data show December retail sales fell and November figures were revised lower, signaling retrenchment as fears grow the Fed may not sustain growth amid ongoing subprime fallout. Intel posted weaker fourth quarter results, reinforcing a cautious outlook with investors shifting to defensive plays.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Citigroup Inc
Dow Jones
Commerce Department
Federal Reserve
Intel Corp
Brian Gendreau
ING Investment Management
Court curbs investors ability to sue in fraud case
The Supreme Court ruled 5 3 that investors who lose money to corporate fraud cannot sue secondary actors like vendors accountants and lawyers unless investors relied on their statements. The decision centers on a cable company and its box suppliers, seen as a stand in for banks tied to Enron style dissembles.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Enron Corp
Anthony Kennedy
Citigroup posts $10 billion loss amid worsening signs of recession
Citigroup reports a $10 billion quarterly loss tied to bad mortgage bets, the worst in its 196 year history, as high energy food costs and unemployment strain borrowers. The bank cuts 4,200 jobs, slashes its dividend, and seeks foreign cash to shore up capital.
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New York
Citigroup Inc
Citi
Lion
Citigroup
U.S
Gary Crittenden
Vikram Pandit
Dow Industrials
Dow Transportation
Dow Utilities
AYSE
Amex
Valia
Nesta
Russel
Wilshire
Stoex
NwstAirn
Prushfn
Navios
MonayGrm
Cninsura
Fallgana
TiensBio
Oculus Iy
ChisBnk
Brcindiatr
Tee
GPC Bint
Yinglin
Aetooniry
Calmsag
Wclcmts
Navgung
Hibbett
PwShs
Genelec
Ishemet
Rose
LearCorp
Mar Inca
Agraet NY
Lewes NY
MeOnids NY
Micront NY
Cedar Bobson
CntryTeleco
Nordson Nasd
Northrap
BIO
Cigna Comcast
Oracle
Nash
PNC NY
Crindon NY
ParkHan NY Aa
Dalmiar NY
Pennay NY
Darden
Pfizer NY
Dall Inc
PolyOne NY
Digbold NY
Pwshsqqo
EMG Gp NY
ProctGamay
EmersonEl NY
Qwesicm NY
ExxonMbl NY
Ford FstMant NY
Henwin Ny
GenElec NY
Sinuss Ned
GaMott NY
Smucker Ny
Horndlind NY
Khop NY
Starig Wy
Istapnnya Ama
Usbiaa NY
Ishemetriya Atrix
Wachovia
Ishrak
Nya
Arnex
WalMart NY
WA Mull Ny
Invacare Wy
Wells Fargo NY
Wpmorgh NY
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chi
Mercantile Agar
NYBT
New York Board of Trade
Pet Mini
Intan American Funds
BalAm MA
Fundminv
Mie
Marian
GrowAmerAm
LG American
IncAmarAm MA
H.R
Invcoama Tm LY Ae
Wamaina Im LV
Ad Winoc
Davis Nyvaentam
Dodge & Cox IntiStk
Dodge & Cox Stock
Fidelity Conta
HBA
Fidelity Magellan
Frankton Ranklin Incom A. Th CA
Pimco TotRed
Vanguard Boo
AFG Oig
Vanguard
Vanguard TolStidx
Vanguard Welty
Hiaua AL
Wodsell
Maringstay
Jobs unveils iTunes movie rentals and skinny notebook
Apple rolls out iTunes movie rentals tied to a slim notebook release and a broadened TV and video strategy. Steve Jobs announces alliances with six major studios, including Sony and Universal, with rentals at 2.99 for older titles and 3.99 for new releases, available on Macs Windows devices iPhones iPods and Apple TV.
MENTIONED IN THIS ARTICLE
San Francisco
Apple Inc
Apple
Steve Jobs
Sony Pictures
Universal
Hollywood
Shaw Wu
United States
Invacare CFO Thompson resigns from company
Gregory Thompson, chief financial officer of Elyria based Invacare Corp, announced he will leave the company. He will stay through March 1, with Gerald Blouch taking on added duties. Invacare will search for CFO candidates as Thompson departs.
MENTIONED IN THIS ARTICLE
Elyria
Gregory Thompson
Cial
Sensormatic Electronics Corp
Invacare
Mahoney
Also Mentioned on This Page
James Lilly Jr
New York Stock Exchange
Robert Barnes
Washington Post
May Wong and
Jordan Robertson
Associated Press
Invacare Cfo
Thompson
Ine Chronicle-Telegram
Dow Jones Industrials
Dany Dow Jones
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