Wall Street mixed on global economic worries
NEW YORK (AP) -- Wall Street finished mixed in fickle trading Wednesday, with investors unsettled about the economy ahead of Friday's employment report and only somewhat relieved about sliding commodities prices. The Commerce Department gave the market just modest c... |
August auto sales fall; some say worst may be over
 DETROIT (AP) -- Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out. Most upbeat were executives from General Motors Corp., which posted a 20.3 percent sales decline f... |
Fed: Slow growth, still-high prices hit economy
WASHINGTON (AP) -- The country is stuck in a slow-growth rut, the Federal Reserve suggested Wednesday. Higher prices for energy, food and other things are pinching people and businesses - reasons enough for the economy to be Americans' top concern heading into the p... |
Source: Madrid crash probe focuses on wing flaps
DALLAS (AP) -- The pilots of a Spanair SA plane that crashed last month in Madrid, killing 154 people, failed to extend wing flaps that are needed to give the aircraft enough lift for takeoff, according to a person familiar with the investigation. Investigators beli... |
Remnants of Gustav slow attempts to restore power
 BEAUMONT, Texas (AP) -- Torrential rains and the threat of tornadoes in the wake of Hurricane Gustav slowed attempts to rebuild Louisiana's broken transmission and distribution systems even as hundreds of thousands of residents who had fled the storm return to homes... |
2 Wall St. brokers accused of $1B subprime fraud
NEW YORK (AP) -- A former Wall Street broker pleaded not guilty Wednesday to charges he and a colleague duped investors into purchasing more than $1 billion in high-risk securities by making it look as though the trades were protected by the federal government. An i... |
Oil prices slightly lower on stronger dollar
 NEW YORK (AP) -- Oil prices inched lower Wednesday as a stronger dollar and slowing demand for crude overshadowed an almost total shutdown of energy output in the Gulf of Mexico after the passage of Hurricane Gustav. Light, sweet crude for October delivery fell 36 c... |
DOJ: Ex-KBR chief pleads guilty to bribery charges
WASHINGTON (AP) -- A former chief executive of construction firm KBR Inc. pleaded guilty Wednesday to federal bribery charges in connection with the company's natural gas operations in Nigeria from 1995 to 2004. The Justice Department said Albert "Jack" Stanley ente... |
Hovnanian reports wider 3Q loss
LOS ANGELES (AP) -- Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss more than doubled from a year ago as the homebuilder suffered steep declines in new home contracts and hefty markdowns on land values. The latest results marked the eighth co... |
GMAC slashing work force, reduces mortgage lending
LOS ANGELES (AP) -- Lender GMAC Financial Services said Wednesday it will close all of its 200 retail offices and lay off about 5,000 employees as part of plan to reduce its mortgage lending and servicing because of the housing market downturn. The majority of the l... |
|
|
|
 |
| Markets News |
| |
|
