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Wall Street tumbles on global recovery concerns (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 15:05:22 +0000

Reuters - Stocks fell broadly on Monday as ongoing concerns about the speed of a global economic recovery were compounded by data from Japan, which showed that while the world's No.2 economy returned to growth, the recovery may be shaky.

Lowe’s gives dismal quarterly outlook (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 14:37:34 +0000

Reuters - Lowe's Cos posted a 19 percent drop in quarterly profit on Monday and forecast current-quarter earnings below Wall Street estimates as consumers put off big home projects, sending its shares down more than 8 percent.

VIX fear gauge jumps 15 percent as stocks tumble (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 14:11:19 +0000

Reuters - The CBOE Volatility Index (.VIX) jumped more than 15 percent on Monday as U.S. stocks tumbled on renewed concerns about the potential strength of the economic recovery.

N.Y. manufacturing growth emerges in August (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 13:24:31 +0000

Reuters - A gauge of the New York state factory sector showed growth for the first time since April 2008, signaling manufacturers could lead the U.S. economy out of the worst downturn in 70 years.

Ahead of the Bell: GameStop to fall short (AP)

Yahoo! News: Business — Mon, 17 Aug 2009 13:11:57 +0000

AP - Shares of GameStop Corp., the world's largest videogame retailer, slid 5 percent in premarket trading Monday after an analyst predicted its second-quarter results would fall short and the company would have to cut its guidance.

U.S. pay czar says he can “claw back” exec compensation (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 12:04:38 +0000

Reuters - Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that power.

Japan pulls out of recession, but outlook shaky (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 11:49:57 +0000

Reuters - Japan's economy returned to growth in the second quarter, pulling out of its longest recession since World War Two, but analysts warned of a rocky road ahead as the nascent recovery was based on short-term stimulus efforts around the world.

Cuomo likely to file suit against Schwab: report (Reuters)

Yahoo! News: Business — Mon, 17 Aug 2009 10:48:10 +0000

Reuters - New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities (ARS), is likely to file a lawsuit on Monday against Charles Schwab Corp for civil fraud, the Wall Street Journal said, citing people familiar with the matter.

World stocks, oil tumble on US consumer worries (AP)

Yahoo! News: Stock Markets News — Mon, 17 Aug 2009 09:32:58 +0000

AP - World stock markets and oil prices slid Monday as worries about the consumer outlook in the U.S. reined in hopes about the pace of any global economic recovery despite the news that Japan has climbed out of recession.

World stocks, oil tumble on recovery doubts (Reuters)

Yahoo! News: Stock Markets News — Mon, 17 Aug 2009 08:08:59 +0000

Reuters - World stocks fell by more than 1 percent on Monday, led by sharp drops in Asia, while government bonds and the dollar rose as doubts about the strength of a global economic recovery triggered a risk asset sell-off.

Wall Street sees shoppers as key to rally’s future (AP)

Yahoo! News: Business — Sun, 16 Aug 2009 16:57:55 +0000

AP - On Wall Street, the average shopper can trump a Federal Reserve policy maker.

Stocks could pull back as earnings end (Reuters)

Yahoo! News: Stock Markets News — Sun, 16 Aug 2009 15:29:25 +0000

Reuters - U.S. stocks could extend last week's retreat after a four-week advance as the earnings season winds down and investors search for signs that consumer spending will help sustain an economic recovery.

Suzuki to sell hybrid in N. America in ‘11: Nikkei (Reuters)

Yahoo! News: Stock Markets News — Sun, 16 Aug 2009 03:53:12 +0000

Reuters - Suzuki Motor Corp plans to start selling a hybrid sedan in North America in 2011, using a next-generation system co-developed with General Motors Corp, the Nikkei business daily reported on Sunday.

Auto suppliers under bankruptcy protection (AP)

Yahoo! News: Business — Fri, 14 Aug 2009 23:20:19 +0000

AP - Auto parts supplier Visteon Corp. has asked a Delaware bankruptcy judge for permission to cut health and life insurance benefits for thousands of current and former workers.

Visteon judge to rule on cutting retiree benefits (AP)

Yahoo! News: Business — Fri, 14 Aug 2009 23:11:45 +0000

AP - A Delaware bankruptcy judge is weighing whether auto parts supplier Visteon Corp. can terminate retiree health care and life insurance benefits for thousands of current and former workers.