Member 3949


Ford posts $8.8 billion loss as SUV sales fall (Reuters)

24-07-2008 20h43
Reuters - Ford Motor Co posted a wider-than-expected $8.7 billion quarterly net loss on Thursday amid declining sales of large pickup trucks and sport utility vehicles in North America.

Dow Chemical profit hurt by costs (Reuters)

24-07-2008 20h56
Reuters - Dow Chemical Co posted second-quarter earnings that fell short market expectations as its price increases did not completely offset a sharp spike in energy and raw material costs.

House passes housing bill; Bush lifts veto threat (Reuters)

24-07-2008 19h18
Reuters - The House of Representatives passed a massive housing rescue bill on Wednesday after the White House dropped a threatened veto, paving the way for passage of measures aimed at shoring up the worst U.S. home market since the Great Depression.

National City has $1.76 billion loss (Reuters)

24-07-2008 20h40
Reuters - National City Corp , a large U.S. Midwest regional bank, on Thursday posted a $1.76 billion loss, hurt by soaring losses on mortgage and real estate construction loans and a write-down for acquisitions.

Wall St futures mixed; eyes on results, home sales (Reuters)

24-07-2008 19h31
Reuters - (Reuters) Futures for the S&P were down 0.3 percent, for the Dow Jones industrial average down 0.2 percent and for the Nasdaq up 0.3 percent at 0940 GMT (5:40 a.m. EDT).

Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports (Investor's Business Daily)

24-07-2008 08h01
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.

Economy - Wednesday (Investor's Business Daily)

24-07-2008 07h36
Investor's Business Daily - The Mortgage Bankers Assoc.'s mortgage applications index fell 6.2% in the week ended July 18 to 489.6 as 30-year mortgage rates rose 0.37 point 15 6.59%, the highest in a year. The purchase index fell 6.7% to 335.6 and the refi index fell 5.6% to 1392.7. Financial turmoil has caused interest rates to rise while soaring home-loan defaults have forced banks to curb credit, deepening the housing slump.

Retail sales slump as Britain gripped by economic slowdown (AFP)

24-07-2008 20h58
AFP - Retail sales sank in June to record the largest monthly drop for 22 years, official data showed on Thursday, as consumers slashed spending amid an economic slowdown across the country.
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