Markets
-
Sony stock slides 14 percent on earnings revision
Oct 23, 2008 11:00 pm - TOKYO -- Shares of Sony Corp. plummeted 14 percent Friday after the Japanese electronics giant slashed its annual profit and sales forecasts due to poor demand amid a gl...
-
Dow drops 300 on belief global recession is at hand
Oct 23, 2008 11:00 pm - NEW YORK -- Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five years as markets aroun...
-
World markets slump on recession fears
Oct 23, 2008 11:00 pm - LONDON -- World stock markets tumbled Friday on growing alarm that a global recession will ravage corporate profits and push smaller developing economies to the brink of...
-
TV creating 'currency of momentum' in meltdown coverage
Oct 23, 2008 11:00 pm - NEW YORK - This financial crisis has really redefined the notion of "talking heads." On business news channel CNBC, at any one time, 10 of them can be crowding the scree...
-
Oil prices plunge, gas prices follow
Oct 23, 2008 11:00 pm - COLUMBUS, Ohio -- Crude prices tumbled Friday and a gallon of gasoline fell below year-ago levels for the first time in 2008, even as OPEC announced a huge production cu...
-
Nikkei falls more than 7 percent in early trade
Oct 22, 2008 11:00 pm - TOKYO -- Japanese shares dropped more than 7 percent in early trade Thursday as jittery investors dumped stocks on growing worries over a slump in the global economy and...
-
Stocks end mixed on worries about economy
Oct 22, 2008 11:00 pm - NEW YORK -- Wall Street spent another session buffeted by volatility Thursday, this time closing mixed after investors wrestled with their fears about the economy but al...
-
Oil rises above $67 as OPEC prepares to cut output
Oct 22, 2008 11:00 pm - NEW YORK -- Oil prices swung back above $67 a barrel Thursday, rebounding from a 16-month low as OPEC members met to decide whether to slash production to halt crude's s...
-
Interbank lending rates ease further
Oct 21, 2008 11:00 pm - LONDON -- Lending rates among banks in the U.S. and Europe dropped farther Wednesday as central banks' cash loans to banks appear to be unblocking credit markets. The ra...
-
Dow ends down more than 500 on recession fears, weak earnings
Oct 21, 2008 11:00 pm - NEW YORK -- Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of ...