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US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
US stocks looked set to hand back some of last week’s gains at the open Monday as the much-anticipated bank rescue plan was delayed for another day.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
With European bourses down 2 to 3 percent on the first day of February, it's little wonder that European banks are again the weak link, with ING, UBS, HSBC and Barclays down 5 to 8 percent pre-open.
More companies announced layoffs on Thursday as the employment picture continued to dim.
The four-day rally in the S&P 500, the first since November, is in jeopardy today.
Futures have been holding impressive gains overnight, on top of a three-day gain, as markets are expecting news on several fronts.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
Major indexes finished higher after a yo-yo session Monday, with banks ending mixed after several attempts at a rally.
Wondering how the market could possibly be trading higher in the face of an incredibly dire warning from Caterpillar and another round of monster job cuts?
Stocks rallied, led by banks, after a wobbly open Monday. The market also got a boost from a blockbuster pharma deal, which helped overshadow a gloomy outlook from Caterpillar and other earnings worries.
Stocks got a boost from a better-than-expected report on the housing market, which overshadowed Caterpillar's gloomy outlook and other earnings worries.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
Stock index futures pointed to a dip at the opening, despite a mega-deal brewing in the pharmaceutical sector.
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.