Stocks end lower on signs of weakening consumer spending
U.S. stocks fall for a second day after quarterly results and outlooks
from luxury home builder Toll Brothers Inc. and coffee retailer
Starbucks Corp. illustrate softening consumer spending.
U.S. UNWRAPS LATEST PLAN TO STEM FORECLOSURES
In their most aggressive move yet to stem a tide of home foreclosures,
the government and the mortgage industry say they'll try to modify
hundreds of thousands of mortgages to make them affordable.
FUTURES MOVERS: OIL FUTURES END BELOW $60 A BARREL AS ECONOMIC CONCERNS DOMINATE
Crude-oil futures close below $60 per barrel after briefly touching
their lowest level in 21 months, as concerns about the health of the
global economy and its impact on energy demand sparked fresh selling
among traders.
OBAMA'S FIRST PRIORITY REMAINS ECONOMY: PODESTA
The first priority for Barack Obama remains the economy, a co-chairman
of his transition team says, but the president-elect won't meet any of
the leaders coming to Washington this weekend for a global economic
summit.
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