U.S. stocks finish at 2009 lows amid earnings jitters
U.S. stocks sink to their lowest levels so far this year, with financials
hammered the hardest. Investors appeared leery of what is likely to be
an especially grim earnings season.
CITIGROUP MAY BE BROKEN UP, UNDER GOVERNMENT INFLUENCE
Some private investors have been calling for Citigroup to break itself
up for years. Now, according to analysts, the government may be doing
the job.
CRUDE SUPER CONTANGO PUTS MORE OIL IN STORAGE, SIGNALS PRICE RISE
A record amount of crude oil has been put into storage as investors
and producers wait for oil prices to rise in the following months, in
the hope that they can sell their oil at dearer prices.
MANY MORE COMPANIES SLASHED EARNINGS OUTLOOKS AS ECONOMY CRATERED
A global economy in tatters, massive U.S. job losses and a plunge in
commodity prices have combined to spark an unusually high rate of
warnings about corporations' fourth-quarter earnings, data show.
BUSH LOOKS BACK DURING FINAL PRESS CONFERENCE
President Bush defends his record and names what he thinks are some of
the achievements and mistakes of his presidency during his final press
conference, taking a look back over eight years of an administration
marked by the Sept. 11, 2001, attacks, a recession and Hurricane
Katrina.
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