General Motors vehicle sales in January tumble 49%.
Tuesday, February 3, 2009
Energy: Dow Chemical, Merck & Co. Citi, Motorola in the spotlight
U.S. stock market futures were broadly flat Tuesday as investors eyed
heavy losses from the likes of Dow Chemical, Motorola and BP.
Monday, February 2, 2009
Bill could collapse credit default swaps market, strategist says
Industry: Energy
Ahead of a two-day hearing on derivatives, a bond analyst is warning
that a proposed House bill to ban speculation in the once-obscure
securities would annihilate the $31 trillion credit-default swaps
market.
Energy: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in
Tuesday's session are Motorola, UPS, Yum Brands, Electronic Arts, and
Disney.
Oil settles down $1.60, at $40.08 per barrel, amid investor pessimism about energy demand.
Oil settles down $1.60, at $40.08 per barrel, amid investor pessimism
about energy demand.
Strike looms as refinery workers continue talks
Some 24,000 employees at Gulf of Mexico oil refineries work under a
contract extension Monday, as negotiations between the crude majors
and the United Steelworkers union continue in the face of a possible
strike.
U.S. real consumer spending drops sixth time in seven months
U.S. real consumer spending drops sixth time in seven months
As U.S. real consumer spending falls for the sixth time in seven
months, Americans' savings rate grows, December data compiled by the
Commerce Department show.
MATTEL TO SHRINK TOY LINES AFTER PROFIT FALLS 46%
Mattel's fourth-quarter profit falls 46%, as toy maker cites ongoing
economic slump. Shares tumble 15% in early trading.
ECONOMIC REPORT: ISM FACTORY INDEX BOUNCES OFF LOWS IN JAN.
The nation's manufacturing sector contracted again in January, but at
a less rapid pace than the prior two months, the Institute for Supply
Management reports.
GM SEEKS $7 BILLION IN TAX RELIEF FROM CONGRESS: REPORT
General Motors Corp. is struggling to avoid a $7 billion tax
associated with a U.S. Treasury Department plan to give much of the
troubled company's outstanding stock to debt holders, the United Auto
Workers union and the federal government, according to a published
report.
BRITISH SNOW STORM COULD BE TOUGH ON TEETERING FIRMS
London's transport system may not be the only victim of Britain's
biggest snow storm in 18 years, an economist said Monday.