Stocks open lower on GM loss
Reuters - U.S. stocks dropped sharply at the open on Wednesday, with an unexpected quarterly loss from General Motors Corp. and worries over growth in the tech sector prompting investors to pull back.
Stocks Lower on Disappointing GM Report
AP - Stocks opened lower Wednesday as dour earnings from General Motors dampened traders' moods.
General Motors sets tone for negative session on markets with big loss
Canadian Press - TORONTO (CP) - A quarterly loss reported by General Motors Corp. helped send stock markets mainly lower Wednesday morning, although higher energy prices helped keep the Toronto stock market mildly positive.
Dollar robust vs yen pre-Greenspan
Reuters - The dollar hit a 14-month high against the yen on Wednesday as expectations grew Federal Reserve chief Alan Greenspan will signal steady rises in U.S. interest rates in testimony later in the day.
European stocks pare losses
Reuters - European shares pared opening losses on Wednesday as pleasing earnings from Swiss drugmaker Roche, and buoyant miners after China's latest red-hot economic growth numbers helped offset a weak technology sector.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
Q2 profit growth likely in double digits
Reuters - Thirteen could be a lucky number this earnings period for U.S. investors hoping for double-digit profit growth.
U.S. stocks set for strong start
Reuters - U.S. stock futures pointed to a strong start for the market on Tuesday after blue-chip company International Business Machines Corp. reported earnings that topped Wall Street estimates and ahead of a slew of earnings from other heavyweights.
Good Economic News May Not Boost Stocks
AP - Companies are more productive and more people have jobs. Corporate earnings growth is strong. And while oil prices remain near historic highs, the economy is showing great resilience. Even inflation is a non-issue. But don't expect a huge surge in stocks.
Probe into exchange mergers - FT report
Reuters - U.S. authorities are widening their probe into the mergers proposed by the New York Stock Exchange and the Nasdaq Stock Market Inc. , the Financial Times newspaper reported on Monday.
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