Stocks drop on profit worries
Reuters - U.S. stocks fell on Tuesday as the price of oil rebounded from a three-week low and companies, including newspaper publisher Knight Ridder Inc. , warned about their profit outlook.
Stocks Drop on Consumer Spending Worries
North American indexes mostly negative as crude oil prices see-saw; loonie up
Canadian Press - TORONTO (CP) - North American stock markets were stranded in negative territory Tuesday afternoon as crude oil prices see-sawed, putting downward pressure on Toronto's energy sector.
Blue chips fall as P&G slips
Reuters - U.S. blue chips fell on Tuesday as consumer products company Procter & Gamble Co. slipped on earnings worries tied to the aftermath of Hurricane Katrina.
BP Unit Innovene Files for NYSE IPO
AP - Innovene, a Chicago-based unit of British oil company BP PLC that makes chemicals for lubricants, paint and fabric, has registered for an initial public offering on the New York Stock Exchange, in line with previously announced plans.
Wall Street seen lower ahead of PPI data
Reuters - Shares on Wall Street are expected to dip slightly at the open on Tuesday on caution ahead of key U.S. economic data which investors fear may show a rise in inflation and spur further U.S. interest rate rises.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
After the Bell - Ford rises on Hertz deal
Reuters - Shares of Ford Motor Co. rose to $10.02 in extended hours of trading on Monday after it formally announced a deal to sell its Hertz Corp. unit to a group of private equity firms for $5.6 billion..
Investors Optimistic Despite Oil, Katrina
Dollar steers clear of recent lows
Reuters - The dollar on Friday held more than a cent away from three-months lows against the euro hit after the deadly Hurricane Katrina struck the U.S., as fears about the long-term impact of the disaster waned.
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