Stocks open lower on profit fears
Reuters - U.S. stocks opened lower on Tuesday as investors fretted about continued interest rate hikes by the Federal Reserve and slowing profits. Publisher Knight Ridder Inc. warned of a drop in profits while retailer Best Buy Inc. reported higher earnings but lagged forecasts.
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.
Stocks Slip on Consumer Spending Fears
North American stock markets open mixed as crude oil prices decline; loonie up
Canadian Press - TORONTO (CP) - North American stock markets opened in negative territory Tuesday as crude oil prices fell for a third straight day on worries that skyrocketing gasoline prices could undermine demand in the United States - the world's biggest energy consumer.
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.
Nikkei up on techs
Reuters - Japan's Nikkei average rose 1.26 percent to end at a four-year high on Friday as investors bought lagging tech shares, with expectations that the ruling coalition will win Sunday's general election also lifting the market.
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