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  • Wall Street stocks head for lower open (AP)

    Traders work on the floor of the New York Stock Exchange February 28, 2008.  U.S. stocks tumbled on Thursday as worries about the economy grew following a weaker-than-expected reading on gross domestic product and a warning from Federal Reserve Chairman Ben Bernanke that there probably will be bank failures because of the housing slump. REUTERS/Brendan McDermid (UNITED STATES)AP - Wall Street headed for opening losses Friday after disappointing earnings from American International Group Inc. and Dell Inc. made clear the challenging economy in which companies now operate.



  • Wall Street futures fall; eyes on spending data (Reuters)

    Traders work on the floor of the New York Stock Exchange February 28, 2008.  U.S. stocks tumbled on Thursday as worries about the economy grew following a weaker-than-expected reading on gross domestic product and a warning from Federal Reserve Chairman Ben Bernanke that there probably will be bank failures because of the housing slump. REUTERS/Brendan McDermid (UNITED STATES)Reuters - Leading U.S. stock index futures fell before the start of Wall Street trading on Friday with the focus on consumer spending data amid growing worries about a recession and the implications for corporate profits.



  • Japan's Nikkei falls 2.3 percent (AP)
    AP - Japanese stocks fell sharply Friday as the yen climbed to its highest level against the dollar in nearly three years following U.S. Federal Reserve Chairman Ben Bernanke's pessimistic remarks on the U.S. economy.

  • Investors Dump Equities For Bonds (Investor's Business Daily)
    Investor's Business Daily - Investors trying to come to grips with a sharp market sell-off yanked $44.84 billion from stock funds in January, reversing December's inflow of $2.17 billion, according to the Investment Company Institute.

  • Ag sec resists 'downer' cow ban (AP)
    AP - The agriculture secretary on Thursday resisted calls from Democratic senators for a complete ban on so-called downer cattle — those unable to walk — from entering the food supply.

  • Wall Street woes a drag on FTSE (FT.com)
    FT.com - Yell was hit by heavy selling again Thursday after a US rival reduced its earnings forecast because of the weakening domestic economy.

  • Merrill, Prudential, UBS fined over mutual funds (Reuters)
    Reuters - Brokerages, including units of Merrill Lynch & Co and UBS AG , have agreed to pay $2.4 million in fines and reimburse more than $20 million to customers to settle probes into improper mutual fund sales and transfers, the Financial Industry Regulatory Authority said on Thursday.

  • FTSE lower after Rentokil warning (FT.com)
    FT.com - Rentokil Initial led the FTSE 100 lower on Thursday after a profit warning, while rumours that a London-based hedge fund was in trouble added to nervousness.

  • London shares close down sharply (AFP)

    An art installation at the London Stock Exchange. UK blue chips closed sharply lower today, down over 100 points following poor US data, with a glut of corporate depressing results, notably Rentokil Initial.(AFP/File/Ben Stansall)AFP - UK blue chips closed sharply lower today, down over 100 points as the DJIA also posted triple-digit falls following some disappointing US data, with a batch of corporate results a depressant, notably for Rentokil Initial.



  • FTSE steady after RBS earnings please (FT.com)
    FT.com - London equities were little changed in opening trade on Thursday but a dramatic fall in the Rentokil Initial share price was countered by solid earnings from RBS.

  • FTSE turns round on US rally (FT.com)
    FT.com - Marks and Spencer was in focus on Wednesday amid speculation a that US value investor had been picking up stock.

  • Wall St stocks seesaw in volatile trading (FT.com)
    FT.com - US stocks gyrated between positive and negative territory on Wednesday when traders weighed poor economic data and a plan to allow government-chartered mortgage lenders to buy more loans.

  • Wall St lifted by mortgage support news (FT.com)
    FT.com - US stocks reversed course on Wednesday, shrugging off earlier losses after the regulator of government-chartered mortgage lenders announced plans that could support the ailing housing market.

  • ASX to review sale of shares by ABC executives (FT.com)
    FT.com - ASX, the Australian stock exchange and market regulator, on Wednesday said it was looking into sales of shares by executives of ABC Learning Centres that were made both before and after it announced on Tuesday a drop in earnings that sent its share price plummeting as much as 70 per cent.

  • FTSE eases as banks turn lower (FT.com)
    FT.com - The rally on London equities markets ended on Wednesday, as HBOS led the banking sector lower after it missed earnings forecasts for 2007.

  • Bourses fall as banking rally fades (FT.com)
    FT.com - European banks gave back some of the gains achieved in the last two sessions after disappointing results from Britain's HBOS and Sweden's Handelsbanken.

  • Fannie, Freddie shares jump as regulator to lift investment caps (Reuters)
    Reuters - Shares of Fannie Mae and Freddie Mac jumped on Wednesday, after the federal regulator for the mortgage finance companies said it will lift an investment cap, in a move that will free up billions of dollars to invest in the U.S. housing market.

  • Regulator investigating Office Depot (Reuters)
    Reuters - The Securities and Exchange Commission is investigating communications that Office Depot Inc had last year with Wall Street analysts, the No. 2 office supplies retailer said.

  • Weak economic data weigh on Wall St (FT.com)
    FT.com - US stocks opened lower on Wednesday, beset by weak economic data, disappointing corporate results, rising oil prices and the falling dollar.

  • IBD's Top 10 - Tuesday (Investor's Business Daily)
    Investor's Business Daily - 1 Stocks fell on unpleasant economic data and $100 oil, but rallied after Dow component IBM unveiled a bullish buyback plan and profit forecast. Ending off intraday highs, the Dow still rose 0.9%, the Nasdaq 0.8% and the S&P 500 0.7%. The Dow and S&P 500 are now up in '08. The 10-year Treasury yield fell 3 ticks to 3.87%.

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