U.S. stocks scale back early losses Tuesday as the price of crude dips more than $4 a barrel, countering earnings results and guidance from American Express Co., Apple Inc. and Wachovia Corp. that intensified worries about the economy. See full story.
Apple shares hit on weak forecast despite strong earnings
Apple Inc. shares tumble more than 8% after the consumer electronics maker issues a weak fourth-quarter profit forecast, taking the shine off a 31% jump in third-quarter earnings. See full story.
Wachovia swings to loss on writedown, cuts div
Wachovia Corp. took $6.1 billion of write-downs for bad investments related to the mortgage and credit crises, and increased its write-off and loan loss provisions, swinging the company to a loss for the second quarter and prompting its second dividend cut this year. See full story.
AmEx falls as economy chokes growth
Shares of credit-card giant American Express shed as much as 12%, in reaction to second-quarter results underscoring the fragile state of the U.S. economy. See full story.
U.S. plan for GSEs has $25 billion price tag: CBO
A proposed plan by the Bush administration to backstop struggling mortgage-finance companies Fannie Mae and Freddie Mac will cost $25 billion over fiscal years 2009 and 2010, the Congressional Budget Office estimates. See full story.
MARKETWATCH COMMENTARY
John Dvorak's Second Opinion: The Microsoft conundrum
Microsoft has posted continuous profits and great financial results over the years, including its whopper earnings report on Thursday. Meanwhile, the stock has done nothing for years and everyone must wonder why, writes John Dvorak. See full story.
MARKETWATCH PERSONAL FINANCE
Special Report: Is it time to worry about your bank deposits? Yes, and no
If you're an investor, banks aren't looking pretty. But for bank customers, it's another story: As long as your assets are covered by FDIC insurance, you should be sitting pretty, even if your own bank fails. The question is: Are your assets covered? See full story. 
Blogged with the Flock Browser
No comments:
Post a Comment