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Earnings worries take Wall Street lower

Stocks slid on Tuesday, hammered by fears that companies will show they struggled in the first quarter as the recession dragged on as the earnings season prepared to kick off with Alcoa.

Continental Air gets nod to join Star Alliance

Continental Airlines Inc won the U.S. government's nod on Tuesday for its plans to join the Star Alliance, which allows airlines to cooperate in marketing their routes and pricing to the public.

Earnings could throw wrench in U.S. stock rally

Don't look now, but the U.S. stock market may be headed for another royal smackdown with fears that first-quarter results will fail to show signs of an upturn for Corporate America.

Alcoa's Big Plans for 2009

As the effects of the receding economy hit aluminum giant Alcoa Inc hard with a $1.2 billion loss late last year, the biggest announcement for metal producer in the first three months of the new year was its plan to substantially reduce costs and raise cash by 2010.

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Wall Street falls ahead of earnings

Stocks fell on Tuesday as investors braced for what is expected to be another dismal earnings season and fresh worries surfaced over the amount of toxic assets on bank balance sheets.

Stock futures falter on new toxic asset worry

Stock futures pointed to a lower open on Tuesday on fresh worries over the amount of toxic assets on bank balance sheets and investors braced for what is expected to be another dismal earnings season.

Stock futures falter on fresh toxic asset fears

Stock futures pointed to a lower open on Tuesday after it was reported the International Monetary Fund was set to forecast toxic assets on the balance sheets of financial sheets could reach $4 trillion.

Stocks, European currencies turn lower after data

World stocks turned lower and European currencies fell on Tuesday after data showed the euro zone economy shrank more than previously thought, fanning concerns about the impact on corporate profits from the economy.

Equities rally pauses as bank fears nag

Asian stocks slid on Tuesday, snapping a five-day rally as concerns about the health of U.S. banks resurfaced, while expectations that Australian rates would not fall much further kept the Australian dollar steady.

Stock futures down, eyes on Alcoa earnings

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday as investors braced for aluminum producer Alcoa's quarterly results that will kick-start a keenly awaited U.S. earnings season.

World stocks steady ahead of Q1 earnings

World stocks steadied on Tuesday after hitting a two-month high in the previous session, while European stocks rose as investors awaited the start of U.S. corporate earnings season.

World stocks steady ahead of first-quarter earnings

World stocks steadied on Tuesday after hitting a two-month high in the previous session, while European stocks rose as investors awaited the start of U.S. corporate earnings season.

Equities rally pauses as bank fears resurface

Asian stock rally pauses as bank worries flare again

Asian stocks slipped on Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.

Wall Street rally stumbles as bank fears reemerge

Stocks broke a four-day winning streak on Monday after a prominent analyst revived worries over the health of banks and the potential collapse of a takeover of Sun Microsystems bruised sentiment in the technology sector.

Wall Street tumbles as bank fears resurface

Stocks fell on Monday after a warning from a prominent analyst revived worries over the health of banks and the potential collapse of a takeover of Sun Microsystems bruised sentiment in the technology sector.

Wall Street sinks as fears on banks resurface

U.S. stocks slid on Monday, as a prominent analyst warned the bank sector's problems still have further to run and the potential collapse of a takeover of Sun Microsystems hurt sentiment in the technology sector.

Wall Street slides on bank worry, energy drag

U.S. stocks extended losses on Monday, sending the S&P 500 down 2 percent, as a prominent banking analyst gave a bleak view on the bank sector and the collapse of a potential takeover of Sun Microsystems punctured recent enthusiasm about the technology sector.

Ford slashes debt by $9.9 billion

Ford Motor Co has reduced its automotive debt by 38 percent, or $9.9 billion, part of a series of moves to bolster its finances amid a deep industry downturn, sending its shares up more than 11 percent.

Wall Street sinks on banks, tech

Stocks slid on Monday, as bank shares fell after a widely-followed analyst recommended investors reduce or sell holdings of several large bank stocks, sapping recent optimism on the health of the financial sector.

Ford slashes automotive debt by $9.9 billion

Wall Street stocks sink on banks, tech

Wall Street tumbles as banks, tech weigh

Stocks slid further on Monday as concerns about the health of banking system diminished appetite for riskier assets and as billionaire investor George Soros said the banking system was basically insolvent.

Wall Street opens lower on banks

Stocks opened lower on Monday, as bank shares fell after an analyst initiated coverage on several large banks with an underperform or sell rating, sapping recent investor optimism on the financial sector.

GM CEO Henderson says bankruptcy not inevitable

Bankruptcy is not inevitable for General Motors Corp, said the automaker's new chief executive on Sunday, who is under White House orders to win more concessions from bondholders and unionized workers.

Asian shares rally to 6-month highs

Asian shares climbed to a six-month high on Monday, as hopes that the global economic downturn is nearing its bottom spur demand for riskier assets while hitting the yen and safe-haven government bonds.

GM's Saab seeks debt write-down to boost cash flow

The court-appointed administrator of GM's Saab said on Monday the carmaker was seeking to write off about three quarters of its non-prioritized debt to help it reach a positive cash flow in 2011.

Asian shares rally to 6-month high

Rio Tinto lines up $8 billion rights issue: report

Mining giant Rio Tinto has drawn up contingency plans to raise $8 billion in a rights issue underwritten by JP Morgan Cazenove and Credit Suisse, the Sunday Times reported without citing sources.

Surging syrup prices bring boom time for maple

This season's $60 a gallon price tag on maple syrup makes for one expensive pancake breakfast, but it's a windfall for those who coax it out of trees.

Optimism may extend rally in short week

U.S. stocks should rally further this week, if investors get more signs that the economic slump is abating and earnings season does not get off to a rocky start.

Wall St Week Ahead: Optimism may extend rally in short week

U.S. stocks should rally further this week, if investors get more signs that the economic slump is abating and earnings season does not get off to a rocky start.

New York Times threatens to shut Boston Globe

The New York Times Co has threatened to shut The Boston Globe unless the newspaper's unions quickly agree to $20 million in concessions, the Globe reported on Friday, quoting union leaders.

GM CEO says bankruptcy will be fast if needed: report

U.S. automaker General Motors Corp will move quickly into bankruptcy if necessary, chief executive Fritz Henderson said in an interview with the Financial Times newspaper published on Friday.

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