Stocks
U.S. Stock-Index Futures Decline; GM, Ford, Caterpillar Retreat in Europe U.S. stock-index futures dropped as
investors speculated the economic slump will deepen without a
bailout package for carmakers, while a report today may show
builders broke ground on the fewest houses since at least 1959.
Eagle Materials, La-Z-Boy, Phoenix, Tivo, KLA-Tencor: U.S. Equity Preview The following companies may have
unusual price changes in U.S. trading tomorrow. Stock symbols are
in parentheses.
Grupo Famsa, Hogar, Profarma and Redecard: Latin American Equity Preview The following companies may have
unusual price changes today in Latin America trading. Stock
symbols are in parentheses and share prices are from the previous
close. Preferred shares are usually the most-traded class of
stock in Brazil.
Yahoo Investors Want Outside CEO to Turn Around Yahoo After Yang Departs Yahoo! Inc. investors say the search
to replace Chief Executive Officer Jerry Yang should focus on a
turnaround artist from outside the Internet company who can draw
Microsoft Corp. back into takeover talks.
John Paulson Buys Mortgage Bonds as Hedge Funds Decline for a Fifth Month Money manager John Paulson has
started buying beaten-up mortgage bonds as hedge funds stumbled
for a fifth straight month.
Stocks in Europe, Asia Decline, Led by Banks; U.S. Index Futures Decrease Stocks fell in Europe and Asia, led
by financial firms and commodity producers, on concern the
economic slowdown will cut profits. U.S. futures dropped before
a report that may show consumer prices slid the most since 1949,
heightening the risk of deflation.
U.K. FTSE 100 Index Declines; Shell, Rio Tinto and HSBC Shares Lead Drop U.K. stocks declined as investors
speculated the global recession is worsening and oil and metals
prices slid. Royal Dutch Shell Plc, Europe's largest oil company,
and Rio Tinto Group dropped.
French Stocks Fall: ArcelorMittal, BNP Paribas, Renault Lead the Retreat France's CAC 40 Index dropped
44.64, or 1.4 percent, to 3,172.76 at 9:52 a.m. in Paris. The
SBF 120 Index fell 1.3 percent. Symbols are in parentheses
after company names and prices are from the last close.
Germany's DAX Index Slips, Led by Hypo Real Estate, Banks; Carmakers Fall German stocks declined for a second
day this week on concern the global economy will deteriorate,
hurting the outlook for profits.
Asian Stocks Drop for Third Day; Banks, Commodity Producers Lead Declines Asian stocks fell for a third day,
led by financial companies and commodity producers, as Sumitomo
Mitsui Financial Group Inc. planned to raise cash and Oz Minerals
Ltd. said earnings may decline.
Japan Stocks Fall, Led by Financial Companies, as Bad-Loan Concerns Mount Japan stocks declined, led by
financial companies, on concern the nation's drop into recession
will lead to an increase in bad-loan costs.
South Korea's Kospi Declines for Seventh Day as UBS Reduces Index Target South Korea's Kospi index slumped
for a seventh day, the longest losing streak in more than four
months, after UBS AG cut its target for the benchmark by 26
percent to reflect a ``sharp'' decline in earnings.
Japan's Dividends May Follow Profit Decline, Drag Share Prices to New Lows Japanese companies' dividend
projections, on par with last year's record, may be set for
declines in the face of a global recession, leading shares to
new lows, said Yasuda Asset Management Co.'s Hiroshi Chano.