AP - Australian stocks dived Tuesday, reversing the previous session's gains as renewed fears of a global recession and a domestic slowdown weighed on the bourse.

AP - Japanese stocks fell Tuesday as ongoing anxiety about the U.S. economy and a stronger yen eclipsed enthusiasm about China's new economic stimulus plan.

AP - India's benchmark Sensex stock index dived 5.3 percent Tuesday as hopes faded that China's $586 billion stimulus package will rescue the world economy and on news that some of India's largest companies are cutting back projects.

AP - German utility RWE AG said Tuesday its net profit for the first nine months of the year decreased 22 percent as one-off costs offset higher sales. The company confirmed its outlook for the full year despite the global economic crisis.

AFP - The London stock market opened on Tuesday with a fall of 0.98 percent at 4,360.91 points.

AP - Asian stock markets fell sharply Tuesday, following Wall Street lower as economic fears sapped enthusiasm over China's nearly $600 billion package to boost growth. European markets also opened lower.

AP - Chinese shares fell Tuesday as optimism about the government's multibillion dollar stimulus package gave way to renewed caution about the economy and profit-taking, with losses led by financial stocks and other heavyweights.

AP - Vodafone Group PLC, the world's biggest mobile phone company by sales, said Tuesday its net profit fell 35 percent during the first half of the financial year. But shares rallied as the company announced 1 billion pounds ($1.56 billion) in cost cuts and stuck to its full-year profit forecast despite the global economic downturn.

AP - Germany media company Bertelsmann AG said Tuesday it nearly tripled its net profit for the first nine months of the year

AP - Share prices were lower at midday Tuesday on the London Stock Exchange.

AP - Wall Street looked to open lower Tuesday after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and Starbucks Corp. reported earnings missed Wall Street expectations.

AP - Europe's stock markets opened lower Tuesday following losses in Asia amid mounting concerns about the world economy following downbeat corporate news in the U.S.

AP - Hong Kong's key stock index fell almost 5 percent Tuesday as investors questioned the impact of China's multibillion dollar stimulus plan and booked profits from the previos day's rally.

AP - InterContinental Hotels Group PLC, the owner of the Holiday Inn hotel chain, on Tuesday reported a 28 percent fall in third-quarter net profit and warned that there had since been a sharp deterioration in market conditions.

Reuters - Stocks tumbled on Tuesday, pulled lower by concerns that the global economic downturn is worsening.

AP - Wall Street tumbled Tuesday after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and coffee chain Starbucks Corp. reported earnings that missed expectations. The Dow Jones industrial average fell about 140 points.

Reuters - Shares of Toll Brothers fell 5.1 percent before the bell on Tuesday as the luxury home builder said it expects a 41 percent decline in fourth-quarter home-building revenue.

AP - Europe's stock markets traded sharply lower Tuesday ahead of expected losses on Wall Street amid concerns about the world economy following downbeat corporate news in the U.S. Asian markets closed sharply lower.

Reuters - Shares of Goldman Sachs fell nearly 4 percent to $68.50 before the bell on Tuesday after Fox-Pitt joined a growing list of brokerages forecasting a fourth-quarter loss for the U.S. bank.

Reuters - Oil prices tumbled on Tuesday as a slide in global stock markets refocused attention on the prospect of widespread recession, which is likely to cut deep into oil demand in many developed economies.

AP - Luxury homebuilder Toll Brothers Inc. said Tuesday fourth-quarter home building revenue dropped 41 percent as the financial crisis exacerbated ongoing weakness in the housing market.

AP - Russian stocks fell sharply on Tuesday, prompting regulators to suspend trading at one exchange until Thursday as the benchmark indexes shed more than 12 percent on the back of tumbling commodity prices.

AP - World stock markets fell sharply Tuesday as further downbeat corporate news in the U.S. reinforced concerns about the world economy.

AP - Sirius XM Radio Inc. said its loss widened to $4.88 billion in the third quarter after the satellite-radio provider booked a hefty impairment charge related to a drop in the company's stock.

Reuters - TJX Cos Inc reported lower quarterly profit and trimmed its outlook as even bargain hunters at its off-price stores cut back amid a weak economy and global financial meltdown, sending the company's shares down 5 percent.

AP - Intesa Sanpaolo Spa, Italy's second-largest bank, said Tuesday third-quarter net profit fell 54 percent due to trading losses and writedowns, causing to bank to cancel its dividend payments to restore its capital base.

Reuters - Tyco International Ltd warned that fiscal-year profit would be well below Wall Street forecasts because of the economic downturn and the impact of the stronger U.S. dollar, sending the industrial conglomerate's shares down nearly 13 percent.

AP - Wall Street took another clobbering Tuesday as the reality hit investors that few industries are safe from the consumer spending slump — whether they're building homes, making cars or selling coffee. The Dow Jones industrials sank about 250 points.

Reuters - Troubled casino company Las Vegas Sands Corp said on Tuesday it priced a public offering of 181.8 million common shares at $5.50 per share, which would raise about $1 billion to shore up its finances.

AP - Wall Street got another dose of painful reality Tuesday and sent stocks diving as investors recognized that few industries are safe from the consumer spending slump — whether they're building homes, making cars or selling coffee. The Dow Jones industrial average lifted off its lows of the day, but still closed down nearly 180 points.

AFP - Britain and the EU called for strong joint action to hold off the recession threatening leading economies as more grim economic and corporate news battered world stock markets on Tuesday.

AFP - Oil prices sank more than three dollars a barrel in New York Tuesday, after two days of minor gains, as stock markets tumbled on recession fears.

AP - Singapore Telecommunications Ltd., the largest telephone company in Southeast Asia, said Wednesday that profit fell 12 percent in the July-September period as a strengthening local currency hurt the value of earnings from its units abroad.

AP - Australia's biggest shopping mall operator, Westfield Group, said Wednesday it expects earnings to grow 5.5 percent this year despite weakening retail sales.