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Example Headline of Genre for Date
Asian stocks fall as signs of slump mount
AP - Asian stock markets faltered Wednesday, with Hong Kong's benchmark down almost 2 percent, as evidence mounted that a worsening global economy has taken a toll on companies.
China shares up, extending gains on stimulus plan
AP - Chinese shares eked out modest gains Wednesday despite a weak region as construction sector stocks continued to rally on the government's $564 billion stimulus package. Financials also rose.
Japan stocks fall; investors awaiting G20 meeting
AP - Japanese stocks fell Wednesday in restrained trading as caution prevailed amid ongoing concerns about the U.S. economy and ahead of the upcoming G20 summit of financial leaders.
Sainsbury posts 5.6 pct rise in 1H profit
AP - J Sainsbury PLC, Britain's third largest supermarket chain, posted a 5.6 percent rise in first-half net profit on Wednesday, crediting its range of discounted products with attracting customers despite the looming recession.
European stocks rally despite pall of global gloom
AFP - A technical rebound on European markets after another round of heavy losses provided some cheer Wednesday but continued weakness on the corporate front, with poor results from finance companies, kept the tone cautious.
Stock futures point to early losses
Reuters - Stocks were pointing to a slightly lower open on Wednesday, adding to the previous session's sharp losses as concerns over the health of the global economy eclipsed hopes of a rescue package for the stricken auto sector. By 5:06 am EST, S&P 500 futures were down 0.01 percent, Dow Jones futures were down 0.2 percent and Nasdaq 100 futures were down 0.6 percent.
Russia's ruble, stocks continue to fall
AP - Russia's currency and stock markets fell further Wednesday after the central bank said it would back off defending the ruble and hiked interest rates, and as dropping oil prices threatened the state's finances and the economy.
Asian stocks dip as signs of global slump mount
AP - Asian stock markets faltered Wednesday, with Japan's benchmark losing 1.3 percent, as evidence mounted that a worsening global economy has taken a toll on companies. European markets opened higher.
FTSE gains 0.75% at open
AFP - The London stock market gained 0.75 percent to 4,278.38 points when trading opened on Wednesday.
ING posts 478 million euro loss in 3Q
AP - Financial services company ING Groep NV reported a net loss of 478 million euros ($609 million) in the third quarter on Wednesday, after booking 1.51 billion euros worth of losses on devalued investments and assets.
Scottish & Southern posts 78 pct fall in 1H profit
AP - Scottish & Southern Energy PLC, Britain's second-largest energy supplier, said Wednesday that profit for the first half of its financial year plunged 78 percent as higher wholesale gas and electricity costs crunched profit margins and some of its power stations stopped production because of upgrade delays.
Unicredit 3Q earns drop 54 percent
AP - Unicredit, Italy's largest bank, said Wednesday third-quarter net profit dropped 54 percent due to a decrease in fee income and trading losses caused by the financial crisis.
FTSE 100 up 52.96 at 4,299.65
AP - Share prices on the London Stock Exchange were higher at midday Wednesday.
Wall St. heads to uncertain open on econ worries
AP - Wall Street headed toward a mixed open Wednesday, with investors trying to assess how bad the global economic slump is and increasingly worried about the auto industry's future.
Europe stocks down on signs of global slump
AP - European stocks were mostly lower Wednesday, with investors still hurting from Tuesday's heavy losses, and as earnings reports and economic data showed the global gloom is thickening.
Russia may have to tap reserves fund in crisis
AP - Russia may have to tap into rainy-day reserves of billions of dollars to help state finances through the economic crisis and declining oil profits, the country's finance minister said Wednesday.
Iberia airline profits plummet
AP - Spanish airline Iberia said Wednesday its 3rd-quarter profits plummeted 80 percent to 30.4 million euros ($38.8 million) compared to the same period of 2007, as international economic slowdown sapped demand.
E.ON's 9-month profit down 42 percent
AP - Utility E.ON AG said Wednesday that its net profit for the first nine months of this year fell 42 percent, despite a 22 percent jump in sales that was fueled by higher prices for natural gas and electricity.
FBR sees Fannie Mae losing $20-$40 billion in next 4 quarters
Reuters - Fannie Mae , once a mortgage giant, could post losses totaling $20 billion to $40 billion in the next four quarters, as elevated credit costs continue to hurt the company's capital position, an analyst at FBR Capital Markets said.
Stocks open lower on economic concerns
AP - Wall Street is down for the third straight day amid increasing evidence that consumers are sharply cutting back on spending.
GM up as investors bet bailout is likely
Reuters - Shares of Dow component General Motors surged in premarket trade on Wednesday as investors bet that a government bailout was increasingly likely.
Economic bad news mounts ahead of finance crisis summit
AFP - More grim news that Germany and Britain are battling recession and devastating profit results increased pressure Wednesday on world leaders ahead of a crisis global economy summit this weekend.
Macy's swings to $44 million loss in 3rd quarter
AP - Macy's Inc. swung to a loss in the third quarter as sales dropped more than 7 percent amid a sharp slowdown in consumer spending.
E.ON's 3-month profit down 93 percent
AP - Utility E.ON AG said Thursday third-quarter net profit slid 93 percent on higher costs for building power plants and a dip in investment income, though sales rose 38 percent on higher prices for natural gas and electricity.
Moller-Maersk nine-month profit up 39 pct.
AP - Danish container-shipping company A.P. Moller-Maersk A/S said Wednesday that net profit for the first nine months of 2008 jumped 39 percent, citing higher revenues boosted mainly by its oil and gas business and better freight rates.
World stocks lower as economies, companies suffer
AP - World stocks fell Wednesday, extending Tuesday's heavy losses as evidence mounted that the global financial crisis is hurting economies and company profits.
London FTSE closes down
AFP - London shares closed down Wednesday in a volatile session as financial and retail stocks sunk on further evidence of severe economic downturns across the globe.
Oil drops 4 percent as forecasters slash demand outlook
Reuters - Oil fell 4 percent to below $57 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.
Thomson Reuters beats Wall Street with 3Q earnings
AP - Thomson Reuters Corp. reported sharply lowered earnings in the third quarter Wednesday but said its operating profit grew 33 percent after excluding one-time events such as the integration of its Reuters acquisition.
Holcim 3Q profits down, plans to shut 2 US plants
AP - Swiss cement maker Holcim Ltd. reported a drop of 23 percent in third-quarter profit Wednesday and announced it will close plants in the U.S. and Spain.
Wall Street skids on deepening economic gloom
Reuters - Stocks slid on Wednesday as the United States backed away from its initial plan of using the $700 billion bailout to mop up sour mortgages, worsening economic fears sparked by a slashed forecast from Best Buy.
Wall Street plunges on recession fears, uncertainty
AFP - US stocks plunged Wednesday as global markets were rattled by further signs of recession in Europe and a shift in the US financial bailout strategy.
Oil down 5 percent as forecasters slash demand outlook
Reuters - Oil fell 5 percent to $56 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.
U.S. crude falls more than $1 on economic fears
Reuters - U.S. crude oil futures fell more than $1 after Wednesday's settlement on mounting pessimism about the global economic outlook.
HK stock index drops over 6 percent in early trade
AP - Hong Kong's stock index has plunged over 6 percent in early trade, tracking Wall Street's sharp lossses overnight.
Philippines' Ayala Corp. earnings down 43 percent
AP - Ayala Corp., the Philippines' largest conglomerate, said lower equity earnings and capital gains on its investments slashed its January-September net income by nearly half of last year's.
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