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Asian markets sink as investors ready for earnings
AP - Most Asian markets retreated Tuesday, led by a steep fall in Japan, as commodities stocks followed oil prices lower and a bleak outlook for earnings hit iconic exporters such as Sony Corp.
Sony may post first operating loss in 14 year
Reuters - Japanese electronics and entertainment conglomerate Sony Corp (6758.T) will likely suffer an operating loss of about $1.1 billion due to sluggish sales and a stronger yen, a source with knowledge of the matter said.
Asian stocks skid on earnings jitters
AFP - Worries about the impact of the global economic crisis on corporate earnings pushed Asian shares lower in early trade on Tuesday, with Tokyo plunging more than four percent.
Japan stocks tumble on US stock losses, higher yen
AP - Japanese stocks tumbled Tuesday, as Wall Street's losses, a stronger yen and the bleak outlook for earnings triggered selling in blue chip exporters and banks.
German stock market operator mulling Polish operations
AFP - The German stock market operator Deutsche Boerse wants to invest in Poland, either by taking a stake in or launching a venture with its counterpart in Warsaw, a press report said on Tuesday.
World stock markets skid on earnings jitters
AFP - Global equity markets sank on Tuesday, with Asia and Europe spiralling lower after fresh losses overnight on Wall Street, as worries mounted about weak corporate earnings, analysts said.
HK index stretches losing streak with 2.2 pct drop
AP - Hong Kong shares extended their losing streak Tuesday, with the main stock index falling more than 2 percent Tuesday, as Asian markets slumped.
FTSE 100 shares in the red
AFP - Shares in London were in the red at the start of trade on Tuesday as commodity prices took a beating and investors worried about a global economic slowdown.
World markets sink as investors ready for earnings
AP - Most Asian markets retreated Tuesday, led by a steep fall in Japan, as commodities stocks followed oil prices lower and a bleak outlook for earnings hit iconic exporters such as Sony Corp. Major European bourses opened lower.
Stock futures point lower ahead of trade report
AP - Wall Street appeared ready to extend its losses Tuesday as investors already uneasy about weak corporate profit reports awaited a reading on overseas demand for U.S. products.
World markets sink on US earnings concerns
AP - World markets sank Tuesday amid ongoing fears about the financial health of leading U.S. businesses after aluminum company Alcoa Inc. kicked off the fourth quarter earnings season in disappointing fashion.
Stocks move little amid anxiety over profits
AP - Wall Street is little changed in early trading as investors face fresh anxiety about weak corporate profits.
FTSE 100 down 63.71 at 4,362.48
AP - Share prices on the London Stock Exchange were lower at midday Tuesday.
Citigroup slides on outlook worry
Reuters - Shares of Citigroup Inc dropped 9 percent to $5.10 before the bell on Tuesday as investors fretted about the bank's outlook and fears of more credit losses ahead mounted.
Cargill quarterly earnings rise 25 percent
Reuters - U.S. agribusiness and trading giant Cargill Inc reported a 25 percent jump in quarterly earnings on Tuesday thanks to its investment in the fertilizer industry through its holdings in Mosaic Co .
Q4 Earnings Season Starts On Sour Note With Big Alcoa Loss
Investor's Business Daily - Alcoa posted its first quarterly loss in six years as demand for aluminum plunged, kicking off what analysts expect to be a dismal earnings season for all but the most recession-resistant companies.
European markets pare losses after bright US open
AP - World markets were mixed Tuesday as a rise in U.S. stocks, following upbeat trade data, helped European shares recover some of their earlier losses.
Stocks fluctuate on anxiety over corporate profits
AP - Wall Street fluctuated in a narrow range Tuesday as worries about the extent of the economy's troubles dogged the market's attempts to advance after four days of losses.
Infosys 3Q profit tops view, but outlook revised
AP - Indian IT services provider Infosys Technologies Ltd. on Tuesday reported a more than 6 percent increase in fiscal third-quarter profit and said it is seeing no fallout from the Satyam debacle, but warned that the pricing environment is challenging and trimmed its outlook for the full year.
FTSE 100 down 27.04 points at 4,399.15
AP - Share prices on the London Stock Exchange closed lower Tuesday.
London FTSE down at close
AFP - The FTSE 100 index of leading shares was down Tuesday, led lower by banks as investors continued to worry about the depressing economic backdrop.
World stock markets extend losses on economic concerns
AFP - Global stock markets were lower on Tuesday, extending losses after more bad US economic data as fears grew that corporate earnings will be decimated in the credit crunch.
Bernanke helps lift stock markets
AP - Stocks were given a boost, with European markets recovering some losses, after U.S. Federal Reserve chairman Ben Bernanke gave a guarded welcome to the massive stimulus package being planned by the incoming Obama administration.
Stocks fluctuate on anxiety over earnings
AP - Wall Street fluctuated Tuesday, with the Dow Jones industrials falling for a fifth straight session as worries about the recession's impact on corporate profits dogged the market.
Stocks end mixed on anxiety over earnings
AP - Wall Street's growing angst about company earnings gave stocks a mixed finish Tuesday, with the Dow Jones industrials suffering their fifth straight loss. The broader market indicators closed modestly higher.
World economic fears send Brazil stocks down again
AP - Stocks fell in Mexico and Brazil on Tuesday on fears about the health of U.S. businesses and declining industrial employment in Brazil.
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