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Example Headline of Genre for Date
Tokyo stocks surge five percent
AFP - Japan's Nikkei stock index soared five percent Tuesday after the government said it was planning to provide public funds to companies to help them through the economic crisis.
London shares open flat
AFP - Shares in London were little changed early on Tuesday after the banking sector led strong gains on the market the day before.
Asian markets surge on upbeat Barclays forecast
AP - Asian markets advanced robustly Tuesday, led by a jump of nearly 5 percent in Japan, as an upbeat earnings forecast from British bank Barclays eased worries about the health of major banks.
Asian markets rise on optimism about banks
AP - Asian markets advanced robustly Tuesday, led by a nearly 5 percent jump in Japan, as an upbeat forecast from British lender Barclays and gains in European bank shares eased worries about the financial sector. European markets, which rallied the previous day, opened slightly higher.
Stocks seen opening higher; earnings in focus
Reuters - Dow Jones futures were up 0.8 percent at 1032 GMT, S&P 500 futures up 0.9 percent, Nasdaq futures up 0.2 percent, pointing to rising stock markets on Tuesday.
European markets lower as energy stocks slump
AP - European markets fell Tuesday as a slump in energy and mining stocks offset the renewed confidence in the financial sector and a small recovery in German business confidence.
Plavix sales help Bristol-Myers swing to Q4 profit
AP - Strong sales of blockbuster blood thinner Plavix helped Bristol-Myers Squibb Co. post a sizable fourth-quarter profit Tuesday, rebounding from a loss in a charge-laden quarter a year earlier and beating Wall Street's profit forecast.
Verizon 4Q earnings up 15 percent
AP - Verizon says its earnings increased 15 percent in the fourth quarter, as it kept adding wireless and broadband subscribers.
Delta reports $1.4B 4Q loss
AP - Delta Air Lines lost $1.4 billion in the final three months of last year as it recorded a massive charge related to employee stock awards and wasn't able to fully benefit from the decline in oil prices because of bad bets on fuel hedges.
Corning cuts 3,500 jobs as 4Q profit slumps
AP - Corning Inc. says it is cutting 3,500 jobs, or 13 percent of its payroll, as demand slumps for glass used in flat-screen televisions and computers.
DuPont swings to 4Q loss, lowers 2009 forecast
AP - DuPont Co. reported a $629 million loss for the fourth-quarter, reflecting a hefty restructuring charge, and lowered its earnings forecast for the full year due to weak industrial demand for its chemicals.
Travelers 4Q profit falls 25 pct on investments
AP - Commercial and personal property insurer Travelers Cos. said Tuesday that lower investment income drove fourth-quarter profit down 25 percent.
Hershey 4Q profit rises partly on pricing actions
AP - Hershey, the nation's second-biggest candy maker, says its fourth-quarter profit increased 51 percent, helped by pricing measures and its Reese's and Hershey's brands.
Siemens 1Q net profit down 81 pct to euro1.23 bln
AP - Industrial conglomerate Siemens AG said Tuesday its fiscal first quarter net profit fell 81 percent, largely due to one-time effects stemming from the sale of its VDO Automotive business last year.
Nomura posts record 3Q loss amid global turmoil
AP - Nomura Holdings Inc. posted a record loss in the third quarter, as market turmoil and the heavy burden of its global ambitions dragged Japan's biggest brokerage deeper into the red.
European stocks mainly drop
AFP - European stocks mostly fell on Tuesday, after sharp gains the previous day, as jitters persisted about a global financial crisis which has sparked tens of thousands of job cuts so far this week.
Steel maker Nucor 4Q earns drop 71 percent
AP - Steel maker Nucor Corp. says its fourth-quarter earnings tumbled 71 percent on a drop in demand for steel products and higher raw material costs as the economy weakened.
EMC 4Q profit sinks 45 pct on charges
AP - Data storage company EMC Corp. said Tuesday its fourth-quarter profit fell 45 percent as one-time restructuring expenses weighed on its results.
DuPont posts 4Q loss, lowers 2009 forecast
AP - Chemical maker DuPont Co. reported a $629 million loss for the fourth-quarter, reflecting lower sales and a hefty restructuring charge, and cut its earnings forecast for the 2009 due to the recession and flagging demand from its industrial customers.
Peabody's 4Q profit soars
AP - Coal-mining Peabody Energy Corp. is reporting higher fourth-quarter profit, easily topping Wall Street's expectations as the company benefited from higher volumes.
Hershey profit beats estimates, sticks by 2009 view
Reuters - Hershey Co posted higher-than-expected quarterly profit as it lifted sales of its namesake candy and Reese's brands by spending more on marketing.
McDonald s Feeds Off Global Slowdown As Earnings Growth Beats Expectations
Investor's Business Daily - McDonald's cooked up a profit in the fourth quarter as consumers worldwide, feeling the pinch from a dismal economic environment, sought out value meals at the Golden Arches.
Stocks rise following US Steel, Amex earnings
AP - Some of Wall Street's earnings anxiety eased Tuesday after companies including United States Steel Corp. and American Express Co. managed to post profits in a difficult recession.
SEC official: agency did not detect Madoff fraud
Reuters - The Securities and Exchange Commission did not examine the advisory operations of accused financial swindler Bernard Madoff despite the firm registering in September of 2006, a top SEC official told lawmakers on Tuesday.
US Steel reports surge in 4Q profit
AP - United States Steel Corp.'s fourth-quarter earnings soared as strong pipe sales and an acquisition-related gain boosted results, but the steel maker forecast an operating loss in the current quarter due to the global economic slowdown.
Delta reports $1.4B 4Q loss; Shares plunge
AP - Delta Air Lines Inc., the world's biggest carrier, said Tuesday it lost $1.4 billion in the final three months of 2008 as it recorded a massive charge related to employee stock awards and wasn't able to fully benefit from the decline in oil prices because of bad bets on fuel hedges. Delta shares fell nearly 18 percent in early trading.
FTSE 100 in the red
AFP - The FTSE 100 index was in the red on Tuesday as jitters persisted about a global financial crisis which has sparked tens of thousands of job cuts so far this week.
Peabody 4Q profit soars; could be shopping
AP - Coal-mining company Peabody Energy reported fourth-quarter profits Tuesday that easily topped Wall Street expectations, partly on surging contract prices in Australia. Company shares surged 13 percent.
TSX closes higher in anticipation of budget
Reuters - Toronto's main stock index finished more than 1 percent higher on Tuesday as optimism ahead of Canada's budget boosted financial shares and overcame a drag from commodities groups.
Europe down, Wall Street flat after consumer data
AP - Most world stock markets rose Tuesday, tagging along with an upturn on Wall Street on relief that big companies like United States Steel Corp. managed to post profits in a recession.
SPIN METER: Congress missed SEC napping on Madoff
AP - It's not often that erudite senators declare themselves baffled, mystified or bereft of understanding. But they'll cast themselves as clueless if it helps to make this point: That profound fraud, government screw-up and/or scandal? Not our fault.
STMicroelectronics posts loss, cutting 4,500 jobs
AP - Swiss chip maker STMicroelectronics NV said Tuesday it is cutting about 4,500 jobs worldwide after it posted a fourth-quarter net loss Tuesday, reversing a year-ago profit as revenue slipped amid the global economic turmoil.
ETrade Financial 4Q loss narrows
AP - Online brokerage E-Trade Financial Corp. said Tuesday that it narrowed its loss in the fourth quarter, primarily due to the absence of a hefty charge recorded in the year-ago period.
Yahoo Posts Loss, Revenue Falls Slightly
PC World - Yahoo recorded a loss and its revenue shrunk a bit in the fourth quarter, ended Dec. 31, 2008, the struggling Internet company said Tuesday.
Steel makers forecast grim first quarter
AP - Two steel makers forecast a grim first quarter Tuesday as the recession continues to slow demand for everything from washing machines to SUVs, suggesting that more plant shutdowns and job cuts could be on the way.
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