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Asia stocks extend sell-off amid recovery fears
AP - Most Asian stock markets veered lower a second day Tuesday, extending a worldwide sell-off amid continuing fears about the pace of economic recovery.
Asian stocks mixed, Europe higher after sell-off
AP - Asian stock markets were mixed during a volatile session Tuesday a day after selling off amid deep-set worries about the pace of economic recovery. European shares opened higher.
World markets recover poise after big sell-off
AP - European stock markets bounced back Monday, helped by some upbeat German economic data, a day after a deep sell-off around the world sent major indexes back down to levels from the beginning of August.
Global stocks, commods rebound as volatility eases
Reuters - World stocks and commodity prices recovered on Tuesday from the previous session's sell-off, which was prompted by concerns over the pace of global recovery, while the Japanese yen and safe-haven U.S. government bonds eased.
Ahead of the Bell: Hewlett-Packard 3Q earnings
AP - With the personal computer business limping back to health, Hewlett-Packard Co. is a likely beneficiary. More details will emerge Tuesday afternoon when the world's No. 1 PC maker reports its fiscal third-quater earnings, for the three months ended July 13.
Oil rises towards $68 as equities recover
Reuters - Oil rose toward $68 a barrel on Tuesday in line with a broad recovery on Asian and European stock markets after falling the previous day to a two week-low.
Oil prices rise in line with global stock markets
AFP - World oil prices rose Tuesday in line with rebounding stock markets and as Hurricane Bill picked up strength in the Atlantic Ocean, albeit far from US oil rigs in the Gulf of Mexico.
Saks loss widens in 2Q, but smaller than expected
AP - Luxury fashion retailer Saks Inc. says its second-quarter loss widened as consumer spending continued to languish. But the loss was not as big as analysts expected.
CIT Group records $1.68 billion 2Q loss
AP - Commercial lender CIT Group Inc. said Monday in a regulatory filing it lost $1.68 billion in the second quarter, and again warned it might have to file for bankruptcy protection if it fails to restructure its business.
US DIY firm Home Depot raises earnings forecast
AFP - Home Depot raised its forecast for fiscal 2009 Tuesday after reporting a less-than-expected 7.2 percent decrease in earnings in the second quarter compared to the same period last year.
Stocks slightly higher after sharp drop
AP - Investors moved back into the stock market Tuesday, joining in a worldwide rebound from the previous day's big sell-off.
Oil slips below $67 on weak U.S. housing data
Reuters - Oil pared gains and stood below $67 a barrel on Tuesday as weak headline U.S. housing data renewed doubts over the pace of economic recovery in the world's largest energy user. Investors were also awaiting weekly U.S. fuel inventory reports due later on Tuesday and Wednesday, expected to show crude stockpiles have risen for the fourth straight week.
Target's 2Q profit falls 6.3 pct, beats estimates
AP - Target Corp. reported that its second-quarter profit fell 6.3 percent, but results surpassed Wall Street forecasts amid cost-cutting and improvements in its credit-card business.
TJX 2Q profit climbs as consumers bargain shop
AP - Discount retail operator TJX Cos. said Tuesday its fiscal second-quarter profit rose 31 percent as its stores like T.J. Maxx and Marshalls continued to lure in cost-conscious shoppers.
Target profit falls but beats Wall Street view
Reuters - Target Corp reported its eighth consecutive drop in quarterly profit, but the results were better than Wall Street had expected as the No 2 U.S. discount retailer cut costs and stocked less merchandise.
Earnings data help stocks regain ground after drop
AP - Some better-than-expected retail earnings reports are drawing investors back into the stock market.
Oil firms above $67 ahead of inventory data
Reuters - Oil rose above $67 a barrel on Tuesday, tracking gains on global stock markets ahead of key U.S. crude inventory data.
Saks loss widens in 2Q but smaller than expected
AP - Retailer Saks Inc. posted its fifth consecutive quarterly loss on Tuesday, as consumers continued to cut back on buying luxury fashion.
A look at economic developments around the globe
AP - A look at economic developments and activity in major stock markets around the world Tuesday:
Oil prices jump as equities recover
AFP - Oil prices rose Tuesday in line with firmer stock markets and as Hurricane Bill picked up strength in the Atlantic Ocean, albeit still far from US oil production platforms in the Gulf of Mexico.
FTSE 100 shares recover
AFP - London stocks closed higher on Tuesday, recovering some of the ground lost in the previous day's heavy sell-off.
Oil settles above $69 on Wall Street gains
Reuters - Oil settled above $69 a barrel on Tuesday, up more than 3 percent, as stronger-than-expected earnings results lifted equities and boosted optimism about the economy.
TJX 2Q profit climbs as consumers seek bargains
AP - Cash-strapped consumers continued to seek value at stores run by discount chain operator TJX Cos., the company said Tuesday as it reported that its second-quarter profit rose 31 percent and narrowly beat expectations.
Earnings Preview: Sears Holdings Corp.
AP - Sears Holdings Corp. reports results for the second quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Snapshot of retailers' 2nd-quarter earnings
AP - Second-quarter profits from major retailers underscore how cost-cutting moves helped profitability, and the market saw reason for hope in the four reports Tuesday. But retailers continue to grapple with weak consumer spending.
Analog Devices 3Q profit falls 53 percent
AP - Chip designer Analog Devices Inc. on Tuesday reported a 53 percent drop in third-quarter profit as sales fell, as businesses curbed technology spending amid the recession.
Cost-cuts, steady growth help Home Depot outdo Lowe's
Reuters - No. 1 home improvement chain Home Depot Inc is banking on a slow-but-steady growth strategy and cost cuts to fight lackluster demand for big-ticket remodeling projects.
Nikkei almost flat after Wall Street rise
Reuters - Japan's Nikkei average was almost flat on Wednesday after better-than-expected results from big U.S. retailers such as Home Depot offset an unexpected drop in housing starts and lifted Wall Street.
Longtop Financial's 1Q profit jumps 38 percent
AP - Chinese financial software developer Longtop Financial Technologies Ltd. said Tuesday its fiscal first-quarter profit rose nearly 38 percent on growing demand across its customer base, and boosted its revenue and profit expectations for the full fiscal year.
Summary Box: HP profit hurt by weak PC, ink sales
AP - PROFIT PINCHED: Hewlett-Packard Co.'s fiscal third-quarter profit fell 19 percent despite what the company described as improving conditions in the consumer personal computer market. HP's net profit was $1.64 billion, or 67 cents per share, versus $2.03 billion, or 80 cents per share, in the year-ago period.
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