Tech investors weigh in on HP
Hewlett-Packard’s investors woke up Friday to a 20%-plus loss after the tech giant announced drastic changes in its business strategy.
TSX firms as golds rally (Reuters)
Reuters – Toronto’s main stock market index firmed on Friday morning, following the previous session’s 3 percent drop, as fears of another U.S. recession and a financial crisis in Europe were offset by a jump in gold-mining shares as bullion prices hit a new high.
HP plummets 23% to six-year low
Shares of Hewlett-Packard tumbled Friday morning following the company’s announcement that it is seeking to spin-off its PC division and will kill off the hardware line it built around Palm’s webOS.
Stocks headed for more losses
U.S. stocks were headed for another day of losses Friday, as worries of a global slowdown and Europe’s debt crisis sparked a second sell-off in global markets.
World stocks plunge on growing recession fears (AP)
AP – Global stocks slid again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector.
Asia ends lower, Europe starts in the red
World stock markets fell Friday following a bruising selloff in global markets during the previous session. Asian stocks ended broadly lower, European stocks opened in the red and U.S.
Asian stocks sink on fresh fears of US recession (AP)
AP – Stock markets in Asia opened sharply lower Friday amid signs of a possible U.S. recession and renewed worries over the financial health of Europe’s banks
Asian markets fall as global selloff continues
Asian stock markets opened lower Friday following a bruising selloff in global markets during the previous session.
Wild week on Wall Street ends with subdued gains (Reuters)
Reuters – After one of the most volatile weeks in memory, stocks ended higher on Friday in a tentative sign that the worst of the selling may be over.
Wild week on Wall Street ends with subdued gains (Reuters)
Reuters – After one of the most volatile weeks in memory, stocks ended higher on Friday in a tentative sign that the worst of the selling may be over.