Reuters – European stocks are slated for another fall on Friday after Asian stocks slumped on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
Asian stock markets opened lower Friday following a bruising selloff in global markets during the previous session.
Reuters – Rising fears of another recession hammered U.S.
AP – Hewlett-Packard Co. reported an increase in its third-quarter net income on Thursday, but the technology company gave a lower-than-expected outlook for the current quarter and cut its outlook for the year for the second time.
AP – Hewlett-Packard Co. reported an increase in its third-quarter net income on Thursday, but the technology company gave a lower-than-expected outlook for the current quarter and cut its outlook for the year for the second time.
AP – Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global sell-off in stocks.
AP – The Dow Jones industrial average fell 419 points Thursday, but that was only part of the story on a head-spinning day in the financial markets. Here’s a quick guide to what moved and why.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30. That compares with $234 million, or 36 cents per share, a year ago.
AP – PROFIT PLUNGE: Gap earned $189 million, or 35 cents per share, in the quarter ended July 30. That compares with $234 million, or 36 cents per share, a year ago.
