19.96%SPY 79.52 
5.39%XLF 9.68 3.09%
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CHICAGO - Consumer electronic retailers saw their shares sink Monday after federal legislators rejected a $700 billion emergency rescue plan for the banking industry.
In a major setback, the House defeated the rescue package 228-205, despite urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Shares of Best Buy Co. Inc. fell $2.26, or 5.8 percent, to $36.86.
Meanwhile RadioShack Corp. saw its stock fall 20 cents, or 1.1 percent, to $17.65.
And Circuit City, which posted a hefty second-quarter loss on Monday, saw its shares slide 25 cents, or 18.3 percent, to $1.12.
The industry has seen sales slide as cost-conscious consumers rein in discretionary spending as the nation's economy freezes.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
Officials say German police carried out raids in three states searching for suspected supporters of a terror cell whose plans to attack U.S. targ...
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