NEW YORK - Shares of cosmetics companies followed Wall Street lower after lawmakers rejected a $700 billion emergency rescue plan for the banking industry.
The Dow Jones industrials sank more than 735 points as investors worried that the failure of the government's financial rescue plan in the House will exacerbate the current economic credit crisis.
The House of Representatives defeated the proposed rescue package 228-205, despite pleas from President Bush and bipartisan congressional leaders to help the slumping financial industry.
Shares of Revlon Inc. slipped 12 cents to $13.90, and shares of Liz Claiborne Inc. declined $1.29, or 7.8 percent, to $15.79.
Shares of Avon Products Inc. declined $1.66, or 4.1 percent, to $39.97, and shares of Estee Lauder Cos. slipped $2.36, or 4.6 percent, to $48.52.
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...
An international meeting has set new guidelines aimed at preventing tobacco companies from trying to influence national and global health policy....


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