Wall Street tumbles on global recovery concerns
Stocks fell broadly on Monday as ongoing concerns about the speed of a global economic recovery were compounded by data from Japan, which showed that while the world's No.2 economy returned to growth, the recovery may be shaky. Read Full Article here.
Fed, Treasury extend TALF to mid-2010 for CMBS
The Federal Reserve said on Monday it was extending to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market. Read Full Article here.
CIT completes debt tender, buys time to restructure
CIT Group Inc said on Monday it completed its tender offer for $1 billion in debt maturing today, buying the company more time to attempt to restructure its debt and stave off bankruptcy. Read Full Article here.
N.Y. manufacturing growth emerges in August
A gauge of the New York state factory sector showed growth for the first time since April 2008, signaling manufacturers could lead the U.S. economy out of the worst downturn in 70 years. Read Full Article here.
Dell developing mobile devices for China Mobile
Computer maker Dell Inc is developing mobile devices for China Mobile Ltd, according to a spokesman for Dell, which has long been rumored to have ambitions in the advanced phone market. Read Full Article here.
Lowe's gives dismal quarterly outlook
Lowe's Cos posted a 19 percent drop in quarterly profit on Monday and forecast current-quarter earnings below Wall Street estimates as consumers put off big home projects, sending its shares down more than 8 percent. Read Full Article here.
IBM uses DNA to make next-gen microchips
International Business Machines Corp is looking to the building blocks of our bodies -- DNA -- to be the structure of next-generation microchips. Read Full Article here.