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Wall Street drifts as data offsets bank fears

U.S. stocks rose modestly on Tuesday as a dividend hike at IBM and reassuring data that could signal a bottom in the economic cycle offset concerns that major banks may need to raise more money.

U.S. bank report, flu fears shake economy hopes

Anxiety over a global flu crisis and the health of some U.S. banks rattled hopes on Tuesday that the financial system was stabilizing, but U.S. and other data suggested confidence was returning to consumers.

U.S. lawmakers to examine swine flu response

U.S. lawmakers plan to take a closer look this week at the federal government's response to the swine flu outbreak that has sickened people in five states and killed dozens in Mexico.

Two more California students have swine flu

Two more students at a Sacramento-area school have been confirmed to have swine flu, health officials said on Monday, bringing to 13 the number of known cases in California.

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Airline shares fall again amid flu scare

Global airlines were warned on Tuesday of significant falls in traffic due to the outbreak of swine flu, and their shares took another hit on fears that the fallout could be at least as bad as that of the 2003 SARS crisis.

U.S. bank, flu fears chill economy hopes

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

CORRECTED: U.S. bank, flu fears chill economy hopes

Removes references in paragraph 2 to Citigroup needing billions of dollars in new capital

Stock futures lower on bank, global flu jitters

Stock futures pointed to a lower open on Tuesday as a report that Bank of America Corp and Citigroup Inc may need more capital revived fears about the stability of the struggling financial sector.

U.S. bank, flu fears chill stabilization hopes

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

Oil falls 2 percent towards $49 on flu, bank jitters

Oil prices extended losses on Tuesday, falling about 2 percent toward $49 a barrel after a report that Citigroup and Bank of America may need to raise more capital, renewing worries about the financial sector.

Oil extends losses, falls below $50 on flu fears

Oil prices extended losses and fell below $50 a barrel on Tuesday, as a rising death toll from a flu outbreak that started in Mexico fanned fears of a pandemic potentially hurting the world economy and air travel.

World Bank supports Mexico $205M to fight swine flu

The World Bank said today that it will provide Mexico with more than $205 million to fight the deadly swine flu which broke out last week.

Flu kills 149 in Mexico

Mexico said a new flu virus has killed up to 149 people and it ordered all schools to close across the country on Monday as the disease spread in the United States, Canada and Europe, raising fears of a pandemic.

Flu fears spur Wall St sell-off; futures fall late

U.S. stocks fell on Monday on concerns the spreading of a new strain of flu could dampen optimism about the economy, overshadowing a sweeping overhaul of General Motors Corp and gains in biotechnology stocks.

Flu fears spur Wall St sell-off

Mexico City rocked by a strong earthquake

Early Monday afternoon, a 5.6 magnitude earthquake shook Mexico City, sending residents into the streets who were already frightened by the latest swine flu outbreak.

Flu a windfall for some drugmakers, shares jump

The threat of a pandemic triggered by a new swine flu strain that has killed more than 100 people in Mexico will provide a windfall for some makers of drugs, vaccines and protective masks.

Wall Street falls as flu fears dampen economy hopes

Stocks fell on Monday as concerns that a possible global flu outbreak could dampen optimism about the economy overshadowed a cost-cutting plan from General Motors Corp and gains in biotechnology stocks.

Oil falls 4 percent as flu threatens air travel

Oil prices fell 4 percent on Monday on worries a flu outbreak in Mexico could become a pandemic and hurt the global economy and air travel.

Online 'blood plague' offers lessons for pandemics

In the dungeons of Zul'Gurub frequented by online game enthusiasts, a giant winged serpent called Hakkar the Soulflayer may offer important clues to epidemiologists trying to predict the impact of a pandemic.

Oil price slips as flu threatens air travel

Oil prices fell 1.5 percent on Monday on worries a flu outbreak in Mexico could become a pandemic, hurting the global economy and hindering air travel.

Wall Street up as GM, techs outweigh flu anxiety

Stocks edged up on Monday as a cost-cutting plan from General Motors Corp and a rebound in technology stocks offset fears that a possible global flu outbreak could delay an economic recovery.

Stocks lose ground after WHO comments

The S&P 500 and Nasdaq briefly turned lower on Monday, and the Dow Jones industrial average pared gains, after the World Health Organization commented on the swine flu outbreak.

Wall Street gains ground on defensives, 3M

Stocks recovered ground to turn positive on Monday as investors scooped up shares of defensive stocks in the wake of anxiety that a possible global flu outbreak could further hamper the world economy.

FACTBOX: Asia moves to ward off new virus

A continent that has battled deadly viruses such as the H5N1 bird flu and SARS in recent years, has been taking steps to ward off the new swine flu virus.

World animal health body says swine flu wrong name

The flu virus spreading around the world should not be called swine flu as it also contains avian and human components and no pig was found ill with the disease so far, the World Animal Health body said on Monday.