Removes references in paragraph 2 to Citigroup needing billions of dollars in new capital
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.
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 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 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.
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.
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.
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.
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.
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.
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.
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 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.
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 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.
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.
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.
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.
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.
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.
The prompt resolution of a 15-year old dispute over access to U.S. roads by Mexican trucks could be another casualty of the deadly swine flu outbreak, international trade experts said on Monday.
Stocks fell on Monday on anxiety that a possible global flu outbreak could derail the economy's efforts to climb out of a recession.