Asian stocks slipped for a second day on Tuesday on worries about the potential economic fallout from the swine virus outbreak, even as investor reaction remained limited due to uncertainty about the full impact.
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.
Wall Street looked set for a drop of more than 1 percent at the open on Monday as investors worried that a possible global flu outbreak could throw a wrench into the economy's ability to climb out of a recession.
Stock futures pointed to a more than 1 percent drop at the open on Monday as investors worried that a possible global flu outbreak could throw a wrench into the economy's ability to climb out of a recession.
Stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.
Societe Generale denied on Monday a newspaper report that it wrote down 5 billion euros ($6.6 billion) in assets last year as a result of trading at a unit and was left with a similar amount of toxic products.
U.S. stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.
U.S. stock index futures traded lower, suggesting a weaker start for Wall Street later on Monday as worries linked to a global swine flu outbreak added to U.S. bank stress-test jitters.
The number of newly laid off U.S. workers filing claims for unemployment aid rose last week and sales of previously owned homes fell in March, according to data on Thursday that showed the economy still sliding downward.
United Parcel Service Inc reported Tuesday that its first quarter profit plunged 56 percent, with results coming in below the average of analysts’ estimates.
United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.
United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.
Toyota Motor Corp said on Thursday its group-wide sales fell 27 percent to 1.767 million vehicles in the first quarter of 2009, keeping it ahead of Volkswagen AG as the world's top-selling carmaker.
Business software maker VMware Inc warned that its revenue would dramatically miss Wall Street forecasts due to the weak economy and a new product launch, sending its shares down 14 percent.
Roche Acquired drug Avastin fails cancer study, shares fall
Shares of Roche Holding’s were slammed Tuesday after its acquired Genentech Avastin drug for cancer failed study in an effort to lower the risk of the colon- cancer.
Wall Street was poised for a lower open on Wednesday as investors took in a slew of mixed results from major companies and a quarterly loss from Morgan Stanley increased jitters over the financial sector.
Morgan Stanley posted its second straight quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a charge from the improving value of it own debt wiped out gains in its trading businesses.
Morgan Stanley reported on Wednesday first-quarter net revenue of $3.0 billion and a net loss of $0.57 per diluted share. The bank's shares fell 4.1 percent before market open.
AT&T Inc posted a decline in quarterly profit on Wednesday but beat Wall Street estimates as growth in wireless and video services helped offset declines in its traditional telephone business.
Cancer drug Avastin -- a key Genentech asset now wholly owned by Roche Holding AG -- has failed in a major study to prevent the recurrence of colon cancer in patients who have undergone surgery.
Capital One Financial Corp , a leading issuer of MasterCard and Visa credit cards, reported a first-quarter loss on Tuesday, hurt by growing credit losses, and higher provisions for bad loans.
The New York Times Co reported a quarterly loss on Tuesday because of a 27 percent drop in advertising revenue and poor performance at The Boston Globe, which might close this year.
