Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday after the White
House dropped a threatened veto, paving the way for passage of
measures aimed at shoring up the worst U.S. home market since
the Great Depression.
Reuters - Amazon.com Inc said on
Wednesday quarterly profit doubled and sales grew 41 percent,
indicating to Wall Street that many cost-conscious shoppers are
heading online to save money in a tough economy.
Reuters - SemGroup LP, an Oklahoma-based oil
trading services company, on Wednesday said it received
approval from the Bankruptcy Court for its initial motions
related to its bankruptcy.
Reuters - (Reuters) Futures for the S&P were down 0.3 percent, for
the Dow Jones industrial average down 0.2 percent and
for the Nasdaq up 0.3 percent at 0940 GMT (5:40 a.m.
EDT).
Reuters - Microsoft Corp said on
Wednesday that Kevin Johnson, who as president of Microsoft's
largest business division spearheaded the company's pursuit of
Yahoo Inc , is leaving the software maker.
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday.
Investor's Business Daily - The Mortgage Bankers Assoc.'s mortgage applications index fell 6.2% in the week ended July 18 to 489.6 as 30-year mortgage rates rose 0.37 point 15 6.59%, the highest in a year. The purchase index fell 6.7% to 335.6 and the refi index fell 5.6% to 1392.7. Financial turmoil has caused interest rates to rise while soaring home-loan defaults have forced banks to curb credit, deepening the housing slump.
Reuters - RadioShack Corp posted a lower
net quarterly profit on Thursday, as the electronics retailer
took a charge tied to its corporate headquarters' lease, and
noted that the economic environment "continues to be
challenging."
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