Money
Wall Street pulls back as financials fall (AP)
Wall Street retreated Monday after Fannie Mae and Freddie Mac fell to their lowest levels in nearly 20 years on concerns that the government might need to bail out the mortgage financiers.
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GM returns to employee pricing to lift sales (Reuters)
General Motors Corp , aiming to boost sagging sales, rolled out a major promotion for U.S. dealers on Monday that includes employee-level discounts on almost all the Chevrolet cars and trucks in it...
Lowe's beats 2Q estimates, despite profit drop (AP)
Repairs to drought-stricken flower beds and sales of freezers designed to hold bought-in-bulk food helped Lowe's Cos. Inc. post a better-than-expected second-quarter profit.
Oil prices fall below $113 as storm threat eases (AP)
Crude prices settled below $113 a barrel for the first time in over three months Monday as Tropical Storm Fay steered clear of oil-producing infrastructure in the Gulf of Mexico.
Ocean platform could take 20 pct of US oil imports (AP)
Three companies plan to build an oil terminal and pipeline network off the Texas Gulf Coast capable of handling nearly 20 percent of the nation's daily imported oil.
Earnings Outlook Worsens, Adding to Investor Worries (CNBC)
While second-quarter earnings may have cheered investors, the darkening outlook for the third quarter may crash the party.
Last Call: Washington Mutual shares drop (AP)
Washington Mutual Inc. shares dove Monday as investors once again fled financial stocks, leading to big losses in the broader market, on concerns over the health of the sector.
Motorola shares slip in light trading (AP)
Shares of wireless handset maker Motorola Inc. slipped Monday in lighter-than-average trading. Schaumburg, Ill.-based Motorola's stock gave back a Friday gain -- and then some -- in afternoon tradi...
Financial Winners & Losers: Fannie Mae (TheStreet.com)
Shares plunged for government-sponsored mortgage giants Fannie Mae and Freddie Mac, as new concerns about a possible bailout emerged.
Wachovia shares fall as capital concerns persist (AP)
Shares of Wachovia Corp. fell Monday on continued concerns over the bank's capital levels following its agreement to buy back $8.5 billion in auction-rate securities.
Slower global demand could hurt Dell, HP (Reuters)
Fears that emerging market demand for Dell Inc and Hewlett-Packard Co technology products will slow and that the U.S. dollar will strengthen in the remainder of the year may overshadow earnings in ...
Options Traders Take Advantage of a Zig-Zag Market (RealMoney by TheStreet.com)
Traders are using volatility to make plays on uncertainty in financials and oils.
Earnings roundup: First Marblehead, Michael Page (AP)
Student lender First Marblehead Corp. said Monday it swung to a loss in both the fourth quarter and fiscal 2008. LONDON -- British recruitment company Michael Page International PLC said Monday tha...
SanDisk shares drop as takeover rumors discounted (AP)
Shares of computer memory card maker SanDisk Corp. dropped sharply Monday as analysts discounted rumors of a takeover by hard-drive maker Seagate Technology.
'Liar loans' threaten to prolong mortgage crisis (AP)
In the mortgage industry, they are called "liar loans" -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for...
Trading Where the Action Is! (TradingMarkets.com)
Stocks were pulling back at midday to start the trading week. SanDisk is retreating after last week's buyout rumors and Yahoo is down more than 3%.
SoCal home prices fall in July, sales up (AP)
Southern California home prices fell 31.1 percent in July from last year, with bargain hunters snapping up foreclosed properties and sending overall sales to a 16-month high, a research firm said M...
Home builders stay grim in August (Reuters)
Home builder sentiment was stuck at a record low in August, as stringent lending and a flood of foreclosed homes dragged on the real estate market, according to data from the National Association o...
Bailout concerns slam Freddie, Fannie shares (Reuters)
Investors dumped shares of Fannie Mae and Freddie Mac on Monday after Barron's reported the increasing likelihood of a U.S. Treasury bailout that would approach nationalization of the two housing f...
Look for Dividends You Can Count On (RealMoney by TheStreet.com)
When the underlying business is solid, a dividend can make a big difference.
