Thursday, March 06, 2008
U.S. stocks slide as credid woes spread
U.S. stocks slide as credid woes spread
U.S. stocks close lower for a fifth session in six, falling sharply on
on more bleak news from the financial sector, including word of a
default at mortgage lender Thornburg Mortgage and news Merrill Lynch &
Co. is opting out of the subprime mortgage market.
De-leveraging rolls across markets, hitting 'safer' mortgages
The de-leveraging of the financial system picked up steam and entered
new markets Thursday as more big investors were hit by margin calls.
Apple's iPhone 'push' challenges RIM's BlackBerry
Apple Inc. says its popular iPhone device will have so-called "push"
email and other features designed to help it compete directly with
Research In Motion Ltd.'s BlackBerry for business customers.
Futures Movers: Crude futures close above $105 a barrel for first time
Crude-oil futures close above $105 a barrel for the first time, after
hitting a record high of $105.97 earlier in the session.
Economic Report: Americans poorer than a year ago, Fed says
Considering the impact of higher prices, a bigger debt burden and
sagging home prices, Americans were poorer at the end of 2007 than they
were the year before.
