Wednesday, October 22, 2008
U.S. stocks hammered, fueled by worries of global slowdown
U.S. stocks hammered, fueled by worries of global slowdown
U.S. stock indexes are pummeled, with the major indexes down as much as
5%, as investors contend with a string of dispiriting earnings reports
and worries of global recession.
SanDisk shares touch 52-week low as Samsung pulls offer
SanDisk shares plunge as investors dump the chip maker after South
Korean electronics giant Samsung pulled its $26-a-share acquisition
offer.
AT&T profit rises, while iPhone sales surge
AT&T's third-quarter profit climbs 5.5%, with the company adding 2
million wireless customers.
Boeing's quarterly profit falls 37% on machinists' strike
Boeing Co. cites the strike called by machinists against at its
commercial-aircraft business as a key factor behind the aerospace
giant's third-quarter earnings drop of 37%.
McDonald's 'optimistic' as profit jumps 11%
McDonald's posts an 11% rise in third-quarter profit, helped by strong
sales both in the U.S. and abroad.
