Thursday, June 24, 2010

Stock slide deepens as bank capital deal reached

Date: Thu, 24 Jun 2010 12:00:56 -0400

STOCK SLIDE DEEPENS AS BANK CAPITAL DEAL REACHED
U.S. stocks slip Thursday, weighed by financials as investors brace
for legislators to wrap up negotiations on the financial overhaul bill
expected to be finalized Thursday.

IPHONE 4 DEBUTS WITH RENEWED CARRIER HOPES
As some lucky consumers start to receive their new iPhones in the mail
and others line up today at Apple Inc. stores, speculation has
returned that the company is talking about adding another carrier,
writes Therese Poletti.

AUSTRALIA'S GILLARD BECOMES PM, OUSTING RUDD
Australian Prime Minister Kevin Rudd steps down in favor his deputy
Julia Gillard, who will become the nation's first woman leader as her
Labor Party heads into a new election.

AUSTRALIA RESOURCE STOCKS CHEER NEW PRIME MINISTER
Shares of most resource names in Australia climb, with traders
optimistic that the nation's new prime minister will soften the blow
of a hefty proposed tax on miners' profits.

EUROPEAN SHARES LOWER AFTER FED'S CAUTIOUS VIEW
European shares edge lower in the first opportunity for Continental
investors to react to the Federal Reserve's more downbeat language on
economic growth.


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