Yahoo! News: BusinessBusinessMarket ends lower on consumer data, UPS warning (Reuters)- June 24, 2008 Reuters - Stocks slipped on Tuesday on concerns about the economy after a report showed consumer confidence hit a 16-year low and a profit warning from United Parcel Service .http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/m... Circuit City may have several bidders: investor (Reuters)- June 24, 2008 Reuters - Retailer Circuit City Stores Inc has received buyout interest from several strategic and financial bidders, including movie-rental company Blockbuster Inc , and a sales agreement could be announced over the next month, an institutional investor said on Tuesday.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/c... Consumer confidence sinks to 16-year-plus low (AP)- June 24, 2008 AP - U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level since 1992. Consumers' view of the economic future has never been lower, raising worries that already weak consumer spending could deteriorate further.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20080624/ap_on_b... Circuit City deal may be announced in weeks (Reuters)- June 24, 2008 Reuters - Retailer Circuit City Stores has received buyout interest from several potential strategic and financial bidders, including movie-rental company Blockbuster Inc , and a sale agreement could be announced over the next month, an investor said on Tuesday.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/c... UPS shares at 4 12-year low after profit warning (Reuters)- June 24, 2008 Reuters - United Parcel Service Inc shares fell 4.6 percent on Tuesday to their lowest point since late 2003, the morning after the world's largest package-delivery company cut its second-quarter profit outlook citing high fuel costs and a weak U.S. economy.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/u... BlackRock sees global slowdown worsening in 2009 (Reuters)- June 24, 2008 Reuters - BlackRock Inc's president said on Tuesday the money management firm is bracing for a "much bigger" global economic slowdown, but said financial market declines have created some of the best buying opportunities ever for fixed-income money managers.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/b... Profits seen off more than 10 percent (Reuters)- June 24, 2008 Reuters - The U.S. corporate profit outlook is deteriorating rapidly, with S&P 500 earnings for the second quarter now seen falling at a double-digit pace from a year earlier, according to Thomson Reuters Proprietary Research released on Tuesday.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080624/bs_nm/u... European shares slump (AFP)- June 24, 2008 AFP - Europe's main stock markets slid on Tuesday as oil prices shot higher toward record highs.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20080624/bs_afp... Economy - Thursday (Investor's Business Daily)- June 19, 2008 Investor's Business Daily - The benchmark 30-year fixed-rate mortgage rose 10 basis points this week to 6.42% on growing inflation concerns, mortgage backer Freddie Mac said. That's the highest rate since Sept. 6. The 15-year fixed-rate home loan averaged 6.02%, up 9 basis points. The 1-year Treasury-indexed adjustable rate rose 10 basis points to 5.19%. Rising rates have been cooling mortgage applications, another problem for the weak housing market.http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ibd/20080619/bs_ibd... |