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Wall Street falls as Wal-Mart eclipses Obama

NEW YORK, Jan. 8, 2009 (Reuters) — Stocks fell for a second straight day on Thursday as Wal-Mart's disappointing December sales and lowered earnings outlook fueled concern the recession may be worsening, pinching consumers' wallets further. ...  > full story

European pessimism grows as U.S. retail disappoints

NEW YORK/LONDON, Jan. 8, 2009 (Reuters) — Economic weakness in Europe worsened and disappointing sales from Wal-Mart, the world's largest retailer, knocked financial markets lower on Thursday, strengthening the case for government stimulus and new rate cuts. ...  > full story

Oil drops 3 percent on economic gloom

NEW YORK, Jan. 8, 2009 (Reuters) — Oil fell 3 percent on Thursday as deepening economic gloom and soaring crude inventories in the United States eclipsed geopolitical tensions that have put world supplies at risk. ...  > full story

Chrysler to idle plants, pressure builds for aid

DETROIT/WASHINGTON, Dec. 18, 2008 (Reuters) — Chrysler LLC said on Wednesday that it would halt factory operations for at least a month, putting new pressure on the Bush administration to quickly help cash-strapped automakers. ...  > full story

Sony shares slide after restructuring plans

TOKYO, Dec. 9, 2008 (Reuters) — Shares in Sony Corp fell 1 percent on Wednesday after the company said it aims to cut $1.1 billion in costs in its struggling electronics operations through job cuts and other restructuring measures. ...  > full story

Electronics Arts cuts outlook on weak holiday sales

NEW YORK, Dec. 9, 2008 (Reuters) — Electronic Arts Inc warned its fiscal 2009 profit and revenue will fall short of already-low forecasts due to disappointing holiday sales of its video games in North America and Europe. ...  > full story
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