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Giving investors further reason

admin — Fri, 16 Nov 2007 21:41:31 +0000

Giving investors further reason for worry, FedEx Corp. lowered its earnings expectations for the fiscal second quarter and full year and Starbucks Corp. slashed its earnings forecast for the fourth quarter after it reported traffic at stores open at least 13 months dropped by 1 percent.

But tech stocks fared better. Investors have at times viewed technology companies as likely to fare better during an economic downturn than some groups such as retailers. Cisco Systems Inc., the world’s largest network equipment company

Financial stocks fell, to a Fortune

admin — Fri, 16 Nov 2007 21:34:41 +0000

Financial stocks fell, partly due to a Fortune story that raised the possibility the mortgage lender could be masking the true magnitude of credit-related hits to its profits. Fannie Mae executives, in a conference call with Wall Street analysts, defended a change in the way the largest U.S. buyer and backer of home loans calculates losses on home loans.

Giving investors further reason for worry, FedEx Corp. lowered its earnings expectations for the fiscal second quarter and full year and Starbucks Corp.

Wall Street Ends Session Higher

admin — Fri, 16 Nov 2007 21:31:30 +0000

Stocks began Friday’s session having fallen in six of the prior seven sessions as investors have fretted about whether consumers would succ umb to higher energy prices, rising mortgage costs and an anemic dollar.

Continuing credit turmoil
Stirred concerns
Soundness of corporate

A sharp rally Tuesday was largely undone by subsequent pullbacks; on Friday, the market appeared headed to another down day before the major indexes, which had flip-flopped all day, turned higher in the last half-hour.

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admin — Fri, 16 Nov 2007 21:11:27 +0000

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