15 seconds ago 2009-12-08T15:15:03-08:00
Business
AP
Stock market drops as dollar strengthens
AP – 13 mins agoNEW YORK – Investors sought safety Tuesday as concerns about spiraling debt loads and disappointing corporate reports tarnished hopes for an economic recovery. Full Story »
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U.S. online holiday spending up 3 percent: comScore
Reuters – 1 hr 59 mins agoSAN FRANCISCO (Reuters) - U.S. online holiday spending has risen 3 percent this holiday season, but shopping online slowed over the weekend after the special deals and discounts offered by retailers on Cyber Monday ended, analytics firm comScore Inc said on Tuesday. Full Story »
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GE Capital outlook improving, losses to continue
AP – 1 hr 13 mins agoWASHINGTON - General Electric Co. says profits at its lending arm will start improving by 2011, but first it will have to slog through another year of big losses on loans gone bad in areas like commercial real estate. Full Story »
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Texas Instruments raises 4Q profit, sales targets
AP – 8 mins agoDALLAS - Texas Instruments Inc. raised its fourth-quarter profit and sales outlook on Tuesday, citing an improving market for chips used in cell phones and other electronic gadgets like hard disk drives and video game consoles. Full Story »
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European stocks drop in morning trade
AFP – Tue Dec 8, 7:00 am ETLONDON (AFP) - Europe's main stock markets fell on Tuesday as the strength of US recovery was downplayed and after Tokyo's benchmark shares index closes lower for the first time in seven sessions. Full Story »
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GE chief hopes Copenhagen leads to US clean energy
AP – Tue Dec 8, 3:19 pm ETGREENVILLE, S.C. - General Electric CEO Jeffrey Immelt said Tuesday he hopes the Copenhagen conference on climate change leads the United States to develop a green energy policy to grow the economy. Full Story »
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SAIC 3rd-quarter profit rises to $135 million
AP – 3 mins agoMCLEAN, Va. - Engineering company SAIC Inc. said Tuesday its third-quarter profit rose on higher revenue and cost cuts, but warned that next year's earnings per share will fall at the low end of the company's target range. Full Story »
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FTSE 100 down 0.49%
AFP – Tue Dec 8, 4:40 am ETLONDON (AFP) - The leading share index slid backwards on Tuesday losing 0.49 percent to stand at 5,284.61 points. Full Story »
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JPMorgan sees consumer losses rising
Reuters – 1 hr 20 mins agoNEW YORK (Reuters) - JPMorgan Chase & Co sees additional losses on credit cards and home loans next year although there are some signs the rate of losses is settling and it may not need to build credit reserves much further, Chief Executive Jamie Dimon said on Tuesday. Full Story »
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Retailers to get final credit card lawsuit payment
AP – 10 mins agoNEW YORK - More than 600,000 businesses across the country are getting an early Christmas present. Full Story »
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Dubai World loses control of New York hotel
AP – 33 mins agoNEW YORK - Dubai World's investment arm, Istithmar, lost ownership of the W Union Square New York hotel in a foreclosure auction Tuesday. Full Story »
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Crude prices fall for fifth straight day
AP – Tue Dec 8, 3:10 pm ETNEW YORK - Oil prices dipped below $73 a barrel Tuesday on a stronger dollar and a slew of economic data that did not indicate a quick rebound in demand from big energy users or from consumers. Full Story »
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Lawmakers impatient with Obama mortgage plan
AP – 2 hrs 9 mins agoWASHINGTON - Only one in three homeowners who have signed up for the Obama administration's mortgage relief plan have sent back the necessary paperwork, highlighting continuing problems for the government's effort to stem the foreclosure crisis. Full Story »
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Five accused of preying on distressed homeowners
Reuters – 1 hr 3 mins agoPHILADELPHIA (Reuters) - A federal grand jury on Tuesday accused five people of preying on homeowners faced with foreclosure by providing them with fraudulent new mortgages and pocketing the proceeds. Full Story »
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World News
Wave of coordinated attacks in Iraq kills 127
AP – 49 mins agoA suicide car bomb flattened a court building and an explosives-rigged ambulance blew down walls like dominos near the Finance Ministry during a wave of coordinated attacks Tuesday that targeted high-profile symbols of Iraqi authority. At least 127 people were killed. Full Story »
Technology News
How fake sites trick search engines to hit the top
AP – 2 hrs 40 mins agoEven search engines can get suckered by Internet scams. Full Story »
Science News
Hubble spies never-before-seen galaxies
AP – 8 mins agoThe refurbished Hubble Space Telescope has spotted the oldest galaxies yet, scientists reported Tuesday. Full Story »
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