Business News: U.S. stocks fall after inflation data; oil back above $64
Business News: 11:40 am ET Sep 19, 2006
DJIA 11,511 -43.86
NASDAQ 2,218 -16.86
10Yr 4.75% -0.061
U.S. stocks fall after inflation data; oil back above $64
NEW YORK -- U.S. stocks fell Tuesday as some investors chose to lock in
profits after a strong run-up in the market since the start of
September, with the latest producer-price report merely serving to
confirm consumer price data last week that showed inflation under
control.
-----------------------------
Economic Report: U.S. PPI tame in August; core rate down for second
month
WASHINGTON -- U.S. wholesale prices were remarkably tame in August, and
gives increased comfort to financial markets that the Federal Reserve
could hold rates through the end of the year.
------------------------------
Economic Report: Housing starts fall 6% to 3-year low in August
WASHINGTON -- New construction on U.S. homes was weaker than expected in
August, calling into question the orderly economic slowdown envisioned
by the Federal Reserve.
--------------------------------
Motorola acquiring Symbol Technologies for $15 a share
WASHINGTON -- Motorola Inc. said Tuesday it has agreed to pay $3.9
billion in cash to acquire Symbol Technologies Inc., a developer of
business-oriented wireless products such as handheld barcode scanners.
---------------------------------
Chrysler slashes shipments, market share view
LONDON -- DaimlerChrysler said Tuesday it's planning to ship 135,000
fewer Chrysler vehicles in the second half of the year than it first
planned because of waning consumer interest in its truck and
sport-utility vehicles and in a bid to better align dealer inventories
with customer demands.
0 Comments:
Post a Comment
<< Home