U.S. stock declines deepen on Sentinel woes

11:46 am ET Aug 14, 2007

DJIA

13,101

-135.26

S&P

1,436

-16.64

NASDAQ

2,521

-21.09

10Yr

4.74%

-0.042

U.S. stock declines deepen on Sentinel woes

NEW YORK
U.S. stock losses accelerated Tuesday after reports Sentinel Management
Group sought to halt redemptions to money-market fund holders,
exacerbating worries about a liquidity crunch.

Trichet, others see banking system returning to normal

LONDON
After central banks rode to the rescue with billions in emergency
temporary loans last week, liquidity is returning to the global banking
system, European Central Bank President Jean-Claude Trichet and other
observers said Tuesday.

Wal-Mart stock drops after retailer cuts earnings forecast

CHICAGO
Wal-Mart Stores Inc. saw its shares drop more than 5% Tuesday after the
retailer said its earnings performance for the rest of the fiscal year
will face continuing pressure from global economic woes.

Home Depot profit drops 15%, backs full-year view

CHICAGO
Home Depot Inc. on Tuesday said second-quarter profit dropped nearly
15%, stung by weakness in the U.S. housing market, but the
home-improvement retailer backed its forecast for the year.

Mattel to recall more toys on lead paint, magnet concerns

NEW YORK
Mattel Inc., the world's largest toymaker, announced its second recall
this month, involving 18.6 million toys worldwide on magnet and lead
paint hazard concerns.