Tuesday, January 15, 2008

U.S. stocks end at lowest levels so far for 2008

Date: Tue, 15 Jan 2008 22:01:04 (GMT)

U.S. stocks end at lowest levels so far for 2008

U.S. stocks on Tuesday afternoon plunged to session lows after dismal
December retail sales heightened anxieties about the economy and raised
questions about the Federal Reserve's ability to stem the damage.

Apple debuts ultrathin laptop, movie-rental service at Macworld

Apple Inc. lifted the wraps Tuesday on a new ultrathin laptop computer
and a movie-rental service that will work through the company's iTunes
online store.

Rough sketch of a post-merger Delta Air Lines arises

As Delta reportedly begins merger talks with a pair of rivals, industry
analysts say a rough image is starting to emerge of what such a tie-up
could look like.

Merrill Lynch, Citigroup scour the globe for cash
Wall Street's worldwide tour, which could be called Bailout '08,
continued as two of the nation's largest financial-services firms
announced investments from everyone from the Kuwaitis to a New Jersey
investment fund.

Economic Report: Retail sales fall 0.4% in December
In another sign of a weakening economy, retail sales ended the year on a
sour note, dropping 0.4% in December, the Commerce Department reported
Tuesday.

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