Stocks tumble as data signal recession

Date: Tue, 05 Feb 2008 22:06:08 (GMT)

Stocks tumble as data signal recession

Stocks plunge, with the Dow industrials tumbling to their biggest drop
in nearly a year, after a key service sector gauge contracted in January
-- possibly signaling that the U.S. economy is already in recession.

Rex Nutting: The audacity of identity politics
Labeling voters with one word, pretending that it fully describes them,
is not only lazy, but dangerous. It can force people who might have many
things in common to think only of their differences.

Voters go to the polls on high-stakes Super Tuesday

WASHINGTON
Americans were casting votes in 24 separate primaries and caucuses on
Tuesday as the race for the Democratic nomination looked extremely tight
and Sen. John McCain held an edge in the Republican contest.

Economic Report: U.S. ISM services-sector index plunges in January

The non-manufacturing side of the U.S. economy, which had been the
firmest pillar of the economic expansion, buckles in January, new data
show. The ISM non-manufacturing index fell to a reading of 41.9% last
month, down from 54.4% in December. It was the lowest level since
October 2001. Readings below 50% indicate most firms are contracting.
Economists called it the clearest signal to date of a recession.

Apple increases memory for iPhone, iPod touch

Apple has expanded its iPhone and iPod touch product lines by adding new
devices that double the memory of the previous models.