U.S. stocks in broad slide as economic worries mount

Date: Wed, 26 Mar 2008 16:01:03 (GMT)

U.S. stocks in broad slide as economic worries mount

U.S. stocks tumble as an unexpected slide in February factory orders
reignites worries about the economy and news that a buyout of Clear
Channel Communications Inc. might be in jeopardy also weighs on
sentiment.

Economic Report: Demand for durable goods falls 1.7% in Feb.

Demand for machinery and other capital goods sank in February, driving
orders for durable goods down 1.7%, the Commerce Department reports.

Economic Report: New-home sales fall to 13-year low in February

Sales of new homes in the United States fell to a 13-year low in
February, dropping 1.3% to a seasonally adjusted annual rate of 590,000,
the Commerce Department estimates.

Ford to sell Jaguar Land Rover to India's Tata for $2.3 billion

Ford Motor Co. agreed to sell its Jaguar Land Rover operations to
India's Tata Motors for $2.3 billion and will contribute as much as
$600 million to the unit's pension plan.

Motorola plans to split in two; Icahn said not a factor in move

Motorola Inc. said its board of directors has approved a plan to break
the conglomerate into two independent, publicly traded companies in the
face of growing pressure to shore up its ailing stock price.