U.S. stocks fall on economic, earnings concerns

Date: Wed, 09 Apr 2008 21:01:04 (GMT)

U.S. stocks fall on economic, earnings concerns

U.S. stocks close in the red, with a lower outlook from shipper UPS and
crude prices topping $112 a barrel fueling concerns about the economy
and earnings.

Futures Movers: Crude hits new intraday, closing highs as inventories
fall

Crude-oil futures rally more than $2 to end at a record closing price of
$110.87 a barrel as government data show a surprising drop in U.S.
inventories.

Protesters gather for San Francisco torch run

Throngs of protesters gather in San Francisco in anticipation of the
running of the Olympic torch, a flash point for controversy that's
sparked violent demonstrations in other cities.

American cancels over 1,000 flights for safety checks

American Airlines cancels more than 1,000 flights, mostly at its hubs in
Dallas and Chicago, as the airline conducts more inspections of its
fleet of MD-80 jets.

Under pressure, lawmakers craft aid plan for troubled homeowners

In an effort to let more struggling borrowers keep their homes and
prevent defaults on unaffordable home loans, the Bush administration is
expanding a federal program to allow more homeowners to refinance
mortgages.