U.S. stocks shed opening gains after mixed jobs message

Date: Thu, 19 Jun 2008 12:03:31 -0400
U.S. stocks shed opening gains after mixed jobs message

U.S. stocks lapse into a third day of losses, with the Dow nearing the
12,000 level after surprisingly soft data on the business climate in the
Mid-Atlantic area stokes worries about the nation's economy.

Emerging Markets Report: China will hike retail gasoline prices by 17%

China, the world's second largest oil consumer, said Thursday that it
will increase retail energy prices, responding to the soaring cost of
oil and joining other Asian countries in reducing energy subsidies.

Aetna reaffirms view after Coventry's warning

Health insurer Aetna reaffirms its second-quarter and full-year profit
outlook on the heels of an earnings warning from one of its rivals.

British retail sales defy slowdown fears with May surge

British shoppers ignore a slumping housing market and signs of a sharply
slowing economy last month, instead sending retail sales volume soaring
by 3.5%, the Office for National Statistics reports.

Circuit City loss widens, to suspend dividend payments

Circuit City Stores Inc., which is exploring its strategic alternatives
following a buyout offer from Blockbuster Inc., says its quarterly loss
widens on lower sales of warranty services and increased clearance
sales.