Wednesday, September 03, 2008

stocks finish mostly lower in face of economic jitters

Date: Wed, 03 Sep 2008 17:04:06 -0400
U.S. stocks finish mostly lower in face of economic jitters

U.S. stocks tumble into a third day after an upbeat report on the
manufacturing sector fails to offset worries about declining commodities
prices and the collapse of a hedge fund partly owned by Lehman
Brothers.

Ford posts steep sales drop, cuts production plans

Ford and General Motors post August U.S. vehicle declines in excess of
20% as consumers continue to recoil from still-high gas prices and the
housing slump.

McCain's economic plan aims for tax changes

Sen. John McCain has his work cut out for him in trying to sell voters
on his economic plan this week at the Republican National Convention and
in convincing fiscal conservatives that he breaks from his predecessor's
perceived free-spending ways.

Futures Movers: Oil futures extend their losing streak on demand
worries

Crude-oil futures extend their decline, pressured by worries about
slowing global demand for oil and strength in the U.S. dollar.

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