U.S. stock indexes lower on cautious corporate outlooks

Date: Tue, 21 Oct 2008 12:04:04 -0400
U.S. stock indexes lower on cautious corporate outlooks

U.S. stocks scale back an opening slide after disappointing earnings
reports and bleak forecasts from chip maker Texas Instruments Inc. and
chemical giant DuPont hammer the markets.

Yahoo expected to see earnings drop; Street watching for layoffs

Yahoo is expected to report fiscal third-quarter financial results as
analysts and investors question its ability to weather the financial
downturn without cutbacks.

Sun shares hammered following wide loss forecast

Sun Microsystems Inc. shares tumbled as much as 15% Tuesday following
the company's announcement it will swing to a first-quarter loss and
comments about the weakening economy affecting its business.

TI shares drop as disappointing forecast prompts downgrades

Shares of Texas Instruments Inc. fell sharply Tuesday morning after the
chip maker reported a 26% drop in third-quarter net profit and the
company's chief executive warned that consumers and corporations were
pulling back on spending "in this uncertain economy."

Treasury's Paulson tells banks to lend new government capital

Banks receiving investments from the government will be expected to loan
out the money to help revive liquidity in the credit market, Treasury
Secretary Henry Paulson says.