State Street shares cut in half after company outlines new risks

Date: Tue, 20 Jan 2009 12:01:12 -0500

State Street shares cut in half after company outlines new risks

State Street Corp.'s stock falls 50% on Tuesday on concerns the
company may have to bring troubled investment vehicles onto its
balance sheet, a move that could force it to raise capital and
potentially dilute shareholders.

MOVERS & SHAKERS: TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS

Big movers in U.S. trade include Citi, Noble Energy and State Street.
OBAMA TO BE SWORN IN AS 44TH PRESIDENT ON HISTORIC DAY

Capping a history-making run for the White House, President-elect
Barack Obama will take the oath of office at noon on Tuesday and
become the first African-American president of the United States
before a massive crowd in the nation's capital.

FUTURES MOVERS: OIL SWINGS AS FRONT-MONTH CONTRACT EXPIRES

Crude-oil futures swing between gains and losses, as investors make
last-minute trading decisions before the front-month contract expires
later today.

MEXICO'S SLIM TO INVEST $250 MILLION IN NEW YORK TIMES

New York Times Co. reached an agreement under which companies backed
by the Mexican telecom investor Carlos Slim will invest $250 million
and could boost their holding, helping the New York media company
reduce its debt and strengthen its finances.