PHOENIX COMPANIES - Stocks signal lower open on worries about earnings - Associated Press PHOENIX COMPANIES - Stocks signal lower open on worries about earnings - Associated Press

Thursday, January 29, 2009

PHOENIX COMPANIES - Stocks signal lower open on worries about earnings - Associated Press

NEW YORK (AP) -- Wall Street turned cautious Thursday as weak profit reports from a range of companies offered the latest evidence of the economy's toll on business. Stock futures signaled Wall Street was set to open lower after stocks soared in Dow Jones News >

Royal Dutch Shell PLC, Europe's largest oil company, said Thursday it swung to a net loss of $2.81 billion in the fourth quarter, hurt by the sharp fall in oil prices and writedowns on inventory. In the same period a year earlier, Shell had made a $8 in Dow Jones News >

WASHINGTON — White House press secretary Robert Gibbs on Wednesday called President Barack Obama’s ethics rules the most stringent ever, despite the high-level appointments of former lobbyists to key jobs in recent days. Gibbs said granting a in Dow Jones News >

VIENNA, Austria (AP) - Rising crude inventories and a dismal global economic outlook dragged oil prices below $42 a barrel Thursday, despite some hope that a massive U.S. stimulus package will revive growth and consumer demand. The U.S. House of in Dow Jones News >

More on The Market Story Fed News Helps Markets, Financials Rally Stocks Like What Fed Has to Say Markets Open Higher on 'Bad Bank' Hopes Stock Futures in U.S. Point to Gains Markets Manage Modest Gain on Mixed Earnings Futures Point Higher as in Dow Jones News >

NEW YORK - Wall Street turned cautious Thursday as weak profit reports from a range of companies offered the latest evidence of the economy's toll on business. Stock futures signaled Wall Street was set to open lower after stocks soared Wednesday on in Dow Jones News >

CHICAGO, Jan 29 (Reuters) - Orthopedic device maker Zimmer Holdings Inc ( ZMH.N ) posted a lower quarterly profit, above Wall Street's forecast, as sales declined. The Warsaw, Indiana-based company said net income fell to $167.5 million, or 75 cents in Dow Jones News >

NEW YORK — The optimism is building on Wall Street. Financial stocks led Wall Street sharply higher Wednesday on investor hopes the Obama administration will create banks to absorb the bad assets weighing down the financial system. The Standard in Dow Jones News >

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