WASHINGTON COMPANIES - Wall Street is expected to open lower after weak profits from - Newark Star-Ledger WASHINGTON COMPANIES - Wall Street is expected to open lower after weak profits from - Newark Star-Ledger

Thursday, January 29, 2009

WASHINGTON COMPANIES - Wall Street is expected to open lower after weak profits from - Newark Star-Ledger

Wall Street turned cautious today 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 hopes the in BUSINESS NEWS >

LONDON, Jan 29 (Reuters) - European shares closed lower on Thursday as a relief rally for banks came to an abrupt end, drugmaker AstraZeneca 's results failed to impress, and further evidence of worldwide economic weakness emerged. The FTSEurofirst in BUSINESS NEWS >

Jan. 29 (Bloomberg) -- A former employee of accused Ponzi scheme mastermind Bernard Madoff ’s investment firm asked a judge to keep him from being stuck with a bill for more than $58,000 for a 2009 Mercedes S500-4 once used by his ex-boss. Craig in BUSINESS NEWS >

TORONTO - Profit taking hit North American stock indexes this morning as soft earnings news and dismal economic data broke a string of advances. The financial sector was the leading loser as Toronto's S&P/TSX composite index dropped 116.3 points to 8 in BUSINESS NEWS >

SAN FRANCISCO (MarketWatch) -- Allstate Corp. shares slumped 20% Thursday after the giant auto insurer reported a bigger-than-expected quarterly net loss on $1.9 billion of investment losses. Standard & Poor's Ratings Services downgraded the company in BUSINESS NEWS >

BOSTON, Jan 29 (Reuters) - Money manager T. Rowe Price Group Inc ( TROW.O ) posted an 87 percent drop in quarterly profit on Thursday, hurt by investment writedowns, asset depreciation and its first fund outflows in more than seven years, pushing its in BUSINESS NEWS >

Shares of Chico's FAS Inc. fell on Thursday, after the women's apparel retailer said in a filing its Chico's brand president left. Shares fell 29 cents, or 6.7 percent, to $4.04 during midday trading. The stock has traded between $1.72 and $10.92 in BUSINESS NEWS >

NEW YORK (Reuters) - The yen and dollar rose on Thursday as more bleak U.S. economic data and falling share prices kept investors wary of risk even as countries embraced further monetary and fiscal stimulus to boost economic growth. The failing in BUSINESS NEWS >

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