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Economic fears send US stocks tumbling

The Dow Jones Industrial Average tumbled 268.37 points (2.61 per cent) to end at 10,002.18, after a brief dip below 10,000 for the first time since November. The tech-heavy Nasdaq composite dropped a hefty 65.48 points (2.99 points) to 2125.43 and the broad-market Standard & Poor's

Economic fears send US stocks tumbling

The Dow Jones Industrial Average tumbled 268.37 points (2.61 percent) to end at 10,002.18, its lowest level since November, after a brief dip below 10,000 points. The tech-heavy Nasdaq composite dropped a hefty 65.48 points (2.99 points) to 2,125.43 and the broad-market Standard & Poor's

Corporate Credit Risk Jumps as Sovereign Debt Woes Accelerate - Bloomberg.com

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Credit-default swaps on the Markit CDX North America Investment-Grade Index, which is linked to 125 companies and used to speculate on creditworthiness or to hedge against losses, climbed the most in almost two weeks. In London, the Markit iTraxx Europe index rose to the highest in more than nine
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Factory Orders in U.S. Increased More Than Forecast (Update2) - Bloomberg.com

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Bookings rose 1 percent, matching the revised gain in November and the fourth straight increase, figures from the Commerce Department showed today in Washington. Excluding transportation, orders increased 1.2 percent. Manufacturers will probably keep boosting production to limit further
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Factory Orders in U.S. Increased More Than Forecast (Update1) - Bloomberg.com

Bookings rose 1 percent, matching the revised gain in November and the fourth straight increase, figures from the Commerce Department showed today in Washington. Excluding transportation, orders increased 1.2 percent. Manufacturers will probably keep boosting production to limit further

Italian Fiat workers strike against plant shutdown

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Click to enlarge photo A Fiat spokesman said 14 percent of the 32,000 workers on duty on Wednesday morning took part in the four-hour strike against the planned shutdown at the end of 2011 of Termini Imerese, a plant in Sicily that employs 1,400 workers. Local
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