Stock Markets - Page 23

AP - Subprime mortgage lender New Century Financial Corp., its financial footing crumbling, was all but kicked from the New York Stock Exchange Tuesday, while federal investigations into accounting errors and trading of its stock intensified.

FT.com - A steep sell-off swept through global stock markets on Tuesday as investor confidence was hit by the escalating woes of the US subprime mortgage market and weak US retail sales data. More Info...  

Reuters - The mortgage meltdown broadened on Tuesday, led by Accredited Home Lenders Holding Co. and New Century Financial Corp. , as investors feared that the subprime lenders, which make loans to people with poor credit histories, would run out of cash.

Reuters - Stocks plunged on Tuesday in their second-worst sell-off of the year as the impact of losses in the subprime mortgage group cascaded across the financial sector, knocking down shares of investment banks and traditional lenders.

FT.com - Concern about its exposure to the US housing market saw Wolseley (NYSE:WOS) register one of the biggest declines in a weak FTSE 100 Tuesday. More Info...  

FT.com - A steep sell-off swept through global stock markets on Tuesday as investor confidence was hit by the escalating woes of the US subprime mortgage market and weak US retail sales data. More Info...  

FT.com - Stocks fell sharply and goverment bonds rallied on Tuesday as further bad news from the beleaguered US mortgage sector fuelled concerns over growth prospects for the broader economy. More Info...  

AFP - European stock markets mostly fell on Tuesday, with London financial shares hit by vague market rumours that a large hedge fund had run into trouble, dealers said.

FT.com - Disappointing news from SABMiller, the brewer, that it had lost a key contract with Heineken helped drag the FTSE lower on Tuesday. More Info...  

AP - U.S. stock futures lost ground Tuesday as concerns mounted about the viability of subprime mortgage lenders and whether their troubles would spread to other parts of the economy. More Info...  

FT.com - Japanese stocks fell on Tuesday, hit by a stronger yen and profit taking in some high-flying sectors. More Info...  

AFP - The Shanghai Stock Exchange is mulling a proposal to widen the daily trading band as a first step before eventually scrapping the limit altogether, state press reported Tuesday.

Stock Markets News

AP - Wall Street's recovery from last month's plunge gained momentum Monday, with stocks rising as investors looked past widening cracks in the subprime lending sector and bought in response to another parade of acquisition deals.

Reuters - Stocks advanced on Monday, helped by deal news, cheaper oil and positive broker comments on the chip sector.

FT.com - A rally in US stocks on Monday afternoon obscured fresh worries over the survival of a leading US subprime mortgage lender which had weighed on global markets earlier in the day. More Info...  

FT.com - Wall Street rallied on Monday as a burst of merger and acquisition activity offset anxiety about a stronger yen and the suspension of trading in shares of a big subprime mortgage lender. More Info...  

FT.com - A fresh burst of merger and acquisition activity gave an early boost to European stocks on Monday but gains evaporated as worries about US subprime lenders came to the fore. More Info...  

FT.com - A burst of merger and acquisition activity failed to lift Wall Street on Monday morning after the suspension of trading in shares of a big subprime mortgage lender spooked investors. More Info...  

FT.com - Wall Street stocks were set for a slightly lower start on Monday as a burst of merger and acquisition activity offset concerns about the possible collapse of a big subprime lender. More Info...  

AFP - European stock markets rose on Monday, lit up by merger and acquisition news after a bright performance in Tokyo and Hong Kong, dealers said.