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Stock futures drop on automaker woes, economic fears (Reuters)

Stock index futures fell on Wednesday as diminishing prospects for a U.S. auto industry government rescue added to worries about the slumping global economy.

Ahead of the Bell: Sanderson Farms upgraded (AP)

With chicken prices bottoming, investors propping up share prices and the risk of defaulting on credit agreements diminishing, now may be the time to buy shares of chicken processor Sanderson Farms Inc., a JPMorgan analyst said Wednesday.

Ahead of the Bell: Analyst downgrades Arbitron (AP)

The loss of a contract with two radio broadcasters will likely lead Arbitron Inc.'s revenue to decline and limit the ability of its stock to climb in the near-term, a JPMorgan analyst said Wednesday.

Stocks heads to lower open ahead (AP)

Wall Street headed for a lower open Wednesday with investors worried about the economic fallout if Detroit's Big Three automakers are unable to persuade lawmakers to give them a $25 billion bailout.

Ahead of the Bell: Intuit reports 1Q after close (AP)

The fiscal first quarter is the seasonally slowest for Intuit Inc., which is one reason Wall Street will focus more on guidance from the tax preparation and personal finance software company than on its results when it reports after the closing bell Wednesday.

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Gas sales boost 3Q profit at BJ's Wholesale (AP)

Warehouse-club operator BJ's Wholesale Club Inc. said Wednesday fiscal third-quarter profit rose 24 percent, helped by sales of gasoline and shoppers hunting for bargains.

Stock futures drop on automaker woes, economic fears (Reuters)

Stock index futures fell on Wednesday as diminishing prospects for a U.S. auto industry government rescue added to worries about the slumping global economy.

SolarWorld offers $1.26B for Adam Opel's assets (AP)

German solar energy company SolarWorld AG said Wednesday it plans to offer 1 billion euros for some assets of car maker Adam Opel GmbH, the German subsidiary of General Motors Corp., through cash and credit.

Shelby favors changing automaker management teams (AP)

The senior Republican on the Banking Committee, said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped.

Consumers may get ray of good news: lower prices (AP)

American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores.

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Government intervention and the credit crisis: The good news and the bad news

BloggingStocks: Equity markets in the United States and across the world rose Thursday and this morning as the Federal Reserve and the other major central banks injected billions of dollars into the global financial system in an unprecedented move to stabilize the... Read moreFiled under: Before the bell, Major movement, Deals, Good news, Bad news, Market matters, Money and Finance Today, Economic data, Politics, Headline news, Federal Reserve, Recession



The bailout of Fannie and Freddie: Temporary relief but a real solution would be much better!

BloggingStocks: Secretary of the Treasury Henry Paulson announced over the weekend that Fannie Mae and Freddie Mac are being placed into conservatorship. The government is injecting capital into the entities and assuming responsibility for the senior debt. It also... Read moreFiled under: Major movement, Good news, Money and Finance Today, Federal Natl Mtge (FNM), Economic data, Headline news, Federal Reserve, Recession



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