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AIG’s big loss, Wal-Mart miss hit Wall Street (Reuters)

The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York. News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)Reuters - Stocks fell on Thursday as news of a
big loss at insurer American International Group rattled
investors and Wal-Mart Stores Inc missed July sales forecasts,
heightening concerns about consumer spending and the profit
outlook.

Original post by Reuters

This entry was posted on Thursday, August 7th, 2008 at 10:36 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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