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Stocks pare losses as financials advance (Reuters)

Date : 01 Oct 2008 Category : Business

Yahoo! News: Business

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Reuters - Stocks pared losses on Wednesday as financial shares advanced on hopes the Senate would pass a revamped rescue plan that would stabilize the U.S. financial system and loosen up tight credit markets.

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Big Three automaker plans hit congressional desks (Reuters)

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GE and autos ignite Wall Street (Reuters)

Tesco shares jump on trading update (AP)

Beazer Homes 4Q loss balloons as revenue plunges (AP)

GE sees fourth-quarter earnings toward low end of range (Reuters)

Goldman shares fall on fear of $2 billion fourth-quarter loss (Reuters)

Investor Sues to Block Mortgage Modifications (BusinessWeek Online)

Staples 3Q profit drops 43 percent on charges (AP)

Beazer loss widens on housing market deterioration (Reuters)

Bargain hunting and auto bailout hope lift stock futures (Reuters)

Staples posts higher-than-expected profit (Reuters)

Bargain-hunters fail to save retail sales (Reuters)

Global stocks tumble (Reuters)

HK index tumbles 5 percent on US losses (AP)

Goldman faces $2 billion loss: report (Reuters)

Boeing engineers approve work contract (Reuters)

JPMorgan to cut 9,200 Washington Mutual jobs (Reuters)

Bernanke says Fed has options as rates near zero (Reuters)

U.S. working on new lending programs: Paulson (Reuters)