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Wall St drops on signs economy has stalled
NEW YORK (Reuters) – U.S. stocks tumbled on Thursday as the latest dismal data added to speculation that the economy may be heading for a more significant slowdown. A report showing factory activity in the mid-Atlantic states contracted in August for the first time since July 2009 blind-sided investors, who had been expecting activity to increase, sending shares lower. |
GM files for IPO and plans dual listing
NEW YORK/DETROIT (Reuters) – General Motors Co (GM.UL) took a big step toward repaying a controversial taxpayer-funded bailout by declaring plans for a landmark stock offering that represents a critical test for the Obama administration. | ||