Wall Street sinks as credit fears rise
NEW YORK (Reuters) – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year.
MUNICH (Reuters) – Industrial group Siemens more than doubled operating profit in the July-September quarter, beating market expectations, as its core factory-automation, power and healthcare businesses thrived.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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