AFP - London shares slumped by 3.06 percent in mid-morning trade on Wednesday as recession jitters hit global equity markets once again, analysts said.
Steven Wevodau
Reuters - AT&T said Apple Inc's iPhone would hurt full-year profit margins by more than expected, although it helped the top U.S. phone company grow revenue and mobile subscribers in the third quarter.
Steven Wevodau
Reuters - Wachovia Corp on Wednesday posted a $23.9 billion third-quarter loss, a record for any U.S. lender in the global credit crisis, underscoring the challenges Wells Fargo & Co will face after it acquires the big lender.
Steven Wevodau
Reuters - ConocoPhillips , the third-largest U.S. oil company, said on Wednesday its quarterly earnings rose 41 percent on higher oil prices and topped Wall Street estimates even as storms in the Gulf of Mexico dented results in its refinery business.
Steven Wevodau
Reuters - McDonald's Corp reported better-than-expected profit on Wednesday, fueled by strong sales in the United States and abroad as consumers sought lower prices when they dine out.
Steven Wevodau
AP - Wal-Mart Stores Inc., the world's largest retailer, said Wednesday it will set new quality standards for its suppliers amid a scare over toxic milk products that have sickened tens of thousands of babies across China.
Steven Wevodau
Reuters - Boeing Co reported sharply lower third-quarter profit on Wednesday after a strike by its plane assembly workers wiped out almost a month of production at its Seattle-area plants.
Steven Wevodau
AFP - Growing warnings of an "inevitable" global recession and the expectation of more interest rate cuts triggered turmoil on the currency markets and sharp falls on stock exchanges Wednesday.
Steven Wevodau
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