Wednesday, May 05, 2010
U.S. stocks shave losses as focus shifts
U.S. STOCKS SHAVE LOSSES AS FOCUS SHIFTS
U.S. stocks on Wednesday trim losses as investors widen their view to
include corporate results and the domestic recovery, even as Europe's
troubles depressed shares.
THREE REPORTED DEAD AMID VIOLENT GREECE PROTESTS
Greeks walk off the job in a nationwide strike against the
government's austerity measures, as Germany's chancellor makes the
case that Europe's future depends on helping Greece emerge from its
debt crisis.
TRICHET SCRAMBLING TO SAVE ECB CREDIBILITY
Jean-Claude Trichet will be fighting for the credibility of the
European Central Bank as well as the euro on Thursday as he faces
questions over the institution's decision to throw away collateral
rules for Greek debt, economists said.
EURO DROPS TO 13-MONTH LOW ON SOVEREIGN DEBT FEARS
The European single currency falls to the lowest in 13 months against
the dollar, battered by fears sovereign-debt woes in southern Europe
will spread.
