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Dow has worst day in 3 years (Reuters)

A trader pauses to view a price monitor on the main trading floor of the New York Stock Exchange, May 17, 2006. (Mike Segar/Reuters)Reuters - U.S. stocks sank on Wednesday, with the Dow industrials suffering their biggest one-day drop in three years, as investors bet the Federal Reserve will need to keep raising interest rates to fight inflation.




Big rise in core inflation spooks Wall Street (Reuters)

A motorist fills his tank at a gas station in New York, May 7, 2006. A big jump in energy costs pushed consumer prices up sharply last month, while rising rents led to a surprisingly steep gain in core prices, according to a government report on Wednesday that spooked financial markets. (Chip East/Reuters)Reuters - A big jump in energy costs pushed U.S. consumer prices up sharply last month, while rising rents led to a surprisingly steep gain in core prices, according to a government report on Wednesday that spooked financial markets.




US SEC: No controls rule break for small companies (Reuters)

Securities and Exchange Commission (SEC) Chairman Christopher Cox is seen in Washington October 6, 2005. The Securities and Exchange Commission is expected to say on Wednesday that public companies, large and small, must comply with a controversial post-Enron rule meant to bolster corporations' internal financial controls, said a source familiar with the matter. (Larry Downing/Reuters)Reuters - The U.S. Securities and Exchange Commission is expected to say on Wednesday that public companies, large and small, must comply with a controversial post-Enron rule meant to bolster corporations' internal financial controls, said a source familiar with the matter.




US needs stronger overseas growth: Snow (Reuters)

Treasury Secretary John Snow is seen in Washington, April 25, 2006. Stronger economic growth overseas is necessary to help unwind global imbalances because the United States cannot do it alone, Snow said on Wednesday. (Jim Young/Reuters)Reuters - Stronger economic growth overseas is necessary to help unwind global imbalances because the United States cannot do it alone, Treasury Secretary John Snow said on Wednesday.




Yahoo CFO sees more growth from existing customers (Reuters)

The Yahoo headquarters are seen in Sunnyvale California in an undated handout photo. Yahoo Inc. said on Wednesday that its margins have stabilized in recent years at around 40 percent, as the company balances advertising growth against the need to invest to fuel further growth. (Handout/Reuters)Reuters - Yahoo Inc. said on Wednesday that its margins have stabilized in recent years at around 40 percent, as the company balances advertising growth against the need to invest to fuel further growth.





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