Global equity meltdown costs investors $2 trillion
(Reuters) Reuters - The month-long slide in global stocks
has wiped out at least $2 trillion in wealth, leaving investors
few alternatives to preserve their holdings aside from bonds
and money markets.
Reuters - Stocks tumbled on Tuesday, adding to a
global sell-off and pushing the Dow into negative territory for
the year, as higher-than-expected inflation data stoked
interest rate worries.
Reuters - The United Auto Workers on Tuesday
voted to shift up to $110 million from its strike fund, a move
read as a sign union leadership is not girding for a protracted
strike at bankrupt auto parts supplier Delphi Corp.
Reuters - Aerospace component maker Goodrich
Corp. said on Tuesday it sees a slight dip in sales over
the next two years due to Airbus' decision to delay
delivery of its super-jumbo A380 jetliner, but said it would
have a negligible impact on per share earnings for this year
and next.
