DAI: Dow closes below 10,000

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Good evening Postlinuxeg, WED 26 May 2010 
 
Dow closes below 10,000
Disney says ABC sale claim by insider trader false
Apple knocks off Microsoft as biggest tech
China reviewing euro zone debt holdings
Geithner calls for action on EU crisis plan
AIG on path to repay taxpayers; loss risk seen
Consumers skeptical of Congress on regulation
Home sales at 2-year high
Wall Street titans frightened by Europe debt woes
SEC to boost market oversight after flash crash


Dow closes below 10,000
May 26, 2010 04:19 PM ET
NEW YORK (Reuters) - Wall Street staged yet another late-day reversal on Wednesday to end lower as news suggesting China was reassessing its euro zone debt holdings pushed investors into profit-taking mode.

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Disney says ABC sale claim by insider trader false
May 26, 2010 02:23 PM ET
LOS ANGELES/NEW YORK (Reuters) - A Walt Disney Co employee and her boyfriend have been charged with trying to sell insider information to over 30 hedge funds, including a tip Disney was in advanced talks to sell its struggling ABC television network -- which Disney said was false.

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Apple knocks off Microsoft as biggest tech
May 26, 2010 03:11 PM ET
SEATTLE (Reuters) - Apple Inc shot past Microsoft Corp as the world's biggest tech company as measured by market value on Wednesday, the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s.

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China reviewing euro zone debt holdings
May 26, 2010 04:07 PM ET
WASHINGTON (Reuters) - China is reviewing its euro zone bond holdings because of growing concerns about gaping deficits in countries including Greece and Portugal, the Financial Times reported on Wednesday.

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Geithner calls for action on EU crisis plan
May 26, 2010 10:42 AM ET
LONDON (Reuters) - Treasury Secretary Timothy Geithner said that financial markets wanted to see how a $1 trillion EU/IMF plan to provide back-up financing for euro zone governments put into action.

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AIG on path to repay taxpayers; loss risk seen
May 26, 2010 03:30 PM ET
WASHINGTON (Reuters) - The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses.

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Consumers skeptical of Congress on regulation
May 26, 2010 04:16 PM ET
NEW YORK (Reuters) - Small investors angry with Wall Street about their battered portfolios see little relief coming from the Congress as it attempts the most sweeping overhaul of financial regulation since the 1930s.

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Home sales at 2-year high
May 26, 2010 03:16 PM ET
WASHINGTON (Reuters) - New U.S. home sales scaled their highest level in nearly two years in April, while orders for long-lasting manufactured goods surged, giving the economy a firmer foundation to resist possible contagion from Europe's debt crisis.

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Wall Street titans frightened by Europe debt woes
May 26, 2010 04:13 PM ET
NEW YORK (Reuters) - Some of Wall Street's biggest names said they are frightened and worried by the debt crisis in Europe, but still do not expect a double-dip recession in the United States.

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SEC to boost market oversight after flash crash
May 26, 2010 02:05 PM ET
WASHINGTON (Reuters) - Securities regulators proposed improving market surveillance on Wednesday by tracking stock orders across all U.S. equity markets in real time.

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