DAI: Indexes end down; Spain downgrade weighs

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good evening Postlinuxeg, FRI 28 May 2010    Indexes end down; Spain downgrade weighs Fitch downgrade caps miserable week for Spain Spending stalls but confidence and incomes gain Berkshire confirms Buffett subpoenaed to testify Fed to test new tool for withdrawing stimulus Judge gives Toyota 30 days to produce documents Jobless aid set to expire despite House approval Wal-Mart holders seek answers on keeping customers BA and union talks adjourned without deal Ford sees options to return to investment grade Business Update: Spill tops estimate Business Update: Geither talks risk Europe pares back spending Indexes end down; Spain downgrade weighs May 28, 2010 04:14 PM ET NEW YORK (Reuters) - Stocks ended lower on Friday, capping off their worst month in over a year as a downgrade by Fitch Ratings of Spain's credit rating reignited worries about euro-zone debt issues. Full Article Fitch downgrade caps miserable week for Spain May 28, 2010 04:28 PM ET MADRID (Reuters) - Fitch cut Spain's credit rating by one notch on Friday, sending markets lower and capping a horrible week for a government struggling to convince investors it can solve its economic woes and avoid a Greek-style debt crisis. Full Article Spending stalls but confidence and incomes gain May 28, 2010 02:23 PM ET WASHINGTON (Reuters) - Consumer spending unexpectedly stalled in April after six straight months of gains, but rising income and consumer confidence pointed to solid consumption this quarter. Full Article Berkshire confirms Buffett subpoenaed to testify May 28, 2010 01:07 PM ET NEW YORK (Reuters) - Berkshire Hathaway Inc confirmed on Friday that Warren Buffett will testify under subpoena before a U.S. panel examining the causes of the 2008 financial crisis. Full Article Fed to test new tool for withdrawing stimulus May 28, 2010 12:33 PM ET WASHINGTON (Reuters) - The Federal Reserve on Friday announced plans to test a new facility it could use to withdraw some of the extraordinary stimulus it pumped into the economy during the recession, but stressed it was not embarking on a tightening of monetary policy yet. Full Article Judge gives Toyota 30 days to produce documents May 28, 2010 02:40 PM ET SANTA ANA, California (Reuters) - A U.S. federal judge on Friday gave Toyota 30 days to turn over the bulk of documents sought by class-action lawyers from previous investigations of complaints about its cars racing out of control. Full Article Jobless aid set to expire despite House approval May 28, 2010 02:32 PM ET WASHINGTON (Reuters) - The House of Representatives on Friday passed a scaled-back economic-stimulus package of tax breaks and safety net spending that would raise taxes on fund managers and multinational corporations. Full Article Wal-Mart holders seek answers on keeping customers May 28, 2010 02:15 PM ET CHICAGO (Reuters) - As Wal-Mart Stores Inc employees chant the corporate cheer at the company's annual meeting this year, Wall Street is less enthusiastic about the retailer's U.S. sales trailing a fitful economic recovery. Full Article BA and union talks adjourned without deal May 28, 2010 01:06 PM ET LONDON (Reuters) - Talks between British Airways and the union Unite which represents striking cabin crew were adjourned without the parties reaching an agreement, the mediator Acas said on Friday. Full Article Ford sees options to return to investment grade May 28, 2010 02:52 PM ET DETROIT (Reuters) - Ford Motor Co sees "great options" to improve its balance sheet and return to investment grade credit rating as its financial results continue to strengthen, Chief Executive Alan Mulally said on Friday. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers