11:19am ET, Thu 24 Jul 200814

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DJIA: 11507.97 -124.41  |  NASDAQ: 2305.06 -20.82
 

Ford posts $8.7 billion loss on truck slump 10:38am ET

DETROIT (Reuters) - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade.  Full Article

 
Obama to press Europe on security in Berlin 10:54am ET

BERLIN (Reuters) - U.S. presidential candidate Barack Obama is expected to call on Europe to do more in hotspots like Afghanistan when he speaks in Berlin on Thursday in his only formal address of a week-long foreign tour.  Full Article | Video 

Investing

MARKETS:
Economic data, earnings, oil weigh on Wall St 10:37am ET

NEW YORK (Reuters) - Stocks slid on Thursday as major earnings disappointed, oil prices halted their decline and data showing weakness in the economy added to concerns about the profit outlook.  Full Article | Video 

Travel Web sites to battle in Asia

U.S. Internet travel companies are preparing to slug it out for dominance in Asia, where economic growth and increasing Web usage make the region a tempting target.  Full Article 

New heights in market angst

It is something of a truism to say that investors are worried -- they nearly always are. But with the global asset rally close to its fifth year, a new level of angst is being reached in some quarters.  Full Article 

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Business

Home sales at 10-year low, jobless claims jump 10:05am ET

WASHINGTON (Reuters) - Jobless claims jumped last week and the pace of existing home sales tumbled to a 10-year low as slowing growth hit hiring and a glut of unsold homes weighed on the real estate market, data on Thursday showed.  Full Article 

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Water-cooler romance

If it seems like more people are flirting around the water cooler at your office these days, it may not be your imagination. Four out of 10 workers admit to being involved with another colleague at some point, a survey showed.  Full Article 

News

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New Year bittersweet for China's families

Millions of migrant workers will make the annual migration back home to rural villages for the Lunar New Year, queuing for hours and cramming into trains and buses for the chance to go home.  Full Article