Buyers returned to the stock market Tuesday after deciding the
pounding stocks have taken the past month made them too cheap to
resist.
August is often cruel to stock investors. And this month is
shaping up to be one of the worst.
The Toyota Camry has been the best-selling car in America for
nearly 15 years, its reputation for reliability keeping it on top
even when the carmaker was hurt by major safety recalls.
The earthquake that began in Virginia and was felt as far north
as New York briefly threatened to reverse Tuesday's stock rally.
The Dow Jones industrial average sank 60 points soon after the
quake hi
Oil rose slightly Tuesday on encouraging global economic
news.
Sales of new homes fell for the third straight month in July, a
sign that housing remains a drag on the economy. If the current
pace continues, 2011 would be the worst year for new-home sales on
recor
Another U.S. recession is not likely over the next 12 months.
Neither is any meaningful improvement in the economy.
Adidas is going barefoot.
Kraft Foods Inc. is lowering coffee prices in the U.S. by about
6 percent, one week after J.M. Smucker Co. announced a similar
reduction.
H.J. Heinz Co.'s profit for the fiscal first quarter fell 6
percent as the world's largest ketchup maker shuttered plants and
slashed jobs. But, excluding these cost-cutting measures, results
beat Wal
