AP - Wall Street resumed its downward skid Tuesday, falling sharply as renewed concerns about soured home loans blew away what had looked like a solid recovery rally. The Dow Jones industrials lost nearly 150 points, while investors seeking safety moved into bonds.
Reuters - American Home Mortgage Investment Corp
said on Tuesday it can no longer fund home loans and
may liquidate assets, putting its survival in doubt and sending
its shares plummeting 90 percent.
Reuters - The Federal Communications
Commission on Tuesday voted to shake up the wireless market by
approving a set of ground-rules for a big airwaves auction that
would require the winner to make them accessible to any cell
phone, device or application.
Reuters - Stocks tumbled on Tuesday as worries
about the deteriorating credit market resurfaced with news of
another mortgage lending casualty.
Reuters - Rupert Murdoch's News Corp. (NWSa.N)
looked set to reach a definitive agreement to buy Dow Jones &
Co. Inc. on Tuesday after receiving support from enough
members of the Bancroft family.
Reuters - Stocks ended lower on Tuesday, led by
declines in computer and financial shares. Escalating concerns
about the subprime mortgage market were among factors that
soured sentiment and erased earlier gains.