WSKG NewsRoom

Wall St opens down after Case-Shiller, GDP

(2009-11-24) NEW YORK (Reuters) - Wall Street opened lower on Tuesday after data showed home prices rose but at a more sluggish pace and the economy grew more slowly than initially thought in the third quarter.

Imports restrain U.S. growth in Q3

(2009-11-24) WASHINGTON (Reuters) - The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, hinting at a lackluster recovery.

U.S. home prices up for 5th month, 2nd straight quarter (2009-11-24) NEW YORK (Reuters) - U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes on Tuesday.

Galleon's Rajaratnam denies insider-trading charges (2009-11-24) NEW YORK (Reuters) - Raj Rajaratnam, the billionaire founder of hedge fund firm Galleon Group, denied federal insider trading charges and accused the government of violating his constitutional rights with its use of wiretaps.

FDIC insurance fund falls into the red in 3rd qtr (2009-11-24) WASHINGTON (Reuters) - The U.S. government insurance fund used to safeguard bank deposits dropped to a balance of negative $8.2 billion in the third quarter, the first time since 1992 that it had a negative balance, the Federal Deposit Insurance Corp said on Tuesday.

Heinz, Hormel optimistic about sales in 2010

(2009-11-24) CHICAGO (Reuters) - U.S. food makers H.J. Heinz Co and Hormel Foods Corp said they expect sales to rise in the coming months as consumers stick to more frugal habits such as eating meals at home instead of going out.

Warner Music posts surprise loss as costs rise (2009-11-24) NEW YORK (Reuters) - Warner Music Group , the world's third largest music company, on Tuesday reported a surprise quarterly loss as higher interest expense and operating costs cut into the record label's margins.

Medtronic earnings top estimates; raises outlook (2009-11-24) CHICAGO (Reuters) - Medtronic Inc said quarterly earnings rose a better-than-expected 59 percent on solid demand for its devices that protect against irregular heart rhythms, and it raised its fiscal-year forecast.