NEW YORK (Reuters) - Stocks fell on Thursday as disappointing December sales and a dim outlook from Wal-Mart Stores Inc heightened worries over consumer spending and a worsening recession.
CHICAGO (Reuters) - Wal-Mart Stores Inc led U.S. retailers in posting disappointing December same-store sales on Thursday, and it cut its quarterly earnings forecast despite being the store of choice in a recession.
WASHINGTON (Reuters) - The number of workers filing new claims for unemployment benefits last week unexpectedly fell to their lowest level since mid-October, but the number of those remaining on jobless rolls rose to a 26-year high, data showed on Thursday.
NEW YORK (Reuters) - Volatile markets have saddled U.S. companies with a $409 billion deficit on pension plans, reversing a $60 billion surplus a year earlier, and will cut into earnings in 2009, consulting firm Mercer said.
HYDERABAD, India (Reuters) - India's Satyam Computer faces a crisis of "unimaginable proportions," its interim chief executive said a day after the chairman revealed profits had been falsely inflated for years.
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