NEW YORK (Reuters) - Stocks extended losses and the Nasdaq tumbled 3 percent on Wednesday after a revenue warning from top chip maker Intel Corp and bleak jobs data added to signs that the recession is deepening.
NEW YORK (Reuters) - Microchip maker Intel Corp issued its second revenue warning on the fourth quarter since November, as demand for personal computers weakens worldwide, and its shares fell 3.25 percent.
NEW YORK (Reuters) - One of the packages accused swindler Bernard Madoff sent in violation of a court order contained about 13 watches, a diamond necklace and other valuables worth more than $1 million, prosecutors said in court papers released on Wednesday.
BANGALORE (Reuters) - The head of Indian outsourcing company Satyam Computer Services resigned on Wednesday, disclosing that profits had been falsely inflated for years and sending its shares plunging nearly 80 percent.
WASHINGTON (Reuters) - The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters said on Wednesday, presenting President-elect Barack Obama with a daunting economic challenge.
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