- Pope Francis wins another ‘Person of the Year’ — from gay rights magazine
- Rep. Steve Stockman: Give my campaign $10, and you’ll get an Obama barf bag
- Putin: Russia to buy $15 billion in Ukraine bonds
- Expert: Obamacare ‘death spiral’ fears exaggerated
- Alabama firefighters dig for survivors of apartment blast
- Big Sur wildfire destroys home of firefighting chief
- ‘ ’Twas the Night Before Christmas’ set for mock trial to argue authorship
- Angela Merkel’s third term as Germany’s chancellor to be marked by move to left
- Mega Millions entices with record-setting jackpot: Half a billion so far
- Dennis Rodman heads to North Korea — despite execution, political purge
Debt worries drag down the stock market
Monday’s stock-market sell-off pulled down companies in every industry, especially banks. Even companies reporting strong profits slid lower.
Halliburton Co. ended the day nearly unchanged after posting record revenue in the second quarter. The oil-field service company trounced Wall Street’s earnings estimates as higher oil prices led to more drilling, increasing demand for Halliburton’s services.
News Corp. fell 4.3 percent as the troubles deepened for Rupert Murdoch’s media conglomerate. Rebekah Brooks, the former head of the company’s British newspaper business, was arrested over the weekend in connection with a widening phone-hacking scandal. News Corp. has abandoned its bid to assume full control of the highly lucrative satellite TV company British Sky Broadcasting. News Corp.’s shares are down 15 percent this month.
Hasbro Inc. fell 4.8 percent. Stronger sales of Transformers action figures and other products lifted the toy maker’s earnings but not enough to beat Wall Street’s estimates.
Profits at newspaper publisher Gannett Co. Inc. fell 22 percent but it still beat analysts’ estimates by a penny. Gannett said it would start buying back stock and double its quarterly dividend to 8 cents. Gannett’s stock dropped 3.5 percent.
It’s the start of a crowded week of earnings reports. More than 100 of the companies that make up the S&P 500 index are set to release second-quarter results. The list includes the major banks, Apple Inc., Johnson & Johnson and General Electric Co.
Five stocks fell for every one that rose on the New York Stock Exchange. Volume was slightly below average at 3.7 billion shares.
By John R. Bolton
The president fiddles at his domestic altar while the world burns
- PRUDEN: The scam that will not die
- Robert E. Lee and 'Stonewall' Jackson tributes face Army War College removal
- LETTER TO THE EDITOR: Global-warming mania's deadly fallout
- Embassy Row: India strikes back over diplomat's arrest
- Wasted: Tom Coburn's 'Wastebook targets 70 days in bed, Facebook
- Army to cut up to 4,000 captains and majors
- BOLTON: Nero in the White House
- Zadzooks: The Joker sixth scale figure review (Sideshow Collectibles)
- Senators in rush to pass budget vow to undo cut to military retirement pay
- Mega Millions players dream of a green Christmas with lottery jackpot at $636 million
Independent voices from the The Washington Times Communities
Television commentary, reviews, news and nonstop DVR catch-up by Lisa King Dolloff and friends.
Wall Street news for retail investors who want to know what's going on.
Top 10 handguns in the U.S.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow