U.S. stocks extend slump amid lowered earnings and outlooks

Date: Tue, 11 Nov 2008 12:01:10 -0500
U.S. stocks extend slump amid lowered earnings and outlooks

U.S. stocks slip at start after Toll Brothers Inc. and
InterContinental Hotels Group noted downturns in the last month and as
American Express Co. converted into a bank to get speedier access to
U.S. government cash.

CITI UNVEILS HOUSING RELIEF PLAN

Citigroup Inc. releases details of a plan that it says will help
mortgage borrowers remain in their homes.

STARBUCKS' SHARES FALL ON DISAPPOINTING RESULTS

Shares of coffee giant Starbucks are under pressure early Tuesday on
the heels of a disappointing quarterly profit report.

FUTURES MOVERS: OIL FALLS MORE THAN 5% AS ECONOMIC CONCERNS DOMINATE

Crude-oil futures fall more than 5%, as concerns about the health of
the global economy and its impact on energy demand spark fresh selling
among traders.

U.K.'S BROWN PUSHES GLOBAL TAX CUTS AS LEADERS PREPARE FOR G20

British Prime Minister Gordon Brown urges a worldwide round of tax
cuts in order to stave off a deep global recession.