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April 24, 2007

Midday Update: Market Slips on Poor Economic Data

Downbeat news on home sales and consumer confidence sent stocks tumbling this morning, despite some positive earnings reports before the bell ( Read More )

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CIT Group says execs terminate stock-trading plans

WASHINGTON (MarketWatch) -- CIT Group Inc. (CIT) disclosed Thursday that Vice Chairman and Chief Financial Officer Joseph M. Leone and Vice Chairman of Specialty Finance Thomas B. Hallman have terminated their stock-trading plans. Link to original article

Japanese Stocks Decline on Takefuji Subprime Losses, Rising Yen

March 3 (Bloomberg) -- Japanese stocks fell the most in a month after Takefuji Corp., Japan's fourth-largest consumer lender by assets, disclosed a loss on subprime-linked derivatives, and the yen continued its gain against the dollar. Read more here

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