Ant & Sons submits: Recent turmoil in the mortgage market has pummeled subprime stocks, with the most notable being American Home Mortgage which filed for Chapter 11 bankruptcy protection today.
The U.S. House of Representatives' rejection of the financial rescue deepened fears that the global credit crisis would worsen.
U.S. stocks head toward flat open
U.S. stocks tilted toward a flat opening Friday as investors remained cautious ahead of inflation data and next week's corporate earnings reports.
Saudi launches new stock trading system
RIYADH: The Saudi stock exchange said it successfully launched a new trading system yesterday designed to enhance market transparency and efficiency. "The Saudi stock market has successfully operated the new trading system with all the operations and the transactions of the first day," Tadawul said.
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