LONDON (MarketWatch) -- U.S. stock market futures pointed to additional declines Tuesday as oil prices pushed toward further record highs -- at close to $88 a barrel -- and as a profit warning from telecom-equipment giant Ericsson weighed on the technology sector.
NEW YORK (MarketWatch) -- U.S. shoppers are concerned about a slowing economy and may increase their holiday spending at the slowest pace in at least four years, prompting retailers to lure them with discounts and other promotions, a new survey suggests.
HONG KONG (MarketWatch) -- Shares of Chinese automotive group Great Wall Motor Co. advanced 22% in resumed trading on Tuesday after saying it plans to list shares in Shanghai and invest more than 2 billion yuan ($266.1 million) of the proceeds on research and development, including the development of a sports-utility vehicle.
BOSTON (MarketWatch) -- Genentech Inc. reported markedly higher third-quarter earnings late Monday, due largely to strong sales of its cancer drugs Avastin and Rituxan.
TEL AVIV (MarketWatch) -- Movie Gallery Inc., the No. 2 North American video-rental company, said it filed for protection from creditors under Chapter 11 of U.S. bankruptcy law.
LONDON (MarketWatch) -- Crude-oil futures breached the $87 a-barrel mark to hit another all-time, intraday high during the electronic trading session Tuesday, finding support from risks to production in the Middle East and worries about declining inventories in the U.S.
LONDON (MarketWatch) -- Shares in Ericsson AB lost more than a quarter of their value on Tuesday after the world's largest maker of wireless networks warned its third-quarter profit would fall well short of expectations due to lower demand for mobile network upgrades in North America and Western Europe.
LONDON (MarketWatch) -- Swiss drug maker Roche Holding on Tuesday said its third-quarter sales growth slowed to 6.1% as demand for its Tamiflu influenza drug declined significantly.
HONG KONG (MarketWatch) -- China Citic Bank Corp., a unit of a financial trust controlled by the Chinese cabinet, is bidding for a stake in Bear Stearns Cos., a senior government official said Tuesday, the first official confirmation that the Chinese bank is seeking a tie-up with the New York investment bank.
