Record-high oil prices and financial sector weigh on U.S. and European stocks

                   
iht.com     May 9, 2008            

Stock markets were lower Friday as oil prices rose above $126 a barrel amid worries about losses at American International Group and a dismal week for European insurers. ... Oil's relentless surge to a fresh high on Friday stoked worries about the economy and put pressure... [read full story]                

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Wall Street seen slightly firmer, AIG earnings eyed

reuters.com     May 8, 2008          

FRANKFURT (Reuters) - Stock index futures edged up on Thursday, pointing to a slim recovery on Wall Street from strong losses in the previous session as investors turn their attention to results from American International Group . ... By 4:56 a.m. EDT (0856 GMT), June...                

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Wall Street seen slightly firmer, AIG earnings eyed

earthtimes.org     May 8, 2008          

FRANKFURT (Reuters) - Stock index futures edged up on Thursday, pointing to a slim recovery on Wall Street from strong losses in the previous session as investors turn their attention to results from American International Group . ... By Eva Kuehnen FRANKFURT (Reuters) -...                

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Futures signal fall on Wall Street; AIG, Citi in focus

reuters.com     May 9, 2008          

FRANKFURT (Reuters) - Stock index futures fell on Friday after the world's largest insurer, American International Group , posted record quarterly losses, and as the oil price hit new heights. ... Financials are set to take the limelight as investors digest AIG's...                

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Futures signal fall on Wall Street; AIG, Citi in focus

washingtonpost.com     May 9, 2008          

FRANKFURT (Reuters) - Stock index futures fell on Friday after the world's largest insurer, American International Group (AIG.N), posted record quarterly losses, and as the oil price hit new heights. ... Financials are set to take the limelight as investors digest AIG's...                

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Stock head for lower open after AIG reveals need for cash

wtop.com     May 9, 2008          

By MADLEN READ AP Business Writer NEW YORK (AP) - Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system....                

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Stock head for lower open after AIG reveals need for cash

ibtimes.com     May 9, 2008          

Wall Street headed for a lower open Friday after the world's largest insurer reported a wider-than-expected loss for the first quarter, rekindling investors' anxiety about the strained state of the global financial system. ... American International Group Inc. late...                

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Futures fall on AIG record loss

earthtimes.org     May 9, 2008          

NEW YORK (Reuters) - Stock index futures fell on Friday, with financial stocks poised to decline after American International Group , the world's largest insurer, posted a larger-than-expected record loss. ... By Jennifer Coogan NEW YORK (Reuters) - Another major...                

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Futures fall on AIG record loss

reuters.com     May 9, 2008          

NEW YORK (Reuters) - Stock index futures fell on Friday, with financial stocks poised to decline after American International Group , the world's largest insurer, posted a larger-than-expected record loss. ... Tokyo's main index lost more than 2 percent and Europe's...                

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Futures fall on AIG record loss

washingtonpost.com     May 9, 2008          

NEW YORK (Reuters) - Stock index futures fell on Friday, with financial stocks poised to decline after American International Group (AIG.N), the world's largest insurer, posted a larger-than-expected record loss. ... NEW YORK (Reuters) - Another major financial company,...                

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AIG and Allianz hit stocks in Europe; U.S. futures dip

iht.com     May 9, 2008          

The climb in crude prices above $125 a barrel heightened concern that the credit crisis and surging commodity costs would damage corporate profits. ... Stocks slumped in Europe and Asia Friday and U.S. index futures fell as American International Group's record loss and...                

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