Source Pravda.Ru

Economic problems cause US stocks collapse

By Margarita Snegireva. After a warning by phone company AT&T of soft consumer spending sparked a new round of recession fears, helping drive the S&P to its worst-ever five-day start to a year, U.S. stocks tumbled on Tuesday.

In addition, Countrywide Financial was down 238.42 points, or 1.86 percent, at 12,589.07. The Standard & Poor's 500 Index was down 25.99 points, or 1.84 percent, at 1,390.19. The Nasdaq Composite Index was down 58.95 points, or 2.36 percent, at 2,440.51.

AT&T shares fell 4.8 percent to $39.07.

AT&T Inc. is the largest provider of both local and long distance telephone services, wireless service, and DSL Internet access in the United States. AT&T is based in San Antonio, Texas, United States. Formerly SBC Communications, Inc., the company shed its name and took on the iconic AT&T moniker and the T stock-trading symbol (for "telephone") after its acquisition of American Telephone & Telegraph Company (later known as AT&T Corporation).

Since the break-up of AT&T Corp. in 1984, most of the companies spun off from it (the "Baby Bells") have merged into three major US telecommunications groups: Verizon, Qwest, and AT&T Inc. Most of these companies are made up primarily of former components of AT&T Corp. For the new AT&T, these include many Bell Operating Companies and the long distance division. The new AT&T lacks the vertical integration of the historic AT&T Corp. which prompted the antitrust suit and breakup in 1984.

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
Comments
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Putin’s spokesman: Total blockade of Russia impossible
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Elon Musk wants Pravda, but we already have it
Elon Musk wants Pravda, but we already have it
Myths about Stalin: Why do they lie about Great Patriotic War?
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Elon Musk wants Pravda, but we already have it
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most