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Reuters - Stock index futures sunk to session lows on Wednesday as Best Buy's lowered outlook added to fears about a deepening economic slump, offsetting hopes for an auto industry bailout by Washington.
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Reuters - Department store operator Macy's Inc reported a quarterly loss on Wednesday as shoppers curbed spending and avoided all but the most crucial of purchases amid an expanding financial crisis.
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AP - Electronics retailer Best Buy Co. says it is sharply cutting its fiscal 2009 earnings outlook below analyst estimates amid what the company called the toughest retail environment it has ever seen.
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Reuters - A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.
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