Global Crossing Stock Down 25 Percent
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Shares of Global Crossing Ltd.  GLBCE.O fell as much as 25 percent on Monday on concerns it  could face a second bankruptcy after it said it is cutting 600  jobs as it negotiates with lenders for much-needed financing.
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The Nikkei average fell 0.63 percent by  midday on Friday, poised to snap a two-day winning streak after  a fall on Wall Street led to broad-based selling of core issues  such as Fast Retailing Co. (9983.T) and TDK Corp. (6762.T).
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Japan&#39;s Nikkei average slipped 1.11  percent on Wednesday to its lowest finish in nearly two weeks,  hurt by a tumble in U.S. stocks and a stronger yen by offering  to buy a further 25 percent stake in the ailing chip maker for  $1.25 billion.
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Shares of Nasdaq Stock Market Inc.  fell 5.2 percent on Tuesday to their lowest levels in over a month after the London Stock Exchange  urged shareholders to reject a 2.7 billion pound ($5.27 billion) hostile bid from the largest U.S. electronic stock market.
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Global Crossing Ltd. shares plummeted Monday after the once-bankrupt telecommunications company announced it will cut about 600 jobs and scale down operations to free enough cash to stay fiscally afloat.
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Shares of GenCorp Inc.  fell 5.6 percent before the opening bell on Monday after investment fund Steel Partners withdrew its proposal to acquire the aerospace and real estate company.
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Index futures for the S&P 500 fell more than 5 percent from Friday's close early on Tuesday as the global equities sell off looked set to continue.
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U.S. shares looked set to open lower on Tuesday, with stock exchange operators Nasdaq  and NYSE Group Inc.  in focus as a result of developments in their respective transatlantic merger endeavors.
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Dollar General (DG:NYSE - news - research) fell Thursday after reporting cost overruns that left first-quarter earnings a penny shy of Wall Street estimates.
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The leading share index fell below 6,000 points for the first time since August 2007, with mining issues the biggest casualties amid fears of a global economic slowdown, dealers said Wednesday.
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The Nikkei share average edged down 0.22 percent at the start of trade on Wednesday as tech stocks such as Advantest Corp. extended recent losses on concern about their earnings outlook.
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The Nikkei average edged down 0.25  percent by midsession on Tuesday as falls in recent gainers  such as banks and oil stocks offset gains in some exporters  after a retreat in oil prices eased fears about the global  economy.
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The company's sales fall, pulling down its stock price.
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The Nikkei 225 average is down 0.4 percent by midday Monday as caution about the dollar&#39;s weakness and the US presidential election prompts selling of exporters such as Toyota ahead of its earnings announcement.
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Global Crossing Ltd. shares plummeted Monday after the once bankrupt telecommunications company announced it will cut about 600 jobs and scale down operations to free enough cash to stay fiscally afloat.
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The results for the current quarter came in slightly below expectations and the company sounded a note of caution on the global economy.
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Global stock markets fall again following Wall Street's lead on worries about the state of some of the banks.