Wall Street Headed for Sharply Lower Opening

NEW YORK (AP) - Investors are looking at a big sell-off on Wall
Street.
It'll follow similar tumbles in markets across Asia and Europe.
This morning's futures trading is reflecting the fact that many
corporate earnings reports are coming up short of expecations. In
addition, the British economy is officially in a recession.
Companies like Samsung, the biggest maker of flat-screen TVs, as
well as Xerox and Capital One are the latest companies posting weak
quarterly results.
Across the Atlantic, the British government has released data
showing the country's economy shrank 1.5 percent in the fourth
quarter, after shrinking 0.6 percent in the third quarter.
The fourth-quarter contraction is Britain's worst since 1980.


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