Dow Slides 5.5 Percent, Ending Below 11,000

U.S. stocks tumbled in a Monday rout that sent the Dow Jones Industrial Average down 5.5 percent, plunging below 11000 for the first time since November, as investors fled from risky assets in the first trading session since Standard & Poor’s downgraded the federal government’s credit rating late Friday.

Moody’s Downgrades Nokia

Moody’s Investor Service Inc. Wednesday downgraded Nokia Corp.’s debt rating two notches, heaping more pressure on the troubled mobile-phone maker as it struggles to realign its business strategy and regain traction in the lucrative smartphone business.

Fitch Lowers Nokia Credit Rating

Fitch Ratings downgraded Nokia Corp.’s credit ratings by two notches, to one step away from junk territory, saying that the cellphone maker’s market share quickly deteriorated and will take time to recover.

Why Verizon’s iPhone Won’t Be So Bad for RIM

A year ago, an iPhone on Verizon would have been a disaster for Research In Motion. This year, it will only sting, which says a lot about how RIM’s business has improved.

Chips: The Street’s Worries Intensify; Downgrades Piling Up

The Street’s fretting over weakening demand in the chip sector is intensifying. In short, signs of weak PC demand, combined with fears of a slowing recovery in IT spending, indications of inventory expansion in the supply chain and general worries over the lackluster economic recovery have spurred multiple analysts to rethink their positions.

Getting a New Windows Computer With XP

Walt Mossberg answers readers’ questions about how to get a new Windows computer with the XP operating system, small portable radios, and the functions of MailBug.

For the Memory Chip Sector, a Day to Forget

For the memory sector, it is a day to forget. Last night, SanDisk (SNDK) reported extremely nasty June quarter earnings–the Street has responded with a host of downgrades. Meanwhile, this morning, Citigroup chip analyst Glen Yeung cut his ratings on Micron (MU), Qimonda (QI) and Spansion (SPSN) to Hold from Buy.

I'd Like a Copy of Windows Vista "XP Edition," Please

Microsoft (MSFT) has extended the availability of Windows XP nearly as many times as it has extended the ship dates of Windows Vista and Office 2007. The company had planned to cut off XP sales through the retail and original equipment manufacturer channels on Jan. 30, 2008, one year after the Vista’s debut. But the poor reception given the new OS and “feedback” from XP advocates, gave it pause to reconsider. So Microsoft adjusted the deadline to June 30. Which makes today XP’s last on the retail market.

I’d Like a Copy of Windows Vista “XP Edition,” Please

Microsoft (MSFT) has extended the availability of Windows XP nearly as many times as it has extended the ship dates of Windows Vista and Office 2007. The company had planned to cut off XP sales through the retail and original equipment manufacturer channels on Jan. 30, 2008, one year after the Vista’s debut. But the poor reception given the new OS and “feedback” from XP advocates, gave it pause to reconsider. So Microsoft adjusted the deadline to June 30. Which makes today XP’s last on the retail market.

That "Downgrade" to XP Option Sure Worked Wonders, Didn't It?

You wouldn’t know it from the protests over Microsoft’s decision to retire Windows XP at the end of June or the PC users exercising their Windows Vista downgrade rights, but Vista is actually selling quite well. Microsoft (MSFT) Chairman Bill Gates said today that sales of Windows Vista have reached 140 million copies worldwide. “That’s [...]