Wednesday, June 27, 2007

U.S. Stocks Retreat on Drop in Durable Goods; GE, ConocoPhillips Decline

(Bloomberg) -- U.S. stocks fell for a fourth day
after a government report showed orders for durable goods
declined more than forecast and energy producers slipped on a
drop in oil.

General Electric Co., which makes products ranging from
appliances to jet engines, retreated. ConocoPhillips, the
third-largest U.S. oil company, slid after it said it will
record a $4.5 billion charge to write off Venezuela projects.


Read more at Bloomberg Stocks News

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