Morning News Thursday August 9th 2007
General News: - U.S. stocks followed European markets lower after losses tied to subprime mortgages spread through credit markets, threatening earnings at banks and brokerages. - Treasuries rose, led by short- maturity notes, after European money market rates surged and the European Central Bank said it would provide unlimited funds at a below-market rate of 4 percent to avert a liquidity crisis. - First-time claims for jobless benefits rose last week to a level that still indicates strength in the labor market. - July sales at Wal-Mart Stores Inc. and J.C. Penney Co. exceeded analysts' estimates while those at apparel…