Saturday, April 25, 2009
Breaking News Sat., April 25, 2009
Subject: Breaking News Sat., April 25, 2009
To: johntam321@gmail.com
Breaking News from ABCNEWS.com:
University of Georgia Professor Sought After 3 People Shot and Killed
in Athens, Ga.
Stocks in focus for Monday
Among the companies whose shares are expected to see active trade in
Monday's session are Verizon Communications Inc., Humana Inc. and
Qualcomm Inc.
Breaking News Fri., April 24, 2009
Disruptive Passenger Forces NYC-Bound Delta Flight From France to
Divert to Boston [11:17 p.m. ET]
Friday, April 24, 2009
Banking regulators reveal how they conducted 'stress tests' of 19 of the nation's largest banks that have received TARP funds.
Banking regulators reveal how they conducted 'stress tests' of 19 of
the nation's largest banks that have received TARP funds.
Wall Street closes with rally. Nasdaq posts 7th straight week of gains. Dow, S&P 500 end week lower, breaking 6-week winning streak.
Wall Street closes with rally. Nasdaq posts 7th straight week of
gains. Dow, S&P 500 end week lower, breaking 6-week winning streak.
U.S. stocks trim gains at the close Friday; Dow ends week lower, snapping win streak
U.S. stocks trim gains at the close Friday; Dow ends week lower,
snapping win streak
4/24/2009 4:05:19 PM EDT
Georgia bank failure marks the 26th of 2009. First four months of the year have seen more failures than all of 2008.
Georgia bank failure marks the 26th of 2009. First four months of the
year have seen more failures than all of 2008.
March orders for durable goods off 0.8%; February growth revised down to 2.1%
March orders for durable goods off 0.8%; February growth revised down to 2.1%
4/24/2009 8:32:21 AM EDT
Energy: Canadian stocks rise as commodity prices gain
Canadian stocks post strong gains, as rising oil and metal prices
boost the energy and mining sectors.
New home sales in March fall to annual rate of 356,000, but top economists' expectations.
New home sales in March fall to annual rate of 356,000, but top
economists' expectations.
Energy: American log more road miles as gas prices fall
American drove 2.7% more miles per day on average in February, the
highest level since last October in a hopeful sign in the hard-hit
gasoline business.
U.S. ready to release stress-test methodology
U.S. ready to release stress-test methodology
As the 19 largest U.S. banks pore over the preliminary results of
stress tests conducted by government officials, the Federal Reserve is
expected to publicly release its methodology for conducting the
reviews Friday afternoon.
FORD SHARES RALLY ON IMPROVEMENT IN CASH BURN
Ford Motor Co. shares rallied as much as 21% in early trading on
Friday after the No. 2 U.S. automaker reported improved cash flow and
a quarterly loss that wasn't as bad as Wall Street had expected,
AMEX TOPS ESTIMATES, WANTS TO REPAY TARP
American Express reports a 56% drop in quarterly net income as the
credit card giant sets aside more money to cover loan losses.
INVESTORS SHOW RELIEF AT MICROSOFT'S RESULTS
WASHINGTON
Microsoft Corp. posted a sharp drop in fiscal-third-quarter profit
Thursday, as sales of computers loaded with the
company's software fell and as it absorbed charges related to layoffs
and. declining investments.
3M'S FIRST-QUARTER NET OFF 48%; 2009 OUTLOOK CUT
3M lowers its 2009 profit outlook as first-quarter profit falls 48%, a
reflection of how the major industries that the blue-chip component
supplies have been busy reducing their inventories in light of the
global recession.
Stocks open higher after Ford reports narrower-than-expected $1.4B loss and investors await word on bank stress testing.
Stocks open higher after Ford reports narrower-than-expected $1.4B
loss and investors await word on bank stress testing.
Stocks open higher after Ford reports narrower-than-expected $1.4B loss and investors await word on bank stress testing.
Stocks open higher after Ford reports narrower-than-expected $1.4B
loss and investors await word on bank stress testing.
Thursday, April 23, 2009
Microsoft reports earnings of 33 cents a share on sales of $13.65 billion, missing estimates. 'Weakness to continue.'
Microsoft reports earnings of 33 cents a share on sales of $13.65
billion, missing estimates. 'Weakness to continue.'
Markets Thursday, 04/23/2009
| Dow : 7957.06 up 70.49 | S & P : 851.92 up 8.37 |
| NASDAQ: 1652.21 up 6.09 | Bond (10Y): 2.91%, 98.56 |
MARKETS:
Stocks stage late advance
Wall Street manages gains after choppy session. Weak existing home
sales report disappoints. Corporate earnings in focus, too.
Dow industrials finish up 70 points after financials lead late-day surge
Dow industrials finish up 70 points after financials lead late-day surge
4/23/2009 4:05:01 PM EDT
Stocks eke out a positive close, as better-than-expected quarterly results outweigh a weak housing report.
Stocks eke out a positive close, as better-than-expected quarterly
results outweigh a weak housing report.
GM to idle 13 of 20 North American plants and cut production by 190,000 vehicles through middle of year due to high inventories.
GM to idle 13 of 20 North American plants and cut production by
190,000 vehicles through middle of year due to high inventories.
Energy: Exelon profit rises 23% in 'strong' quarter
Energy provider Exelon said Thursday its first-quarter profit rose 23%
on strength in its nuclear power generation and signaled its business
remains on track for the coming period.
Fiat swings to loss as Chrysler talks continue
Fiat swings to loss as Chrysler talks continue
Fiat SpA on Thursday said it swung to a first-quarter loss as demand
for its trucks and construction equipment collapsed, but the Italian
car maker retained its annual outlook and said the situation should
improve over the course of the year.
JAPAN CARMAKERS' GLOBAL OUTPUT FALLS AS SALES SINK
Major automakers in Japan report hefty drops in global vehicle
production for the month of March as the companies continue to suffer
from steep domestic-sales declines.
Weekly first-time jobless claims rise to 640,000; ongoing claims tip a record 6.14 million
Weekly first-time jobless claims rise to 640,000; ongoing claims tip a
record 6.14 million
4/23/2009 8:32:13 AM EDT
Number of people filing first-time unemployment claims rose 27,000 last week to 640,000, U.S. says. Continuing claims at record.
Number of people filing first-time unemployment claims rose 27,000
last week to 640,000, U.S. says. Continuing claims at record.
Energy: Oil shares up after reports by Conoco, Occidental
Sector gets a lift from higher oil prices as investors eye earnings
updates from ConocoPhillips, Occidental Petroleum and National Oilwell
Varco.
U.S. stock indexes forfeit opening-bell gains; eBay, Apple rise after earnings
U.S. stock indexes forfeit opening-bell gains; eBay, Apple rise after earnings
4/23/2009 9:58:01 AM EDT
Existing home sales drop 3% in March to 4.57 million annual rate, while median price falls 12.4% from a year ago - Realtors group.
Existing home sales drop 3% in March to 4.57 million annual rate,
while median price falls 12.4% from a year ago - Realtors group.
Stocks open higher as investors focus on strong corporate results from Apple, AutoNation and others.
Stocks open higher as investors focus on strong corporate results from
Apple, AutoNation and others.
Wednesday, April 22, 2009
Markets Wednesday, 04/22/2009
| Dow : 7886.57 down 82.99 | S & P : 843.55 down 6.53 |
| NASDAQ: 1646.12 up 2.27 | Bond (10Y): 2.94%, 98.38
MARKETS:
Wall Street gives up rally try
Stocks erase gains, with the Dow ending lower on weak bank, oil and
consumer stocks.
Apple reports rise in profit; sales of iPhones more than double
Apple reports rise in profit; sales of iPhones more than double
4/22/2009 4:37:15 PM EDT
Stocks end mixed after see-saw session as investors are unable to shake off big Morgan Stanley loss. Dow, S&P 500 fall. Nasdaq rises.
Stocks end mixed after see-saw session as investors are unable to
shake off big Morgan Stanley loss. Dow, S&P 500 fall. Nasdaq rises.
Energy: U.S. officials urge caps on greenhouse gases
Top Obama administration officials urge Congress to cap greenhouse gas
emissions in testimony, as lawmakers begin what's likely to be a
lengthy and difficult governmental effort to reduce carbon pollution
in the U.S.
Energy: Energy, financials lead stocks in Toronto higher
Canadian stocks rise, tracking gains on Wall Street, as the energy and
financial sectors lead the market in Toronto higher.
Freddie Mac acting CFO dead in apparent suicide
Freddie Mac acting CFO dead in apparent suicide
The acting chief financial officer of Freddie Mac was
found dead at his home Wednesday morning in an apparent suicide,
according to published reports.
REAL ESTATE: NO RUSH TO REFINANCE AS MORTGAGE RATES LOOK TO STAY LOW
Don't panic if you're trying to refinance and the process is taking
longer than you thought: Conforming mortgage rates are likely to stay
low for the remainder of the year, according to the Mortgage Bankers
Association's chief economist.
MORGAN STANLEY SWINGS TO WIDER-THAN-EXPECTED LOSS
Morgan Stanley's wider-than-forecast loss of $177 million reflects a
worsening in results from almost all of the investment bank's business
units compared to
last year.
Energy: Chinese shares tumble, tip Asian markets lower
A broad decline in banking stocks drags on most Asian markets
Wednesday, with concerns about China's economy adding to the selling
pressure in Shanghai and Hong Kong.
Breaking News Wed., April 22, 2009
Freddie Mac CFO Found Hanging in His Basement, Law Enforcement Officials say.
Energy: Sector loses ground ahead of weekly supply data
Energy stocks fell with the broad market on Wednesday as Wall Street
sifted through analyst rating changes and the latest update on
petroleum inventories.
Dow industrials join Nasdaq and S&P in rebound from opening-bell declines
Dow industrials join Nasdaq and S&P in rebound from opening-bell declines
4/22/2009 10:08:41 AM EDT
Tuesday, April 21, 2009
Markets Tuesday, 04/21/2009
| Dow : 7969.56 up 127.83 | S & P : 850.08 up 17.69
|
| NASDAQ: 1643.85 up 35.64 | Bond (10Y): 2.89%, 98.72
MARKETS:
Stocks recharge the advance
Wall Street stages late-session run-up as investors scoop up financial shares.
Yahoo reports 78% drop in profit; firm to cut 5% of workforce
Yahoo reports 78% drop in profit; firm to cut 5% of workforce
4/21/2009 4:28:19 PM EDT
Dow industrials finish up more than 100 points after banks fuel midday turnaround
Dow industrials finish up more than 100 points after banks fuel midday
turnaround
4/21/2009 4:01:46 PM EDT
Wall Street rebounds to close in positive territory. Investors bet financial sector recovery will trump weak corporate results.
Wall Street rebounds to close in positive territory. Investors bet
financial sector recovery will trump weak corporate results.
Energy: Chesapeake CEO sees tough times through the summer
Chesapeake Energy Corp. CEO Aubrey McClendon says he expects tough
natural gas conditions to continue through the summer, but he holds
out hope that depressed prices may rebound for the winter heating
season of 2010-11.
Energy: House Republicans already want more climate hearings
Democrats in the House open four days of hearings on climate change
and energy, but Republicans are already clamoring for more, as debate
on one of President Barack Obama's top priorities gets off to a
contentious start in Congress.
Energy: The new war on the Suez Canal threatens Egypt and the world
Egypt last week arrested 25 alleged spies belonging to the
Lebanon-based militia Hezbollah, suspecting that the ring was out to
sabotage shipping through the Suez Canal. Considering that some 7.5%
of the entire world's maritime trade, including most westbound oil
shipments from the Gulf, crosses the Suez Canal, its security is more
than just Egypt's business. It's everybody's.
U.S. stock indexes battle to erase early losses; United Technologies, GM lead the Dow
U.S. stock indexes battle to erase early losses; United Technologies,
GM lead the Dow
4/21/2009 9:53:30 AM EDT
Stocks open lower as more companies report disappointing quarterly results, renewing worries about a prolonged economic slowdown.
Stocks open lower as more companies report disappointing quarterly
results, renewing worries about a prolonged economic slowdown.
Monday, April 20, 2009
Markets Monday, 04/20/2009
| Dow : 7841.73 down 289.60 | S & P : 832.39 down 37.21 |
| NASDAQ: 1608.21 down 64.86 | Bond (10Y): 2.83%, 99.25
MARKETS:
Dow's biggest decline in 2 months
Wall Street pulls back after six straight weeks of gains on worries
about banks, despite B of A quarterly results.
Oil drops almost 9% to settle at $45.88/barrel as weak demand and rising inventory concerns continue to weigh on prices.
Oil drops almost 9% to settle at $45.88/barrel as weak demand and
rising inventory concerns continue to weigh on prices.
IBM reports lower profit and revenue; shares fall after hours
IBM reports lower profit and revenue; shares fall after hours
4/20/2009 4:15:01 PM EDT
IBM quarterly income of $1.70 a share beats analysts' projections but revenue of $21.7 billion misses forecasts.
IBM quarterly income of $1.70 a share beats analysts' projections but
revenue of $21.7 billion misses forecasts.
Dow closes with worst selloff in 6 weeks as health of financial sector weighs on stocks. S&P 500, Nasdaq each drop about 4%.
Dow closes with worst selloff in 6 weeks as health of financial sector
weighs on stocks. S&P 500, Nasdaq each drop about 4%.
Dow industrials close down 287 points as financials post sharp decline
Dow industrials close down 287 points as financials post sharp decline
4/20/2009 4:03:15 PM EDT
Energy: China to increase reliance on wind power
China plans to increase the amount of electricity it generates from
wind power by about 8 times current installed capacity, to about 100
gigawatts, by 2020, a senior government official says Monday.
Dow extends losses, down more than 200 points, amid concerns about bank and tech earnings. Nasdaq down 3%.
Dow extends losses, down more than 200 points, amid concerns about
bank and tech earnings. Nasdaq down 3%.
