Friday, May 01, 2009
Regulators close Utah-based America West Bank
Regulators close Utah-based America West Bank
5/1/2009 8:18:31 PM EDT
Stocks in focus for Monday
Among the companies whose shares are expected to see active trade in
Monday's session are Sprint Nextel, McKesson, Tyson Foods and Estee
Lauder.
FDIC closes N.J.-based Citizens Community Bank; 31st failure of 2009
FDIC closes N.J.-based Citizens Community Bank; 31st failure of 2009
5/1/2009 5:17:43 PM EDT
FDIC seizes control of Silverton Bank, a wholesale bank with $4.1 billion in assets that serves 1,400 client banks in 44 states.
FDIC seizes control of Silverton Bank, a wholesale bank with $4.1
billion in assets that serves 1,400 client banks in 44 states.
Dow ends 41 points up as better-than-expected economic reports gave investors a boost. Nasdaq, S&P also end slightly higher.
Dow ends 41 points up as better-than-expected economic reports gave
investors a boost. Nasdaq, S&P also end slightly higher.
Chrysler posts April U.S. sales skid of 48%; Ford, GM sales down about one-third
Chrysler posts April U.S. sales skid of 48%; Ford, GM sales down about one-third
5/1/2009 2:57:31 PM EDT
Results of U.S. bank stress tests to be released Thursday: report
Results of U.S. bank stress tests to be released Thursday: report
5/1/2009 11:04:17 AM EDT
Oil, gas stocks start May with modest gains
NEW YORK
Energy stocks kicked off the month of May with gains in early action
on Friday, despite flat-to-lower action in the broad market.
Manufacturing contraction slows in April, ISM says
Manufacturing contraction slows in April, ISM says
The factory sector contracts again in April, but the pace of decline
slows, according to the Institute for Supply Management index.
CITI SELLING JAPANESE UNIT IN $7.9 BLN DEAL
Citigroup says Friday it's selling its Japanese domestic securities
business to Sumitomo Mitusi Banking Corp. in a deal with a total cash
value of 774.5
billion yen ($7.9 billion).
CONTINENTAL TO HALVE ITS MEXICO FLIGHT CAPACITY
Continental Airlines says it will roll back half its capacity for flights to
Mexico, making it the first major airline to respond to traveler panic
and flight cancellations due to the deadly virus swine flu.
ECONOMIC REPORT: JAPAN PRICES FALL IN MARCH, UNEMPLOYMENT RISES
Japan's core consumer price index falls 0.1% in March, the first
year-over-year decline since late 2007, raising concerns of a possible
deflationary spiral.
Manufacturing activity in April improves in sign that the contraction is slowing, according to purchasing managers' group ISM.
Manufacturing activity in April improves in sign that the contraction
is slowing, according to purchasing managers' group ISM.
ISM manufacturing index for April improves to highest since September 2008
ISM manufacturing index for April improves to highest since September 2008
5/1/2009 10:03:09 AM EDT
GM shares trade down 8% as Dow paces modest early U.S. pullback
GM shares trade down 8% as Dow paces modest early U.S. pullback
5/1/2009 9:42:24 AM EDT
Thursday, April 30, 2009
Breaking News: Supreme Court's Souter to retire, reports say
WASHINGTON - Justice David Souter has told the White House that he
will retire from the Supreme Court at the end of the court's term in
June, sources tell The Associated Press and National Public Radio.
Dow industrials finish up 7% for April; S&P's monthly gain is biggest since 2000
Dow industrials finish up 7% for April; S&P's monthly gain is biggest
since 2000
4/30/2009 4:06:16 PM EDT
Stocks close flat on a day that American icon Chrysler filed for Chapter 11 bankruptcy.
Stocks close flat on a day that American icon Chrysler filed for
Chapter 11 bankruptcy.
Number of people filing first-time unemployment claims fell 14,000 last week to 631,000, U.S. says. Continuing claims: 6.27 million.
Number of people filing first-time unemployment claims fell 14,000
last week to 631,000, U.S. says. Continuing claims: 6.27 million.
Chrysler says it has filed for Chapter 11 bankruptcy; automaker says it should emerge as a 'leaner' company in 30 to 60 days.
Chrysler says it has filed for Chapter 11 bankruptcy; automaker says
it should emerge as a 'leaner' company in 30 to 60 days.
Initial jobless claims fall, hinting of recovery
Initial jobless claims fall, hinting of recovery
First-time filing for state unemployment benefits fell in the latest
week, a possible sign that the worst of the recession may be over.
CHRYSLER BANKRUPTCY 'IMMINENT' , WSJ
Chrysler is all but certain to file for bankruptcy following a
breakdown in talks between the Treasury and the car maker's lenders,
The Wall Street Journal reports.
BONDHOLDERS PROPOSE TO SWAP DEBT FOR GM CONTROL
General Motors bondholders on Thursday will present a counteroffer to
the automaker's debt swap that would relieve creditors of their $27
billion of debt
in return for a majority stake in the company.
EXXON NET DOWN 58% ON LOWER OIL PRICES
Exxon Mobil Corp. said Thursday first-quarter profit dropped by 58% on
lower oil prices and slack energy demand in the face of the global
recession.
ECONOMIC REPORT: CONSUMER SPENDING TAKES ONE STEP BACK IN MARCH
Consumer spending and incomes take a step back in March after two
steps forward in January, a sign that the improvement in the consumer
sector in the first
quarter was fragile and tentative.
Chrysler to file bankruptcy 'almost immediately'; has reached deal with Fiat to stay in business - senior administration official.
Chrysler to file bankruptcy 'almost immediately'; has reached deal
with Fiat to stay in business - senior administration official.
Obama: 'Every dime of taxpayer money will be repaid' before Fiat takes control of Chrysler. Fiat has agreed to transfer technology.
Obama: 'Every dime of taxpayer money will be repaid' before Fiat takes
control of Chrysler. Fiat has agreed to transfer technology.
Chrysler talks collapse, bankruptcy imminent: WSJ
Chrysler talks collapse, bankruptcy imminent: WSJ
4/30/2009 12:21:32 AM EDT
Wednesday, April 29, 2009
Energy: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in
Thursday's session are ExxonMobil, Procter & Gamble and Comcast.
Bank of America says CEO Ken Lewis has been removed as company chairman but will remain CEO and president.
Bank of America says CEO Ken Lewis has been removed as company
chairman but will remain CEO and president.
Breaking News: WHO raises flu alert level to phase 5
GENEVA (AP) - The World Health Organization has raised its pandemic
alert for swine flu to the second highest level, meaning that it
believes a global outbreak of the disease is imminent. WHO says the
phase 5 alert means there is sustained human-to-human spread in at
least two countries. It also signals that efforts to produce a vaccine
will be ramped up.
Stocks fall back from day's highs but end up after Fed keeps rates near zero. Dow closes 164 points higher. Nasdaq, S&P up 2%.
Stocks fall back from day's highs but end up after Fed keeps rates
near zero. Dow closes 164 points higher. Nasdaq, S&P up 2%.
Breaking News Wed., April 29, 2009
World Health Organization Raises Alert Level for Swine Flu to Phase 5.
[4:11 p.m.]
Fed calls U.S. economic outlook modestly improved; target rates unchanged
Fed calls U.S. economic outlook modestly improved; target rates unchanged
4/29/2009 2:17:55 PM EDT
Economy continues to contract and will stay 'weak for a time,' though outlook has improved since March. Rates stay near zero.
Fed: Economy continues to contract and will stay 'weak for a time,'
though outlook has improved since March. Rates stay near zero.
Dow industrials up 240 points to intraday high after Fed announcement
Dow industrials up 240 points to intraday high after Fed announcement
4/29/2009 2:36:02 PM EDT
Shareholder vote concludes on whether Bank of America CEO Ken Lewis stays chairman; company not sure when results will be released.
Shareholder vote concludes on whether Bank of America CEO Ken Lewis
stays chairman; company not sure when results will be released.
Breaking News Wed., April 29, 2009
Confirmed U.S. Swine Flu Cases Now at 91 [11:24 a.m. ET]
Treasury to auction record $71 billion next week
Treasury to auction record $71 billion next week
The federal government plans to auction a record $71 billion of
securities next week, seeking to raise cash to pay for massive
spending plans designed to get the economy moving again. At this rate,
the debt ceiling will be reached during the second half of the year,
the Treasury says.
E-TRADE SHARES LOSE 30% ON CAPITAL CONCERNS
Shares of E-Trade Financial Corp. were clobbered
Wednesday after the firm reported weaker quarterly financial results
said its regulator has ordered it to beef up its balance sheet,
sparking concern a capital raise could dilute shareholders.
ECONOMIC REPORT: GDP FALLS 6.1% ON RECORD DROP IN INVESTMENTS
The U.S. economy contracts violently again in the first quarter of the
year as business investment declines at a record rate, the Commerce
Department reports.
US STOCKS CLIMB AS FOCUS TURNS TO ECONOMY
U.S. stocks climbed Wednesday as investors focused more intensely on
the U.S. economy, which shrank more quickly than expected but showed a
few signs of life
as well in the first quarter, according to new data. At 10:20 a.m.
EDT, the Dow Jones Industrial Average was up 123 points. The Nasdaq
Composite Index was up 1.8%. The S&P 500 was up 1.7%, helped by gains
in every sector except health
care. It slipped 0.6%, giving back some of the gains it enjoyed the last few
days as buyers bet that drug makers would benefit from the outbreak of swine
flu. Traders are awaiting the outcome of the Federal Reserve's two-day
interest-rate meeting, with a decision due at 2:15 p.m.
CORRECT: U.S. SEES FIRST DEATH FROM SWINE FLU
A 23-month-old has died in Texas, becoming the first U.S. citizen to
die from the swine flu that's left scores dead in Mexico, federal
officials say. President Obama acknowledges a "serious situation."
Dow industrials jump nearly 100 points as U.S. stocks mount opening-bell advance
Dow industrials jump nearly 100 points as U.S. stocks mount opening-bell advance
4/29/2009 9:41:40 AM EDT
Breaking News Wed., April 29, 2009
First U.S. Death From Swine Flu -- 23-Month-Old From Texas -- the CDC
Confirms [6:54 a.m. ET]
Energy: Oil gains 1%, tracking rising U.S. stock futures
Oil futures gained early Wednesday, as rising U.S. stock futures and
dollar weakness boosted sentiment among energy traders, who seemed to
shrug off a worse-than-expected contraction in the American economy.
Economy contracted by 6.1% in first quarter - much worse than expected - after falling 6.3% in the fourth quarter, government says.
Economy contracted by 6.1% in first quarter - much worse than expected
- after falling 6.3% in the fourth quarter, government says.
Stocks open higher, shrugging off a weak reading on the economy, as investors await the Fed's latest policy-making statement.
Stocks open higher, shrugging off a weak reading on the economy, as
investors await the Fed's latest policy-making statement.
Tuesday, April 28, 2009
Energy: Weak bank earnings may drag Hong Kong shares
Shares of Bank of China and Bank of Communications are expected to
drop further, pressuring the broader market in Hong Kong, after both
report a decline in first-quarter net interest income.
Breaking News Tue., April 28, 2009
Senate Confirms Kathleen Sebelius 65 to 31 as Health and Human
Services Secretary [6:05 PM EST]
Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Visa, General Dynamics and Aetna.
Home prices in 20 major cities fall for 31st month; rate of decline slows for 1st time since Oct. 2007, says S&P Case-Shiller.
Home prices in 20 major cities fall for 31st month; rate of decline
slows for 1st time since Oct. 2007, says S&P Case-Shiller.
Breaking News: GOP Sen. Specter to switch parties, sources say
WASHINGTON (AP) - Sources say veteran GOP Sen. Arlen Specter of
Pennsylvania intends to switch parties. The move would help Democrats
in their quest to form a 60-vote filibuster-resistant majority in the
Senate.
Breaking News Tue., April 28, 2009
Senior GOP Sen. Arlen Specter to Switch Parties, Become Democrat [12:06 p.m. ET]
Stocks end down after a choppy session amid worries about swine flu and U.S. banks. Dow drops 12 points, Nasdaq and S&P also down.
Stocks end down after a choppy session amid worries about swine flu
and U.S. banks. Dow drops 12 points, Nasdaq and S&P also down.
Pace of home-price declines eases in February
Pace of home-price declines eases in February
Home prices fall in February for the 31st month in a row, but at a
slower pace than in January.
WHO RAISES ALERT LEVEL AS SWINE FLU CASES RISE
The number of confirmed and suspected cases of swine flu worldwide
rises as the World Health Organization increases its alert level on
the deadly disease.
CITI, B. OF A. MAY NEED MORE CAPITAL: WSJ
Federal regulators in the U.S. have told Bank of America Corp. and
Citigroup Inc. that the banks may need to raise more capital based on
early results of the government's so-called stress tests of lenders,
according to a U.S. media report Tuesday.
GENERICS, STRONG DOLLAR WEIGH ON PFIZER'S EARNINGS
Pfizer posts modestly lower first-quarter earnings, due largely to
fluctuations in foreign-currency rates and increased generic
competition for some of its drugs.
DAIMLER LOSES $1.7 BLN AS CAR, TRUCK SALES FALL
Daimler says it lost 1.29 billion euros ($1.7 billion) during the
first quarter as sales of everything from luxury cars to 18-wheel
trucks slumped.
Monday, April 27, 2009
Breaking News Mon., April 27, 2009
U.S. State Dept. Issues Travel Alert for Mexico Due to the Swine Flu
Threat [6:44 PM EST]
Breaking News: WHO raises swine-flu alert level
MEXICO CITY (AP) - Mexico says the World Health Organization has
raised its pandemic alert for swine flu by one level, two steps short
of declaring a full-blown pandemic. WHO says the phase 4 alert is
defined as sustained human-to-human transmission causing outbreaks in
at least one country. It signals a significant increase in the risk of
a global epidemic, but doesn't mean a pandemic is inevitable. WHO has
confirmed human cases of swine flu in Mexico, the United States,
Canada and Spain.
U.S. stocks finish in the red; GM gains 20% on stepped-up restructuring
U.S. stocks finish in the red; GM gains 20% on stepped-up restructuring
4/27/2009 4:03:17 PM EDT
GM to cut jobs, offers $27 bln stock-for-debt deal
GM to cut jobs, offers $27 bln stock-for-debt deal
General Motors Corp. says Monday it will seek to exchange common stock for more
than $27 billion in public debt as part of a restructuring plan.
EMERGING MARKETS REPORT: MEXICAN PESO, STOCKS TUMBLE ON SWINE FLU WORRIES
Mexico's currency and stocks fall sharply, as investors worry that the
deadly swine-flu outbreak will inflict further damage on the nation's
economy, already
suffering from the global recession.
NICHE ANTIVIRAL DRUGMAKERS ROCKET ON FLU NEWS
Anti-viral developers Gilead Sciences, Roche and GlaxoSmithKline PLC
rose Monday on fears that the swine flu outbreak that started in
Mexico could becomea global pandemic.
AIRLINE STOCKS: AIRLINE SHARES SLUMP AS SWINE FLU CASES INCREASE
Airlines shares took a dive on Monday as fear mounted that the swine
flu outbreak started in Mexico could spread globally and lead to a
sharp drop in air travel at a time when carriers are already
struggling to cope with recession.
MORE THAN 250 BANKS HAVE REFUSED BAILOUT: REPORT
More than 250 banks and other financial institutions have withdrawn
their applications for capital injections from the Treasury
Department, raising concerns among regulators, according to a report
by the Treasury.
Energy: Losses exceed broader market as swine flu hits oil
Energy stocks fell more deeply than the broad market Monday as oil
prices retreated on jitters about a global flu epidemic.
GM says it will cut another 21,000 jobs, kill Pontiac by 2010, cut more dealerships and restructure debt.
GM says it will cut another 21,000 jobs, kill Pontiac by 2010, cut
more dealerships and restructure debt.
UAW reaches settlement agreement with Chrysler, Fiat and U.S. government - key step in final efforts to avoid bankruptcy
UAW reaches settlement agreement with Chrysler, Fiat and U.S.
government - key step in final efforts to avoid bankruptcy
Hang Seng Index tumbles more than 2%, with flu worries weighing
Hang Seng Index tumbles more than 2%, with flu worries weighing
4/26/2009 10:34:22 PM EDT
Influenza fears weigh in London, airlines down
London stocks fall on Monday, with investors selling shares of travel
and tourism companies on fears an outbreak of swine flu could turn
into a pandemic and restrict movement around the globe.
Sunday, April 26, 2009
Breaking News Sun., April 26, 2009
Eight N.Y. High School Students Test Positive for Swine Flu, N.Y. Mayor Says
