Saturday, May 23, 2009
Regulators seize Ill.-based Citizens National Bank; 36th failure of '09
Regulators seize Ill.-based Citizens National Bank; 36th failure of '09
5/22/2009 7:58:35 PM EDT
Friday, May 22, 2009
President Obama signs credit card reform act, bringing changes early next year to restrict unpopular practices.
President Obama signs credit card reform act, bringing changes early
next year to restrict unpopular practices.
U.S. indexes close lower after GM's late-day skid turns Dow red
U.S. indexes close lower after GM's late-day skid turns Dow red
5/22/2009 4:02:20 PM EDT
Energy: Gasoline rises again, but may soon level off
Average U.S. gasoline prices at the pump continue their traditional
summer rise by moving up to $2.39 a gallon, but further increases
remain uncertain in the face of the recession, as the summer driving
season gears up this Memorial Day weekend.
Energy: Crude gains as dollar weakens
NEW YORK
Crude-oil futures rose Friday, extending their weekly gains to more
than 8%, as a weakening dollar raised dollar-denominated oil prices.
Breaking News Fri., May 22, 2009
NASA Scrubs All Shuttle Landing Attempts Today Due to Bad Weather in
Florida [8:18 a.m. ET]
Stocks open higher as investors' fears about the economic recovery cool. Dow rises 35 points, S&P and Nasdaq up slightly.
Stocks open higher as investors' fears about the economic recovery
cool. Dow rises 35 points, S&P and Nasdaq up slightly.
Thursday, May 21, 2009
Treasury injects $7.5 billion more in GMAC; government may end up with majority stake
Treasury injects $7.5 billion more in GMAC; government may end up with
majority stake
5/21/2009 6:33:25 PM EDT
Dow industrials close down 130 points; dollar falls to lowest level of the year
Dow industrials close down 130 points; dollar falls to lowest level of the year
5/21/2009 4:04:30 PM EDT
Stock selloff accelerates: Dow drops 200 points. S&P, Nasdaq down 3% after ratings agency downgrades U.K. outlook to 'negative.'
Stock selloff accelerates: Dow drops 200 points. S&P, Nasdaq down 3%
after ratings agency downgrades U.K. outlook to 'negative.'
Oil retreats from Wednesday's 6-month high, settling down 99 cents at $61.05 a barrel, as stocks also drop.
Oil retreats from Wednesday's 6-month high, settling down 99 cents at
$61.05 a barrel, as stocks also drop.
UAW says it has reached a deal with Treasury and GM on changes to 2007 labor agreement.
UAW says it has reached a deal with Treasury and GM on changes to 2007
labor agreement.
Breaking News Thu., May 21, 2009
Continuing Jobless Claims Rise to 6.7M While New Claims Sink to
631,000 [8:50 a.m. ET]
Number of people filing first-time unemployment claims fell 12,000 last week to 631,000, U.S. says. Continuing claims: 6.6 million.
Number of people filing first-time unemployment claims fell 12,000
last week to 631,000, U.S. says. Continuing claims: 6.6 million.
Stocks slump - Dow sinks 100 points - amid ongoing jitters about the pace of an economic recovery following a dismal jobs report.
Stocks slump - Dow sinks 100 points - amid ongoing jitters about the
pace of an economic recovery following a dismal jobs report.
U.S. leading economic indicators rise in April -- first upbeat reading in seven months
U.S. leading economic indicators rise in April -- first upbeat reading
in seven months
5/21/2009 10:04:17 AM EDT
Wednesday, May 20, 2009
Energy: Proposal to scrap building energy codes fails
A Republican amendment that would have scrapped proposed
energy-efficiency codes for buildings fails during a House Energy
Committee work session, as members continue to draft a huge bill to
slash global warming and boost renewable energy.
Stocks close lower after the Fed darkens its economic forecast. Dow drops 55 points. S&P, Nasdaq also slip slightly.
Stocks close lower after the Fed darkens its economic forecast. Dow
drops 55 points. S&P, Nasdaq also slip slightly.
Oil settles above $60 a barrel for the first time since Nov. 10, closing at $62.04 a barrel.
Oil settles above $60 a barrel for the first time since Nov. 10,
closing at $62.04 a barrel.
Congress, over banking industry objections, OKs far-reaching measure to crack down on credit card issuers. Obama to sign bill soon.
Congress, over banking industry objections, OKs far-reaching measure
to crack down on credit card issuers. Obama to sign bill soon.
Breaking News Wed., May 20, 2009
Senate Overwhelmingly Blocks Funding for Closing Gitmo, Keeping
Detainees out of the U.S. [12:21 p.m. ET]
Fed releases new forecast on economy, reducing growth targets and raising unemployment expectations.
Fed releases new forecast on economy, reducing growth targets and
raising unemployment expectations.
Energy: Gold rises on weakening dollar, inflation concerns
NEW YOR
Gold futures rose Wednesday to above $930 an ounce, as the U.S. dollar
dropped against the euro for a third straight session amid a cautious
tone in financial markets, increasing gold's investment appeal.
Geithner says financial system is healing, with $123.7 bln in bailout funds yet available
Geithner says financial system is healing, with $123.7 bln in bailout
funds yet available
5/20/2009 9:32:52 AM EDT
Energy: Energy stocks eye inventory data
NEW YORK
Energy stocks rose with the broad market on Wednesday ahead of key
weekly petroleum supply data as oil broke through the $60-a-barrel
mark for the first time in months.
Dow industrials up 100-plus points; GM and B. of A. are top gainers
Dow industrials up 100-plus points; GM and B. of A. are top gainers
5/20/2009 10:05:30 AM EDT
Tuesday, May 19, 2009
Hewlett-Packard reports 17% drop in quarterly profit; shares fall in late trading
Hewlett-Packard reports 17% drop in quarterly profit; shares fall in
late trading
5/19/2009 4:15:00 PM EDT
Stocks step back after Monday's rally. Dow finishes down 30 points, Nasdaq and S&P end essentially flat.
Stocks step back after Monday's rally. Dow finishes down 30 points,
Nasdaq and S&P end essentially flat.
Surge in oil supply puts rally at risk
Major producing nations are ramping up output even as demand sinks and
stockpiles cling to multiple-year highs, raising questions about
whether prices can keep climbing past the key $60 mark.
Energy: Speeding down a Brave New Road
News that the Obama administration is pushing for more fuel-efficient
cars sounded like a page from the Jimmy Carter energy plan, and faces
an ocean of predictable skepticism.
Senate overwhelmingly OKs bill to curb credit card fees; measure includes unrelated gun provision. House likely to vote within days.
includes unrelated gun provision. House likely to vote within days.
Energy: PetroChina buys stakes in eight gas companies
PetroChina Ltd. shares advance in Hong Kong after the energy company
says it acquired stakes in eight domestic natural gas providers from
its parent company for about 1.09 billion yuan ($160 million) and
plans to issue up to 26 billion yuan in medium-term debt.
Housing starts hit record low in April
Housing starts hit record low in April
HOUSING WON'T LEAD THE RECOVERY
Led by a huge drop in apartments and condo construction, U.S. housing
starts cratered again in April, falling 13% to the lowest level in the
post-war era, depressing the bulls and emboldening the bears. But
housing won't lead us out of the recession.
HOME DEPOT PROFIT RISES A BETTER-THAN-EXPECTED 44%
Home Depot's first-quarter profit rises 44%, excluding store-closing
costs, and the Atlanta home-improvement chain sticks to its outlook
for the year.
SAKS SWINGS TO A LOSS AS LUXURY DEMAND FALTERS
Saks Inc. swings to a smaller-than-expected first-quarter loss Tuesday
after the luxury retailer controlled expenses and inventory amid
faltering demand for upscale goods.
MARKS & SPENCER SHARES DROP AS DIVIDEND IS SLASHED
Shares in Marks & Spencer drop more than 7% as bellwether U.K.
retailer reports net income fell 38% and slashes dividend by a third.
Energy: Energy stocks dip, but hold on to recent gains
NEW YORK
Shares of oil and natural gas companies dipped Tuesday as oil prices
held close to $60 a barrel as Wall Street weighed the benefits of
reduced costs for oil drilling against carbon emission caps and auto
gas mileage standards.
Energy: Obama speeds up order for new mileage rules
President Barack Obama will speed up tougher fuel-economy rules for
cars sold in the U.S., a move the White House says will save billions
of barrels of oil and dramatically slash greenhouse gas emissions.
Housing starts and building permits tumble after being expected to rise, signaling continuing struggles in housing market.
Housing starts and building permits tumble after being expected to
rise, signaling continuing struggles in housing market.
Breaking News Tue., May 19, 2009
Space Shuttle Atlantis Releases Hubble Telescope After Extensive
Repairs [8:58 a.m. ET]
Stocks open lower after a government report signals further distress in the housing market.
Stocks open lower after a government report signals further distress
in the housing market.
Stocks open lower after a government report signals further distress in the housing market.
Stocks open lower after a government report signals further distress
in the housing market.
Monday, May 18, 2009
Stocks surge to the finish, as Dow ends up 241 points. S&P, Nasdaq finish up 3%.
Stocks surge to the finish, as Dow ends up 241 points. S&P, Nasdaq finish up 3%.
Stock rally continues as Dow climbs up more than 200 points and S&P pulls above 900.
Stock rally continues as Dow climbs up more than 200 points and S&P
pulls above 900.
Residential builders' sentiment gauge at highest level since Lehman collapse
BULLETIN: Residential builders' sentiment gauge at highest level since
Lehman collapse
5/18/2009 1:02:49 PM EDT
Home prices at most affordable level in at least 18 years; homebuilders' confidence rises for 2nd month in a row - industry group.
Home prices at most affordable level in at least 18 years;
homebuilders' confidence rises for 2nd month in a row - industry
group.
Breaking News Mon., May 18, 2009
A 12th New York City School Closes Because of Swine Flu Fears [12:13 p.m. ET]
Breaking News Mon., May 18, 2009
91-Year-Old Sen. Robert Byrd, D-W.Va, Hospitalized With 'Spike in
Temperature' Says His Office
Stock market looks to housing for direction
Stock market looks to housing for direction
U.S. stock investors zero in on the housing market to gauge economic
growth, with better-than-anticipated earnings from Lowe's helping
boost sentiment.
MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
Stocks making notable moves in Monday's U.S. stock session include
AIG, Bank of America, STMicroelectronics, MGM Mirage and Lennar.
STATE STREET TO OFFER STOCK; BOOKS $3.7 BLN LOSS
State Street launches a $1.5 billion sale of common stock to help pay
back funds received under the government's Troubled Asset Relief
Program.
COSTLY FREEDOM FOR STATE STREET
It's a good day for State Street's Ronald Logue. His bank on Monday
announced a plan to repay funds it received under the Troubled Asset
Relief Program. Once
the process is complete, the bank won't be subject to such government
restrictions as pay limits.
BUFFETT LIFTED BERKSHIRE STAKE IN WELLS FARGO
A regulatory filing shows Berkshire Hathaway Chairman Warren Buffett
lifted his company's stake in Wells Fargo during the first quarter as
shares of the giant
bank swooned.
Energy: Sector jumps along with broad market, oil prices
Energy stocks perked up with oil prices on Monday, as a blast in
Nigeria over the weekend and an expected deal between Petrobras and
China shaped the landscape.
India's Sensex leaps 10.7% at open, following Congress election victory
India's Sensex leaps 10.7% at open, following Congress election victory
5/18/2009 12:29:47 AM EDT
Energy: Crude rises on Nigeria, higher global equities
Crude-oil futures rebound, up more than 2% on the heels of last week's
4% pullback, as global stocks move higher and as concerns rise that
militant unrest in Nigeria may disrupt supplies from Africa's biggest
oil producer.
Stocks rally at the open - Dow surges 100 points. Lowe's issues an upbeat outlook; financial shares lift broader market.
Stocks rally at the open - Dow surges 100 points. Lowe's issues an
upbeat outlook; financial shares lift broader market.
