Saturday, June 06, 2009
Breaking News Sat., June 6, 2009
Brazil Official: Bodies, Debris Found in Air France Plane Search
Friday, June 05, 2009
Regulators seize Ill.-based Bank of Lincolnwood; 37th bank failure of 2009
Regulators seize Ill.-based Bank of Lincolnwood; 37th bank failure of 2009
6/5/2009 6:27:52 PM EDT
Stocks lock in week's rally, with Dow up 3% and Nasdaq rising 4%
Stocks lock in week's rally, with Dow up 3% and Nasdaq rising 4%
6/5/2009 4:15:15 PM EDT
Surge since early March suggests new bull run
Surge since early March suggests new bull run
The 13-week surge that followed the stock market's early March lows
ranks second only to the bull run that followed the Great Depression
and is among less than 20 similar rises for the Dow Jones Industrial
Average – statistics that are giving one investment strategist hope
for a new bull market.
INTENSE JOB DESTRUCTION MODERATES IN MAY
The U.S. unemployment rate jumps to a 26-year high of 9.4% in May as
345,000 payroll jobs are lost, the Labor Department reports. The drop
in payrolls comes in much lower than forecast, but the jobless rate
runs hotter than economists had expected.
FRIDAY'S BIGGEST GAINING AND DECLINING STOCKS
Rio Tinto, Guess, DuPont and Boston Properties are among the stocks
moving in Friday's action.
Energy: Energy stocks move lower as oil runs out of steam
Energy stocks trade lower as investors weigh the implications of a
better-than-expected U.S. jobs report against flat oil prices and
prospects for fresh oil and gas regulations in Washington.
Oil hits 7-month high atop $70 a barrel
Oil hits 7-month high atop $70 a barrel
6/5/2009 8:37:36 AM EDT
U.S. lost 345,000 jobs in May, fewest losses since September; unemployment rate rises to 25-year high of 9.4%.
U.S. lost 345,000 jobs in May, fewest losses since September;
unemployment rate rises to 25-year high of 9.4%.
U.S. stocks open higher after fewer jobs lost in May than expected
U.S. stocks open higher after fewer jobs lost in May than expected
6/5/2009 9:32:52 AM EDT
Thursday, June 04, 2009
SEC accuses Countrywide founder Angelo Mozilo of insider trading that brought him $140 million in profit.
SEC accuses Countrywide founder Angelo Mozilo of insider trading that
brought him $140 million in profit.
Stocks close near session highs, led by energy, financial and tech shares. Dow climbs 68 points. Nasdaq, S&P 500 up about 1%.
Stocks close near session highs, led by energy, financial and tech
shares. Dow climbs 75 points. Nasdaq, S&P 500 up about 1%.
Energy: Stocks up in Toronto, BOC leaves rates unchanged
Canada's benchmark index rises on gains in gold and energy sectors,
while the Bank of Canada leaves its target overnight rate near zero
and said it expects to hold to that level until later next year.
Stocks in focus for Thursday
Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in
Thursday's session are Ciena, Guess and Cooper.
EUROPE SHARES CHOPPY, OIL PRODUCERS OFFSET MINERS
European shares edged higher in a choppy session on Thursday, as gains
for oil producers offset losses from mineral extractors, with
uncertainty about the economic backdrop persisting.
COMMODITY STOCKS DRAG ON ASIAN MARKETS
Most Asian equity markets stage a retreat Thursday, with resource stocks
leading the fall after an overnight pullback in commodity prices.
ECB, BANK OF ENGLAND LEAVE RATES UNCHANGED
The European Central Bank will begin purchases of covered bonds next
month, ECB President Jean-Claude Trichet said Thursday, embarking on
an unconventional and controversial round of monetary policy making in
an effort to boost credit flow within the 16-nation euro zone.
DOLLAR SLIPS VS. EURO AFTER ROSY ECB FORECAST
The dollar edges down against the euro, gains on the pound after
European andU.K. central banks meet.
Stocks edge up as investors digest positive reading on weekly jobless claims, look ahead to monthly employment report.
Stocks edge up as investors digest positive reading on weekly jobless
claims, look ahead to monthly employment report.
Breaking News Thu., June 4, 2009
New Jobless Claims Drop to 621,000; Continuing Claims Also Fall for
First Time in 20 Weeks [8:35 a.m. ET]
Wednesday, June 03, 2009
U.S. stocks finish lower after four days of gains; energy drags down Dow
U.S. stocks finish lower after four days of gains; energy drags down Dow
6/3/2009 4:13:22 PM EDT
Stocks' four-day rally ends. Mixed readings on economy and wary outlook from Fed's Bernanke send markets into the red.
Stocks' four-day rally ends. Mixed readings on economy and wary
outlook from Fed's Bernanke send markets into the red.
Oil falls $2.43 to settle at $66.12 after a weekly government report says crude supplies rose unexpectedly.
Oil falls $2.43 to settle at $66.12 after a weekly government report
says crude supplies rose unexpectedly.
Stock investors look to Friday's unemployment data
Stock investors look to Friday's unemployment data
Stock investors on Wednesday paused from a streak of gains to consider
the impact of Friday's jobs report, and whether a decline in the
magnitude of bad news would be enough to sustain Wall Street's recent
momentum.
BERNANKE SEES GRADUAL RECOVERY, LOW INFLATION
Federal Reserve Board Chairman Ben Bernanke tells Congress that a
gradual recovery remains on track for this year, and inflation would
remain low given the slow pace of recovery.
CITI CUTS ITS STANCE ON RUSSIAN EQUITIES
Citigroup cut its stance on the Russian equity market to underweight from
overweight, saying its massive rally over the past three months means
valuations are no longer cheap.
INDEX SIGNALS RETURN TO GROWTH FOR U.K. SERVICES
Purchasing managers in Britain's services sector
reported the first rise in activity in 13 months in May, according to a
closely-watched index released Wednesday. See full story.
INDEX SIGNALS RETURN TO GROWTH FOR U.K. SERVICES
Purchasing managers in Britain's services sector
reported the first rise in activity in 13 months in May, according to a
closely-watched index released Wednesday.
Private-sector jobs fell 532,000 in May - worse than expected but better than in April - says payroll-processing firm ADP.
Private-sector jobs fell 532,000 in May - worse than expected but
better than in April - says payroll-processing firm ADP.
Oil prices extend decline after government reports surprise increase in crude stockpiles.
Oil prices extend decline after government reports surprise increase
in crude stockpiles.
Breaking News Wed., June 3, 2009
Princeton University on Lockdown After Reports of a Gunman on Campus
[11:17 a.m. ET]
Bernanke says economic contraction slowing, but likely job losses and other concerns remain; U.S. budget problems must be addressed.
Bernanke says economic contraction slowing, but likely job losses and
other concerns remain; U.S. budget problems must be addressed.
Stocks open lower, with three major indexes sliding despite some positive signs in the job market.
Stocks open lower, with three major indexes sliding despite some
positive signs in the job market.
Tuesday, June 02, 2009
Wall Street closes with a gain as a hopeful housing report and better-than-expected auto sales help stocks edge higher.
Wall Street closes with a gain as a hopeful housing report and
better-than-expected auto sales help stocks edge higher.
Energy: U.S. stocks turn to China for next leg of rally
U.S. stocks, taking a page ripped out of the pre-financial crisis
commodities playbook, are increasingly looking to China's strength for
the next leg of the current rally.
Stocks edge lower at open as investors await key home and auto sales data. Dow eases 8 points.
Stocks edge lower at open as investors await key home and auto sales
data. Dow eases 8 points.
U.S. pending-home-sales index up for third straight month
U.S. pending-home-sales index up for third straight month
6/2/2009 10:01:15 AM EDT
Dow adds to gains, briefly rises above last year's closing level of 8,776.39.
Dow adds to gains, briefly rises above last year's closing level of 8,776.39.
Stocks edge lower at open as investors await key home and auto sales data. Dow eases 8 points.
Stocks edge lower at open as investors await key home and auto sales
data. Dow eases 8 points.
Monday, June 01, 2009
Stocks surge almost 230 points as investors are encouraged by a stronger-than-expected manufacturing report, shrugging off GM's woes.
Stocks surge almost 230 points as investors are encouraged by a
strongerthan-expected manufacturing report, shrugging off GM's woes.
Oil surges $2.27 to settle at $68.58 a barrel as stock market rallies. Dow up over 200 points with about an hour of trading left.
Oil surges $2.27 to settle at $68.58 a barrel as stock market rallies.
Dow up over 200 points with about an hour of trading left.
Breaking News: GM files for bankruptcy protection
It's official: General Motors has filed for bankruptcy protection as
part of an Obama administration plan to shrink the automaker to a
sustainable size and give a majority ownership stake to the federal
government.
GM and Citigroup out of blue-chip Dow; Cisco, Travelers join index
GM and Citigroup out of blue-chip Dow; Cisco, Travelers join index
6/1/2009 9:17:28 AM EDT
Obama: GM has come up with a "viable, achieveable" plan to survive.
Obama: GM has come up with a "viable, achieveable" plan to survive.
General Motors files for bankruptcy
GENERAL MOTORS FILES FOR BANKRUPTCY
General Motors Co. files for bankruptcy Monday morning, after months of
speculation and attempts by the government to help the 100-year-old company.
QUARTER MILLION JOBS COULD BE LOST IN BANKRUPTCIES
Once-mighty GM has shrunk so much that its bankruptcy may be hardly
noticed by an economy that has much bigger problems.
BANKRUPTCY JUDGE OK'S CHRYSLER SALE TO FIAT
The revamped Chrysler could exit bankruptcy as soon as Monday after a
U.S.bankruptcy court overseeing its Chapter 11 proceeding cleared a $2
billion transaction in connection with the deal involving Italy's
Fiat.
FORD'S SURVIVAL STRIKES A CHORD WITH CONSUMERS
The specter of a potential bankruptcy from
General Motors Corp. has given rival Ford Motor Co. a leg up in recent
monthsas new-car shoppers have leaned toward the more stable of the
two companies.
Dow extends surge, up by 200 points, after GM files for bankruptcy and new economic reports show strength.
Dow extends surge, up by 200 points, after GM files for bankruptcy and
new economic reports show strength.
Energy: Strength in commodities rallies Asian shares
Commodity-related companies are among the big winners in Asian trade,
finding support from hefty gains in prices for oil and metals over the
past month. But not all analysts are sure that the strength is built
on stable ground.
Sunday, May 31, 2009
U.S. providing GM with $30 billion financing; bankruptcy to last 60-90 days
U.S. providing GM with $30 billion financing; bankruptcy to last 60-90 days
5/31/2009 10:01:00 PM EDT
U.S. to get 60% stake in GM and invest $30B in new bailout funds – 8 a.m. ET bankruptcy planned. Obama to address nation at noon.
U.S. to get 60% stake in GM and invest $30B in new bailout funds – 8
a.m. ET bankruptcy planned. Obama to address nation at noon.
GM to file bankruptcy Mon. a.m.; will name Al Koch as restructuring officer - WSJ
GM to file bankruptcy Mon. a.m.; will name Al Koch as restructuring
officer - WSJ
5/31/2009 4:30:20 PM EDT
Breaking News Sun., May 31, 2009
A Suspect Is in Custody in the Killing of Controversial Abortion Dr.
George Tiller, a Source Tells.
Energy: China hiking gas, diesel prices, official says
China hiking gas, diesel prices, official says
Breaking News Sun., May 31, 2009
Reports: Noted Abortion Doctor George Tiller Shot Dead at Kansas Church
Majority of GM bondholders back debt-for-equity deal
BULLETIN: Majority of GM bondholders back debt-for-equity deal
5/31/2009 9:58:43 AM EDT
