Saturday, June 13, 2009
Breaking News: Ahmadinejad wins Iranian election
TEHRAN, Iran (AP) -- Iran's government says incumbent Mahmoud
Ahmadinejad has won the country's presidential election, securing over
62 percent of the vote. Top opposition contender Mir Hossein Mousavi
takes less than 34 percent in a result disputed by his supporters.
Energy: Nigeria Militants Claim Attack On Chevron Pipeline
Nigerian militants say they had attacked Chevron Corp.'s pipelines,
the latest sabotage claim against the U.S. major since the start of an
offensive against the rebels.
Friday, June 12, 2009
Breaking News: Dow turns positive for the year
The Dow Jones industrial average gained 28.34 points to close at
8,799.26 on Friday, moving into positive territory for the year for
the first time since early January.
Breaking News Fri., June 12, 2009
Iranian State Media Calls Election for Ahmadinejad; Rival Also Claims
Victory [3:35 p.m. ET]
Dow turns higher for 2009, closing up 30 points Friday. Nasdaq slips 4 points, and the S&P was little changed.
Dow turns higher for 2009, closing up 30 points Friday. Nasdaq slips 4
points, and the S&P was little changed.
Breaking News Fri., June 12, 2009
U.N. Security Council Approves Tough New Sanctions Against North Korea
[12:23 p.m. ET]
Breaking News Fri., June 12, 2009
'Clark Rockefeller' Found Guilty of Kidnapping and Assault With a
Dangerous Weapon [11:49 a.m. ET]
Stimulus fraud could hit $50 billion
Stimulus fraud could hit $50 billion
Swindlers, con men, and thieves could siphon off as much as $1 out of
every $10 in stimulus money spent as billions of dollars begin flowing
into all corners
of the economy in coming months, a consultant says.
BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.
BLACKROCK SNARES BGI IN $13.5 BILLION DEAL
BlackRock agrees to buy Barclays Global Investors in a $13.5 billion
cash-and-shares deal that will create the world's largest asset manager.
BLACKROCK'S BGI BUY IS A MIXED BLESSING: ANALYSTS
The U.S. finance group's acquisition of Barclay's fund-management unit
may result in get some cost savings but could also stunt the new
entity's ability to capitalize on some investments.
BGI SALE RELIEVES CAPITAL CONCERNS OVER BARCLAYS
Barclays' $13.5 billion sale of its asset management business to BlackRock
relieves the immediate worries over the bank's capital, analysts said,
though it also increases the group's reliance on investment banking to
generate earnings.
Energy: Oil retreats after three-session climb
Oil futures head lower in electronic trading, poised to end a winning
streak that spanned three sessions and lifted prices by nearly 7%.
Mild improvement in June consumer sentiment: University of Michigan survey
Mild improvement in June consumer sentiment: University of Michigan survey
6/12/2009 9:56:55 AM EDT
Stocks open lower as investors remain cautious about the pace of an economic recovery.
Stocks open lower as investors remain cautious about the pace of an
economic recovery.
Thursday, June 11, 2009
Stocks end slightly higher, but the Dow retreats from a triple digit run-up and is still down for the year.
Stocks end slightly higher, but the Dow retreats from a triple digit
run-up and is still down for the year.
Lewis: Fed asked us to delay any Merrill break-up
Lewis: Fed asked us to delay any Merrill break-up
The chief executive of Bank of America tells lawmakers that government
officials pressed him to buy Merrill Lynch even after he became aware
of major losses at the investment bank.
TESTIMONY OF BANK OF AMERICA CEO KENNETH LEWIS
The text of the prepared testimony that Kenneth Lewis, chief executive
of Bank of America, delivered Thursday before a House Oversight and
Government Reform
subcommittee looking into the banking giant's controversial acquisition of
Merrill Lynch.
FED CRITICIZED B. OF A. OVER MERRILL DEAL: REPORT
U.S. Federal Reserve officials criticized Bank of America in email
comments after the banking giant attempted to withdraw from its effort
to buy Merrill
Lynch, congressional investigators find.
B. OF A. GETS UPGRADE ON CAPITAL RAISES, VALUATION
Bank of America Corp. and its chief executive, Ken Lewis, continue to
face heat over the controversial acquisition of Merrill Lynch, but one
Wall Street analyst says the banking giant's ability to raise capital
removes some uncertainty and makes the stock a buy.
MUNI BONDS EXPECTED TO CONTINUE HOT STREAK
Municipal bonds, generally considered a conservative asset, have had
their best six-month performance in 14 years as they recovered from
the turbulence of the financial crisis. What's more, investors believe
more outsized gains are in the cards.
Breaking News Thu., June 11, 2009
World Health Organization Declares Swine Flu a Pandemic, Upgrades
Warning Level to 6 -- Its Highest [10:59 a.m. ET]
Breaking News: WHO to declare swine flu a pandemic
GENEVA (AP) - The World Health Organization has told its member
nations it is declaring a swine flu pandemic - the first global flu
epidemic in 41 years.
Energy: Oil climbs on Globex to just short of $72
Futures Movers - Oil climbs on Globex to just short of $72
Stock rally accelerates - Dow jumps over 100 points - as investors cheer strong retail sales and improved jobless claims numbers.
Stock rally accelerates - Dow jumps over 100 points - as investors
cheer strong retail sales and improved jobless claims numbers.
Positive signs: Initial jobless claims fell last week to 601,000 and retail sales posted its first gain in three months, U.S. says.
Positive signs: Initial jobless claims fell last week to 601,000 and
retail sales posted its first gain in three months, U.S. says.
World Health Organization set to raise swine-flu alert to highest level: reports
World Health Organization set to raise swine-flu alert to highest level: reports
6/11/2009 10:03:37 AM EDT
Stocks open higher as investors react to an increase in retail sales and a better-than-expected report on initial jobless claims.
Stocks open higher as investors react to an increase in retail sales
and a better-than-expected report on initial jobless claims.
Wednesday, June 10, 2009
Breaking News Wed., June 10, 2009
Holocaust Museum Security Guard Who Was Shot Earlier Today Has Died
[4:30 p.m. ET]
Major indexes end weaker, pressured by rising bond yields and crude prices
Major indexes end weaker, pressured by rising bond yields and crude prices
6/10/2009 4:07:23 PM EDT
Dow closes down 24 points as inflation fears grip markets. Nasdaq and S&P also finish in the red.
Dow closes down 24 points as inflation fears grip markets. Nasdaq and
S&P also finish in the red.
Oil settles at 7-1/2 month high of $71.33 a barrel, up $1.32.
Oil settles at 7-1/2 month high of $71.33 a barrel, up $1.32.
Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
6/10/2009 1:26:40 PM EDT
Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
Ten-year Treasury yields hit 8-month high after auction; stocks at day's lows
6/10/2009 1:26:40 PM EDT
Oil surpasses $71 a barrel as inventories fall
Oil surpasses $71 a barrel as inventories fall
Crude-oil futures surpass $71 a barrel after government data show a
surprising decline in inventories.
NATURAL GAS COULD SEE SHARP REBOUND THIS YEAR
Futures contracts suggest natural-gas, the worst performing major
commodity this year, could see a big rebound when winter demand picks
up later this year.
TREASURYS DOWN AHEAD OF 10-YEAR-NOTE AUCTION
Treasury prices decline, pushing 10-year yields back to the highest since
November, before the government sells $19 billion of the benchmark
securities in its second of three big auctions this week.
CITI FINALIZES DEAL TO MAKE U.S. LARGEST HOLDER
Citigroup completes a multibillion-dollar securities swap agreement
with the U.S. government to bolster the embattled bank's
capitalization.
E-TRADE AND CITADEL TALK AID: WSJ
E-Trade Financial is working with largest shareholder Citadel
Investment Group on ways to steady its financial position, according
to a Wall Street Journal report. Shares of E-Trade are poised to trade
higher in Wednesday's action.
U.S. trade deficit reaches $29.2 billion in April, wider by 2.2% from March
U.S. trade deficit reaches $29.2 billion in April, wider by 2.2% from March
6/10/2009 8:31:49 AM EDT
Breaking News Wed., June 10, 2009
Chrysler Completes Sale of Good Assets to Fiat, Forming New Company
Led by Fiat CEO [9:53 a.m. ET]
Geithner will name Washington attorney Kenneth Feinberg as 'pay czar' to oversee executive pay.
Geithner will name Washington attorney Kenneth Feinberg as 'pay czar'
to oversee executive pay.
Stocks open higher. Surging oil prices lift energy stocks, Home Depot's upbeat outlook boosts blue chips; Chrysler deal cleared.
Stocks open higher. Surging oil prices lift energy stocks, Home
Depot's upbeat outlook boosts blue chips; Chrysler deal cleared.
Breaking News: Fiat buys Chrysler assets
Done deal: Italian automaker Fiat buys Chrysler assets, clearing the
way for Chrysler to emerge from bankruptcy.
Tuesday, June 09, 2009
Supreme Court lifts stay on Chrysler-Fiat deal, reports say
Supreme Court lifts stay on Chrysler-Fiat deal, reports say
6/9/2009 7:42:13 PM EDT
Markets end mixed. Nasdaq ticks higher as Dow ends slightly lower, after briefly climbing into positive territory for the year.
Markets end mixed. Nasdaq ticks higher as Dow ends slightly lower,
after briefly climbing into positive territory for the year.
Crude gains nearly 3% to close atop $70 a barrel
BULLETIN: Crude gains nearly 3% to close atop $70 a barrel
6/9/2009 3:06:08 PM EDT
Treasury: Ten banks can repay $68 billion in TARP
TEN BANKS CAN REPAY $68 BILLION IN TARP
A group of 10 large financial institutions are given the go-ahead by the
Treasury Department to repay $68 billion in funds they received as
part of the government's almost $200 billion bank bailout program.
FINANCIAL SECTOR QUIET AFTER TARP-PAYBACK DETAILS
The Treasury Department is set to announce that it will allow as many
as 10 banks to repay the funds they've borrowed under the Troubled
Asset Relief Program, according to press reports.
GEITHNER TO BANKS: IT'S SAFE TO COME OUT
For better or worse, Treasury Secretary Timothy Geithner is shouting
an "all clear" to the banking industry. Time will tell if the threats
have truly
receded.
HOW SHEILA BAIR IS CHANNELING DONALD TRUMP
When it comes to bankers she doesn't like, Sheila Bair is channeling
Donald Trump in his TV show "The Apprentice" by saying, "You're
fired."
HOW SHEILA BAIR IS CHANNELING DONALD TRUMP
When it comes to bankers she doesn't like, Sheila Bair is channeling
Donald Trump in his TV show "The Apprentice" by saying, "You're
fired."
Treasury Department says 10 of the largest bailed out banks can repay government funds totaling $68 billion.
Treasury Department says 10 of the largest bailed out banks can repay
government funds totaling $68 billion.
Stocks open higher as investors await news about which banks may be OK'd to repay bailout funds.
Stocks open higher as investors await news about which banks may be
OK'd to repay bailout funds.
Energy: Asia shares end lower; traders wary of recovery
Asian shares finished mostly lower Tuesday as investors turned
cautious on concern that recent market gains were getting ahead of the
pace of economic recovery.
Energy: Oil climbs but still below $69
Oil futures edge higher in electronic trading, finding support from a
weaker dollar as traders gauged the prospects for this week's data on
U.S. petroleum inventories.
Monday, June 08, 2009
Breaking News: Supreme Court halts sale of Chrysler to Fiat
WASHINGTON (AP) - The U.S. Supreme Court has granted a request to
delay the planned sale of Chrysler to a group led by Italian automaker
Fiat. Justice Ruth Bader Ginsburg said in an order that the sale is
"stayed pending further order." The action indicates that the delay
may only be temporary.
Stocks end flat after recovering from triple digit losses after volatile day of trading.
Stocks end flat after recovering from triple digit losses after
volatile day of trading.
With 30 minutes left in the session, Dow erases triple digit losses.
With 30 minutes left in the session, Dow erases triple digit losses.
Apple introduces new iPhone - called the iPhone 3GS. Twice as fast as current version, company says.
Apple introduces new iPhone - called the iPhone 3GS. Twice as fast as
current version, company says.
Chrysler fight goes to U.S. Supreme Court: Journal
Chrysler fight goes to U.S. Supreme Court: Journal
Chrysler's sale is being challenged in an emergency appeal to the U.S.
Supreme Court by a group of Indiana pension funds that argue that the
sale is unconstitutional, The Wall Street Journal reports.
AIRLINES TO LOSE NEARLY $9 BLN IN 2009: IATA
The world's airlines are set to collectively lose $9 billion this year --
nearly double the previous projection -- as worried consumers cut down
on air travel and the economic downturn bites into cargo traffic, an
industry body says.
AIRLINES TO LOSE NEARLY $9 BLN IN 2009: IATA
The world's airlines are set to collectively lose $9 billion this year --
nearly double the previous projection -- as worried consumers cut down
on air travel and the economic downturn bites into cargo traffic, an
industry body says.
CHINA EASTERN, SHANGHAI AIR PLAN MERGER: REPORTS
Shares of China Eastern and Shanghai Airlines are halted, as various
reports say a merger between the two companies is imminent.
OIL FUTURES EDGE LOWER IN VOLATILE TRADING
Crude-oil futures fall below $68 a barrel in Globex electronic trading,
extending losses seen in the previous session as demand for energy remains weak.
U.S. stocks stage retreat; Dow industrials off as much as 125 points in opening hour
U.S. stocks stage retreat; Dow industrials off as much as 125 points
in opening hour
6/8/2009 10:43:04 AM EDT
Wall Street opens lower as investors pull back on the heels of a three-month rally. Dow, S&P 500, Nasdaq all head into the red.
Wall Street opens lower as investors pull back on the heels of a
three-month rally. Dow, S&P 500, Nasdaq all head into the red.
Sunday, June 07, 2009
Breaking News Sun., June 7, 2009
Brazilian Military Says Searchers Have Now Recovered 17 Bodies From
the Air France Crash
Breaking News Sun., June 7, 2009
Roger Federer Wins French Open -- His 14th Major Title, Which Ties
Pete Sampras' Record
