Friday, July 24, 2009
Subsidiaries of Security Bank of Georgia taken over; U.S. bank failures now at 64
Subsidiaries of Security Bank of Georgia taken over; U.S. bank
failures now at 64
7/24/2009 6:17:45 PM EDT
FDIC takes over bank in upstate New York in 58th failure of the year
FDIC takes over bank in upstate New York in 58th failure of the year
7/24/2009 5:51:57 PM EDT
Mixed end to stocks' week: Dow and S&P finish at 2009 highs, but Nasdaq's 12-session streak of gains is over.
Mixed end to stocks' week: Dow and S&P finish at 2009 highs, but
Nasdaq's 12-session streak of gains is over.
Microsoft shares fall on disappointing results
Microsoft shares fall on disappointing results
Shares of Microsoft slide sharply Friday, a day after the software
titan posted fiscal fourth-quarter results that fell short of Wall
Street's expectations.
MICROSOFT INVESTOR PINES FOR YAHOO SEARCH DEAL
A search advertising partnership between Microsoft Corp. and Yahoo
Inc. would provide significant benefits to both companies beyond a
short-term financial and share-price gain for Yahoo, according to a
Microsoft investor.
TECH STOCKS FALL ON MICROSOFT, AMAZON RESULTS
Technology stocks, which posted one their best market performances
just one day ago, headed straight into the red Friday and showed few
signs of recovering after a weaker-than-expected earnings report from
software giant Microsoft Corp. led to broad selling across the sector.
NINTENDO HOPES TO KICK START SALES WITH NEW GAME
Like others in the video game sector, Nintendo Ltd. could use some
good news. It's hoping for just that with its latest release.
AMAZON SHARES FALL ON DISAPPOINTING MEDIA SALES
Amazon.com's earnings for the second quarter fall 10%, partly because
of a charge related to a recent settlement.
Stocks open lower as investors step back after a string of strong days on the heels of strong earnings.
Stocks open lower as investors step back after a string of strong days
on the heels of strong earnings.
Thursday, July 23, 2009
Energy: Stocks in focus for Friday
Among the companies whose shares are expected to see active trade in
Friday's session are Ashland, Black & Decker, Exelon and Fortune
Brands.
Breaking News Thu., July 23, 2009
Dow Breaks 9,000 and Stages Highest Close Since November
Dow ends at 2009 high after 185-point rally on earnings and...
Dow ends at 2009 high after 185-point rally on earnings and home
sales; Nasdaq's 12-session gain is longest streak since 1992.
Breaking News Thu., July 23, 2009
Health Care Reform Vote Pushed to After Obama's August Deadline [1:02 p.m. ET]
McDonald's profit slips 8% on currency hit
McDonald's profit slips 8% on currency hit
McDonald's Corp. reports second-quarter profit falls 8.1% as currency
headwinds hit the top and bottom lines, even as customer traffic and
operating income
rise.
AT&T'S QUARTERLY PROFIT FALLS 15%; IPHONE STRONG
AT&T posts a 15% drop in second-quarter profit owing to further
declines in its wireline business as well as heavy subsidies to sign
up new iPhone customers, but the carrier shows good success in adding
to its iPhone subscriber base.
3M QUARTERLY PROFIT SINKS 17%, BUT SHARES CLIMB
3M Co. second-quarter profit falls 17% on the back of its transportation,
security and consumer electronic-related businesses, but manages to
exceed Wall Street expectations.
JUNE EXISTING-HOME SALES RISE AGAIN
Resales of U.S. single-family homes and condos rose 3.6% in June to a
seasonally adjusted annual rate of 4.89 million, the highest level since last
October, the National Association of Realtors reports.
RATES ON FIXED-RATE MORTGAGES RISE: FREDDIE MAC
Rates on fixed-rate mortgages rose this week, as recent housing indicators
suggest that the worst of the housing downturn may have passed,
Freddie Mac's chief economist said on Thursday.
Dow surges more than 100 points, as a blue-chip rally gains momentum on the heels of strong earnings reports from AT&T and 3M.
Dow surges more than 100 points, as a blue-chip rally gains momentum
on the heels of strong earnings reports from AT&T and 3M.
Stocks open flat as investors digest an uptick in jobless claims and better-than-expected results from Ford.
Stocks open flat as investors digest an uptick in jobless claims and
better-than-expected results from Ford.
Number of people filing for first-time unemployment benefits rose 30,000 last week to 554,000, U.S. says.
Number of people filing for first-time unemployment benefits rose
30,000 last week to 554,000, U.S. says.
Existing home sales rise 3.6% in June to 4.89 million annual rate, while median price falls 15.4% from a year ago - Realtors group.
Existing home sales rise 3.6% in June to 4.89 million annual rate,
while median price falls 15.4% from a year ago - Realtors group.
Wednesday, July 22, 2009
Dow loses 39 points, but...
Stocks end mixed as corporate results fail to spark enthusiasm. Dow
loses 39 points, but Nasdaq gains for 11th straight day.
Breaking News Wed., July 22, 2009
Michael Jackson's Doctor, Conrad Murray, Under Investigation for
Possible Manslaughter, His Lawyer Says [3:13 p.m. ET]
Breaking News Wed., July 22, 2009
Senate Defeats Measure That Would Have Allowed Gun Owners to Carry
Concealed Weapons Across State Lines [12:32 p.m. ET]
Morgan Stanley swings to loss after TARP payback
MORGAN STANLEY SWINGS TO LOSS AFTER TARP PAYBACK
Morgan Stanley swings to a loss in the second quarter, in light of a
payback of TARP funds and losses asociated with Morgan's own debt
securities.
WELLS FARGO SHARES PRESSURED BY HIGHER CHARGE-OFFS
Shares of Wells Fargo & Co. were under pressure early
Wednesday after the bank reported second-quarter profit that topped
expectations but investors worried about deterioration in the
company's loan portfolio.
BANK OF NEW YORK'S QUARTERLY PROFIT FALLS 43%
Bank of New York Mellon's second-quarter profit falls 43% as credit
provisions soar from year-ago levels and investment losses remain
high, financial results
show.
U.S. BANCORP PROFIT HALVED BY CREDIT WOES
U.S. Bancorp's second-quarter profit slid 50% and credit quality
worsened, but results topped expectations as President and Chief
Executive Richard Davis called the company's "core earnings strength
during a period of unsurpassed challenges and economic stress" for the
industry.
KEYCORP LOSS NARROWS, BUT CREDIT PROVISION RISES
KeyCorp's second-quarter loss narrowed on a
year-earlier charge as the regional bank again boosted its loan-loss
provisions and results missed expectations.
Morgan Stanley reports $159 million loss - third quarterly loss in a row. Wells Fargo reports $3.2 billion profit.
Morgan Stanley reports $159 million loss - third quarterly loss in a
row. Wells Fargo reports $3.2 billion profit.
Breaking News Wed., July 22, 2009
Morgan Stanley Reports Bigger-Than-Expected $1.2B Loss in Second
Quarter [9:02 a.m. ET]
Energy: China copper imports rises, crude imports down
China's copper imports rise nearly 70% in the first half of the year
according to customs data released Wednesday.
Stocks open lower, with financials under pressure following quarterly results from Morgan Stanley and Wells Fargo.
Stocks open lower, with financials under pressure following quarterly
results from Morgan Stanley and Wells Fargo.
Tuesday, July 21, 2009
Stocks pull out a day of gains as investors cheer some of the quarterly results. Dow finishes up 68 points, S&P and Nasdaq rise 0.3%.
Stocks pull out a day of gains as investors cheer some of the
quarterly results. Dow finishes up 68 points, S&P and Nasdaq rise
0.3%.
Breaking News: Senate scraps F-22 jets
The Senate sided with the Obama administration and voted 58-40 to
scrap the F-22 jet fighter program.
U.S. futures edge higher as Caterpillar ups view
U.S. futures edge higher as Caterpillar ups view
U.S. stock futures edged higher Tuesday after recent gains, with the
market digesting a host of key earnings reports and Federal Reserve
Chairman Ben Bernanke's message that the central bank will move to
curtain inflation -- but only when the economy is moving quickly
enough to warrant tighter policy.
BULLS GAIN UPPER HAND AS VIX DIPS UNDER 25
The stock market's widely followed fear index has dropped 22% over the
past eight trading sessions, suggesting investors are regaining a
taste for risk and that July's surprising rally may have more room to
run.
CATERPILLAR UPS 2009 VIEW AFTER NET DROPS 66%
Caterpillar Inc. on Tuesday reported a 66% drop in second-quarter
earnings as cost-cutting efforts couldn't make up for plunging demand
from the heavy equipment manufacturer's construction markets.
UNITED TECHNOLOGIES QUARTERLY PROFIT FALLS 23%
United Technologies on Tuesday said its second-quarter profit fell 23%
due to the slump in commercial construction and aerospace markets.
DUPONT'S QUARTERLY NET DROPS 61% AS VOLUMES SLUMP
Blue-chip component DuPont posts a 61% drop in second-quarter net
income on declining demand for chemicals and other materials used in
construction, auto production and consumer goods. Management stands by
its forecast for 2009 profit.
Stocks open higher as investors digest CIT's $3 billion financing plan and a slew of strong corporate earnings. Bernanke on tap.
Stocks open higher as investors digest CIT's $3 billion financing plan
and a slew of strong corporate earnings. Bernanke on tap.
Energy stocks gain with broad market, higher oil
Energy Stocks - Energy stocks gain with broad market, higher oil
Bernanke says Fed policy remains focused on economic recovery
Bernanke says Fed policy remains focused on economic recovery
7/21/2009 10:04:40 AM EDT
Energy: Crude-oil futures slip on dollar strength
Crude-oil futures slip in electronic trading, giving up some of their
gains overnight, as the U.S. dollar gains against most major
currencies.
Monday, July 20, 2009
CIT confirms $3 billion rescue credit deal, says loan carries 2.5-year maturity
CIT confirms $3 billion rescue credit deal, says loan carries 2.5-year maturity
7/20/2009 7:46:21 PM EDT
Stocks rally on strong earnings reports. Dow surges 104 points, with the Nasdaq and the S&P each ending more than 1% higher.
Stocks rally on strong earnings reports. Dow surges 104 points, with
the Nasdaq and the S&P each ending more than 1% higher.
Updates, advisories and surprises
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are expected to see active trade in
Monday's session are the home builders as well as CIT Group, Eaton,
GlaxoSmithKline, Halliburton, Hasbro, Human Genome Sciences, Stanley
Works, Time Warner and Weatherford.
LEADING INDEX UP 3RD STRAIGHT MONTH IN JUNE
The U.S. index of leading economic indicators rose 0.7% in June, the
third straight monthly gain, the Conference Board said
Monday, signaling that a recovery is likely in the second half of the year.
OIL FUTURES EXTEND GAINS AS DOLLAR WEAKENS
Oil futures surged above $64 a barrel on Monday, as dollar weakness
and rising global equity markets buoyed demand for crude.
HALLIBURTON PROFITS OFF 48%, BUT BEATS TARGET
Halliburton Co.'s second-quarter net income falls 48% as its North
American oil-service businesses contract in the face of a supply glut
and weak demand tied to the recession.
Stocks open higher following news that troubled lender CIT may have secured $3 billion in financing to avoid bankruptcy.
Stocks open higher following news that troubled lender CIT may have
secured $3 billion in financing to avoid bankruptcy.
Sunday, July 19, 2009
Breaking News Sun., July 19, 2009
CIT Group Cuts $3B Deal With Bondholders to Avoid Bankruptcy: AP [6:05 p.m. ET]
