Friday, October 02, 2009
Stocks slip on dour jobs numbers. Dow ends down 23 points; Nasdaq and S&P both dip about 0.5%
Stocks slip on dour jobs numbers. Dow ends down 23 points; Nasdaq and
S&P both dip about 0.5%
Breaking News: Rio de Janeiro to host 2016 Olympics
COPENHAGEN (AP) - The 2016 Summer Olympics are going to Rio de
Janeiro, putting the games in South America for the first time. Rio
beat surprise finalist Madrid in the last round of voting. Chicago was
knocked out in the first round - a major surprise considering the
personal involvement of President Obama - and Tokyo was eliminated in
the second round.
Breaking News: Chicago eliminated in Olympics bid
COPENHAGEN (AP) - Chicago was eliminated in the first ballot of voting
for the 2016 Olympics on Friday, a stunning defeat for the city that
was expected to be one of the two finalists. Tokyo was also
eliminated, leaving Rio de Janeiro and Madrid as the finalists. The
decision also is a defeat for President Obama, who lobbied in person
along with his wife Michelle for the Chicago bid.
U.S. job losses accelerate to 263,000 in September
U.S. job losses accelerate to 263,000 in September
The nation's job losses accelerated in September, driving the
unemployment rate to a 26-year high of 9.8% and casting a cloud over
the incipient recovery economic data shows.
TREASURYS JUMP AFTER JOB LOSSES WORSE THEN SEEN
Treasury prices jump, pushing 10-year yields to the lowest since
mid-May, after the Labor Department says the economy lost 263,000 jobs
in September, much more than economists expected.
ROSIER STOCK INVESTORS SPLIT ON RISK OF CORRECTION
Institutional investors, increasingly optimistic that the U.S. stock market
will avoid a retreat to its March lows, are roughly split about the chance it
could undergo a smaller correction by year-end, a new survey shows.
U.S. STOCKS, BONDS BACK ON SAME PAGE ON ECONOMY
After a lengthy disconnect, the U.S. stock market may now be back on
the same page as the bond market, which for the past month and a half
has been signaling a gloomier view on the economy.
FRIDAY'S BIGGEST ADVANCING AND DECLINING STOCKS
Shares of AIG, Dynegy, CIT and the New York Times Co. are among those
companies making notable moves in Friday's stock market.
U.S. stock indexes turn positive, led into the black by Nasdaq
U.S. stock indexes turn positive, led into the black by Nasdaq
10/2/2009 10:36:40 AM EDT
Employers shed 263,000 jobs in September - much worse than expected. Unemployment rate rises to 9.8% - highest since 1983.
Employers shed 263,000 jobs in September - much worse than expected.
Unemployment rate rises to 9.8% - highest since 1983.
Stocks drop in the first moments of trading as Wall Street reacts to a much-worse-than-expected jobs report. Dow loses 70 points.
Stocks dropin the first moments of trading as Wall Street reacts to a
much-worse-than-expected jobs report. Dow loses 70 points.
Thursday, October 01, 2009
Dow industrials close down more than 200 points in biggest one-day slide since July 2
Dow industrials close down more than 200 points in biggest one-day
slide since July 2
10/1/2009 4:02:59 PM EDT
U.S. benchmark 30-year mortgage rate falls below 5%
U.S. benchmark 30-year mortgage rate falls below 5%
10/1/2009 10:39:08 AM EDT
Economic activity expanded in September but not as much as expected. Dow extends losses, down more than 120 points.
Economic activity expanded in September but not as much as expected.
Dow extends losses, down more than 120 point
Dow industrials fall 70 points as U.S. stock indexes open fourth quarter in red
Dow industrials fall 70 points as U.S. stock indexes open fourth quarter in red
10/1/2009 9:56:04 AM EDT
U.S. stock market risks an unprofitable decade
U.S. stock market risks an unprofitable decade
After back-to-back 15% gains comprising the best two quarters since
the first half of 1975, the S&P 500 needs to advance another 39% for
the index to break even for the decade.
ROMANIAN STOCKS FALL AS GOVERNMENT COLLAPSES
Selling hits Romania's currency and stocks, as the coalition government in
Bucharest collapses ahead of presidential elections scheduled for next month.
B. OF A. SEEN LOOKING INTERNALLY FOR NEW CEO
Bank of America will likely pick an internal candidate to replace
departing CEO Ken Lewis, because of a shortage of suitable outsiders
for the job, according to reports and analyst notes Thursday.
LEWIS SHOT WITH HIS OWN GUN, BUT IS HE TO BLAME?
Bank of America's Ken Lewis was shot with his own gun, and what will
be debated in the next few weeks and months is exactly who pulled the
trigger.
KEY JOB FOR NEW BANK OF AMERICA CEO: RESTORE TRUST
With Ken Lewis stepping down as Bank of America's CEO at the end of
the year, it's not to soon to think about mapping out what his
successor needs to do to right the ship.
Wednesday, September 30, 2009
Bank of America CEO Ken Lewis to retire at end of this year
Bank of America CEO Ken Lewis to retire at end of this year
9/30/2009 5:25:24 PM EDT
U.S. stocks finish lower Wednesday; Dow gains 2% for September and 15% for the quarter
U.S. stocks finish lower Wednesday; Dow gains 2% for September and 15%
for the quarter
9/30/2009 4:05:14 PM EDT
Stocks finish lower for the session, but leading indexes were 15% higher for the quarter. Dow loses 34 points; Nasdaq, S&P also slip.
Stocks finish lower for the session, but leading indexes were 15%
higher for the quarter. Dow loses 34 points; Nasdaq, S&P also slip.
Oil prices spike nearly 6% ,to $70.61 a barrel, on a surprise dip in gasoline inventory and concern about Iran's nuclear facility.
Oil prices spike nearly 6% ,to $70.61 a barrel, on a surprise dip in
gasoline inventory and concern about Iran's nuclear facility.
Payroll services firm ADP says private-sector jobs fell 254,000 in September - smallest decline since July 2008.
Payroll services firm ADP says private-sector jobs fell 254,000 in
September - smallest decline since July 2008.
Fed's in no rush to hike rates, Lockhart says
Fed's in no rush to hike rates, Lockhart says
There is no rush for the Federal Reserve to begin to tighten monetary
policy, the president of the Federal Reserve Bank of Atlanta says.
WEDNESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies in active trade are Boston Scientific, CIT, Darden
Restaurants, Granite Construction, Jabil Circuit, J&J, Micron
Technology, Nike, Omnova, Onyx Pharma, Sealy and TransDigm.
SCHAPIRO TO EXPLORE LIMIT ON 'NAKED' SHORT SELLING
The Securities and Exchange Commission is exploring stringent action
against naked short selling, an abuse some consider a key contributor
to the financial crisis.
OIL RISES AS DATA SHOW RISING GASOLINE DEMAND
Crude-oil and gasoline futures rise, after government data show a
surprising decrease in gasoline inventories last week.
DOLLAR SLIPS AFTER TRIO OF ECONOMIC DATA
The dollar declined, capping off a decidedly difficult quarter amid
increased optimism over the global economic outlook.
Stocks rise modestly at the open as investors focus on signs that the economy is improving. Dow gains 20 points.
Stocks rise modestly at the open as investors focus on signs that the
economy is improving. Dow gains 20 points.
U.S. GDP down 0.7% in government's final revision of second-quarter figures
U.S. GDP down 0.7% in government's final revision of second-quarter figures
9/30/2009 8:32:37 AM EDT
Tuesday, September 29, 2009
National Weather Service issues tsunami advisory for U.S. West Coast
National Weather Service issues tsunami advisory for U.S. West Coast
9/29/2009 9:30:58 PM EDT
Dow dips 46 points on anniversary of its biggest one-day loss ever. Nasdaq and S&P 500 both inch lower.
Dow dips 46 points on anniversary of its biggest one-day loss ever.
Nasdaq and S&P 500 both inch lower.
Breaking News Tue., September 29, 2009
Senate Finance Committee Votes Down a Government-Run Public Health
Plan [3:00 p.m. ET]
Consumer confidence slips in September
Consumer confidence slips in September
The U.S. consumer confidence index falls in September as Americans
grew more concerned about the economy, their job prospects and their
incomes, the Conference Board reports.
TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are seeing active trade in Tuesday's
session are CIT, Gannett, Walgreen and Sequenom.
FINANCIALS HELP EUROPEAN SHARES TO GAIN GROUND
European shares advanced on Tuesday, with gains for financials such as
French-headquartered lender BNP Paribas helping stocks build on sharp
gains recorded in the previous session.
WALGREEN BEATS EXPECTATIONS; SHARES SURGE
Drugstore chain Walgreen's fiscal fourth-quarter profit falls 1.6% as
demand for prescription drugs fails to offset consumers' decisions to
cut purchases of non-pharmacy items.
HOME PRICES RISE FOR 3RD MONTH IN ROW, S&P SAYS
The market value of U.S. homes in 20 major cities rises by 1.6% in July
compared with June, the third monthly increase in a row, according to the
Case-Shiller home price index.
Consumer confidence declines in September, according to the Conference Board, surprising economists.
Consumer confidence declines in September, according to the Conference
Board, surprising economists.
Stocks tread water at the open after investors get news of a gradually improving housing market.
Stocks tread water at the open after investors get news of a gradually
improving housing market.
Energy: Cnooc in talks to buy stakes in Nigeria fields
Chinese oil producer Cnooc is in talks with Nigeria to buy stakes in
some of the world's richest oil blocks in the African nation,
according to a published report.
Monday, September 28, 2009
Dow ends up 124 points, while S&P and Nasdaq add more than 1.7%.
Stocks finish with gains as merger talk boosts investor sentiment. Dow
ends up 124 points, while S&P and Nasdaq add more than 1.7%.
Xerox to buy ACS in $6.4 billion deal
Xerox to buy ACS in $6.4 billion deal
Xerox to buy Affiliated Computer Systems for $6.4 billion in cash and
stock as the copy machine maker looks to bolster its position in
providing business services.
TREASURYS ADVANCE AS BANKS, FUND MANAGERS BUY IN
Treasurys inch higher, sending yields lower, on lingering appetite for the
safety of government debt and quarter-end window dressing.
U.S. STOCK MARKET MOVES COULD SIGNAL A CORRECTION
As the third quarter nears its close, the U.S. stock market is poised for
another double-digit advance even as investors pull out of financials
into more defensive plays in a trend that could mark a market
correction.
TECHS ADVANCE, LED BY CISCO
The tech sector rally gains momentum, as Cisco Systems posts strong
gains after Barclays Capital upgrades the networking giant to
overweight.
Stocks rise at the open as a pair of multi-billion dollar deals set the tone early. Dow gains 20 points.
Stocks rise at the open as a pair of multi-billion dollar deals set
the tone early. Dow gains 20 points.
Sunday, September 27, 2009
Breaking News: NYT columnist, Nixon speechwriter William Safire dies at age 79
William Safire, the Pultizer Prize-winning New York Times columnist
and speechwriter for former president Nixon, died at a hospice in
Rockville, Md. on Sunday, the paper reported.
