Friday, October 23, 2009
Regulators close 100th bank for 2009 -- four times as many as last year. Partners Bank of Naples, Fla., had $66 million in assets.a
Regulators close 100th bank for 2009 -- four times as many as last
year. Partners Bank of Naples, Fla., had $66 million in asset.
Stocks end down despite strong earnings from Microsoft, Amazon. Dow drops 108 points, Nasdaq loses 10 points and the S&P is down 13.
Stocks end down despite strong earnings from Microsoft, Amazon. Dow
drops 108 points, Nasdaq loses 10 points and the S&P is down 13.
Energy-stock benchmarks under early pressure
ENERGY-STOCK BENCHMARKS UNDER EARLY PRESSURE
Losses in shares of Schlumberger color early trading in the energy
sector as investors shrug off an upbeat outlook for the oil-services
giant. Soleil
Securities starts coverage of Exxon Mobil and Chevron with buy ratings
on the blue-chip behemoths.
OIL FALLS, BUT SET TO GAIN 3% IN WEEK
Crude-oil futures drop below $81 a barrel, pressured by a rebounding
dollar and lower stocks as investors digest the latest string of
corporate earnings reports.
FRIDAY'S BIGGEST GAINING AND DECLINING STOCKS
Companies that are seeing active trade in Friday's session include
Amazon.com, Honeywell, Microsoft and Capital One Financial.
Existing home sales jumped 9.4% in September, Realtors group says, pushed higher by first-time homebuyers.
Existing home sales jumped 9.4% in September, Realtors group says,
pushed higher by first-time homebuyers.
Stocks rise at the open as Wall Street welcomes stellar results from Microsoft and upbeat comments from Bernanke.
Stocks rise at the open as Wall Street welcomes stellar results from
Microsoft and upbeat comments from Bernanke.
Thursday, October 22, 2009
Stocks finish higher, with Dow up 130 points, after government announces crackdown on excessive pay in the banking industry.
Stocks finish higher, with Dow up 130 points, after government
announces crackdown on excessive pay in the banking industry.
Obama pay czar unveils plan to curb compensation at bailed-out firms, calls current pay 'inconsistent with the public interest.'h
Obama pay czar unveils plan to curb compensation at bailed-out firms,
calls current pay 'inconsistent with the public interest.'
China growth data point to possible 'tightening'
China growth data point to possible 'tightening'
China releases a batch of economic data indicating the economy
expanded at an accelerated rate in the third quarter, raising the
prospect that Beijing may begin to unwind its crisis-driven
expansionary policies by year's end.
CHINA CHARGING ON, NEWSLETTER REPORTS
Jim Trippon's well-argued newsletter reports from abroad: China, having
surmounted the Crash of 2008, is charging on.
FLAT U.K. RETAIL SALES SHORT OF EXPECTATIONS
British retail sales volumes fell short of expectations in September,
coming in flat compared to August.
AT&T PROFIT FLAT, BUT IPHONE SALES SOAR
AT&T Inc. posts a flat third-quarter profit, but sees another big surge in
wireless and iPhone customers.
TRAVELERS UPS OUTLOOK, DIVIDEND AS PROFIT SURGES
Travelers shares are a big gainer among the blue chips, rising as the
insurer increases its quarterly dividend 10%, adds $6 billion to its
share-buyback program, and lifts its outlook for operating earnings
for the year as third-quarter profit surges.
The number of people filing for first-time unemployment benefits surged to 531,000 in latest week, Labor Department reports.
The number of people filing for first-time unemployment benefits
surged to 531,000 in latest week, Labor Department reports.
Stocks are mixed in the first moments of trading as weakness in the job market continues to rattle Wall Street.
Stocks are mixed in the first moments of trading as weakness in the
job market continues to rattle Wall Street.
Wednesday, October 21, 2009
Airline stocks edge up with the wider market
Airline stocks edge up with the wider market
Airline stocks edge slightly higher with the wider market, and following
financial results from Continental and AirTran Holdings.
BOEING SWINGS TO A THIRD-QUARTER LOSS
Aerospace giant Boeing Co. swings to a third-quarter loss and prunes its
forecast for the year, due to delays in its 787 Dreamliner and 747-8
freighter jet programs.
BAA SELLS GATWICK FOR $2.5 BILLION
U.K. airports operator BAA on reaches a pact to sell London's Gatwick
Airport for 1.5 billion pounds ($2.5 billion).
CONTINENTAL HAS SMALLER LOSS; AIRTRAN HITS PROFIT
Lower fuel bills help offset a general decline in passenger revenue for
Continental and AirTran.
DOLLAR DROPS TO 14-MONTH LOW VS. EURO
The U.S. dollar tumbles to a fresh 14-month low versus euro and loses
ground against other major currencies ahead of the release of the
Federal Reserve's summary of anecdotal reports on the U.S. economy.
Fewer states report rising unemployment rates in September, government says. Michigan remains hardest hit at 15.3%.
Fewer states report rising unemployment rates in September, government
says. Michigan remains hardest hit at 15.3%.
Stocks drop at the open as investors remain cautious about corporate results. Dow dips 26 points
Stocks drop at the open as investors remain cautious about corporate
results. Dow dips 26 points.
Tuesday, October 20, 2009
Stocks end lower as weak corporate results and dreary housing news disappoint investors; Dow still above 10,000.
Stocks end lower as weak corporate results and dreary housing news
disappoint investors; Dow still above 10,000.
U.S. stock market keys off lackluster housing data
U.S. stock market keys off lackluster housing data
With one U.S. stock market gauge of the housing sector up more than
20% so far this year, a fair amount of optimism has crept into builder
stocks. On Tuesday, this sense of optimism takes a hit as housing
starts come in flat for September, deflating builder stocks along with
consumer discretionary shares.
CATERPILLAR TOPS TARGETS; SHARES RALLY 5%
Caterpillar's third-quarter profit falls 53% from the year-ago period, but
results handily beat analysts' estimates.
PFIZER REPORTS 26% PROFIT JUMP, BUT LOWER SALES
Pfizer reports a 26% spike in third-quarter profit, helped by lower
expenses and charges taken in the 2008 quarter for litigation.
UNITED TECHNOLOGIES' QUARTERLY PROFIT FALLS
United Technologies' third-quarter profit falls 17% as the recession
rolls back demand for its elevators, building-security products and
ventilation systems.
DUPONT NET EXCEEDS ESTIMATE, AIDED BY COST CONTROL
DuPont Co. reports that third-quarter net income rose a
stronger-than-expected 11% as tight cost controls helped offset a 20%
drop in sales.
Housing starts rise slightly in September, while building permits dip, the government says; results are below forecasts.
Housing starts rise slightly in September, while building permits dip,
the government says; results are below forecasts.
Stocks waver at the open as investors weigh strong corporate results with a continuing decline in the housing market.
Stocks waver at the open as investors weigh strong corporate results
with a continuing decline in the housing market.
Oil futures tops $80 as stock markets rally
Crude-oil futures rise above $80 a barrel, hitting a fresh one-year
high as traders cheer upbeat prospects for energy demand amid strength
in global stocks.
Monday, October 19, 2009
Apple reports quarterly revenue and profit that far exceed analysts' expectations. It sold a record 7.4 million iPhones.
Apple reports quarterly revenue and profit that far exceed analysts'
expectations. It sold a record 7.4 million iPhones.
Stocks rally, with the Dow closing above 10,090, as momentum from strong quarterly reports boosts optimism.
Stocks rally, with the Dow closing above 10,090, as momentum from
strong quarterly reports boosts optimism.
1987 Crash anniversary has much to teach us
1987 Crash anniversary has much to teach us
Investors younger than their early 40s, and who therefore were not yet
out of college 22 years ago, will probably wonder why many old timers
are making such a big deal out of the anniversary of the stock-market
crash that occurred on this day in 1987 -- which also happened to be a
Monday.
U.S. STOCK MARKET LOOKS TO FINANCIALS FOR RESULTS
As the U.S. stock market follows the latest round of earnings, the
results so far have the financial sector reporting much of the upside
surprises.
ICAHN ATTACKS CIT'S RESTRUCTURING PLAN
Billionaire Carl Icahn launches a blistering attack on CIT Group's board of
directors, claiming a reorganization plan envisioned for the troubled
lender is merely an attempt to buy votes.
MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
Among the companies whose shares are expected to see active trade in
Monday's session are Allion, Apple, Eaton, Facet Biotech, Hasbro,
InterDigital, Nokia, Pfizer, TI and Weatherford.
HASBRO'S QUARTERLY PROFIT RISES ON COST CUTS
Hasbro, maker of Transformers action figures and Nerf toys, reported
that its third-quarter net income rose 9% from the year-ago period on
declines in research and advertising spending.
Stocks rise in the first moments of trading. Dow up 6 points. Nasdaq, S&P 500 also up slightly.
Stocks rise in the first moments of trading. Dow up 6 points. Nasdaq,
S&P 500 also up slightly.
Sunday, October 18, 2009
Breaking News Sun., October 18, 2009
Sheriff Says Colorado Balloon Incident 'Was a Hoax ... a Publicity
Stunt'; Charges to Be Filed [1:10 p.m.]
