Thursday, September 13, 2007
Target shares jump on possible credit-card receivables sale
DJIA
13,424
+133.23
S&P
1,483
+12.39
NASDAQ
2,601
+8.99
10Yr
4.48%
+0.074
Target shares jump on possible credit-card receivables sale
NEW YORK
Shares of Target Corp. jumped Thursday after the No. 2 U.S. discount
retailer said it is mulling a potential sale of its $7 billion
credit-card receivables and reviewing the use of its debt and the pace
of share buybacks.
Goldman's Global Alpha hedge fund drops 22.5% in August
SAN FRANCISCO
Goldman Sachs' largest hedge fund lost 22.5% in August, its worst month
ever, as currency and so-called market-neutral strategies it uses were
hit hard by market turmoil.
Market Snapshot: U.S. stocks close broadly higher; Dow scores
triple-digit gain
NEW YORK
U.S. stocks closed higher Thursday, with the Dow Jones Industrial
Average's triple-digit gains propelled by the likes of General Motors
Corp., which drew an analyst upgrade, and McDonald's Corp., which
doubled its anticipated dividend.
McDonald's at the top of its game
