Friday, August 24, 2007
U.S. stock indexes close week with solid gains
DJIA
13,378
+142.99
S&P
1,479
+16.87
NASDAQ
2,576
+34.99
10Yr
4.63%
+0.015
U.S. stock indexes close week with solid gains
NEW YORK
Stocks ended sharply higher Friday, with the major indexes scoring
weekly gains of more than 2%, after an unexpected rise in new home sales
jump-started thinking that the worst of the subprime mess could be over
and a recession avoided.
Blackstone says proposed law would triple tax bill: report
WASHINGTON
Private-equity giant Blackstone Group LP estimates that proposed
legislation now in the U.S. Senate would increase its tax liabilities by
$525 million, or three times what it pays currently, according to a
published report.
Economic Report: New-home sales rise 2.8% to 870,000 pace in July
WASHINGTON
Sales of new homes increased 2.8% in July to a seasonally adjusted
annual rate of 870,000 as the inventory of homes for sale dropped for a
fourth straight month, the Commerce Department estimated Friday.
Dow industrials extend Friday gain to triple digits in final hour
U.S. stocks extend gains on jump in home sales
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New home sales rise 2.8% to 870,000 pace in July
DJIA
13,258
+23.01
S&P
1,464
+1.96
NASDAQ
2,545
+4.25
10Yr
4.62%
+0.003
New home sales rise 2.8% to 870,000 pace in July
WASHINGTON
Sales of new home increased 2.8% in July to a seasonally adjusted annual
rate of 870,000 as the inventory of homes for sale dropped for a fourth
straight month, the Commerce Department estimated Friday.
Market Snapshot: U.S. stocks rise after housing data
NEW YORK
U.S. stocks rose Friday, following early hesitations at the open, with a
larger-than-expected increase in new home sales in July and a big jump
in durable-goods orders helped soothe recent anxiety about credit woes.
That was then, this is now for gold
SAN FRANCISCO
Investors can learn some lessons from gold's past, but don't expect them
to stick. The gold market isn't exactly the same now as it was then.
AnnTaylor profit drops 27%, plans to launch boomer store
NEW YORK
AnnTaylor Stores Corp. on Friday posted a nearly 27% decline in
second-quarter profit, but the women's apparel retailer said it was
launching a new store concept targeting the "modern boomer."
Bank of China shares dip in Hong Kong on subprime exposure
HONG KONG
Hong Kong-listed shares of Bank of China Ltd. shed more than 5% Friday
after officials disclosed the bank had almost $10 billion of exposure to
securities backed by U.S. subprime mortgages.
Thursday, August 23, 2007
Countrywide shares rally on Bank of America's investment, upgrade
DJIA
13,235
-0.25
S&P
1,462
-1.57
NASDAQ
2,541
-11.10
10Yr
4.62%
-0.002
Countrywide shares rally on Bank of America's investment, upgrade
NEW YORK
Shares of Countrywide Financial Corp. finished slightly higher Thursday
after rising as much as 7% in early trading, as investors applauded Bank
of America Corp.'s move to invest $2 billion in the troubled mortgage
giant and as Countrywide shares got an upgrade.
Bond Report: Treasury yields end lower after Countrywide CEO drops 'r'
word
NEW YORK
U.S. Treasury prices on Thursday closed higher, with yields tracking the
stock market's downward trend, as credit worries returned amid renewed
debate over whether the Federal Reserve would cut interest rates ahead
of a meeting next month.
London Markets: FTSE 100 closes flat; Northern Rock's shares rally
LONDON
The FTSE 100 index couldn't sustain earlier gains Thursday, ending
virtually flat as investors took note of stocks trading lower on Wall
Street, but a move higher in shares of Northern Rock made the U.K.
home-loan provider a standout.
Top sales official at AMD steps down
SAN FRANCISCO
The top salesman for Advanced Micro Devices Inc. is headed for the exit
as the world's No. 2 microprocessor maker is set to release a
long-awaited product the company hopes will reduce growing losses and
revive its sales.
Countrywide shares rally on Bank of America's investment, upgrade
DJIA
13,212
-23.82
S&P
1,459
-4.65
NASDAQ
2,538
-14.30
10Yr
4.65%
+0.029
Countrywide shares rally on Bank of America's investment, upgrade
NEW YORK
Shares of Countrywide Financial Corp. rose 7% in morning trading
Thursday, as investors applauded Bank of America Corp.'s move to invest
$2 billion in the troubled mortgage giant and as Countrywide shares got
an upgrade.
Bond Report: Treasurys down slightly as credit concerns ease
NEW YORK
Treasurys gave up some of their recent gains Thursday, as credit
concerns abated after Bank of America said it would make a $2 billion
investment in Countrywide, the distressed, and the biggest, mortgage
lender in the nation.
Market Snapshot: U.S. stocks fall as credit worries settle for now
NEW YORK
U.S. stocks fell Thursday, as traders locked in some gains, even as Bank
of America Corp.'s $2 billion vote of confidence in Countrywide
Financial Corp. eased worries about the survival of the country's
biggest mortgage lender.
London Markets: FTSE 100 trades higher; Northern Rock's shares rally
LONDON
Northern Rock shares continued to claw back some recently lost ground
Thursday, as London investors considered that its recent share-price
slump could make the U.K. home-loan provider a tempting takeover
target.
Top sales official at AMD steps down
SAN FRANCISCO
The top salesman for Advanced Micro Devices Inc. is headed for the exit
as the world's No. 2 microprocessor maker is set to release a
long-awaited product the company hopes will reduce growing losses and
revive its sales.
DELINQUENT RATE SOARS
DELINQUENT RATE SOARS
U.S. banks and thrifts suffered the biggest increase in late loan
payments in 17 years as more homeowners fell behind on mortgages, the
Federal Deposit Insurance Corp. said.
Loans more than 90 days past due rose 10.6 percent to $66.9 billion in
the period ending June 30.
Wednesday, August 22, 2007
U.S. stocks rally to close higher on M&A talk
DJIA
13,236
+145.27
S&P
1,464
+16.95
NASDAQ
2,552
+31.50
10Yr
4.62%
+0.030
U.S. stocks rally to close higher on M&A talk
NEW YORK
U.S. stocks rallied to close higher Wednesday to cap four days of
Federal Reserve-fueled gains as four major banks tapped the Fed for
funds and talk of deal-making further eased liquidity concerns in the
credit markets.
U.S. banking giants borrow $2 bln from Fed's discount window
SAN FRANCISCO
U.S. banking giants Citigroup Inc., J.P. Morgan Chase, Bank of America
and Wachovia Corp. said on Wednesday that they borrowed $2 billion from
the Federal Reserve as part of a new program set up last week to calm
the creaking financial system.
Lehman shuts subprime-lending unit, eliminating 1,200 jobs
SAN FRANCISCO
Lehman Brothers said Wednesday that it's shutting its subprime-mortgage
unit BNC Mortgage LLC, becoming the latest company to stop offering home
loans to less-creditworthy borrowers.
Ameritrade merger talks seen as lifting Schwab's fortunes
SAN FRANCISCO
A merger between E-Trade and Ameritrade might not bring the discount
brokerage industry's 800-pound gorilla off the mergers and acquisitions
sideline.
Is VMware already too expensive?
SAN FRANCISCO
After only a week on the public market, VMware Inc. has already seen its
share price soar more than 150% -- giving the young software maker a
higher market cap than many of its more-seasoned peers.
U.S. stocks higher on deal speculation
13,201
+110.96
S&P
1,459
+11.99
NASDAQ
2,546
+24.83
10Yr
4.64%
+0.047
U.S. stocks higher on deal speculation
NEW YORK
U.S. stocks rose sharply on Wednesday amid heightened expectations of an
interest rate cut by the Federal Reserve to contain trouble in the
credit markets, while merger-and-acquisition talk lifted shares of
E-Trade and Nymex Holdings.
MGM Mirage shares jump on Dubai World deal
CHICAGO
Shares of MGM Mirage were on the rise Wednesday after the casino company
said it had inked a $5 billion deal in which Dubai World will ultimately
acquire a 9.5% stake in MGM and partial ownership of a massive
real-estate project.
Weekly mortgage loan applications off 5.5%, MBA data show
CHICAGO
Filings of applications seeking mortgage loans dropped a 5.5% last week
compared to the prior week as interest rates increased, the Mortgage
Bankers Association said Wednesday.
August 22, 2007
Helicopter Crash Kills 14 GIs In Iraq
Fourteen U.S. soldiers were killed Wednesday when their helicopter
crashed in northern Iraq. Mechanical failure, rather than hostile fire,
is suspected. Separately, a suicide truck bomb killed 19 people and
wounded 26 others.
Tuesday, August 21, 2007
U.S. stocks close mixed; Dow down 31 points
DJIA
13,090
-30.49
S&P
1,447
+1.57
NASDAQ
2,521
+12.71
10Yr
4.59%
-0.044
U.S. stocks close mixed; Dow down 31 points
NEW YORK
U.S. stocks closed mixed Tuesday amid conflicting signals on whether the
Federal Reserve would move again to address the credit crunch roiling
the financial markets.
Rally in short-term bonds halted after key meeting
NEW YORK
Short-term Treasury bills halted a 6-day rally on Tuesday, sending their
yields higher, after a special meeting between Federal Reserve Chairman
Ben Bernanke, Treasury Secretary Henry Paulson and Senate Banking
Committee Chairman Chris Dodd failed to signal an imminent rate cut.
The Fed: Fed ready to act further, Dodd says after Bernanke meeting
WASHINGTON
Federal Reserve Chairman Ben Bernanke said he's "absolutely" prepared to
use all the tools at his disposal to address the credit crisis in the
U.S. financial system, according to Sen. Chris Dodd, chairman of the
Senate Banking Committee.
Target profit up; customers still unfazed by economic challenges
CHICAGO
Target Corp., weathering a choppy environment for consumer spending,
posted a 12.6% hike in second-quarter profit on Tuesday but sounded a
cautious tone for the rest of the year.
Tribune shareholders approve $8.2 billion deal
LOS ANGELES
Shareholders of Tribune Co. overwhelmingly approved, as expected, an
$8.2 billion deal Tuesday taking the parent of the Chicago Tribune and
Los Angeles Times private, the company said.
Stocks close mixed as investors weigh comments from Dodd after meeting with Bernanke and Paulson; lower oil prices.
Stocks close mixed as investors weigh comments from Dodd after meeting
with Bernanke and Paulson; lower oil prices.
U.S. stocks gain as senator reassures investors
DJIA
13,151
+30.40
S&P
1,451
+6.03
NASDAQ
2,519
+11.04
10Yr
4.60%
-0.038
U.S. stocks gain as senator reassures investors
NEW YORK
U.S. stocks turned up again Tuesday after Sen. Chris Dodd, D-Conn.,
offered reassurances that Federal Reserve Chairman Ben Bernanke is ready
to move to address the credit crunch roiling the financial markets.
Bond Report: Short-term Treasury bills rally, putting Fed to the test
NEW YORK
A rally in short Treasury bills Monday, which sent their yields sharply
lower, raised questions about the effectiveness of the Federal Reserve's
move to boost liquidity by cutting its discount rate on Friday.
The Fed: Fed may have to cut federal funds rate, economists say
WASHINGTON
U.S. credit markets remained extremely fragile Monday, and observers
said the Federal Reserve may have to lower its federal funds target rate
to inject permanent liquidity into the market and provide investors with
more assurances that the central bank will act to keep the economy
growing.
Target Corp. delivers quarterly profit growth of nearly 13%
CHICAGO
Target Corp.'s second-quarter profit came in 12.6% higher than last year
as the discount giant chalked up better gross margins and generated a
bigger contribution from its credit-card division, financial results
showed Tuesday.
Capital One shuts wholesale mortgage unit, cutting 1900 jobs
SAN FRANCISCO
Capital One Financial said late Monday that it is closing its wholesale
mortgage business and cutting 1,900 jobs as the credit card giant loses
confidence in the profitability of originating home loans, then selling
them in secondary markets.
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您怎么看中國與西方媒體對中國產品事故的報道？您認為這些報道公正還是有偏見？
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Stocks open lower, Treasury bonds rally in early trading as investors again look for safety.
Stocks open lower, Treasury bonds rally in early trading as investors
again look for safety.
Monday, August 20, 2007
Capital One bank closes wholesale mortgage unit, cuts 1900 jobs, takes $100 million charge.
Capital One bank closes wholesale mortgage unit, cuts 1900 jobs, takes
$100 million charge.
Microsoft, Cisco detail 'sophisticated' competition
DJIA
13,121
+42.27
S&P
1,445
-0.39
NASDAQ
2,508
+3.56
10Yr
4.63%
-0.039
Microsoft, Cisco detail 'sophisticated' competition
SAN FRANCISCO
Executives from Microsoft Corp. and Cisco Systems Inc. on Monday
described the "sophisticated" competition they plan to pursue over
technology used to route multiple forms of business communication over a
single Internet connection.
Hurricane Dean may already have cost insurers $1.5 bln to $3 bln
SAN FRANCISCO
Hurricane Dean may have already have caused at least $1.5 billion in
insured losses after ravaging Jamaica and other islands, according to
catastrophe modeling firm Eqecat Inc.
Market Snapshot: U.S. stocks end mostly higher as liquidity worries
ease
NEW YORK
U.S. stocks ended mostly higher Monday amid signs liquidity pressures
may be easing and a rally in short-term Treasury bills fostered thinking
the Federal Reserve might cut interest rates further.
Economic Report: U.S. leading indicators point to slow-growth economy
WASHINGTON
U.S. leading economic indicators increased by 0.4% in July, pointing to
slow growth for the rest of the year, the Conference Board reported
Monday.
U.S. stocks mixed as market reflects on Fed, Thornburg
DJIA
13,078
-0.57
S&P
1,443
-2.88
NASDAQ
2,507
+2.09
10Yr
4.64%
-0.030
U.S. stocks mixed as market reflects on Fed, Thornburg
NEW YORK
U.S. stocks struggled to hold gains Monday as investors weighed relief
over indications the Federal Reserve might lower interest rates further
against another report of trouble in the subprime mortgage market.
Hurricane Dean seen sparing Gulf of Mexico oil infrastructure
LONDON
Crude-oil prices dropped more than 1% on Monday as weather reports
indicated that Hurricane Dean would not hit major Gulf of Mexico
energy-production infrastructure.
Nasdaq puts entire stake in the LSE up for sale
LONDON
The Nasdaq Stock Market has put its entire stake in the London Stock
Exchange on the block, saying Monday that the market isn't correctly
valuing its holdings of the U.K. bourse it had previously tried to buy.
Lowe's profit up but forecast is tempered
CHICAGO
Lowe's Cos. turned in better-than-expected second-quarter results Monday
in the face of a deteriorating housing industry.
Stocks open with small gains as investors take wait-and-see attitude after Friday's big Fed-inspired rally.
Stocks open with small gains as investors take wait-and-see attitude
after Friday's big Fed-inspired rally.
