Friday, September 14, 2007
U.S. stock indexes close with weekly gains
DJIA
13,442
+17.64
S&P
1,484
+0.30
NASDAQ
2,602
+1.12
10Yr
4.46%
-0.020
TRADING CENTER
U.S. stock indexes close with weekly gains
NEW YORK
U.S. stocks closed higher Friday, with the major indexes all scoring
weekly gains, after a stronger-than-expected consumer confidence reading
offset weak August retail numbers and news that a U.K. lender is tapping
the Bank of England for emergency funds.
Futures Movers: Crude falls to $79.10 a barrel; up 3% for week
SAN FRANCISCOCrude-oil futures tumbled back toward $79 a barrel Friday
as energy traders locked in gains from a record-breaking week.
The Fed: An ounce of prevention expected from Fed policymakers
WASHINGTON
The Federal Reserve is set next week to take out an ounce of prevention,
in the form of a cut in its target federal funds rate, to try to avoid
having to rush in with a pound of cure.
Housing to be key congressional focus next week
WASHINGTON
U.S. housing woes are set for a return to the congressional spotlight
next week, with hearings planned about mortgages and subprime lending
and action possible on a reform package for the Federal Housing
Administration.
Capitol Report: Falling home prices could dent economy
WASHINGTON
Just as rising home prices helped fuel the economic expansion of the
past six years by making people wealthier, falling home prices could put
a big dent in economic growth in the next few years by making them
poorer.
Midday Report: Banking lawyer sees more mortgage lenders going down
DJIA
13,420
-4.14
S&P
1,482
-1.89
NASDAQ
2,596
-4.69
10Yr
4.49%
+0.007
Banking lawyer sees more mortgage lenders going down
BOSTON
The subprime contagion has already forced several of the nation's
largest home lenders into bankruptcy, but a banking attorney
specializing in the mortgage industry says the carnage is far from
over.
Northern Rock gets central bank lifeline as credit squeezed
LONDON
U.K. mortgage lender Northern Rock said Friday that it needs to tap the
Bank of England for emergency funding after the credit crunch left it
struggling to raise financing, resulting in the stock losing about a
third of its value.
Economic Report: U.S. industrial output up 0.2% in August; manufacturing
lower
WASHINGTON
Output at the nation's factories, mines and utilities rose in August as
hot weather boosted utility operations, but output in manufacturing fell
0.3% in its first drop since February, the Federal Reserve reported
Friday.
Economic Report: U.S. retail sales rise 0.3%, boosted by auto sales
WASHINGTON
U.S. retail sales in August were disappointingly weak despite a strong
selling performance for cars and trucks.
Market Snapshot: Wall Street shaves losses as consumer sentiment
brightens
NEW YORK
U.S. stocks trimmed early losses Friday after a stronger-than-expected
consumer confidence reading offset weak August retail numbers and a U.K.
lender's tapping the Bank of England for emergency funds.
Overall retail sales growth below forecasts in August, down excluding autos; current account gap down in latest quarter.
Overall retail sales growth below forecasts in August, down excluding
autos; current account gap down in latest quarter.
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
Stocks jump, with the Dow surging about 130 points as sky-high oil prices don't dampen investor optimism.
Stocks jump, with the Dow surging about 130 points as sky-high oil
prices don't dampen investor optimism.
U.S. stocks higher; GM powers Dow's gains
DJIA
13,422
+130.39
S&P
1,483
+12.28
NASDAQ
2,601
+9.13
10Yr
4.47%
+0.064
U.S. stocks higher; GM powers Dow's gains
NEW YORK
U.S. stocks were higher Thursday, with the Dow Industrial Average seeing
triple-digit gains, bolstered by the likes of General Motors Corp.,
which drew an analyst upgrade, and McDonald's Corp., which doubled its
anticipated dividend.
Hurricane Humberto strikes on heels of record $80 oil
NEW YORK
Hurricane Humberto packed 85 mile-an-hour winds Thursday and was
expected to dump up to 15 inches of rain across parts of Texas,
threatening parts of the energy-rich Gulf Coast region.
Alcatel-Lucent warns again; shares take a dive
LONDON
Shares of Alcatel-Lucent sank nearly 14% on Thursday after the world's
largest maker of telecommunications equipment slashed its sales and
profit forecast for the year, citing weak wireless spending in North
America.
Bending to activist, Target may sell credit card receivables
SAN FRANCISCO
Shares of Target Corp., one of the largest U.S. retailers, rose in
Thursday pre-market trading after it said that it may sell $7 billion in
credit-card receivables in the wake of pressure from activist hedge fund
investor Bill Ackman.
McDonald's to boost dividend, shares rise
CHICAGO
McDonald's Corp. shares rose in Thursday morning trading after the
fast-food giant unveiled plans to increase its dividend by 50% this
year, citing its strong business momentum and cash flows, and said
further hikes may be in the offing.
Mortgage rates tumble in past week, with 30-year fixed dipping to 6.31% from 6.46% prior week, Freddie Mac says.
Mortgage rates tumble in past week, with 30-year fixed dipping to 6.31%
from 6.46% prior week, Freddie Mac says.
Oil touches record $80.20 a barrel amid new storm concerns.
Oil touches record $80.20 a barrel amid new storm concerns.
Wednesday, September 12, 2007
Crude oil hits $80 a barrel on the New York Mercantile Exchange for first time ever as traders eye inventory drop.
Crude oil hits $80 a barrel on the New York Mercantile Exchange for
first time ever as traders eye inventory drop.
Crude futures mark record close near $80 as U.S. supplies drop
DJIA
13,291
-16.74
S&P
1,471
+0.07
NASDAQ
2,592
-5.40
10Yr
4.41%
+0.044
Crude futures mark record close near $80 as U.S. supplies drop
SAN FRANCISCO
Crude-oil futures climbed into uncharted territory Wednesday, peaking
above $80 a barrel and closing at a record high just below that level
after U.S. government data showed that crude supplies dropped more than
7 million barrels and motor gasoline inventories fell a sixth week in a
row.
Market Snapshot: Stocks close mostly off as investors look to Fed move
NEW YORK
Stocks finished mostly lower with investors weighing thoughts of an
interest-rate cut against crude oil topping $80 a barrel and a reduced
forecast from Texas Instruments Inc., the world's largest maker of
cell-phone chips.
Currencies: Dollar hits record low vs. euro on expectations for U.S.
rate cut
SAN FRANCISCO
The dollar marked a new record low against the euro Wednesday amid
growing expectations that the Federal Reserve will cut U.S. interest
rates next week and fears that the credit crunch is threatening the
health of the U.S. economy.
Lacking support, Japanese prime minister Abe to step down
HONG KONG
Shinzo Abe announced Wednesday his resignation as Japan's prime
minister, a move precipitated by his failing to win popular support in
the aftermath of the ruling Liberal Democratic Party's resounding defeat
in recent Upper House elections.
Forums:
全球經濟暗淡中國經濟樂觀嗎？
金融財經
如何看分析家樂觀評估中國經濟？如何看在對中國的經濟分析中同時存在的
"崩潰論"？ More...go to
http://www.bloglines.com/blog/johnDispatch
Crude futures hit an all-time above $79 as U.S. supplies drop
DJIA
13,330
+22.60
S&P
1,475
+3.85
NASDAQ
2,608
+11.21
10Yr
4.40%
+0.040
Crude futures hit an all-time above $79 as U.S. supplies drop
SAN FRANCISCO
Crude-oil futures climbed into uncharted territory above $79 a barrel
Wednesday after U.S. government data showed that crude supplies dropped
more than 7 million barrels and motor gasoline inventories fell a sixth
week in a row.
Market Snapshot: U.S. stocks tilt higher as investors look to Fed move
NEW YORK
Stocks on Wednesday reversed into positive territory as thoughts of an
interest-rate cut by the Federal Reserve at or ahead of Tuesday's
policy-setting meeting countered a reduced forecast from Texas
Instruments Inc., the world's largest maker of cell-phone chips.
Currencies: Dollar hits record low vs. euro on expectations for U.S.
rate cut
SAN FRANCISCO
The dollar marked a new record low against the euro Wednesday amid
growing expectations that the Federal Reserve will cut U.S. interest
rates next week.
Oil reaches record price of $79.29 a barrel after steep drop in inventories.
Oil reaches record price of $79.29 a barrel after steep drop in
inventories.
Tuesday, September 11, 2007
Wall Street snaps two-day losing streak; Fed rate cut in focus
DJIA
13,308
+180.54
S&P
1,471
+19.79
NASDAQ
2,597
+38.36
10Yr
4.36%
+0.040
Wall Street snaps two-day losing streak; Fed rate cut in focus
NEW YORK
Stocks closed higher Tuesday, snapping a two-day losing streak, with the
Dow industrials buttressed by fast-food giant McDonald's Corp.'s solid
August sales and word from General Motors Corp. that it is enticing
buyers with fewer incentives.
Commodities Corner: OPEC's raising output, but oil prices rally anyway
SAN FRANCISCO
It's a bit of a mystery why crude futures closed at a record level
Tuesday, even after some of the world's biggest oil producers agreed to
a hefty increase in oil output levels.
Futures Movers: Crude futures close at a record high after OPEC move
SAN FRANCISCO
Crude-oil futures marked their highest closing level ever for a
benchmark contract on the New York Mercantile Exchange Tuesday after
some of the world's major oil producers decided to raise their daily
output by 500,000 barrels per day, starting Nov. 1.
The Fed: Bernanke sees progress in cutting global imbalances
WASHINGTON
Federal Reserve Board Chairman Ben Bernanke said there has been some
progress in recent months in reducing the global trade imbalances.
Vital Signs: Growth in health-plan costs slows, but still up 6.1%
SAN FRANCISCO
Employers' health-insurance premiums grew 6.1% in 2007, marking the
slowest annual growth rate since 1999 but still outstripping increases
in workers' earnings and general inflation, according to a widely
tracked study.
Crude oil settles at an all-time high of $78.23 a barrel on the New York Mercantile Exchange.
Crude oil settles at an all-time high of $78.23 a barrel on the New York
Mercantile Exchange.
Stocks rally on good corporate news with Dow surging about 180 points after two-straight losing sessions.
Stocks rally on good corporate news with Dow surging about 180 points
after two-straight losing sessions.
OPEC agrees to boost crude output to 500,000 barrels a day, AP reports.
OPEC agrees to boost crude output to 500,000 barrels a day, AP reports.
Housing price slump to continue through 2008, realtors' group says.
Housing price slump to continue through 2008, realtors' group says.
U.S. stocks higher ahead of Bernanke speech
DJIA
13,242
+114.94
S&P
1,462
+10.67
NASDAQ
2,581
+22.23
10Yr
4.33%
+0.004
U.S. stocks higher ahead of Bernanke speech
NEW YORK
U.S. stocks climbed Tuesday, with the Dow industrials bolstered by solid
August sales by fast-food giant McDonald's Corp. and investors looking
for clues from Federal Reserve Chairman Ben Bernanke about a possible
cut in interest rates.
Countrywide seeking additional new investors, report says
SAN FRANCISCO
Countrywide Financial Corp., the nation's largest mortgage lender, is
looking for a fresh infusion of cash, the New York Post reported
Tuesday, citing unidentified sources familiar with the company's plans.
Economic Report: Housing starts expected to fall to 16-year low,
realtors say
WASHINGTON
The U.S. housing industry is in for a much deeper downturn, the National
Association of Realtors said Tuesday as it slashed its forecasts for
home sales and construction for this year and next.
Calif. lawmakers reach health-care plan; governor eyes compromise
SACRAMENTO, Calif.
California lawmakers approved a landmark health-reform package on
Monday, but Gov. Arnold Schwarzenegger quickly said he wouldn't sign it
into law and called for talks on a compromise.
ImClone surges 20% on positive Erbitux study
BOSTON
ImClone Systems and partner Bristol-Myers Squibb said early Tuesday that
a key clinical trial for their oncology drug Erbitux showed the drug
helped patients with lung cancer live longer.
U.S. trade gap narrows to $59.2 billion in July from revised $59.4 billion in June.
U.S. trade gap narrows to $59.2 billion in July from revised $59.4
billion in June.
Monday, September 10, 2007
Intel boosts revenue target amid stronger demand
DJIA
13,127
+14.47
S&P
1,451
-1.85
NASDAQ
2,559
-6.59
10Yr
4.32%
-0.044
Intel boosts revenue target amid stronger demand
SAN FRANCISCO
Intel Corp. on Monday boosted its revenue target for the third quarter
citing stronger worldwide demand for its computer chips.
Apple hits iPhone sales target ahead of forecast
SAN FRANCISCO
After a week of dealing with negative customer reaction to the surprise
cut in the price of its iPhone, Apple Inc. said Monday that it reached
its goal of selling its 1 millionth device almost three weeks ahead of
schedule.
Stress test: Wall Street soon to reveal impact of credit crunch
SAN FRANCISCO
Investors are about to get a look at the first major reports on the
damage from this summer's credit crunch.
Barclays Capital reported profitable during turbulent August
LONDON
Barclays, moving to calm investors, said Monday that its
investment-banking division had a profitable August in the face of
turbulent credit markets.
Market Snapshot: U.S. stocks close volatile session little changed
NEW YORK
U.S. stocks ended Monday little changed after a volatile day marked by
wariness ahead of next week's policy-setting meeting of the Federal
Reserve.
Intel boosts revenue target amid stronger demand
DJIA
13,055
-58.36
S&P
1,443
-9.96
NASDAQ
2,546
-18.77
10Yr
4.31%
-0.059
Intel boosts revenue target amid stronger demand
SAN FRANCISCO
Intel Corp. on Monday boosted its revenue target for the third quarter
citing stronger worldwide demand for its computer chips.
Apple hits iPhone sales target ahead of forecast
SAN FRANCISCO
After a week of dealing with negative customer reaction to the surprise
cut in the price of its iPhone, Apple Inc. said Monday that it reached
its goal of selling its 1 millionth device almost three weeks ahead of
schedule.
Stress test: Wall Street soon to reveal impact of credit crunch
SAN FRANCISCO
Investors are about to get a look at the first major reports on the
damage from this summer's credit crunch.
Barclays Capital reported profitable during turbulent August
LONDON
Barclays, moving to calm investors, said Monday that its
investment-banking division had a profitable August in the face of
turbulent credit markets.
Market Snapshot: U.S. stocks slide as worries overtake early gains
NEW YORK
U.S. stocks declined Monday, shedding early gains, with investors
cautious before next week's policy-setting meeting of the Federal
Reserve, where the central bank is expected to trim rates after Friday's
weak payrolls report.
