Friday, October 12, 2007
U.S. stocks close with fractional weekly gains
DJIA
14,093
+77.96
S&P
1,561
+7.39
NASDAQ
2,805
+33.48
10Yr
4.69%
+0.028
U.S. stocks close with fractional weekly gains
NEW YORK
After a day of upheaval, U.S. stocks on Friday closed the week with
modest weekly gains across the major indexes, with investors heartened
by positive economic data that included healthy retail sales in
September and in-line results from industrial bellwether General
Electric Co.
Futures Movers: Crude ends at front-month record high after earlier
topping $84
SAN FRANCISCO
Crude-oil futures finished at a new front-month record high Friday,
after briefly trading above the $84-a-barrel level for the first time,
as the first decline in U.S. crude supplies in three weeks fueled supply
concerns.
Oracle offers to buy BEA Sytems; price rejected as too low
SAN FRANCISCO
Oracle Corp is offering to buy BEA Systems Inc. for $6.7 billion -- a
price that the software maker rejected Friday afternoon as one that
"significantly undervalues" the company.
Economic Report: U.S. retail sales surprisingly strong in September, up
0.6%
WASHINGTON
Consumers spent freely in September, even as wholesale prices surged at
the fastest rate since January, the government said Friday.
Wall Street rise on retail sales
DJIA
14,079
+64.54
S&P
1,561
+7.12
NASDAQ
2,802
+30.19
10Yr
4.66%
-0.002
Wall Street rise on retail sales
NEW YORK
After a day of upheaval, U.S. stocks on Friday moved in positive
territory, with investors heartened by positive economic data that
included healthy retail sales in September and in-line results from
economic bellwether General Electric Co.
Economic Report: U.S. retail sales surprisingly strong in September, up
0.6%
WASHINGTON
U.S. retail sales increased more than expected in September, rising 0.6%
on strong sales of gasoline, automobiles and food, the Commerce
Department reported Friday.
Economic Report: U.S. PPI rises 1.1% in September; core rate up just
0.1%
WASHINGTON
U.S. producer prices rose a larger-than-expected 1.1% in September, but
core inflation increased a tame 0.1%, the Labor Department reported
Friday.
Big shakeup at Citigroup
SAN FRANCISCO
Citigroup Inc. said Thursday that it has merged its investment-banking
and alternative-investments businesses into an Institutional Clients
Group headed by newcomer Vikram Pandit.
Oil prices hit a record high Friday of $83.95 in midday trading.
Oil prices hit a record high Friday of $83.95 in midday trading.
Breaking News: Gore wins Nobel Peace Prize
OSLO, Norway - Former U.S. Vice President Al Gore and the U.N.'s
Intergovernmental Panel on Climate Change won the 2007 Nobel Peace
Prize
Friday for their efforts to spread awareness of man-made climate change
and to lay the foundations for fighting it.
Thursday, October 11, 2007
U.S. stocks end lower as techs lead sharp reversal
DJIA
14,015
-63.57
S&P
1,554
-8.06
NASDAQ
2,772
-39.41
10Yr
4.66%
+0.012
U.S. stocks end lower as techs lead sharp reversal
NEW YORK
U.S. stocks saw a dramatic reversal to finish lower on Thursday, with
the Dow first sitting at record highs on a gain of over 100 points
before plunging to a loss of over 100 points, with traders citing
profit-taking in technology shares as the main culprit.
The Fed: Discount window borrowing remains rare
WASHINGTON
U.S. banks tapped the Federal Reserve's discount window for $40 million
on Wednesday, the Fed said Thursday, indicating that borrowing from the
Fed remains very rare.
Ahead of the Curve: Auto workers may face a tougher fight at Ford
SAN FRANCISCO
The United Auto Workers, fresh off two short strikes and two significant
labor deals, has saved the toughest for last.
Wal-Mart raises profit forecast; shares up 3%
NEW YORK
Wal-Mart Stores Inc., the world's largest retailer, raised its
third-quarter profit forecast, benefited by cost controls even amid
sales shortfall. Wal-Mart shares rose 2.9%.
U.S. stocks hit new highs after Wal-Mart hikes forecast
DJIA
14,150
+71.94
S&P
1,571
+9.39
NASDAQ
2,828
+17.07
10Yr
4.69%
+0.044
U.S. stocks hit new highs after Wal-Mart hikes forecast
NEW YORK
U.S. stocks on Thursday climbed to new heights after Wal-Mart Stores
Inc., the world's biggest retailer, hiked its profit expectations for
the third quarter and data cast a more positive light on the economy.
Economic Report: Growth in exports shrinks U.S. trade gap to $57.6
billion
WASHINGTON
Boosted by a weaker dollar, the U.S. trade deficit narrowed to $57.6
billion in August from $59 billion in July, the Commerce Department
reported Thursday.
Wal-Mart raises profit forecast; September sales miss
NEW YORK
Wal-Mart Stores Inc., the world's largest retailer, raised its
third-quarter profit forecast even as it posted smaller-than-expected
September same-store sales and said customers remain concerned about
their finances.
Union announces labor deal with Chrysler
SAN FRANCISCO
It didn't take long for the United Auto Workers and Chrysler LLC to
realize both sides would be better off if the rank-and-file went back to
work.
Crude prices edge up further after surprise drop in crude inventories.
Crude prices edge up further after surprise drop in crude inventories.
Wednesday, October 10, 2007
Wall Street trims losses at the close; Nasdaq ends higher
DJIA
14,078
-85.84
S&P
1,562
-2.68
NASDAQ
2,811
+7.70
10Yr
4.65%
-0.004
Wall Street trims losses at the close; Nasdaq ends higher
NEW YORK
Wall Street on Wednesday gave back a chunk of Tuesday's record gains,
pressured by news that Boeing will delay deliveries of its Dreamliner
jet and a report that Alcoa fell short of its earnings estimates.
Earnings Outlook: S&P 500 set to post first drop in profit since 2002:
Thomson
NEW YORK
Third-quarter earnings of S&P 500 companies have "a good chance" of
turning negative for the first time in five years on Thursday, after
factoring in Wednesday's profit warnings from a slew of energy stocks,
Thomson Financial said.
Breaking News: Gunfire erupts at Cleveland high school
CLEVELAND (AP) - A gunman opened fire in a downtown high school on
Wednesday, and Mayor Frank Jackson says three young people were taken
to a hospital.
Warnings and misses send Wall Street lower
DJIA
14,082
-81.86
S&P
1,560
-4.26
NASDAQ
2,805
+1.80
10Yr
4.64%
-0.009
Warnings and misses send Wall Street lower
NEW YORK
Wall Street on Wednesday gave back a piece of Tuesday's record gains
after blue-chip aluminum producer Alcoa Inc. fell short of earnings
estimates and International Paper Co. issued a profit warning.
Sophisticated Investor: Bonds for newborns won't raise a nation of
savers
SANTA MONICA, Calif.
Instead of getting money from the government when you retire, there's a
movement afoot to get money when you are born. That's right, the
government is considering issuing "baby bonds" to all Americans at birth
that would mature when an individual turns 18.
MGM Mirage plans massive Atlantic City complex
CHICAGO
MGM Mirage is taking its building spree on the road, announcing
Wednesday that it plans to construct a gambling, hotel and retail
complex for $4.5 billion to $5 billion in Atlantic City.
Tuesday, October 09, 2007
U.S. stocks close with new records on Fed words
DJIA
14,164
+120.80
S&P
1,565
+12.57
NASDAQ
2,803
+16.54
10Yr
4.65%
+0.013
U.S. stocks close with new records on Fed words
NEW YORK
U.S. stocks climbed, with the Dow Jones Industrial Average and the S&P
500 both closing at new highs, after the release of Federal Reserve
commentary cemented thinking of another interest-rate cut ahead.
The Fed: FOMC's next rate moves to hinge on economy, minutes show
WASHINGTON
With the economic outlook uncertain in the wake of the market's turmoil,
Federal Reserve officials unanimously agreed last month that a
half-point rate cut was prudent, but said only that future actions would
hinge on how the economy fared in coming weeks, according to a summary
of the Sept. 18 meeting released Tuesday.
U.S. stocks up before Fed minutes, Alcoa report
DJIA
14,068
+24.64
S&P
1,555
+3.13
NASDAQ
2,791
+3.81
10Yr
4.63%
-0.008
U.S. stocks up before Fed minutes, Alcoa report
NEW YORK
U.S. stocks shifted higher Tuesday, with investors looking to commentary
from the Federal Reserve's September policy meeting for clues to future
moves and post-close financial results from blue-chip aluminum producer
Alcoa Inc.
AT&T to pay $2.5 billion for airwaves
WASHINGTON
AT&T Inc. on Tuesday agreed to pay $2.5 billion in cash to buy licenses
for a valuable slice of wireless spectrum suitable for delivering
television to mobile phones.
Yum Brands posts 17% profit rise, raises forecast
LOS ANGELES
Restaurant operator Yum Brands Inc. on Monday posted a 17% gain in
third-quarter profit, helped by strong overseas growth particularly in
China, and raised its full-year forecast.
Monday, October 08, 2007
U.S. stocks end mostly lower ahead of Tuesday earnings
DJIA
14,043
-22.28
S&P
1,552
-5.01
NASDAQ
2,787
+7.05
10Yr
4.64%
-0.002
U.S. stocks end mostly lower ahead of Tuesday earnings
NEW YORK
U.S. stocks closed mostly lower Monday, with the market taking cues from
falling oil and gold prices, while investors awaited third-quarter
reports, with Dow component Alcoa Inc. unofficially launching earnings
season on Tuesday.
Union sets strike deadline against Chrysler
SAN FRANCISCO
The United Auto Workers, fresh off hammering out a labor agreement with
General Motors, is now poised to strike against Chrysler LLC should the
two sides fail to shake on a new contract by Wednesday morning.
The Ratings Game: Billions in write-downs eyed from J.P. Morgan, B. of
A.
NEW YORK
Although the financial sector is still working through the meltdown in
subprime mortgages, at least one analyst doesn't see write-downs from
banks and brokerages as the only factor affecting upcoming quarterly
earnings.
Tech Stocks: Late surge on Google leads tech stocks higher
SAN FRANCISCO
Technology stocks shook off early weakness to close with modest gains
Monday, led by a late surge in the shares of Google Inc., which topped
$600 for the first time.
SAP's big deal adds new wrinkle in Microsoft relationship
SAN FRANCISCO
SAP AG's decision to dramatically buy its way further into the
burgeoning business intelligence market has opened another front for
competition with fellow software giant Microsoft Corp.
The Dow falls while the Nasdaq edges higher as investors move gingerly before start of corporate earnings announcements.
The Dow falls while the Nasdaq edges higher as investors move gingerly
before start of corporate earnings announcements.
U.S. stocks move lower in post-gain pause
DJIA
14,024
-41.54
S&P
1,549
-7.95
NASDAQ
2,772
-7.63
10Yr
4.64%
-0.002
U.S. stocks move lower in post-gain pause
NEW YORK
U.S. stocks moved lower Monday as investors step back from last week's
large advance and get ready for the third quarter's corporate reports,
with Dow component Alcoa Inc. unofficially launching earnings season on
Tuesday.
SAP to buy Business Objects for $6.8 bln in strategic U-turn
LONDON
Shares of SAP AG posted their biggest drop in eight months in German
trading on Monday after the world's largest maker of business software
said its 4.8 billion-euro ($6.8 billion) purchase of
business-intelligence firm Business Objects would reduce earnings next
year.
Textron to buy UIC for its unmanned aircraft unit
NEW YORK
Textron Inc., the industrial conglomerate, said Monday it will buy
aerospace and defense technology supplier United Industrial Corp. in a
$1.1 billion deal that will expand its presence in the unmanned vehicle
market.
As large-caps lead, Vanguard aims for megahit with new funds
BOSTON
Will planned funds from Vanguard Group that plug into the largest U.S.
companies generate megawatt appeal, or is this just another case of
chasing the latest trend?
