Friday, February 15, 2008
Markets Friday, 02/15/2008
| Dow : 12348.21 down 28.77
| S & P : 1349.99 up 1.13
| NASDAQ: 2321.80 down 10.74
| Bond (10Y): 3.78%, 97.66
MARKETS:
Wall Street's mixed day, up week
Wall Street weakens as investors eye weak manufacturing and consumer
sentiment reports.
Could email derail a Microsoft-Yahoo deal?
Could email derail a Microsoft-Yahoo deal?
A merger of Microsoft and Yahoo would have a curious impact on tens of
millions of Internet users: Their email accounts would eventually be
processed by a single tech behemoth.
FGIC asks to be split in two, New York regulator says
FGIC Corp., one of the largest bond insurers in the world, asks to be
split in two, possibly separating its municipal bond business from more
troubled exposures that have been hit hard by the mortgage crisis. .
Best Buy lowers full-year forecast
Leading U.S. electronics retailer Best Buy cuts its full-year earnings
forecast, citing weaker-than-expected revenue growth in January.
Metals Stocks: Platinum climbs to another high above $2,000; gold ends
lower
Gold futures rise with a boost from weakness in the U.S. dollar, as
platinum futures hit another record high on persistent worries about
supply disruptions in South Africa.
Stocks fight to recover losses but Dow suffers 2nd straight down day as weak economic readings revive recession fears.
Stocks fight to recover losses but Dow suffers 2nd straight down day as
weak economic readings revive recession fears.
Best Buy lowers full-year forecast
Best Buy lowers full-year forecast
Leading U.S. electronics retailer Best Buy cuts its full-year earnings
forecast, citing weaker-than-expected revenue growth in January.
Market Snapshot: U.S. stocks fall for second day as Best Buy reduces
forecast
U.S. stocks trade lower, pressured by economic data showing a rise in
import prices and a decline in manufacturing activity in New York
state.
Futures Movers: Crude rises for third day, surpassing $96 a barrel
Crude-oil futures rise surpass $96 a barrel, extending the previous two
sessions' gains and pushing oil prices more than $9 higher than this
month's low.
Economic Report: Empire State survey takes surprise fall, retreats below
zero
LONDON
Data out from the Federal Reserve Bank of New York on Friday showed that
regional manufacturing activity for February fell to the weakest levels
seen in close to three years.
Buffett builds up stakes in Kraft, Glaxo
Celebrated investor Warren Buffett has accumulated minority interests in
Kraft Foods and GlaxoSmithKline.
Economic data pull Dow industrials futures to loss of more than 100 points
Economic data pull Dow industrials futures to loss of more than 100
points
2/15/2008 8:32:09 AM
Thursday, February 14, 2008
Markets Thursday, 02/14/2008
| Dow : 12376.98 down 175.26
| S & P : 1348.86 down 18.35
| NASDAQ: 2332.54 down 41.39
| Bond (10Y): 3.80%, 97.50
MARKETS:
Stocks heartbroken over economic woes
Wall Street slumps as investors react to Fed chair's economic outlook.
U.S. stocks snap streak of gains; Bernanke sees slowing
U.S. stocks snap streak of gains; Bernanke sees slowing
U.S. stocks closed sharply lower after Federal Chairman Ben Bernanke
said he's been aggressive about steering the economy away from a
slowdown,
Closed-end funds may be next singed by auction-rate collapse
Auction-rate securities, once seen as safe place to park cash, are
proving to be the latest minefield for the credit market, and now
closed-end funds may blow up as well.
The Fed: Bernanke: Fed has been aggressive, stands ready to do more
As the economy moves though dangerous territory on the edge of
recession, Federal Reserve Chairman Ben Bernanke says the central bank
is ready to cut interest rates further if fresh signs of a
weaker-than-expected economy emerge. .
Analysts doubt Yahoo-News Corp. talks will stop Microsoft
Wall Street analysts doubt that reported talks of a deal between Yahoo
and News Corp. could stop the unsolicited buyout offer from Microsoft.
Stocks get decked by Bernanke's bleak economic outlook. Dow falls about 180 points, breaking a 3-day winning streak.
Stocks get decked by Bernanke's bleak economic outlook. Dow falls about
180 points, breaking a 3-day winning streak.
NY Gov. Spitzer: Troubled bond insurers' woes are 'spreading and threaten serious problems' beyond Wall Street.
NY Gov. Spitzer: Troubled bond insurers' woes are 'spreading and
threaten serious problems' beyond Wall Street.
Bernanke: Fed has been aggressive, stands ready to do more
Bernanke: Fed has been aggressive, stands ready to do more
As the economy moves though dangerous territory on the edge of
recession, Federal Reserve Chairman Ben Bernanke says the central bank
is ready to cut interest rates further if fresh signs of a
weaker-than-expected economy emerge.
Analysts doubt Yahoo-News Corp. talks will stop Microsoft
Wall Street analysts doubt that reported talks of a deal between Yahoo
and News Corp. could stop the unsolicited buyout offer from Microsoft.
SEC mulling new rules for credit-raters, Cox says
The U.S. economy is on track to grow despite challenges from the housing
correction, high energy costs and turmoil in the capital markets,
Treasury Secretary Henry Paulson says.
Market Snapshot: U.S. stocks' three-day win streak in jeopardy
U.S. stocks fall, with investors nervous during testimony by Federal
Chairman Ben Bernanke, who says he's been aggressive about steering
economy away from a slowdown.
UBS faces difficult 2008 after $13.7 bln write-down and '07 loss
LSwiss banking giant UBS on Thursday said it still has significant
exposure to the troubled U.S. mortgage market, raising fears of further
write-downs, as it confirmed a $13.7 billion charge had sent its bottom
line plunging into the red.
U.S. trade deficit narrowed to $58.8 billion in December; annual decline is first in six years.
U.S. trade deficit narrowed to $58.8 billion in December; annual decline
is first in six years.
Wednesday, February 13, 2008
Markets Wednesday, 02/13/2008
| Dow : 12552.24 up 178.83
| S & P : 1367.21 up 18.35
| NASDAQ: 2373.93 up 53.89
| Bond (10Y): 3.72%, 98.09
MARKETS:
Blue chips rally for 3rd session
Wall Street jumps after stronger-than-expected January retail sales
report reassures investors. Earnings from Applied Materials and
Coca-Coca top expectations.
Jan retail sales up better-than-expected 0.3%
Jan retail sales up better-than-expected 0.3%
WASHINGTON
U.S. retail sales were better than expected in January on higher auto
and gasoline sales, providing a glimmer of light in the tough economic
environment.
Is Yahoo worth $40 a share?
Though Yahoo Inc. has formally rejected Microsoft Corp.'s unsolicited
buyout offer, many expect the Web portal to eventually fall into the
clutches of the software giant -- at a higher price.
Nortel CEO sees 4G as opportunity to leapfrog rivals
BARCELONA
Nortel Networks believes the emergence of new wireless communications
technologies will give it a unique chance to get an edge on rivals,
Chief Executive Mike Zafirovski told MarketWatch in an interview on
Wednesday.
Dow surges on a strong retail sales report and good corporate earnings - marking the third consecutive winning session.
Dow surges on a strong retail sales report and good corporate earnings -
marking the third consecutive winning session.
Breaking News: Bush signs economic stimulus bill
WASHINGTON (AP) - President Bush signed off on a $168 billion economic
stimulus plan, calling it "a booster shot for our economy" as it
struggles through a rough patch.
U.S. stocks higher in aftermath of January's retail sales
U.S. stocks higher in aftermath of January's retail sales
U.S. stocks gain for a third day with the technology sector leading the
way, and sentiment lifted by a surprising rebound in January retail
sales after an atrocious December that helped calm worries about the
economy.
Economic Report: Jan retail sales up better-than-expected 0.3%
WASHINGTON
U.S. retail sales were better than expected in January on higher auto
and gasoline sales, providing a glimmer of light in the tough economic
environment. .
Is Yahoo worth $40 a share?
Though Yahoo Inc. has formally rejected Microsoft Corp.'s unsolicited
buyout offer, many expect the Web portal to eventually fall into the
clutches of the software giant -- at a higher price.
Venezuela halts oil sales to Exxon Mobil; little impact seen
Venezuela halted oil supplies to Exxon Mobil, the latest move by the
country's president, Hugo Chavez, in an increasingly bitter dispute over
the country's seizure of the company's stake in two oil ventures.
Analysts said the move would have little impact on the oil giant.
Nortel CEO sees 4G as opportunity to leapfrog rivals
BARCELONA
Nortel Networks believes the emergence of new wireless communications
technologies will give it a unique chance to get an edge on rivals,
Chief Executive Mike Zafirovski told MarketWatch in an interview on
Wednesday.
Dow industrials up 100 points
Coca-Cola reports better-than-expected fourth-quarter earnings and
sales.
___________________________
Date: Wed, 13 Feb 2008 08:33:08 -0500
Retail sales in January were stronger than expected, rising 0.3%.
_____________________
Dow industrials up 100 points
2/13/2008 9:33:20 AM
_____________________
Date: Wed, 13 Feb 2008 10:32:08 -0500
Oil prices remain lower after weaker-than-expected crude and gasoline
supply report.
Tuesday, February 12, 2008
Markets Tuesday, 02/12/2008
| Dow : 12373.41 up 133.40
| S & P : 1348.86 up 9.73
| NASDAQ: 2320.04 down 0.02
| Bond (10Y): 3.66%, 98.66
MARKETS:
Blue chips rally on Buffett
Dow and S&P 500 jump on billionaire investor's offer to help bond
insurers and a plan for mortgage lenders to help homeowners. Tech-fueled
Nasdaq can't hold on to gains.
U.S. stocks finish up on Buffett's bond insurer move; the Dow was up 1.1%, the S&P 500 was 0.7% higher.
U.S. stocks finish up on Buffett's bond insurer move; the Dow was up
1.1%, the S&P 500 was 0.7% higher.
Monday, February 11, 2008
Markets Monday, 02/11/2008
| Dow : 12240.01 up 57.88
| S & P : 1339.13 up 7.84
| NASDAQ: 2320.06 up 15.21
| Bond (10Y): 3.61%, 99.00
MARKETS:
Stocks bounce back
Wall Street jumps Monday, as investors scoop up beaten-down tech, retail
and commodity stocks, and shrug off AIG's credit woes.
U.S. stocks end higher, lifted by technology gains
U.S. stocks end higher, lifted by technology gains
U.S. stocks on Monday recovered from losses inspired by insurer American
International Group Inc.'s disclosure of potential credit-related
trouble, as technology shares rose after Yahoo Inc.'s rejection of
Microsoft Corp.'s takeover offer.
Emerging Markets Report: Middle Eastern equities set to outperform: UBS
Middle Eastern equities, particularly those in the United Arab Emirates
and Egypt, are set to outperform this year, UBS analysts said Monday.
Countrywide debuts 'workout' plan for subprime borrowers
Help could be on the way for some subprime-mortgage borrowers caught up
in the twin sagas of the plummeting housing market and besieged
Countrywide Financial Corp., after the nation's largest home-loan
lender said Monday that it's broadening efforts to help prevent
foreclosures.
White House warns Congress about new market rules
The White House tells Congress that it is not eager to see legislation
aimed at greater oversight of financial markets and banks in the wake of
the credit squeeze that began last August.
Yahoo says Microsoft bid 'substantially undervalues' company
Yahoo formally rejects Microsoft's $44.6 billion bid to buy the company,
saying the offer "substantially undervalues" the Internet search giant.
Microsoft responds to Yahoo. Says rejection of $45B bid is 'unfortunate' and that it's 'offering shareholders superior value.'
Microsoft responds to Yahoo. Says rejection of $45B bid is 'unfortunate'
and that it's 'offering shareholders superior value.'
U.S. stocks cut losses in the wake of AIG disclosure
U.S. stocks cut losses in the wake of AIG disclosure
U.S. stocks drop, with the Dow industrials down about 30 points, after
insurer American International Group Inc. pointed to potential trouble
with the valuation of its credit-default swap portfolio, fueling new
worries about the financial sector.
Yahoo says Microsoft bid 'substantially undervalues' company
Yahoo formally rejects Microsoft's $44.6 billion bid to buy the company,
saying the offer "substantially undervalues" the Internet search giant.
SocGen plans $8 billion rights issue at steep discount
Societe Generale, the French bank rocked by over $7 billion of losses
from unauthorized trading, sets out plans for a rights issue at a steep
39% discount as it also reveals almost 600 million euros of previously
undisclosed write-downs.
Nokia unveils four new multimedia mobile phones
Nokia Corp. unveiled four new multimedia mobile phones on Monday,
including successors to two of its bestselling models.
Yahoo rejec ts Microsoft bid as inadequate; Dow industrials add Bank of America, Chevron, drop Altria, Honeywell.
Yahoo rejec ts Microsoft bid as inadequate; Dow industrials add Bank of
America, Chevron, drop Altria, Honeywell.
