Saturday, April 05, 2008
Microsoft threatens Yahoo board with proxy battle, lower bid
Microsoft threatens Yahoo board with proxy battle, lower bid
4/5/2008 1:46:13 PM
Friday, April 04, 2008
Markets Friday, 04/4/2008
| Dow : 12609.42 down 16.61
| S & P : 1370.40 up 1.09
| NASDAQ: 2370.98 up 7.68
| Bond (10Y): 3.46%, 100.25
MARKETS:
Mixed day, up week
Investors weigh weak March jobs report with bets that the worst may be
over for the market. Stocks gain on week.
Payrolls contract by 80,000 as jobless rate hits 5.1% in March
Payrolls contract by 80,000 as jobless rate hits 5.1% in March
WASHINGTON
In employment data that would seem worthy of the name recession, the
government reported Friday the steepest monthly job losses in five years
as well as a spike in the unemployment rate for March.
Teething woes at Heathrow's T5 could last until summer
Disruptions at London Heathrow's new Terminal 5 could continue until
the summer and will likely cost tenant British Airways Plc much more
than the 16 million-pound ($32 million) hit it disclosed this week, an
analyst said Friday.
U.S. stocks mixed; weekly gains a virtual certainty
U.S. stocks mixed; weekly gains a virtual certainty
U.S. stocks trade mixed but remain pointed toward likely weekly gains,
as equities struggle over data pointing to the biggest job losses in
five years.
Economic Report: Payrolls contract by 80,000 as jobless rate hits 5.1%
in March
WASHINGTON
In employment data that would seem worthy of the name recession, the
government reported Friday the steepest monthly job losses in five years
as well as a spike in the unemployment rate for March.
Teething woes at Heathrow's T5 could last until summer
Disruptions at London Heathrow's new Terminal 5 could continue until
the summer and will likely cost tenant British Airways Plc much more
than the 16 million-pound ($32 million) hit it disclosed this week, an
analyst said Friday.
Dell CEO sees more aggressive cost reductions, layoffs
The founder and CEO of Dell Inc. touts the company's cost-cutting plans
in a meeting with analysts, hinting that the PC maker may go beyond its
previously stated layoff targets.
Fed, Treasury defend bailout of Bear Stearns
Lawmakers open hearings into the dramatic rescue of Bear Stearns, with
top officials of the Federal Reserve and the Treasury Department
defending their actions to save the Wall Street giant from bankruptcy.
Economy sheds 80,000 jobs in March
WASHINGTON (AP) - Employers worried about recession slashed 80,000 jobs
in March, the most in five years and the third straight month of losses.
Stocks struggle for direction in early trade as investors digest a disappointing jobs number, fueling recession woes.
Stocks struggle for direction in early trade as investors digest a
disappointing jobs number, fueling recession woes.
Thursday, April 03, 2008
Markets Thursday, 04/3/2008
| Dow : 12626.03 up 20.20
| S & P : 1369.31 up 1.78
| NASDAQ: 2363.30 up 1.90
| Bond (10Y): 3.57%, 99.34
MARKETS:
Stocks inch higher
Wall Street manages modest gains as investors gear up for Friday's
employment report. Senate hearing on Bear Stearns also in focus.
U.S. stocks end with modest gains ahead of Friday's jobs data
U.S. stocks end with modest gains ahead of Friday's jobs data
U.S. stocks end a rocky session with modest gains as investors weigh
mixed economic data and congressional testimony on the Bear Stearns
bailout.
Liquidity crunch continues to eat into corporate dividends
BOSTON
More companies feeling the pressure of the credit turmoil are bolstering
their cash positions and scaling back dividend payouts to shareholders,
says Standard & Poor's.
In their prime? Distressed debt investors await bankruptcy wave
Distressed debt offers a big opportunity in a slowing economy, so long
as those investments are timed correctly.
Fed, Treasury defend bailout of Bear Stearns
Lawmakers open hearings into the dramatic rescue of Bear Stearns, with
top officials of the Federal Reserve and the Treasury Department
defending their actions to save the Wall Street giant from bankruptcy.
Apple displaces Wal-Mart as top U.S. music seller
SAN FRANCISCO
Apple Inc. claims the title of the No. 1 music retailer in the United
States, citing new industry research figures that moved the iTunes Music
Store ahead of Wal-Mart Stores Inc.
Stocks end slightly higher after seesawing as investors await a key report on jobs due out Friday.
Stocks end slightly higher after seesawing as investors await a key
report on jobs due out Friday.
Strong earnings give lift to Research In Motion
Strong earnings give lift to Research In Motion
Research In Motion Ltd. shares rose as much as 4% Thursday after the
maker of the BlackBerry smart phone reported a more than doubling of its
fourth-quarter profit and said it added more than 2 million new
subscribers.
Market Snapshot: U.S. stocks extend losses amid signs of economic
distress
U.S. stocks on Thursday fell for a second day after a rise in jobless
claims intensified worries about the economy ahead of more congressional
testimony from Federal Reserve Chairman Ben Bernanke and Friday's
much-anticipated employment report.
Economic Report: Weekly U.S. jobless claims highest since Sept. 2005
WASHINGTON
First-time applications for state unemployment benefits rose last week,
the Labor Department reported Thursday -- the eve of the release of
pivotal data on the state of the nation's job market.
FAA audit shows high safety compliance among US airlines
NEW YORK
The Federal Aviation Administration says aircraft safety inspections
reveal a very high compliance rate among U.S. carriers and marks one of
the safest periods in aviation history.
Weaker employment: weekly U.S. first-time jobless claims jump above 400,000 mark
Weaker employment: weekly U.S. first-time jobless claims jump above
400,000 mark
4/3/2008 8:31:41 AM
Stocks tumble as Wall Street digests spiking weekly jobless claims a day ahead of the monthly jobs report.
Stocks tumble as Wall Street digests spiking weekly jobless claims a day
ahead of the monthly jobs report.
Bear Stearns rescue averted broad financial crisis, say execs and regulators; JPMorgan's Dimon: It 'could have been disastrous.'
Bear Stearns rescue averted broad financial crisis, say execs and
regulators; JPMorgan's Dimon: It 'could have been disastrous.'
Wednesday, April 02, 2008
Markets Wednesday, 04/2/2008
| Dow : 12605.83 down 48.53
| S & P : 1367.53 down 2.65
| NASDAQ: 2361.40 down 1.35
|Bond (10Y): 3.60%, 99.16
MARKETS:
Stocks limp to close after Bernanke
Wall Street loses some ground as Fed chief's cautious economic outlook
worries investors.
Research In Motion profit more than doubles
Research In Motion profit more than doubles
Research In Motion Ltd. reports a fourth-quarter profit that more than
doubles from a year ago as the maker of the BlackBerry smart phone added
more than 2 million new subscribers during the quarter.
U.S. stock losses mount to snap two-day winning streak
U.S. stocks slump loewr for the first day this week after Federal
Reserve Chairman Ben Bernanke acknowledges a possible recession in
testimony to Capital
The Fed: Bernanke gloomier about near-term outlook
The outlook for U.S. growth has worsened since January and the
possibility of a recession can't be ruled out, says Federal Reserve
Chairman Ben Bernanke.
Stocks end lower, a day after a nearly 400-point Dow rally, after Fed Chair Bernanke says a recession is possible.
Stocks end lower, a day after a nearly 400-point Dow rally, after Fed
Chair Bernanke says a recession is possible.
Bernanke gloomier about near-term outlook
Bernanke gloomier about near-term outlook
The outlook for U.S. growth has worsened since January and the
possibility of a recession can't be ruled out, says Federal Reserve
Chairman Ben Bernanke.
Market Snapshot: U.S. stocks climb amid Fed talk
NEW YORK
U.S. stocks edge higher after a shaky start, with investor optimism
stemming from Best Buy's results and hopes for Friday's employment
report competing with Federal Reserve Chairman Ben Bernanke's talk of
U.S. economic woes.
Economic Report: U.S. private-sector payrolls up slightly in March: ADP
survey
WASHINGTON
U.S. private-sector companies added 8,000 jobs in March, according to an
employment report based on ADP payrolls data released Wednesday.
Subprime Today: National City mulling KeyCorp deal: report
NEW YORK
Welcome to our daily roundup of subprime and credit-crunch-related news
from MarketWatch.
Ireland's prime minister Ahern stepping down in May
LONDON
Bertie Ahern, the prime minister of Ireland, announced he will leave
office next month, ending a tenure that ran nearly 11 years and
coincided with a massive economic boom that transformed the Irish
economy into the Celtic tiger.
U.S. factory orders fell a worse-than-expected 1.3% in February; more evidence of rising risk of recession.
U.S. factory orders fell a worse-than-expected 1.3% in February; more
evidence of rising risk of recession.
Fed Chair Bernanke, in testimony before Congress, says U.S. recession is 'possble.'
Fed Chair Bernanke, in testimony before Congress, says U.S. recession is
'possble.'
Bernanke says economy could shrink - the closest he's come to proclaiming a recession.
Bernanke says economy could shrink - the closest he's come to
proclaiming a recession.
Businesses added 8,000 jobs in March, a surprising gain in employment, according to payroll company ADP.
Businesses added 8,000 jobs in March, a surprising gain in employment,
according to payroll company ADP.
Tuesday, April 01, 2008
Markets Tuesday, 04/1/2008
| Dow : 12654.36 up 391.47
| S & P : 1370.18 up 47.48
| NASDAQ: 2362.75 up 83.65
| Bond (10Y): 3.55%, 99.53
MARKETS:
New quarter kicks off with a bang
Wall Street surges, with the Dow jumping 391 points on hopes that the
worst of the credit market crisis has passed.
U.S. stock rally fuels Dow to 8th-biggest point leap ever
U.S. stock rally fuels Dow to 8th-biggest point leap ever
U.S. stocks extend gains into a second day, with Dow logging its
8th-biggest point jump ever, after a separate offerings of fresh equity
from Lehman Brothers and UBS draw warm receptions.
Double-digit declines rattle top automakers
Ford, General Motors, Toyota and other auto majors all see their March
sales fall by double-digit percentages.
Sprint unveils touchscreen device that could rival iPhone
Long seen as a laggard when it comes to new wireless phones, Sprint
Nextel Corp. unveils what could be the strongest challenger yet to the
popular Apple iPhone.
Futures Movers: Crude falls modestly to end below $101 a barrel
Crude-oil futures fall modestly to end below $101 a barrel, in line with
weakness in other commodities, as gains in the U.S. dollar weigh.
On China's Web, Microsoft is on the outside looking in
SAN FRANCISCO
While China is considered to be one of the world's most promising
Internet markets, Microsoft Corp. has struggled to establish a strong
position in the region as it deals with both internal and external
pressures.
Breaking News Tue., April 1, 2008
WALL STREET RALLIES ON HOPES THAT WORST IS OVER FOR SUBPRIME LOSSES; DOW
CLOSES UP 391 POINTS
Stocks start the 2nd quarter by rallying on hopes that the worst is over. Dow surges 394 points in its 3rd best day of '08.
Stocks start the 2nd quarter by rallying on hopes that the worst is
over. Dow surges 394 points in its 3rd best day of '08.
Ford, GM, Toyota report double-digit percentage declines in U.S. March sales
Ford, GM, Toyota report double-digit percentage declines in U.S. March
sales
4/1/2008 2:46:28 PM
Crude oil futures fall bellow $100 a barrel as the dollar surges.
Crude oil futures fall bellow $100 a barrel as the dollar surges.
Manufacturing activity in March rises; analysts had expected the latest measure of economic activity to fall.
Manufacturing activity in March rises; analysts had expected the latest
measure of economic activity to fall.
Dow rises 300 points on a better-than-expected manufacturing report and news that capital-hungry banks are raising cash.
Dow rises 300 points on a better-than-expected manufacturing report and
news that capital-hungry banks are raising cash.
U.S. stocks extend financial-led cheer; Dow up more than 2%
U.S. stocks extend financial-led cheer; Dow up more than 2%
NEW YORK
U.S. stocks soared after a measure of manufacturing activity prove
brighter than expected, and separate offers of fresh equity from Swiss
bank UBS AG and Lehman Brothers Holdings Inc. draw a warm reception.
UBS takes further $19 bln in write-downs, plans capital boost
Swiss banking giant UBS reveals a further $19 billion hit from the
credit crisis, doubling its write-downs so far, and said it will have to
issue around 15 billion Swiss francs ($15.1 billion) in new shares to
shore up its capital base.
Microsoft stands firm on Yahoo bid, says report
WASHINGTON
Microsoft Corp. plans to stick with its current offer price to buy Yahoo
Inc., at least until the Internet-search firm agrees to buyout talks,
The Wall Street Journal reported Tuesday.
Another round of job losses to come at UBS
More investment-banking jobs will have to go at UBS in light of another
$19 billion in write-downs that the Swiss banking giant will take, the
company's chief executive said Tuesday.
Monday, March 31, 2008
Markets Monday, 03/31/2008
| Dow : 12262.89 up 46.49
| S & P : 1322.70 up 7.48
| NASDAQ: 2279.10 up 17.92
| Bond (10Y): 3.41%, 100.69
MARKETS:
Up day, down quarter
Wall Street pushes higher on the last day of a brutal first quarter,
thanks to falling oil prices and the Bush Administration's proposed
overhaul of financial regulation.
CORRECT: Stocks end quarter with worst losses since 2002
CORRECT: Stocks end quarter with worst losses since 2002
U.S. stock indexes climb, with financials leading the way on Citigroup's
restructuring and the proposed consolidation of U.S. regulators, but
equities chalk up their worst quarter in more than five years.
Schering-Plough, Merck shares take a hit over Vytorin study
Investors react harshly to the release of additional details from an
unflattering study of cholesterol drug Vytorin, leaving shares of
Schering-Plough and Merck battered.
Tesco puts the brakes on U.S. expansion of Fresh & Easy
Britain's Tesco is halting for three months the expansion of its U.S.
operation Fresh & Easy, the food-retailing unit meant to carve out a
niche between convenience stores and the massive warehouse-style
retailers.
Pernod Ricard snaps up Absolut Vodka parent for $8.3 billion
Pernod Ricard is buying Sweden's Vin & Sprit AB, the owner of Absolut
Vodka, for 5.63 billion euros ($8.9 billion) in a move to catch up to
larger rival Diageo. .
Japan's March tankan survey to reveal deepening gloom
HONG KONG
An influential Bank of Japan survey is expected to show on Tuesday that
confidence among Japan's larger manufacturers deteriorated sharply in
the three months ending March 31 as a slowing U.S. economy, rising yen
and higher energy and food prices undermine business conditions.
Wall Street closed higher on the last day of the first quarter, on falling oil prices and financial stocks strength.
Wall Street closed higher on the last day of the first quarter, on
falling oil prices and financial stocks strength.
U.S. stocks turn higher as quarterly losses loom
U.S. stocks turn higher as quarterly losses loom
U.S. stock indexes tilt slightly higher, starting off a week filled with
data that many believe will affirm the picture of recession, with
equities poised to close the quarter with their steepest losses in
nearly four years.
Schering-Plough, Merck shares take a hit over Vytorin study
BOSTON
Investors reacted harshly Monday to the release of additional details
from an unflattering study of cholesterol drug Vytorin, leaving shares
of Schering-Plough Corp. and Merck & Co. battered.
Tesco puts the brakes on U.S. expansion of Fresh & Easy
Britain's Tesco is halting for three months the expansion of its U.S.
operation Fresh & Easy, the food-retailing unit meant to carve out a
niche between convenience stores and the massive warehouse-style
retailers.
Pernod Ricard snaps up Absolut Vodka parent for $8.3 bln
Pernod Ricard SA is buying Sweden's Vin & Sprit AB, the owner of
Absolut Vodka, for 5.63 billion euros ($8.9 billion) in a move to catch
up to larger rival Diageo Plc.
Japan's March tankan survey to reveal deepening gloom
HONG KONG
An influential Bank of Japan survey is expected to show on Tuesday that
confidence among Japan's larger manufacturers deteriorated sharply in
the three months ending March 31 as a slowing U.S. economy, rising yen
and higher energy and food prices undermine business conditions.
Treasury Sec. Paulson proposes sweeping changes to rules for financial system and broad expansion of the Fed's role.
Treasury Sec. Paulson proposes sweeping changes to rules for financial
system and broad expansion of the Fed's role.
Stocks mixed in early trade as investors sort through Bush administration's expanded financial market regulation plan.
Stocks mixed in early trade as investors sort through Bush
administration's expanded financial market regulation plan.
