Friday, February 13, 2009
Oil prices jump almost $4 to settle $3.53 higher at $37.51 a barrel as the House approves the $787 billion stimulus bill.
Oil prices jump almost $4 to settle $3.53 higher at $37.51 a barrel as
the House approves the $787 billion stimulus bill.
Fwd: FDIC takes over Sherman County Bank of Nebraska in 10th bank closure of 2009
BULLETIN: FDIC takes over Sherman County Bank of Nebraska in 10th bank
closure of 2009
2/13/2009 5:56:44 PM EDT
Breaking News: Congress passes $787B stimulus plan
WASHINGTON -- Congress passes President Obama's $787 billion stimulus plan.
Tech: Texas Instruments, AMD rise, but sector rally fizzles
Tech Stocks: Texas Instruments, AMD rise, but sector rally fizzles
2/13/2009 4:25 PM ET
McAfee Inc. shares soar on strong earnings, while Texas Instruments
leads another chip-sector rally as investors anticipate an upturn for
semiconductor makers.
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Media Report: Why satellite-TV moguls see value in Sirius XM
2/13/2009 5:28 PM ET
Among those who still seem to believe in the future of satellite radio
are the heads of the two largest U.S. satellite-television providers
-- and that has to count for something.
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Google's sales to Uncle Sam in apparent decline
2/13/2009 5:26 PM ET
While Google has made efforts to expand its appeal to federal agencies
in recent years, the company's actual sales to the U.S. government
have been in decline, according to data posted on a White House Web
site.
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More gloom hovers over Sun Microsystems
2/13/2009 4:06 PM ET
Negativity about the prospects for Sun increases among analysts, after
Goldman Sachs added the server and software developer to its "Americas
conviction sell" list on the grounds that Sun is facing too much
competition and is too dependent on customers that aren't in the
market for high-end computer equipment.
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The Ratings Game: Research In Motion hit by bearish call on smart phones
2/13/2009 11:46 AM ET
Research In Motion takes a hit after Credit Suisse downgrades the
stock to the equivalent of a sell rating, citing worries that the
BlackBerry maker will have
a harder time holding on to its market share and maintaining profit margins.
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Telecom Stocks: Embarq, Ericsson pace telecom-sector gainers
2/13/2009 10:35 AM ET
With shares of Embarq and Ericsson in the lead, advancers outpace
decliners in the telecom sector, though the early price moves mostly
are in a narrow range.
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Barcelona sounds new tone in slowdown
2/13/2009 5:04 AM ET
The mobile phone industry is not known for its muted gatherings. For
years, in Nice and then in Barcelona, its wheelers and dealers have
gathered on the Mediterranean seaside to ogle snazzy new phones, tout
revolutionary technologies and throw well-lubricated parties.
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The Spiral: Lingering deflation may spell disaster for stocks
ef2d47f2bdf90eab52287242&siteid=nwttechdaily
2/13/2009 3:00 AM ET
Many investors believe that a lengthy bout of deflation is unlikely.
But if consumer prices do indeed fall for a long time, the result is
likely to be a disaster for much of the stock market, investment
professionals say.
-----------------------------------------------------------------
The Spiral: Deflation brings bad news for almost everyone
2/13/2009 3:00 AM ET
Bargain shoppers, beware. The last time a major economy experienced
repeat price cuts across a broad range of consumer goods, the stock
market lost 80% of
its value and unemployment hit its highest level since World War II.
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Microsoft hires Wal-Mart veteran to plan retail stores
2/12/2009 6:42 PM ET
Microsoft Corp. hires a 25-year veteran of Wal-Mart Stores Inc. to
oversee the development and opening of the software giant's first
retail stores.
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Stocks to Watch: Stocks in focus for Friday
2/12/2009 6:40 PM ET
Among the companies whose shares are expected to see active trade in
Friday's session are PepsiCo Inc., Abercrombie & Fitch Co., and
Wyndham Worldwide Corp.
-----------------------------------------------------------------
As product range slims, Google scraps radio ad business
2/12/2009 5:33 PM ET
In its latest effort to narrow a historically broad product range, the
Internet search giant says it's abandoning its radio advertising
service.
-----------------------------------------------------------------
Vestas eyes 2009 growth, ramps up U.S. presence
2/12/2009 5:06 PM ET
Vestas Wind Systems CEO Ditlev Engel says he's planning to hire nearly
3,000 more people in the U.S. as the largest standalone wind turbine
maker in the world ramps up production with more sorely-needed green
collar jobs.
-----------------------------------------------------------------
Earnings Outlook: Software, services and stability to lead H-P report
2/12/2009 5:00 PM ET
Analysts say Hewlett-Packard will at the very least meet Wall Street's
earnings and revenue forecast due to strength from its software and
services business when the technology giant reports results on
Wednesday.
Markets Friday, 02/13/2009
| Dow : 7850.41 down 82.35 | S & P : 826.84 down 8.35 |
| NASDAQ: 1534.36 down 7.35 | Bond (10Y): 2.89%, 98.75
MARKETS:
Stocks slide at end of rough week
Wall Street retreats as investors eye the House's OK of the stimulus
plan. The Senate votes tonight.
Death toll in Buffalo crash rises to 50, including 9/11 widow
Death toll in Buffalo crash rises to 50, including 9/11 widow
A commuter aircraft crashed as it was preparing to land in Buffalo,
N.Y., late Thursday night, killing 50, according to reports.
AS PRODUCT RANGE SLIMS, GOOGLE SCRAPS RADIO AD BUSINESS
In its latest effort to narrow a historically broad product range, the Internet
search giant says it's abandoning its radio advertising service.
ABERCROMBIE & FITCH PROFIT TUMBLES AS SALES DROP, BUT SHARES UP
Abercrombie & Fitch shares rally in the face of a 68% drop in net
profit for the fourth quarter, as investors reward cost-control
efforts and applaud post-Christmas sales results.
ECONOMIC REPORT: SEVEN YEARS OF WEALTH GAINS GONE
The nest egg of the typical American family is smaller now than it was
seven years ago, according to Federal Reserve data.
ECONOMIC REPORT: EURO-ZONE ECONOMY SEES RECORD FOURTH-QUARTER CONTRACTION
The German economy contracted at its fastest quarterly pace since 1987
in the final three months of last year, government data showed Friday,
highlighting fears of a deepening recession for the 16-nation euro
zone.
Energy: The Spiral: Deflation brings bad news for almost everyone
Bargain shoppers, beware. The last time a major economy experienced
repeat price cuts across a broad range of consumer goods, the stock
market lost 80% of its value and unemployment hit its highest level
since World War II.
Energy: HSBC Holdings, BP up in London, FTSE 100 on course for flat week
London's top share index climbs as investors buy up banks and oil
producers such as HSBC Holdings and BP.
Energy: Crude futures on the rise, up 2% after five sessions of declines
Crude futures rebound, rising 2% in early action. The recovery comes
on the heels of five consecutive sessions of declines.
Stocks open lower as financial shares remain under pressure and stimulus plan heads to votes in House and Senate.
Stocks open lower as financial shares remain under pressure and
stimulus plan heads to votes in House and Senate.
Thursday, February 12, 2009
Breaking News Thu., February 12, 2009
Senate Confirms Leon Panetta as CIA Director [8:27 p.m. ET]
Stocks recover after reports describe housing rescue plan being considered by the Obama administration.
Stocks recover after reports describe housing rescue plan being
considered by the Obama administration.
Tech: Late rally pushes Nasdaq into the black; Palm, Apple advance
-----------------------------------------------------------------
Tech Stocks: Late rally pushes Nasdaq into the black; Palm, Apple advance
2/12/2009 1:48 PM ET
A late rally pushes tech stocks into positive terrain, led by
semiconductors Palm Inc. and Apple.
-----------------------------------------------------------------
As product range slims, Google scraps radio ad business
2/12/2009 5:33 PM ET
In its latest effort to narrow a historically broad product range, the
Internet search giant says it's abandoning its radio advertising
service.
-----------------------------------------------------------------
Vestas eyes 2009 growth, ramps up U.S. presence
2/12/2009 5:06 PM ET
Vestas Wind Systems CEO Ditlev Engel says he's planning to hire nearly
3,000 more people in the U.S. as the largest standalone wind turbine
maker in the world ramps up production with more sorely-needed green
collar jobs.
-----------------------------------------------------------------
Earnings Outlook: Software, services and stability to lead H-P report
2/12/2009 5:00 PM ET
Analysts say Hewlett-Packard will at the very least meet Wall Street's
earnings and revenue forecast due to strength from its software and
services business when the technology giant reports results on
Wednesday.
-----------------------------------------------------------------
Analyst sounds bearish note on business-software giants
2/12/2009 4:35 PM ET
While large business-software makers such as Oracle and SAP AG have
shielded. themselves from the downturn with large, dependable streams
of maintenance revenue, a Wall Street analyst is nonetheless bearish
on the two technology giants.
-----------------------------------------------------------------
McAfee profit rises on 19% revenue gain
2/12/2009 4:33 PM ET
McAfee Inc. reports its fourth-quarter profit and sales rose sharply
compared to the same period a year earlier, helping send its shares
higher in after-hours trading.
-----------------------------------------------------------------
Charter to file for bankruptcy by April 1
2/12/2009 4:14 PM ET
Cable operator Charter Communications, weighed down by huge debt for
many years, says it will file for Chapter 11 bankruptcy protection by
April 1 under the terms of an agreement with some of its creditors.
-----------------------------------------------------------------
Small-Cap Focus: ComScore shares slide after earnings report
2/12/2009 4:13 PM ET
Shares of the Internet-research firm tumble nearly 26% after the
company issuesa fourth-quarter earnings report that disappoints
analysts and investors.
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London Markets: U.K. stocks drop, led by commodity plays, BT Group
2/12/2009 12:26 PM ET
London shares retreat on weakness in the mining sector, with mostly
downbeat. earnings from the likes of BT Group not helping matters.
-----------------------------------------------------------------
Europe Markets: Stocks in Europe drop for third day in a row
2/12/2009 12:08 PM ET
European shares fall for the third session in a row, with downbeat
results from top firms like BT Group, Capgemini and EdF contributing
to a bearish view over the global economy.
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Telecom Stocks: Sector mostly retreats; Sprint gains
2/12/2009 11:34 AM ET
Telecommunications stocks sweep lower in tandem with the broader
market, though Sprint Nextel Corp. and Clearwire Corp. stand out among
the few gainers.
-----------------------------------------------------------------
Israel Stocks: Market off for 3rd day as election outcome still unclear
2/12/2009 10:31 AM ET
Weakness in Israeli stocks carries into a third straight session, as the
question of which of Israel's two major candidates to be the next
prime minister would be designated to form a government remains
unanswered.
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Pioneer plans 10,000 job cuts, closing TV business
2/12/2009 7:58 AM ET
Pioneer Corp. said Thursday it is closing its television-making
operations and plans to slash 10,000 jobs from its global workforce,
as the economic slowdown batters the consumer electronics industry.
-----------------------------------------------------------------
BT net drops 73% on global services charge
2/12/2009 5:38 AM ET
BT Group Plc, the U.K.'s largest telecommunications company, on
Thursday reported a 73% drop in third-quarter net profit after a
charge at its global services division and warned it may need to book
further charges this year.
Market Thursday, 02/12/2009
| Dow : 7932.76 down 6.77 | S & P : 835.19 up 1.45
|
| NASDAQ: 1541.71 up 11.21 | Bond (10Y): 2.78%, 99.66
MARKETS:
Stocks stage a comeback
The Dow bounces after touching a 3-month low amid worries about the
stimulus and bank bailout plans.
Energy: Russia's Gazprom to raise more money, may seek acquisitions
Russian natural gas monopoly OAO Gazprom plans to raise 90 billion
rubles ($2.6 billion) in the financial markets this year to finance
its investment program, and it may also consider acquisitions of
assets battered by the financial crisis.
Energy: After a bleak winter, natural-gas industry's outlook is iced-in
Sector leaders in the U.S. natural-gas-production business are
wrapping up their bleakest winter in years, with their prospects
weakened by oversupply, icy credit and a global recession.
Passage of stimulus eyed before weekend recess
Passage of stimulus eyed before weekend recess
U.S. lawmakers are scrambling to pass the $789 economic stimulus bill
before this weekend, with a vote in the House possible on Thursday.
MORTGAGES: FIXED MORTGAGE RATES DROP FURTHER: FREDDIE MAC
Average interest for a fixed-rate mortgage drops further, encouraging
refinancing, according to Freddie Mac.
COCA-COLA PROFIT DOWN ON CHARGES, BUT VOLUME RISES
Coca-Cola earnings per share fall 17% in the fourth quarter, but
overseas. business boosts results.
VIACOM'S QUARTERLY NET TUMBLES 69%, HURT BY LOWER AD REVENUE
Viacom's fourth-quarter profit tumbles 69%, hurt by weakness in
advertising sales at MTV and the media conglomerate's other cable
channels, financial results show.
HEDGE FUNDS: INDUSTRY WAS STILL DOGGED BY INVESTOR REDEMPTIONS IN JANUARY
Investor redemptions again dog the hedge fund industry in January, but
withdrawals slowed from the levels seen in November and December,
reports HedgeFund.net.
Energy: Energy stock slump led by drillers
Energy stocks moved into the red more deeply than the broad market on
as bearish economic data and an expected increase in natural gas
inventories cast a cloud over the sector.
Energy: Market off for 3rd day as election outcome still unclear
Weakness in Israeli stocks carries into a third straight session, as
the question of which of Israel's two major candidates to be the next
prime minister would be designated to form a government remains
unanswered.
Government: Retail sales unexpectedly rose 1% in January - and 8,000 fewer people filed for 1st time jobless benefits last week.
Government: Retail sales unexpectedly rose 1% in January - and 8,000
fewer people filed for 1st time jobless benefits last week.
Selling accelerates on Wall Street - Dow sinks more than 200 points - after report shows home prices dropped 12.4% in 2008.
Selling accelerates on Wall Street - Dow sinks more than 200 points -
after report shows home prices dropped 12.4% in 2008.
Wednesday, February 11, 2009
Energy: KBR, Halliburton to pay record fine in Nigeria bribery case
The companies will pay a combined $579 million to settle bribery
charges in connection with their dealings with Nigerian officials, the
largest fine paid under the Foreign Corrupt Practices Act.
Tech: Nvidia, Research In Motion fall, but Nasdaq bounces back
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Tech Stocks: Nvidia, Research In Motion fall, but Nasdaq bounces back
2/11/2009 4:28 PM ET
Broad market gains help most tech issues overcome early jitters
spawned by downbeat news on Research In Motion and Nvidia.
-----------------------------------------------------------------
Intel executive says Clearwire has no urgent need for funding
2/11/2009 5:33 PM ET
An Intel executive says the company doesn't see a need to prop up
Clearwire, a key partner in rolling out next-generation wireless
technology that's facing difficulties constructing a nationwide
network amid the financial downturn.
-----------------------------------------------------------------
Nvidia shares tumble on big loss, weak outlook
2/11/2009 5:28 PM ET
Nvidia Corp. shares slide due to negative fallout from the chip
maker's disappointing fourth-quarter report and weak first-quarter
outlook.
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NetApp swings to $75 million loss
2/11/2009 4:55 PM ET
NetApp Inc. swings to a fiscal third-quarter loss and says it will cut
about 6% of its workforce in an effort to reduce costs and manage
expenses during the current economic climate.
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Activision reports loss, but game sales beat forecasts
2/11/2009 4:52 PM ET
Activision Blizzard Inc. swung to a net loss for the fourth quarter
thanks mostly to accounting rules for deferred revenue, but the
results beat expectations as sales of popular video game franchises
such as "Guitar Hero" and "Call of Duty" remained strong through the
Christmas season.
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Applied Materials' glum view looms over chip industry
2/11/2009 4:38 PM ET
A string of pessimistic news from the leading maker of
chip-manufacturing gear underscores points to a dire outlook for the
semiconductor industry, analysts say.
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Sirius XM shares drop 50% on reports of possible bankruptcy
2/11/2009 4:05 PM ET
Shares of Sirius XM Radio drop nearly 50% on reports that the company
could be close to filing for bankruptcy, suggesting that the severe
economic downturn might be too much for even radio mastermind Mel
Karmazin to overcome.
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Outside the Box: Why employers should be careful about Facebook fishing
2/11/2009 2:48 PM ET
While employers can find out lots of information about prospective
employees from social networking sites, there are risks to doing so.
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Research In Motion shares sell off on earnings forecast
2/11/2009 12:47 PM ET
Research In Motion Ltd. says it expects to report a
higher-than-forecast number of new subscribers for the fourth fiscal
quarter, but earnings will come in at the low end of expectations for
the period.
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Israel Stocks: Market broadly down with election results unclear
2/11/2009 11:30 AM ET
Israel stocks closed broadly lower on Wednesday, the day after the
country's general election left up in the air the question of who will
govern here.
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Sirius mulling bankruptcy filing - reports
2/10/2009 10:52 PM ET
Staggered by debt during the worst U.S. economic crisis since the
Great Depression, Sirius XM Satellite Radio Inc. could be close to
filing for bankruptcy protection, according to a report Tuesday.
FMarkets Wednesday, 02/11/2009
| Dow : 7939.53 up 50.65 | S & P : 833.74 up 6.58
|
| NASDAQ: 1530.50 up 5.77 | Bond (10Y): 2.78%, 108.19
MARKETS:
Stocks rise on stimulus
Wall Street manages gains after lawmakers say compromise on economic
aid package has been reached.
U.S. stocks turn higher after deal on economic stimulus is reached
U.S. stocks turn higher after deal on economic stimulus is reached
2/11/2009 3:05:49 PM EDT
Breaking News Wed., February 11, 2009
Deal Reached Between House and Senate on Stimulus Bill [3:00 p.m. ET]
Energy: Canadian stocks rise, as gold rally boosts miners
Stocks in Canada rise, as the mining sector leads the market higher
amid rallying gold prices, while Research In Motion shares fall
sharply after the company says its earnings will be at the low end of
its target.
Energy: Southern California Edison books massive thermal solar deal
Southern California Edison announced seven purchase agreements for
1,300 megawatts of solar thermal power with BrightSource, a start-up
with backing from Google, BP and Chevron, in what's being billed as
the largest solar deal ever crafted.
Credit Suisse posts $5.2 billion loss, sees good start to 2009
Credit Suisse posts $5.2 billion loss, sees good start to 2009
As Credit Suisse swings to a net loss of 6.02 billion Swiss francs ($5.2
billion) in the fourth quarter on further heavy losses at its
investment banking arm, CEO Brady Dougan points out that the Swiss
banking giant's off to strong start in 2009.
ARCELORMITTAL SWINGS TO SURPRISE $2.6 BILLION LOSS
ArcelorMittal on Wednesday posted an unexpected $2.6 billion loss in
the fourth quarter as the world's largest steelmaker spoke of a
"collapse" in demand and a sharp drop in prices.
BANK OF ENGLAND READY TO BOOST MONEY SUPPLY IN RECESSION FIGHT
The Bank of England is prepared to further ease monetary policy and
could buy British government bonds in an effort to boost the money
supply as it battles a "deep recession," the central bank's governor,
Mervyn King, said Wednesday.
FRANCE BACKS PLAN AS PEUGEOT LOSES $1.4 BILLION
France on Wednesday defended its heavily criticized support for the
auto industry as its second-largest automaker, PSA Peugeot Citroen,
recorded a second-half loss of 1.08 billion euros ($1.4 billion).
U.S. trade deficit falls to six-year low
BULLETIN: U.S. trade deficit falls to six-year low
2/11/2009 8:31:06 AM EDT
Crude futures rebound ahead of U.S. petroleum inventories data
Crude-oil futures move up nearly 2%, erasing a portion of Tuesday's
weakness, as traders await data expected to show U.S. crude supplies
higher last week. Traders also digested the International Energy
Agency's latest revision on oil demand, again cutting its forecast.
Tuesday, February 10, 2009
Markets Tuesday, 02/10/2009
| Dow : 7888.88 down 381.99 | S & P : 827.16 down 42.73
| NASDAQ: 1524.73 down 66.83 | Bond (10Y): 2.81%, 107.88
MARKETS:
Wall Street: Thumbs down on bailout
Stocks slump as new version of the bank rescue plan fails to soothe
jittery investors.
Breaking News: Stocks plunge on bank bailout news
NEW YORK (AP) - Stocks fell more than 4% Tuesday as investors turned
skeptical about the government's latest bank bailout plan. Financial
stocks led the market lower after Treasury Secretary Timothy Geithner
unveiled his revamped plan to deal with the country's financial
crisis. The Dow Jones industrials were down 382 at 7,889. The Standard
& Poor's 500 index is down 42 at 827, and the Nasdaq composite is down
66 at 1,524.
Oil prices fall $2.01 to close at $37.55 a barrel as investors weigh economic uncertainty and sinking global demand for crude.
Oil prices fall $2.01 to close at $37.55 a barrel as investors weigh
economic uncertainty and sinking global demand for crude.
Breaking News Tue., February 10, 2009
Dow Drops More Than 400 Points as Investors Express Frustration With
New Bailout Plan [3:23 p.m. ET]
Dow sinks 4.3% - more than 350 points - S&P 500 loses 4.5% and Nasdaq falls 3.6% as Wall Street reacts to grim economic news.
Dow sinks 4.3% - more than 350 points - S&P 500 loses 4.5% and Nasdaq
falls 3.6% as Wall Street reacts to grim economic news.
Wal-Mart to cut 700-800 jobs at headquarters: report
Wal-Mart to cut 700-800 jobs at headquarters: report
2/10/2009 1:40:24 PM EDT
Senate moves economic recovery plan big step forward, passing $838 billion bill that must now be reconciled with House version.
Senate moves economic recovery plan big step forward, passing $838
billion bill that must now be reconciled with House version.
Geithner unveils rescue: Spurs private investors to buy toxic assets; commits $1 trillion to boost lending; adds bank 'stress test.'
Geithner unveils rescue: Spurs private investors to buy toxic assets;
commits $1 trillion to boost lending; adds bank 'stress test.'
If GM gets much smaller it won't be 'too big to fail'
If GM gets much smaller it won't be 'too big to fail'
General Motors will reportedly cut another 10,000 jobs as it struggles
to avoid bankruptcy and qualify for more federal bailout dollars. But
if it gets much smaller, it won't be "too big to fail."
TREASURY, FED UNVEIL $1.5 TRILLION RESCUE PLAN
Treasury Secretary Timothy Geithner produced his financial stability
plan on Tuesday, saying the Treasury and other federal agencies will
partner with private capital to create a fund for troubled bank assets
that could produce up to $1 trillion in financing capacity.
NEW BAILOUT MAY BE LESS ATTRACTIVE TO SOME BANKS
A new bank bailout plan to be unveiled by the Treasury Department is
set to create incentives for private sector investment into troubled
banks, but regulatory observers worry the incentives might not be
strong enough to bring in the kind of participation the administration
hopes for.
UBS TO SLASH MORE JOBS AFTER REPORTING $7 BILLION LOSS
Troubled Swiss banking group UBS says it will cut another 2,200 jobs
at its investment banking arm and restructure its wealth management
operations as it reported a hefty 8.1 billion Swiss francs ($7
billion) fourth-quarter loss.
OBAMA SAYS STIMULUS PLAN NOT PERFECT BUT URGES PASSAGE
President Barack Obama used prime-time television Monday night to
press his case for an economic stimulus package, saying the $800
billion-plus plan moving through Congress isn't perfect but is
urgently needed to help the staggering U.S. economy.
Selling gains steam on Wall Street: Dow sinks 300 points, falling below 8,000; Nasdaq and S&P 500 both off 3%.
Selling gains steam on Wall Street: Dow sinks 300 points, falling
below 8,000; Nasdaq and S&P 500 both off 3%.
Energy: Oil futures rally 4% on economic stimulus hopes
Oil futures up 4%, buoyed by optimism that President Obama's economic
stimulus and bank rescue plans will boost the ailing U.S. economy.
GM to cut 10,000 more jobs in 2009: report
GM to cut 10,000 more jobs in 2009: report
2/10/2009 9:03:12 AM EDT
Stocks open lower as jittery investors await Geithner's plan to bail out banks. Dow off 70 points at the start.
Stocks open lower as jittery investors await Geithner's plan to bail
out banks. Dow off 70 points at the start.
Monday, February 09, 2009
Market for Monday, 02/9/2009
| Dow : 8270.87 down 9.72 | S & P : 869.89 up 1.29
|
| NASDAQ: 1591.56 down 0.15 | Bond (10Y): 2.98%, 106.41
MARKETS:
Choppy session on Wall Street
Stocks sway on stimulus debate while bank stocks rally for the third
session ahead of the bailout plan.
Oil settles 61 cents lower to $39.56 after OPEC hints at further supply cuts.
Oil settles 61 cents lower to $39.56 after OPEC hints at further supply cuts.
Stocks flatline as Wall Street waits for President Obama's press conference on economy and Treasury's bank rescue plan.
Stocks flatline as Wall Street waits for President Obama's press
conference on economy and Treasury's bank rescue plan.
OBAMA PITCHES FOR STIMULUS AS SENATE NEARS VOTE
OBAMA PITCHES FOR STIMULUS AS SENATE NEARS VOTE
President Barack Obama goes back on the campaign
trail Monday to hustle for the economic stimulus plan, while a crucial
procedural vote looms in the Senate later in the day.
HASBRO NET DROPS 30%, HIT BY WEAK HOLIDAY SALES AND DOLLAR'S RISE
Hasbro details weak results, as the holiday sales season proved to be
a disappointment and the dollar gained strength.
DOWNGRADES WEIGH ON BUILDERS, BUT BEAZER RALLIES ON SMALLER LOSS
Home-builder stocks trade lower after announcements on an economic
stimulus package and a plan to help troubled banks are pushed back.
STARBUCKS TO OFFER DISCOUNT DEALS
Starbucks is rolling out its version of the value menu.
Fwd: Energy: Crude futures gain more than 1% amid U.S. stimulus hopes
Crude-oil futures make early gains, consolidating atop $40 a barrel,
as traders focus on Washington's latest plans for economic stimulus
and new measures aimed at propping up U.S. banks.
Fwd: Stocks open lower after the Obama administration delays rollout of its bank bailout overhaul.
Stocks open lower after the Obama administration delays rollout of its
bank bailout overhaul.
Sunday, February 08, 2009
Treasury Department says Timothy Geithner's announcement about the new bank bailout plan will be postponed until Tuesday.
Treasury Department says Timothy Geithner's announcement about the new
bank bailout plan will be postponed until Tuesday.
