Saturday, February 21, 2009
Energy: Stocks in focus for Monday
Among the companies whose shares are expected to see active trade in
Monday's session are Campbell Soup, Nordstrom and Hertz.
Friday, February 20, 2009
Oregon's Silver Falls Bank seized by FDIC; 14th failure this year
Subject: Oregon's Silver Falls Bank seized by FDIC; 14th failure this year
Oregon's Silver Falls Bank seized by FDIC; 14th failure this year
2/20/2009 9:30:33 PM EDT
Markets Friday, 02/20/2009
| Dow : 7365.67 down 100.28 | S & P : 770.05 down 8.89 |
| NASDAQ: 1441.23 down 1.59 | Bond (10Y): 2.79%, 99.63
MARKETS:
Dow closes at 6-year low
Worries about the bank sector batter the Dow and S&P 500, while the
Nasdaq manages to stabilize.
Gold tops $1,000 an ounce as stocks hit new lows
Gold tops $1,000 an ounce as stocks hit new lows
Gold futures top the key $1,000 mark for the first time in nearly a
year, as investors spooked by the sell-off in U.S. stock futures and
international stock markets sought safety in the precious metal.
UBS DROPS AS U.S. PROBE IS SEEN CHALLENGING PRIVATE BANKING MODEL
Shares in Switzerland's UBS sank around 14% Friday as shareholders
reacted to the news that U.S. authorities are seeking information on
as many as 52,000 accounts held by American customers.
ECONOMIC REPORT: CONSUMER PRICES RAN FLAT OVER THE PAST YEAR, U.S. DATA SHOW
With energy prices tumbling 20%, U.S. consumer prices are unchanged
over the past 12 months, the lowest inflation rate since 1955, Labor
Department data show. As they downplay prospects for deflation,
economists keep a wary out for signs of an upsurge in retail-level
inflation.
LEWIS SUBPOENAED OVER MERRILL DEAL: WSJ
Ken Lewis, chairman and chief executive of Bank of America Corp. has been
subpoenaed by New York State Attorney General Andrew Cuomo, according to a
report.
HOW THE OBAMA MORTGAGE PLAN WILL AFFECT BORROWERS
Some homeowners who are underwater on their mortgages and those stuck
in high-cost subprime loans could soon be eligible for a lower
mortgage rate, according to an Obama administration plan announced on
Wednesday.
Energy: Crude dip weighs on oil and gas sector
Subject: Energy: Crude dip weighs on oil and gas sector
To: johntam321@gmail.com
Oil and natural-gas stocks sustain early losses, pressured out of the
gate by lower crude-oil prices and renewed economic headwinds that
take the broader equities market lower still.
Consumer prices rose 0.3% in January, the first increase since July, U.S. says. Annual rate remains at half-century low.
Consumer prices rose 0.3% in January, the first increase since July,
U.S. says. Annual rate remains at half-century low.
Thursday, February 19, 2009
Markets Thursday, 02/19/2009
| Dow : 7465.95 down 89.68 | S & P : 778.94 down 9.48 |
| NASDAQ: 1442.82 down 25.15 | Bond (10Y): 2.85%, 99.09
MARKETS:
Dow stumbles to 6-year low
Bank stocks lead the retreat, pushing the blue-chip indicator to
levels not seen since October 2002.
Ex-prosecutor Robert Khuzami named SEC enforcement director
Ex-prosecutor Robert Khuzami named SEC enforcement director
2/19/2009 1:52:00 PM EDT
Number of people filing for first-time unemployment benefits last week was 627,000, same number as previous week.
Number of people filing for first-time unemployment benefits last week
was 627,000, same number as previous week.
U.S. stock investors eye another test of bear-market lows
U.S. stock investors eye another test of bear-market lows
The U.S. stock market's climb on Thursday had investors steering clear
of three-month lows hit earlier in the week, with the bear-market
bottom called by some in November holding for now. But not all believe
the three-month lows will stand.
ECONOMIC REPORT: U.S. WEEKLY INITIAL JOBLESS CLAIMS UNCHANGED AT 627,000
First-time claims for state jobless benefits were unchanged in the
latest week,but remain at a high not seen since the early 1980s, the
Labor Department
reports.
H-P SHARES SLUMP AS EARNINGS, OUTLOOK DISAPPOINT
Shares of Hewlett-Packard to open lower as investors react to
financial results showing the blue-chip tech giant posting a 13%
decline in first-quarter profit and offering up a lackluster outlook
for the second quarter of fiscal 2009.
SPRINT POSTS ANOTHER LOSS BUT SAYS RECOVERY STARTS TO TAKE HOLD
Sprint Nextel posts another quarterly loss after shedding 1.3 million
wireless customers, reflecting the company's difficulty in turning its
business around, especially in a deep U.S. recession.
ECONOMIC REPORT: U.S. PRODUCER PRICES RISE 0.8% IN JANUARY
U.S. producer prices in January rise for the first time since July,
the Labor Department reports, as energy prices stage a comeback and
propel the overall producer price index higher.
HOW THE OBAMA MORTGAGE PLAN WILL AFFECT BORROWERS
Some homeowners who are underwater on their mortgages and those stuck
in high-cost subprime loans could soon be eligible for a lower
mortgage rate, according to an Obama administration plan announced on
Wednesday.
BOJ moves to increase liquidity; holds key interest rate near zero
BOJ moves to increase liquidity; holds key interest rate near zero
2/19/2009 12:07:58 AM EDT
Wednesday, February 18, 2009
Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in
Thursday's session are Sprint Nextel, Hormel, CVS Caremark, and
Brocade.
Markets Wednesday, 02/18/2009
| Dow : 7555.63 up 3.03 | S & P : 788.42 down 0.75
|
| NASDAQ: 1467.97 down 2.69 | Bond (10Y): 2.75%, 99.94
MARKETS:
Stocks churn on economic woes
Major indexes struggle for direction on ongoing economic worries.
Obama's housing plan and Fed forecast are in focus.
Wall Street little changed at the close after choppy trading as investors struggle to parse out Obama's stimulus plan.
Wall Street little changed at the close after choppy trading as
investors struggle to parse out Obama's stimulus plan.
President Obama formally announces wide-ranging plan to attack the mortgage meltdown – 'a crisis unlike any we've ever known.'
President Obama formally announces wide-ranging plan to attack the
mortgage meltdown – 'a crisis unlike any we've ever known.'
Obama sets aside $75 billion to slow foreclosures
Obama sets aside $75 billion to slow foreclosures
The Obama administration unveils a plan to help 9 million at-risk
homeowners modify their mortgages, committing $75 billion of taxpayer
money to back the initiative.
ECONOMIC REPORT: HOUSING STARTS PLUNGE 17% TO RECORD LOW IN JANUARY
The collapse in the housing industry accelerated in January, as
construction on new U.S. housing units plunged 16.8% to a seasonally
adjusted annual rate of 466,000, the Commerce Department reported
Wednesday, far below the weakest
levels of construction in the post-World War II era.
MBIA'S SHARES RALLY AS BOND INSURER TO SPLIT OFF MUNI BUSINESS
Shares of MBIA rally as the bond insurer says it's splitting off its
municipal-bond business.
GM, CHRYSLER REQUEST UP TO $39 BILLION IN LOANS
General Motors Corp. and Chrysler LLC, both drowning in debt as car
sales continue to spiral downward, submitted requests to the U.S.
Treasury late Tuesday that, if granted, could provide up to $39
billion in emergency loans to keep the automakers from falling into
bankruptcy.
DEERE'S FIRST-QUARTER PROFIT FALLS 45%; FULL-YEAR OUTLOOK CUT
Deere's first-quarter earnings fall 45% on the back of climbing
raw-material costs and foreign-exchange volatility, financial results
reported by the farm-equipment manufacturer show. Management also
scales back its forecasts for
full-year profit and sales.
Tuesday, February 17, 2009
GM says it could need up to $30 billion in federal money by 2011
GM says it could need up to $30 billion in federal money by 2011
2/17/2009 6:32:45 PM EDT
Energy: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Hewlett-Packard, CBS, Comcast, and Whole Foods
Market.
Markets Tuesday, 02/17/2009
| Dow : 7552.60 down 297.81 | S & P : 789.17 down 37.67 |
|
| NASDAQ: 1470.66 down 63.70 | Bond (10Y): 2.65%, 100.88
MARKETS:
Stocks slump despite stimulus
Dow ends at 3-month lows, with Wall Street sliding even as President
Obama signed into law the $787 billion economic stimulus plan.
Dow falls nearly 300; S&P 500 closes below 800 for first time since Nov. 20
Dow falls nearly 300; S&P 500 closes below 800 for first time since Nov. 20
2/17/2009 4:08:11 PM EDT
Stocks tumble, led by beaten bank shares, on day President Obama enacts economic rescue. Dow, Nasdaq and S&P end about 4% lower.
Stocks tumble, led by beaten bank shares, on day President Obama
enacts economic rescue. Dow, Nasdaq and S&P end about 4% lower.
reaking News: President Obama signs stimulus bill
DENVER - Obama signs $787 billion economic plan, most sweeping rescue
package in decades.
Oil drops $2.58 to settle at $34.93/barrel amid continuing concerns over weak energy demand.
Oil drops $2.58 to settle at $34.93/barrel amid continuing concerns
over weak energy demand.
Gold closes at a seven-month high of $967 an ounce
Gold closes at a seven-month high of $967 an ounce
2/17/2009 2:05:08 PM EDT
Stocks putting November lows to the re-test
Stocks putting November lows to the re-test
With the S&P 500 trading below 800 for the first time in nearly three
months, the broad market is testing November lows in what could prove
to be a pivotal. trial for what's viewed as a key support level.
FUTURES MOVERS: OIL DROPS 7% AS U.S. STOCK INDEXES FALL, ECONOMIC WORRIES MOUNT
Oil futures tumbled below $35 a barrel on Tuesday, as falling U.S.
stock indexes and concerns about the global economy weighed on
investor sentiment.
EXPENSES HURT WAL-MART'S PROFIT, BUT RESULTS EXCEED VIEW
Retail giant Wal-Mart Stores Inc. says fourth-quarter profit fell
7.4%, hurt by higher expenses and a stronger dollar even as its
low-price position has helped it win traffic and sales from
budget-conscious shoppers.
SIRIUS GETS LIFELINE FROM LIBERTY MEDIA; SHARES DOUBLE
Shares of Sirius XM Satellite Radio as much as doubled Tuesday morning
on news that John Malone's Liberty Media has agreed to invest a total
of $530 million in the the beleaguered radio company, allowing it to
avoid a Chapter 11 bankruptcy filing.
VENEZUELA OPPOSITION REFLECTS ON LOSS; ECONOMISTS WARN OF TROUBLE
The Venezuelan people's decision to dismantle term limits is a
resounding vote of confidence in President Hugo Chavez and is forcing
the opposition to reflect.on its strategy and seek new ways to reach
the millions who can't imagine their nation without the popular
strongman.
Monday, February 16, 2009
Energy: Shares in Europe fall as financials pressure
European shares fell in early trading on Monday as nationalization
fears returned to the banking sector and Daimler shares fell after a
broker downgrade.
Breaking News
Pakistan agrees landmark deal with Taliban allowing strict Islamic law
to be implemented in troubled province.
Breaking News
Pakistan agrees landmark deal with Taliban allowing strict Islamic law
to be implemented in troubled province.
