Friday, January 15, 2010
Bank stocks lead selloff, with the Dow ending 102 points lower, even as JPMorgan and Intel results beat expectations.
Bank stocks lead selloff, with the Dow ending 102 points lower, even
as JPMorgan and Intel results beat expectations.
Stocks fall; sentiment, J.P. Morgan disappoint
STOCKS FALL; SENTIMENT, J.P. MORGAN DISAPPOINT
U.S. stocks succumb to selling, playing off consumer sentiment that
came in lower than expected and faltering investor confidence tied to
J.P. Morgan Chase and Intel following their earnings reports.
NBC KILLS JAY LENO SHOW, BUT CONAN'S FATE UNCLEAR
NBC has unveiled its post-Winter Olympics lineup, officially canceling
"The Jay Leno Show," but the network offered no comment on reports
that Conan O'Brien will leave the network as Leno reassumes his role
as host of "The Tonight Show."
WHY IS JEFF ZUCKER STILL RUNNING NBC?
The chaos surrounding Jay Leno and Conan O'Brien epitomizes NBC
Universal Chief Executive Jeff Zucker's mismanagement, writes Jon
Friedman.
FOX IS STILL THE BEST FIT FOR CONAN: ANALYST
Conan O'Brien is probably best suited for the youngest of the four
major broadcast networks, a media analyst says, even though some Fox
television affiliates have balked at the idea.
J.P. MORGAN PROFIT JUMPS BUT CHIEF IS 'CAUTIOUS'
J.P. Morgan Chase earns more than analysts expected in the quarter,
but its credit costs remain high, and it sets aside nearly $2 billion
to cover consumer-loan losses as 1in 10 American workers remains
unemployed.
Stocks extend losses on weakness in financial stocks; Dow down more than 100 points.
Stocks extend losses on weakness in financial stocks; Dow down more
than 100 points.
U.S. stocks open mixed as investors consider inflation and earnings reports. Dow slips 20 points, but the Nasdaq is 4 points higher.
U.S. stocks open mixed as investors consider inflation and earnings
reports. Dow slips 20 points, but the Nasdaq is 4 points higher.
U.S. says consumer prices rose 2.7% in 2009, a sharp increase from 2008, due primarily to higher gasoline prices.
U.S. says consumer prices rose 2.7% in 2009, a sharp increase from
2008, due primarily to higher gasoline prices.
Thursday, January 14, 2010
Stocks finish higher, with the Dow gaining around 29 points to a 15-msonth high, as investors await Intel results.
Stocks finish higher, with the Dow gaining around 29 points to a
15-month high, as investors await Intel results.
U.S. stocks cling to gains at midday
U.S. STOCKS CLING TO GAINS AT MIDDAY
Four technology components are among the Dow's top performers,
including Intel, up ahead of its closely watched earnings report
slated for release after Thursday's close.
OBAMA PROPOSES SPECIAL FEE ON FINANCIAL COMPANIES
President Barack Obama proposes a special 10-year fee on large
financial companies to repay taxpayers for the 'extraordinary'
assistance they got to keep the economy from collapsing in late 2008.
BANK TAX: ANGER OR COMMON SENSE?
President Obama has yet to publicly announce the plan, but industry
grumbling about the bank tax is already beginning -- and it's not just
the president they're unhappy with, it's you angry Joe America, at
whom they're miffed.
OBAMA BANK TAX WON'T STOP THE RISK PARTY
When in doubt, hit them with a new tax. That seems to be the Obama
administration's answer to just about everything these days, and the
financial crisis is no different.
BIG BANK CEOS ADMONISHED FOR THEIR ROLE IN CRISIS
As the White House and Congress consider a host of new regulations for
Wall Street, a commission studying the financial crisis harshly
criticizes the heads of the nation's biggest banks for their role in
the near collapse of the economy in 2008.
Holiday season sales showed a surprise year-over-year increase, rising 1.1%, according to retailers' trade group.
Holiday season sales showed a surprise year-over-year increase, rising
1.1%, according to retailers' trade group.
Obama tells banks to pay up: His proposed bank tax would raise $90 billion over 10 years from about 50 big institutions.
Obama tells banks to pay up: His proposed bank tax would raise $90
billion over 10 years from about 50 big institutions.
Retail sales fell 0.3% in December, surprising analysts; number of filers for first-time jobless benefits rose last week to 444,000.
Retail sales fell 0.3% in December, surprising analysts; number of
filers for first-time jobless benefits rose last week to 444,000.
Stocks open modestly lower as investors digest disappointing reports on retail sales and jobless claims.
Stocks open modestly lower as investors digest disappointing reports
on retail sales and jobless claims.
Wednesday, January 13, 2010
U.S. runs $91.9 billion deficit in December - 15th straight month in the red and nearly double what it was a year earlier.
U.S. runs $91.9 billion deficit in December - 15th straight month in
the red and nearly double what it was a year earlier.
Stocks end higher, with the Dow gaining about 54 points, as rallying financial and tech shares prop up major indexes.
Stocks end higher, with the Dow gaining about 54 points, as rallying
financial and tech shares prop up major indexes.
Google shares fall on concerns about China market
GOOGLE SHARES FALL ON CONCERNS ABOUT CHINA MARKET
Analysts say it would lose access to the world's most coveted, fast-growing
market, which could have severe consequences for the future.
THOUSANDS FEARED DEAD IN HAITI QUAKE
Aid groups from the U.S. and around the world on Wednesday mobilized
aid efforts to Haiti, where the worst earthquake in 200 years raised
fears of a death toll well into the thousands, according to reports
Wednesday.
INQUIRY CHIEF CHIDES TOP BANK EXECUTIVES IN CRISIS
Expecting to be on the receiving end of finger-pointing and political
outrage, a panel of the nation's biggest bankers urge caution against
going too far in responding to the financial crisis that shook the
economy to the brink in 2008.
FDIC EYES MEASURE TYING BANK FEES TO EMPLOYEE PAY
Responding to a public outcry over Wall Street pay packages, the Federal
Deposit Insurance Corp. launches into a debate for proposing new rules
that could require banks with riskier pay practices to pay higher fees
to the agency's insurance fund.
SOCGEN PROFIT ALMOST WIPED OUT BY $2 BLN CHARGE
Shares in Societe Generale fall as much as 6% Wednesday after the
French bank warns that it will take another 1.4 billion euros ($2.02
billion) of charges on risky mortgage assets, virtually wiping out its
profit for the fourth quarter.
Stocks open higher as investors await more signs that the economy is firmly on a path to recovery. Dow gains 23 points.
Stocks open higher as investors await more signs that the economy is
firmly on a path to recovery. Dow gains 23 points.
CEOs of four major banks, in testimony before Financial Crisis Inquiry panel, say regulatory reform needed to prevent future crises.
CEOs of four major banks, in testimony before Financial Crisis Inquiry
panel, say regulatory reform needed to prevent future crises.
Energy: Oil prices drop below $80/brl as supplies rise
1/13/2010 6:15:00 AM ET
Crude futures drop below $80 a barrel on Wednesday, falling for a
third session, as an industry group reports large builds in U.S.
petroleum inventories, rekindling worries that energy demand remains
weak.
Tuesday, January 12, 2010
Stocks end in the red, with the Dow closing 38 points lower, after Alcoa sets a negative tone for fourth-quarter corporate results.n
Stocks end in the red, with the Dow closing 38 points lower, after
Alcoa sets a negative tone for fourth-quarter corporate results.
U.S. stocks take modest dip across the board
U.S. STOCKS TAKE MODEST DIP ACROSS THE BOARD
Retail and energy companies lag behind the broader market, and early
earnings reports fall short of investors' high expectations.
ALCOA SHARES TUMBLE ON DISAPPOINTING EARNINGS
Shares of Alcoa Inc. fall as much as 8% at the open, a day after the
aluminum giant reported a narrower fourth-quarter loss, aided by
improving aluminum prices and lower corporate costs.
ALCOA KICKS OFF EARNINGS WITH A DOSE OF REALITY
For those who like to think a big aluminum company like Alcoa can
double as a barometer for how the rest of the earnings season is
likely to go, it was an ugly start.
TIFFANY RAISES OUTLOOK AFTER STRONG HOLIDAY SALES
another sign that the bruised luxury sector may be nursing back to
life, jewelry retailer Tiffany & Co. on Tuesday raised its profit
outlook for the year after holiday sales turned out better than
expected.
RETAIL STOCKS SLIP AFTER LACKLUSTER SALES REPORT
With some few exceptions, retail stocks were weaker Tuesday, falling
in the wake of a lackluster weekly sales report and broad-market
weakness.
U.S. trade deficit hits above-consensus $36.4 billion in November
U.S. trade deficit hits above-consensus $36.4 billion in November
1/12/2010 8:31:51 AM EDT
Stocks open lower after Alcoa's tepid results, and following a report showing the trade deficit widened. Dow slumps 64 points.
Stocks open lower after Alcoa's tepid results, and following a report
showing the trade deficit widened. Dow slumps 64 points.
Monday, January 11, 2010
Dow Added 45.8 points
JAN 11, 2010 04:02 PM EDT
Stocks finish mixed as investors brace for corporate reporting season, starting with Alcoa after the bell.
Stocks finish mixed as investors brace for corporate reporting season,
starting with Alcoa after the bell.
Heineken to buy Femsa's beer ops for $5.5 billion
HEINEKEN TO BUY FEMSA'S BEER OPS FOR $5.5 BILLION
Consolidation in the global brewing industry continues on Monday as
Heineken emerges as the surprise winner in the battle to buy Femsa
Cerveza in a $5.5 billion all-stock deal.
HEINEKEN MAKES ITS PLAY
The golden age of macrobrewers advances another step with Heineken's
deal for Femsa.
GOLD FUTURES JUMP AS MUCH AS $24 ON GLOBEX
Gold futures climb by as much as $24 an ounce to touch their strongest
intraday level in more than a month, as further weakness U.S. dollar
and strong trade figures from China lure investors.
MONDAY'S BIGGEST GAINING AND DECLINING STOCKS
Associated Banc, Heineken and McMoran are all making notable moves in
the U.S. stock market.
Stocks open higher as investors await Alcoa's quarterly results after the closing bell. Dow edges up 27 points.
Stocks open higher as investors await Alcoa's quarterly results after
the closing bell. Dow edges up 27 points.
