Friday, January 22, 2010
Markets, Friday, 01/22/2010
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| Dow : 10172.98 down 216.90 | S & P : 1091.76 down 24.72 |
| NASDAQ: 2205.29 down 60.41 | Bond (10Y): 3.61%, 98.06
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MARKETS:
Worst day in 3 months
Major gauges retreat for the third straight session as investors worry
about the White House's bank plan, the future for Fed chief Bernanke
and China's lending practices.
Dow industrials' 3-session plunge of 552 points caps index's worst week since Feb. 2009
Dow industrials' 3-session plunge of 552 points caps index's worst
week since Feb. 2009
01/22/2010 04:04:39 PM EDT
Dow suffers biggest loss in nearly 3 months, in 3rd day of major selloff, on concerns about Obama bank plan, Bernanke confirmation.
Dow suffers biggest loss in nearly 3 months, in 3rd day of major
selloff, on concerns about Obama bank plan, Bernanke confirmation.
Dow industrials fall 200 points; American Express, down 9%, is biggest decliner
Dow industrials fall 200 points; American Express, down 9%, is biggest decliner
01/22/2010 03:48:52 PM EDT
Stock losses accelerate in final hour of trading. Dow falls more than 150 points.
Stock losses accelerate in final hour of trading. Dow falls more than
150 points.
U.S. stocks open lower as tech earnings lag
U.S. STOCKS OPEN LOWER AS TECH EARNINGS NOT UP TO EXPECTATION
U.S. stocks open lower on Friday as materials lag and earnings in the
technology sector fail to meet high expectations.
STOCK MARKET CORRECTING AMID MOSTLY UPBEAT RESULTS
The numbers and the U.S. stock market's reaction are telling different
stories about the results early on in the earnings reporting season.
UPDATES, ADVISORIES AND SURPRISES
A roundup of the latest corporate earnings reports and what companies
are saying about future quarters.
GE SEES A 'SOLID' RETURN TO GROWTH IN 2011
General Electric posts net income that fell 19% in the fourth quarter,
a result better than analysts had expected, as the industrial and
financial-services giant says it saw several "encouraging signs" at
year-end."
JOHNSON CONTROLS SWINGS TO PROFIT; SHARES JUMP
Shares jump more than 5%, bucking a decline in the broader market
after the auto-parts maker says it swung to a first-quarter profit and
also lifted its 2010 forecast.
U.S. reports unemployment rose in 43 states in December, reversing prior month's trend; 17 states have rates above 10%.
U.S. reports unemployment rose in 43 states in December, reversing
prior month's trend; 17 states have rates above 10%.
Stocks open lower, with all three major U.S. indexes in the red for a third session. Dow slides 46 points.
Stocks open lower, with all three major U.S. indexes in the red for a
third session. Dow slides 46 points.
Thursday, January 21, 2010
Markets, Thursday, 01/21/2010
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| Dow : 10389.88 down 213.27 | S & P : 1116.48 down 21.56 |
| NASDAQ: 2265.70 down 25.55 | Bond (10Y): 3.59%, 98.19
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MARKETS:
Wall Street's worst day in months
Stocks retreat after White House talks financial regulation. China's
bank curbs, weaker commodity prices, ho-hum economic news also weigh
on the markets.
Stocks suffer worst drubbing of '10 after President Obama proposes new bank limits. Dow's 219-point drop puts it down for the year.
Stocks suffer worst drubbing of '10 after President Obama proposes new
bank limits. Dow's 219-point drop puts it down for the year.
News Alert: Poll finds most want Dems to start over on health care
WASHINGTON - A 55% majority of Americans say President Obama and
congressional Democrats should suspend work on the health care bill
that has been on the verge of passage and consider alternatives that
would draw more Republican support, a USA TODAY/Gallup Poll taken
Wednesday finds.
Financials down as earnings reports drive trading
FINANCIALS DOWN AS EARNINGS REPORTS DRIVE TRADING
Regional banks rally following better-than-expected quarterly results
from some of the group's key lenders.
OBAMA TO PROPOSE NEW LIMIT ON BIG COMMERCIAL BANKS
President Barack Obama proposes new limits on the size of
'too-big-to-fail' banks and the risks they may take, aiming to keep
banks from becoming so large that they put the broader economy at risk
and distort normal competitive
CREDIT-CARD FIRMS GET CRAFTY IN SKIRTING LAW
Between now and Feb. 22 when the new credit-card rules go into effect,
you'll see a lot of excited media types talking about all of the good
to come out of those regulations, but as a consumer you should worry
about what's still on the menu. The card issuers have been cooking up
all kinds of new things that their bottom line will find appetizing,
but that may make you sick.
GOLDMAN PROFITS TOP TARGET AS COMPENSATION TRIMMED
Goldman Sachs swings to a fourth-quarter profit that bests analyst
estimates, as lower-than-expected compensation levels boost the bottom
line.
GOLDMAN SACHS' U.K. STAFF MAY FACE BONUS CAP
Goldman Sachs' London-based employees are likely to face a cap on
their bonuses in response to the U.K. government's one-off tax on
payouts.
Obama proposes curbs on banks to rein in risk by limiting securities trading, says he's ready to 'fight' if industry pushes back.
Obama proposes curbs on banks to rein in risk by limiting securities
trading, says he's ready to 'fight' if industry pushes back.
Dow plunges more than 200 points as selloff on Wall Street accelerates. Nasdaq slides 1.2%, S&P 500 tumbles 1.8%.
Dow plunges more than 200 points as selloff on Wall Street
accelerates. Nasdaq slides 1.2%, S&P 500 tumbles 1.8%.
Breaking news: Supreme Court rolls back campaign finance limits
The U.S. Supreme Court has ruled that corporations may spend freely to
support or oppose candidates for president and Congress, a decision
that eases decades-old limits on participation in federal political
campaigns.
Stocks fall sharply, led by financials, after weak manufacturing data
Stocks fall sharply, led by financials, after weak manufacturing data
01/21/2010 10:49:58 AM EDT
Number of people filing for first-time jobless benefits rose 36,000 last week to 482,000, the highest total in two months.
Number of people filing for first-time jobless benefits rose 36,000
last week to 482,000, the highest total in two months.
Stocks open mixed as investors digest Goldman Sachs' profit report and a jump in jobless claims.
Stocks open mixed as investors digest Goldman Sachs' profit report and
a jump in jobless claims.
Wednesday, January 20, 2010
Same-sex couples can be effective parents, study finds
Children raised by same-sex couples appear to do as well as those
raised by parents of both sexes, suggests an international research
review that challenges the long-ingrained belief that children need
male and female parents for healthy adjustment.
"It's more about the quality of the parenting than the gender of the
parents," says Judith Stacey of New York University, co-author of the
comprehensive review. It will be published Friday in the Journal of
Marriage and Family.
Energy: World Bank says global recovery looks tepid
The global economy is set for a tepid rebound after a disastrous 2009
and may even run out of steam later this year, according to new World
Bank report.
Markets, Wednesday, 01/20/2010
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| Dow : 10603.15 down 122.28 | S & P : 1138.04 down 12.19 |
| NASDAQ: 2291.25 down 29.15 | Bond (10Y): 3.65%, 97.72
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MARKETS:
Stocks get knocked back
Dow in triple-digit retreat as investors sell commodities, techs,
banks. The greenback firms up.
Stocks end with declines, but off their lows, as the dollar strengthens. Dow drops 122 points, Nasdaq and S&P slide more than 1%.
Stocks end with declines, but off their lows, as the dollar
strengthens. Dow drops 122 points, Nasdaq and S&P slide more than 1%.
U.S. stocks slide on China concerns
U.S. STOCKS SLIDE ON CHINA CONCERNS
Stocks tumble on fresh fears that China's attempts to curb bank
lending might slow global growth, while a bigger-than-expected drop in
housing starts rekindles concerns about the shape of the U.S.
recovery.
NYTIMES.COM TO LAUNCH PAY MODEL NEXT YEAR
Pressured by steep losses in print advertising as more consumers get
their news and information from the Internet, New York Times Co. says
its flagship newspaper will move to a paid model at the beginning of
2011.
U.S. PRODUCER PRICES RISE 0.2% IN DECEMBER
Prices at the wholesale level in December rise 0.2%, largely owing to
a sharp increase in food costs, the Labor Department reports. The data
would seem to indicate inflationary pressures remain under wraps.
N.Y. TIMES TO CHARGE FOR CONTENT -- FINALLY
In the annals of history, perhaps only the D-Day invasion required as
much meticulous, torturous planning as the New York Times Co.'s
decision to begin charging consumers for its online content.
FEARS OF CHINA BANK LENDING CURBS HIT ASIA STOCKS
Most Asian markets end lower as concerns China may step up its
tightening measures to cool a rapidly growing economy hit banking and
resource shares hard.
Stock selloff intensifies with IBM leading the charge lower. Dow sinks more than 200 points and Nasdaq plunges 2%.
Stock selloff intensifies with IBM leading the charge lower. Dow sinks
more than 200 points and Nasdaq plunges 2%.
Dow sinks more than 100 points in first 5 minutes of trading as selloff gains momentum.
Dow sinks more than 100 points in first 5 minutes of trading as
selloff gains momentum.
Stocks open lower as investors digest results from Bank of America, Wells Fargo and Morgan Stanley. Dow drops 63 points.
Stocks open lower as investors digest results from Bank of America,
Wells Fargo and Morgan Stanley. Dow drops 63 points.
Tuesday, January 19, 2010
GOP wins Mass. Senate race
BOSTON - Republican Scott Brown has won the Massachusetts Senate seat
held for nearly a half-century by Democrat Edward Kennedy. Brown's
victory in the special election gives Senate Republicans the 41st vote
they need to block legislation favored by majority Democrats and
President Barack Obama.
International Hesadline News
>TOP STORIES as of 0900 HKT -- 20 January, 2010
> HAITI PM: 72,000 BODIES RECOVERED FROM EARTHQUAKE
Haitian authorities have recorded more than 70,000 deaths since
last week's magnitude 7 earthquake outside Port-au-Prince, the
country's prime minister has said.
> HAITI PM: GOVERNMENT IN RECOVERY MODE
Haiti's government has regrouped after last week's devastating
earthquake and is working to find food, shelter and medicine for
survivors, its prime minister said Tuesday.
> WOMAN RESCUED A WEEK AFTER QUAKE
Rescue workers pulled a woman out of rubble near Haiti's
national cathedral Tuesday, a week after a magnitude 7.0
earthquake struck.
> QUAKE'S LITTLEST VICTIMS CLING TO LIFE
We went to see orphanages Monday. One was called Maison des
Enfants de Dieu -- House of the Children of God. The house is
still standing, but the children are afraid to go back in.
> QUAKE HITS OFF CAYMAN ISLANDS
A 5.8-magnitude earthquake struck Tuesday off the Cayman
Islands, the U.S. Geological Survey said.
> SCORES DIE IN NIGERIA RELIGIOUS VIOLENCE
Authorities have slapped a curfew on a city that has seen
repeated violence between Christians and Muslims in Nigeria, but
it has failed to stop the latest outbreak of killing, officials Say.
> MASSACHUSETTS HOLDS KEY ELECTION
The Senate election in Massachusetts goes could determine the
fate of the national Democratic agenda, including health care
plans.
> CADBURY ACCEPTS $21.8B KRAFT TAKEOVER
The boards of Kraft and Cadbury said Tuesday that they are close
to finalizing a deal that would see the American food giant take
over the 200-year-old British confectionery maker.
~~~~~~~~~~~
BUSINESS
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> UK STORE LAUNCHES DIVORCE GIFT REGISTRY
A new service launched by a UK department store promises to make
life a little easier for couples who divorce, by offering them a
gift registry option in stores.
> YALE ALUM'S GIFT STIRS REACTION IN CHINA
A Chinese millionaire's $8,888,888 gift to Yale University has
impressed and provoked his countrymen.
> JAL FILING FOR BANKRUPTCY
"I'd like to take a pistol and shoot every JAL executive of the
last 20 years," says Hideo Fujiwara, an otherwise gently spoken
72-year-old.
Stocks asharply higher on quarterly results, the Kraft-Cadbury deal and the Masschusetts Senate voting. Dow gains 115 points.
Stocks finish sharply higher on quarterly results, the Kraft-Cadbury
deal and the Masschusetts Senate voting. Dow gains 115 points.
Health care leads U.S. market higher
HEALTH CARE LEADS U.S. MARKET HIGHER
Investors view it more likely that compromises could be made to the
Senate health bill, given the chance for Democrats to lose a Senate
seat in Massachusetts.
KRAFT TO BUY CADBURY IN $19.5 BLN FRIENDLY DEAL
After months of wrangling, Kraft Foods on Tuesday lifted its offer for
Cadbury to around 11.9 billion pounds ($19.5 billion) in a bid that
won approval from its British target and that will create the world's
biggest chocolate producer.
CADBURY-KRAFT: THE LEAST FRIENDLY 'FRIENDLY' DEAL
The Kraft Foods-Cadbury deal must be the least friendly "friendly"
deal in history.
SABMILLER SAYS QUARTERLY BEER VOLUMES FLAT
SABMiller reports flat quarterly lager volumes, as tentative signs of
recovery in Latin America and Asia are offset by declines from the
U.S., South Africa and Europe.
HARDWARE SALES LIKELY TO HIGHLIGHT IBM'S EARNINGS
International Business Machines Corp., is expected to issue on Jan. 19
a fourth-quarter report that will highlight signs of stabilization in
the U.S. and world economies as well as show improvement in the market
for high-end computer hardware, analysts say.
U.S. stocks edge upward in early trades Tuesday
U.S. stocks edge upward in early trades Tuesday
1/19/2010 9:38:19 AM EDT
Stocks open mixed as investors digest Citigroup's quarterly loss. Dow slides 9 points as Nasdaq edges higher.
Stocks open mixed as investors digest Citigroup's quarterly loss. Dow
slides 9 points as Nasdaq edges higher.
Monday, January 18, 2010
Miners, Richemont lead Europe stocks rise
MINERS, RICHEMONT LEAD EUROPE STOCKS RISE
Gains for commodity-sector firms and Richemont help European stocks
regain some ground lost last week.
EUROPEAN COMPANIES SEEN POSTING STELLAR EARNINGS
A stellar improvement in European corporate earnings for the fourth
quarter of 2009 looks in the cards, but, like last year's monster
gains for the broader market, that magnitude of improvement is
expected to be a fleeting affair.
JEWELRY SALES BRIGHTEN RICHEMONT CHRISTMAS PERIOD
Swiss luxury goods maker Compagnie Financiere Richemont on Monday
reports a 2% rise sales for the quarter that includes Christmas,
boosted by sales of jewelry and specialist watches.
U.K. HOUSE SELLERS BOOST ASKING PRICE 0.4% IN JAN.
British house sellers enter the new year in a confident mood, boosting
the average asking price by 0.4% in January and ending a two-month
slide.
BRITISH AIRWAYS CABIN CREW TO VOTE ON STRIKE
The union representing most of British Airways' cabin crew plans to
ballot their members in a week on a potential strike.
