Nov. 24 (Bloomberg) — Crude oil rose for a second day in New York on speculation further production cuts by the Organization of Petroleum Exporting Countries will prevent a glut in supplies.
Nov. 24 (Bloomberg) — Gold declined after touching a one- month high on speculation last week’s gain will spur investors to sell the metal to raise funds and cover losses in other markets, including equities.
Citigroup Inc. and the U.S. government reached an agreement Sunday night to rescue the beleaguered financial giant with a plan that could lead to government guarantees of as much as $300 billion of Citi’s troubled assets, according to a media report.
(Recasts with weekend developments, new comments, byline)
(Repeating item that initially moved on Friday)
Joe Epstein/The Star-LedgerLarz Fernandez, left, shares a laugh with Alysia Watlkins as they ride the bus after school. It was one of the coldest days of the year as 28 Central High students climbed onto a yellow school bus for…
NEW YORK (Reuters) - Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday’s big rally and preventing November from winding up as one of the worst months for stocks on record.
Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building big rally.
Target Corp. on Friday rejected an activist investor’s plan for the company to spin off the land it owns underneath its stores and distribution centers into a real estate investment trust, then lease it back with the ultimate goal of boosting profits and shareholder returns.
Q: A current campaign encourages Californians to buy our state’s bonds. Do you think they are a good investment? — L.M., by e-mailA: Bonds issued by states, cities and special districts are called municipal bonds or munis.
Investment managers for Microsoft founder Bill Gates are showing continued interest in AutoNation even as Detroit’s Big Three battle for help from Congress. (AN)
Wall Street faces stiff headwinds in the week ahead, the fate of Citigroup largest among them, that stand in the way of building on Friday’s big rally and preventing November from winding up as one of the worst months for stocks on record.
Cooper Industries Ltd. on Friday lowered its fourth-quarter earnings outlook as business conditions worsened. The manufacturer of electrical equipment said it expects profit to fall below the previous forecast of 83 cents to 92 cents per share, before restructuring charges.
Citigroup Inc. shares rise, standing out among volume leaders whose shares drop sharply as investors book gains from the dayside’s rally.
Dell?s third quarter results showed just how challenging a restructuring can be in the middle of a severe economic slowdown.
Dell Inc, the world’s No. 2 PC maker, posted a better-than-expected quarterly profit Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent.
SINGAPORE (Dow Jones)–Asian share markets recovered from early falls Friday despite a large slump on Wall Street; some bourses posted substantial gains even as trading volume stayed low and volatility high.
SINGAPORE (Dow Jones)–Asian share markets were recovering from early falls Friday despite a large slump on Wall Street, though caution remained before the weekend and trading volume was still on the low side, exacerbating intraday volatility.
Dell Inc, the world’s No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent.
Dell, the world’s No. 2 PC maker, posted a better-than-expected quarterly profit as cost cuts offset lower revenue, sending its shares up about 6 percent.
updated: At a time when companies are issuing warnings about missing earnings targets and scaling back expectations, enterprise cloud computing company salesforce.com seems to be bucking the trend. After the bell, Salesforce.com reported income of $10.1 million, or 8 cents per share, on revenue of $276.5 million for the third quarter, which ended on Oct. 31. (Statement) Analysts had been …
SAN FRANCISCO (Reuters) - Dell Inc, the world's No. 2 PC maker, posted a better-than expected quarterly profit on Thursday, crediting cost cuts and new products, sending its shares up 9 percent.
SAN FRANCISCO (Reuters) - Dell Inc, the world’s No. 2 PC maker, posted a better-than expected quarterly profit on Thursday, crediting cost cuts and new products, sending its shares up 9 percent.
Dell Inc. shares jumped nearly 6% Thursday evening following the technology bellwether’s report of higher-than-expected quarterly profit, while Autodesk Inc. moved lower after its results showed a higher profit but a shortfall in revenue expectations.
The weekly claims report came in at 542,000, the highest level in 16 years, which was way above the forecast of 503,000.
CAMARILLO, Calif. (AP) - Chip maker Semtech Corp. said Wednesday its third-quarter profit dropped 28 percent as sales notched 1 percent higher, but shares fell on weaker guidance.
Nov. 20 (Bloomberg) — Hong Kong’s benchmark stock index fell to the lowest close in almost four weeks as U.S. consumer prices slumped by a record, heightening concerns that a recession in the world’s largest economy is deepening.
Nov. 20 (Bloomberg) — Russia’s Micex Index declined to near the lowest in four years as equities worldwide tumbled and crude oil dropped for a fifth day.
Chip maker Semtech Corp. said Wednesday its third-quarter profit dropped 28 percent as sales notched 1 percent higher, but shares fell on weaker guidance.
Nov. 20 (Bloomberg) — The following companies may have unusual price changes in Hong Kong trading. Stock symbols are in parentheses, and share prices are as of the last close.
PetSmart Net Rises as Spending on Pets Stays High
Intuit Inc. edged higher late Wednesday even though the tax-preparation software maker posted a wider net loss and cut its financial outlook for 2009, while Ambac Financial Group Inc. shares surged after the bond insurer reached a deal that will end its exposure to $3.5 billion in shaky mortgage-backed debt.
NEW YORK (Reuters) - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential. [More]
Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his Web site that he had not agreed to keep information about a proposed stock sale confidential.
Among the companies whose shares are expected to see active trading in Wednesday’s session are Best Buy Co. (BBY), MGM Mirage (MGM) and Pacific Sunwear of California Inc. (PSUN).
Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.
General Motors Corp. and Ford Motors Inc. shares stumble in late trading as auto industry executives testify before Congress.
The California-based company said Jerry Yang, the chief executive, would return to his former role of as Chief Yahoo, focusing on strategy and technology.
WASHINGTON/NEW YORK - Mark Cuban, owner of the Dallas Mavericks basketball team, was charged with insider trading in the shares of search engine company Mamma.com, the Securities and Exchange Commission said Monday.
He’s accused of engaging in insider trading involving shares of a Canadian search engine.
Beleaguered search pioneer is looking for a CEO to replace Jerry Yang; Investors push shares more than 4 percent higher in after-hours trading as news trickles out.
The SEC filed civil insider trading charges against the Mavericks owner, alleging he dumped shares in Mamma.com in 2004 after learning the company was raising money in a private offering.
Mark Cuban, owner of the Dallas Mavericks basketball team, was charged with insider trading in the shares of search engine company Mamma.com, the Securities and Exchange Commission said Monday.
WASHINGTON/NEW YORK (Reuters) - Mark Cuban, owner of the Dallas Mavericks basketball team, was charged with insider trading in the shares of search engine company Mamma.com, the Securities and Exchange Commission said Monday.
Stock in U.S. automakers rose Monday evening as a plan for financial aid to the industry reportedly moved forward, while stock in digital media company DivX Inc. dropped after the company cut its yearly forecast and said it has filed a lawsuit against Yahoo Inc.
Mark Cuban, owner of the Dallas Mavericks professional basketball team, was charged with insider trading in shares of Mamma.com Inc, an Internet search engine firm, the Securities and Exchange Commission said on Monday.
The commission charges defendant Mark Cuban with committing securities fraud by engaging in illegal insider trading.
Mark Cuban, owner of the Dallas Mavericks NBA basketball team, has been charged with securities fraud by engaging in illegal insider trading, according to a complaint filed by the Securities and Exchange Commission today in federal court in Dallas.
Nov. 17 (Bloomberg) — Most European stocks rose as analysts recommended shares of Nokia Oyj and lower oil lifted automakers and airlines. U.S. index futures advanced, while Asian shares fell.
Nov. 17 (Bloomberg) — European stocks pared earlier declines after Merrill Lynch & Co. recommended shares of Nokia Oyj and lower oil lifted automakers and airlines. U.S. index futures advanced, while Asian shares fell.