Stocks tumble at the open - Dow plunges 100 points - after government
announces bigger stake in Citi, whose stock falls 32%.
Friday, February 27, 2009
Stocks tumble at the open - Dow plunges 100 points - after ...
Thursday, February 26, 2009
Energy: Stocks in focus on Friday
Among the companies whose shares are expected to see active trade in
Friday's session are Progressive Corp., Blackstone Group LP, and
Calpine Corp.
Energy: Higher crude prices, broad market power energy stocks
Energy Stocks - Higher crude prices, broad market power energy stocks
Energy stocks rise with the broad market as investors sifted through
financial updates from Rowan Cos., Repsol, El Paso and others while
oil prices broke through the $43 level for the first time in a month.
Wednesday, February 25, 2009
Energy: Obama to unveil wide-ranging 2010 budget
President Barack Obama will unveil his first budget on Thursday
morning, a huge document that will aim to pump money into energy,
education and health care even as it seeks to save cash by cutting
programs and halve the roughly $1 trillion deficit by the end of his
first term.
Monday, February 23, 2009
Breaking News: Dow drops to lowest level since '97
NEW YORK (AP) - The major stock market indexes have staggered to their
lowest levels since 1997, pulled down by investors' rapidly waning
confidence. The Dow Jones industrial average is down 250 at 7,114. The
Standard & Poor's 500 index is down 26 at 743, while the Nasdaq
composite index is down 53 at the 1,387.
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
Energy: Canadian stocks fall in tandem with U.S. markets as fear returns
Equities in Canada decline, following global equity markets lower as
fear about continued troubles in the financial system overtake
investors.
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.
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.
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.
Tuesday, February 17, 2009
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.
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.
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.
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.
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.
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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.
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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.
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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.
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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.
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.
Thursday, February 12, 2009
Tech: Late rally pushes Nasdaq into the black; Palm, Apple advance
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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.
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.
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.
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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.
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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.
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.
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
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.
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.
Monday, February 9, 2009
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.
Energy: Stocks in Canada rise, led by miners, energy shares
Stocks in Canada rise early Monday, with mining and energy shares
leading the gains, as investors shrugged off data showing a plunge in
January housing starts.
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.
Saturday, February 7, 2009
Energy: Iraq oil minister predicts OPEC output cuts
The Organization of Petroleum Exporting Countries, in an effort to
prop up flagging oil prices, is likely to agree to further production
cuts when its members gather next month, Iraq's oil minister says.
Friday, February 6, 2009
Oil ends down 2.4%, at $40.17 a barrel, on investors' continuing concerns about a drop in demand.
Oil ends down 2.4%, at $40.17 a barrel, on investors' continuing
concerns about a drop in demand.
Energy: Oil futures fall more than 3% after grim jobs data
Oil futures posted steep losses after the government reported that
nonfarm payrolls plunged in January by the largest amount in 34 years,
rekindling concerns about the severity of the U.S. recession.
Breaking News
U.S. unemployment rose by 598,000 to 7.6 per cent in January, Labor
Dept. reports, the worst monthly job loss since 1974.
Energy: Forty dollars may be bottom for oil prices
Crude oil prices have consistently traded above $40 over the past two
weeks, fueling expectations that the beaten down commodity has finally
stabilized around that level.
Thursday, February 5, 2009
Treasury's Geithner to unveil 'comprehensive' bank-rescue plan Monday
Treasury's Geithner to unveil 'comprehensive' bank-rescue plan Monday
2/5/2009 4:00:43 PM EDT
Markets Thursday, 02/5/2009
| Dow : 8063.07 up 106.41 | S & P : 845.85 up 13.62
|
| NASDAQ: 1546.24 up 31.19 | Bond (10Y): 2.91%, 107.00
MARKETS:
Stocks stage a rally
Wall Street climbs as hopes for government bailout plan lift
financials. Wal-Mart's January sales results help, too
Energy: Oil and gas companies slide lower with broad market
Bearish economic indicators weigh on energy stocks, as gains in the
previous session give way to selling on grim employment data.
Wednesday, February 4, 2009
Energy: Refiner Sunoco swings to profit on surging fuel margins
Subject: Energy: Refiner Sunoco swings to profit on surging fuel margins
Independent oil refiner Sunoco Inc. said late Wednesday that surging
profits from its retail fuel sales, lower crude-oil prices and
improved refining margins drove its fourth-quarter earnings back into
the black.
Oil prices fall 46 cents to settle at day's low, $40.32 a barrel, on concerns about waning global energy demand.
Oil prices fall 46 cents to settle at day's low, $40.32 a barrel, on
concerns about waning global energy demand.
Oil prices edge off highs after government reports bigger-than-expected rise in crude inventories.
Oil prices edge off highs after government reports
bigger-than-expected rise in crude inventories.
Energy: Sector moves up with crude prices, ahead of weekly supply data
Energy stocks rose along with crude prices and ahead of key weekly
petroleum inventory data due later Wednesday.
Tuesday, February 3, 2009
Energy: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Visa, Time Warner, Kraft, Pepsi and Sara Lee.
Energy: Refinery workers settle contract dispute with oil majors
The United Steelworkers union says it reached a tentative agreement
with a unit of Royal Dutch Shell, a move that averts a possible strike
at facilities that handle the bulk of the U.S.'s crude oil refining
capacity.
General Motors vehicle sales in January tumble 49%.
General Motors vehicle sales in January tumble 49%.
Energy: Dow Chemical, Merck & Co. Citi, Motorola in the spotlight
U.S. stock market futures were broadly flat Tuesday as investors eyed
heavy losses from the likes of Dow Chemical, Motorola and BP.
Monday, February 2, 2009
Bill could collapse credit default swaps market, strategist says
Industry: Energy
Ahead of a two-day hearing on derivatives, a bond analyst is warning
that a proposed House bill to ban speculation in the once-obscure
securities would annihilate the $31 trillion credit-default swaps
market.
Energy: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in
Tuesday's session are Motorola, UPS, Yum Brands, Electronic Arts, and
Disney.
Oil settles down $1.60, at $40.08 per barrel, amid investor pessimism about energy demand.
Oil settles down $1.60, at $40.08 per barrel, amid investor pessimism
about energy demand.
Strike looms as refinery workers continue talks
Some 24,000 employees at Gulf of Mexico oil refineries work under a
contract extension Monday, as negotiations between the crude majors
and the United Steelworkers union continue in the face of a possible
strike.
U.S. real consumer spending drops sixth time in seven months
U.S. real consumer spending drops sixth time in seven months
As U.S. real consumer spending falls for the sixth time in seven
months, Americans' savings rate grows, December data compiled by the
Commerce Department show.
MATTEL TO SHRINK TOY LINES AFTER PROFIT FALLS 46%
Mattel's fourth-quarter profit falls 46%, as toy maker cites ongoing
economic slump. Shares tumble 15% in early trading.
ECONOMIC REPORT: ISM FACTORY INDEX BOUNCES OFF LOWS IN JAN.
The nation's manufacturing sector contracted again in January, but at
a less rapid pace than the prior two months, the Institute for Supply
Management reports.
GM SEEKS $7 BILLION IN TAX RELIEF FROM CONGRESS: REPORT
General Motors Corp. is struggling to avoid a $7 billion tax
associated with a U.S. Treasury Department plan to give much of the
troubled company's outstanding stock to debt holders, the United Auto
Workers union and the federal government, according to a published
report.
BRITISH SNOW STORM COULD BE TOUGH ON TEETERING FIRMS
London's transport system may not be the only victim of Britain's
biggest snow storm in 18 years, an economist said Monday.