U.S. President Barack Obama declares the U.S. combat mission in Iraq
over, pledging continued commitment to Iraq.
Tuesday, August 31, 2010
Breaking News
Markets, Tuesday, 08/31/2010
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| Dow : 10,014.72 up 4.99. | S & P : 1,049.33 up 0.41
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|NASDAQ: 2,114.03 down 5.94 | Bond (10Y): 2.48% down 0.068
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MARKETS:
Stocks end August with a whimper
All three major gauges end the month with losses. Investors mull Fed
meeting minutes and relatively upbeat economic news.
Stocks fall, giving up early gains, after Fed minutes show conflict over economic policy. Dow, S&P and Nasdaq end the month lower.
Stocks fall, giving up early gains, after Fed minutes show conflict
over economic policy. Dow, S&P and Nasdaq end the month lower.
SAKS MAY GET A $1.7 BILLION BID: REPORT
SAKS MAY GET A $1.7 BILLION BID: REPORT
The luxury retailer Saks could soon be on the receiving end of a $1.7
billion cash bid from a group of U.S. and U.K. private-equity firms,
according to a media report.
HERMES INTERNATIONAL'S FIRST-HALF PROFIT RISES 55%
Hermes International SCA, the Paris luxury-goods producer, reported
Tuesday a 55% surge in first-half net profit, buoyed by strong sales
in Asia.
RETAIL GIANT CARREFOUR SWINGS TO PROFIT
Carrefour, the world's second-largest retailer, posts a first-half net
profit and expresses confidence in meeting financial goals for the
year as its unveils changes in its hypermarket format.
FDIC says number of troubled banks in second quarter rises to 829 – highest since 1992.
FDIC says number of troubled banks in second quarter rises to 829 –
highest since 1992.
Consumer confidence improved in August, beating economist forecasts. Index stands at 53.5, up from 51 in July.
Consumer confidence improved in August, beating economist forecasts.
Index stands at 53.5, up from 51 in July.
Stocks open lower as investors remain jittery about the recovery. Dow drops 30 points. Nasdaq slides 0.4%. S&P 500 falls 0.3%.
Stocks open lower as investors remain jittery about the recovery. Dow
drops 30 points. Nasdaq slides 0.4%. S&P 500 falls 0.3%.