Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Wall Street hits fresh 17-month high after Fed »
(Reuters) – Stocks rose to a fresh 17-month high on Tuesday after the Federal Reserve held benchmark rates near zero and maintained its pledge to keep them low for an extended period.
The central bank also pointed to increased momentum in the economy’s recovery, and that, coupled with strength in Intel, helped the S&P 500 [...]
Markets little changed after recent rally »
(Reuters) – Stocks were flat in early trading on Monday after a rally last week that saw the Nasdaq close at an 18-month high after encouraging jobs data.
AIG.N
) rose 6.6 percent to $29.95 after it agreed to sell its Alico foreign life insurance unit to MetLife Inc (
MET.N
) for about $15.5 [...]
Stocks edge higher after mixed economic news (AP) »
NEW YORK – The stock market eked out a gain Friday as investors took downbeat economic news in stride.
and the Standard & Poor’s 500 index logged their best month since November.
The latest bad news came from several corners including the financial industry.
. reported a larger than expected fourth-quarter loss. The company said [...]
Nestle sees higher growth 2010 after FY beats poll »
VEVEY, Switzerland (Reuters) -
NESN.VX
), the world’s biggest food group, is aiming for higher underlying sales growth in 2010 after a robust performance in Asia and the Americas helped it beat forecasts for 2009.
The group behind Nescafe instant coffee, Maggi soup, Gerber baby food and Perrier water beat estimates with 4.1 percent growth [...]
Borders shares soar 38 percent after Ackman comments »
NEW YORK (Reuters) – Borders Group Inc shares spiked nearly 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and it could even be part of an industry consolidation.
Borders shares rose 36 cents to $1.30 in trading on the New York [...]
The Canadian dollar trimmed gains after stocks and crude oil prices fell »
Daily U.S. Forex Summary
Thu, Feb 4 2010, 06:31 GMT
strengthened against a batch of major currencies today, boosted by an increase in US ISM Non Manufacturing data, positive ADP Employment figures, and an increase in MBA Mortgage Applications. The upside news pushed the US dollar to significant gains against [...]
Asia markets jump after US gains on housing report (AP) »
jumped Wednesday, following
higher after encouraging reports about the beleaguered U.S. housing sector helped restore confidence in an economic recovery.
Several bourses shot up more than 2 percent after the U.S. market, reversing last month’s slide, posted its biggest back-to-back gains in almost three months.
gained modestly after surging the day before, while the dollar [...]
Commodities Stabilize after Correction »
Mon, Jan 25 2010, 04:40 GMT
Gold price rebounds after falling to as low as 1081.9 Friday (slightly above2.5-month low at 1075.2) as the dollar is expected to weaken ahead of a busy week in the US. Currently trading at 1110, the yellow metal had experienced steep correction over the past 2 [...]
Asia stocks extend losses after Wall Street tumble (AP) »
.
dropped less than 1 percent as the region posted its fourth day of losses, while European shares fell about 1 percent in early trade.
fell near $74 a barrel and the dollar was mixed against the yen and euro.
Investors continued to cut back their bets on stocks after U.S. markets tumbled Friday to [...]
Saudi Zain in credit talks after missing commitments »
RIYADH (Reuters) – Zain Saudi Arabia 7030.SE, the kingdom’s newest mobile phone operator, said on Saturday it is in talks with lenders after missing some commitments last year on a two-year $2.5-billion Islamic loan.
Saad al-Barrak, Zain’s chief executive, told Al Arabiya television later that the unmet commitment was related to performance ratios the company [...]