Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
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 [...]
Big bank shares hammered after Obama proposal (AP) »
plummeting Thursday.
, Obama vowed to fight big banks with tougher regulations that he believes would head off the cascading failures that required billions in bailout funds for
.
He wants new rules that would restrict banks in the use of depositor money and also limit how big financial institutions can become.
“The market certainly [...]
Asian stocks lower after China’s economy surges (AP) »
dropped Thursday after China’s economy surged last quarter, adding to worries about Beijing’s ability to prevent overheating without derailing the recovery.
Major markets were down by less than 1 percent, following sharp losses on
.
rose while the dollar gained against the yen and euro.
, declaring itself the first country to recover from the [...]
IBM raises outlook but investors wary after rally »
NEW YORK (Reuters) – IBM raised its 2010 profit target and reported a stronger-than-expected, 9 percent increase in fourth-quarter earnings, as cost cuts and a shift to more profitable contracts helped it weather a slump in corporate spending.
IBM’s share price fell 2 percent after the results, however, as the results failed to encourage more [...]
Techs lead Wall St higher; Intel up after results (Reuters) »
's quarterly results that business spending will bolster profits in the sector.
.O), a Dow component and the world's largest chipmaker, after the bell reported a quarterly profit that beat expectations. Its shares had risen 2.5 percent ahead of the results.
Intel results “tell you a lot about what companies are capable of doing post-recession,” [...]