Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
How the major stock indexes fared on Friday (AP) »
Stocks halted their steady climb Friday after renewed concerns about Greece’s ability to pay its debts left investors questioning a global economic recovery. The
fell 37 points after advancing for eight straight days. Broader indexes also fell. Major indexes posted gains for the week.
The Dow fell 37.19, or 0.3 percent, to 10,741.98.
& Poor’s [...]
$4 billion yanked from stock funds in February (Reuters) »
BOSTON (Reuters) –
Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on
, according to a report from Morningstar.
U.S. stock funds
last year, analysts thought the trend might have turned around in January, when investors added a [...]
Stronger manufacturing report lifts stock market (AP) »
.
rose 84 points, bringing its gains for the week to nearly 300 points. It’s the best streak for the Dow since November.
announced it was hiking the interest rate that it charges banks for emergency loans. The move doesn’t change consumer borrowing rates, but the notion that policymakers would start to reel in some [...]
How the major stock indexes fared on Tuesday (AP) »
Signs that the economy is indeed strengthening gave investors a surge of optimism Tuesday and sent stocks sharply higher. The
soared almost 170 points on upbeat earnings reports and corporate deals. Investors who have been anxious in recent weeks about
overseas were able to put aside their concerns for the time being. They focused instead [...]
Kraft says will delist Cadbury from London stock market (AFP) »
next month after winning control of more than 75 percent of the group's shares.
Kraft announced in a statement that it has received acceptances from shareholders representing 75.41 percent of stock, allowing it to give notice to delist Cadbury from the
.
The move will end Cadbury's 186-year history as an independent British company, whose [...]
How the major stock indexes fared on Wednesday (AP) »
. The
fell 26 points Wednesday after jumping a total of 230 points in the first two days of the week. The report on services businesses, which make up the biggest slice of the U.S. economy, reminded investors that a recovery will be slow.
The Dow fell 26.30, or 0.3 percent, to 10,270.55.
The Standard [...]
Exxon quarterly profit tops Street, stock up 3 percent »
Exxon quarterly profit tops Street, stock up 3 percent
HOUSTON (Reuters) – Exxon Mobil Corp reported a fourth-quarter profit on Monday that topped Wall Street expectations as natural gas projects boosted results at the largest U.S. oil company’s exploration arm.
Still, Exxon’s net income fell 23 percent as weak demand for fuel in the global [...]
Volatile stock market weighing on IPOs (AP) »
had a hard time finding willing buyers in January — a trend that will likely continue until the stock market stabilizes.
Of the 10 IPOs scheduled for January, only seven made it to market as investors fretted over the Obama administration’s plan to increase regulations on financial companies, growing
across the world, the Chinese government’s [...]
NYSE says stock quotes delay issue resolved (Reuters) »
.N), which runs the
, said on Thursday it had resolved
and the NYSE Amex cash markets earlier in the session.
“That issue has been resolved. The initial problem was sending out quotes that were stale,” said Ray Pellecchia, NYSE Euronext spokesman.
He added that trading had been unaffected and the cause of delays were [...]
Global stock markets stage rally (AFP) »
would remain near zero for some time, analysts said.
after the US central bank said it expected to hold “exceptionally low” rates “for an extended period” in order to nurse a still-fragile recovery.
Investor sentiment was also lifted after the Fed gave a rosier economic outlook and kept its key rate unchanged in a range [...]