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Bank curbs, political fallout slam Wall Street »
Bank curbs, political fallout slam Wall Street
NEW YORK (Reuters) – Stocks capped their worst three-day slide in 10 months on Friday on fears the White House’s plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc’s disappointing results.
Uncertainty about the Senate’s confirmation of Ben Bernanke for another term [...]
AMD revenue beats Street but shares slip »
SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc reported better-than-expected revenue on strong holiday spending but its shares slid more than 4 percent as investors cashed in recent gains.
Stellar earnings from bellwether Intel Corp last week reinforced expectations of a rebound in chip demand, which have propelled chipmakers’ stocks higher in past months.
Shares [...]
Hesitant Wall Street looks for more recovery evidence (AFP) »
, hesitant about the pace of recovery, gets a fresh batch of corporate earnings and economic data in the coming week that may help set the tone for a skittish market.
in the economic recovery and mixed signals from earnings and economic data, analysts said.
The market opens a holiday-shortened week Tuesday after the Martin [...]
Wall Street sell-off hits Asian shares (AFP) »
's worst performance so far in 2010 hit Asian stocks Monday amid fresh concerns over the pace of recovery, while Japan Airlines (JAL) sank to a new low ahead of its expected bankruptcy.
A dive in oil prices also hit sentiment, as crude tumbled after the
(IEA) last week predicted “sluggish” demand this year in [...]
Intel beats Street view, bodes well for tech rebound »
Intel beats Street view, bodes well for tech rebound
SAN FRANCISCO (Reuters) – Intel Corp’s fourth-quarter results roared past Wall Street forecasts and it gave a bullish margin outlook on higher prices and firm demand for server chips, reinforcing hopes for a strong recovery in technology.
Intel, whose stock extended gains after rising 2.5 percent [...]
Wall Street ticks higher, led by tech shares »
Wall Street ticks higher, led by tech shares
NEW YORK (Reuters) – Stocks traded slightly higher on Thursday, led by the technology sector after upbeat brokerage comments on Oracle Corp and ahead of an expected profit report from Intel Corp.
Shares of Oracle, the world’s No. 2 business software maker, gained 2.5 percent to $25.37, [...]
Obama proposes bank fee, slams Wall Street »
Obama proposes bank fee, slams Wall Street
WASHINGTON (Reuters) – President Barack Obama on Thursday proposed Wall Street banks pay up to $117 billion to reimburse taxpayers for the financial bailout, as he slammed bankers for their “massive profits and obscene bonuses.”
Striking a populist tone, Obama called for a fee on the biggest U.S. [...]
Alcoa misses Street estimate, shares fall »
Alcoa misses Street estimate, shares fall
NEW YORK (Reuters) – Alcoa Inc posted a narrower quarterly loss on Monday, but the results fell short of expectations and the aluminum producer’s stock fell more than 5 percent.
The company blamed higher power bills, a weak U.S. dollar and costs of temporarily shutting down its smelters in [...]
After positive start, Wall Street eyes retail data, earnings (AFP) »
opened 2010 riding momentum from last year's strong rally even as doubts emerge about the market in view of an uncertain pace of recovery from the brutal recession.
In the coming week, the focus turns to the health of the American consumer with data on retail sales for December, offering clues on spending which accounts [...]
Wall Street dips, but eyes best year since 2003 »
Wall Street dips, but eyes best year since 2003
NEW YORK (Reuters) – Stocks dipped on Thursday despite data showing that the number of people filing for jobless benefits fell to the lowest level in about 17 months, with indexes on track for the best yearly gains since 2003.
Initial jobless claims fell by 22,000 [...]