Market News
Posted by Admin on Feb 18th, 2007
2007
Feb 18
Syndicated from http://finance.yahoo.com/rss/mostpopular
- Most Popular Market Stories.
Most Popular Market Stories
- Financial crisis panel tells NV leaders to be bold - [AP] - From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.
- Goldman seen paying $30 million British fine - [AP] - Goldman Sachs & Co. is expected to be fined around $30 million by British authorities following an investigation of the big Wall Street bank's activities in London, according to news reports Wednesday.
- Fed survey sees slower growth in East and Midwest - [AP] - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest. A survey the Federal Reserve released Wednesday found the slower growth spreading to more regions of the country.
- Stocks resume rally as European debt worries ease - [AP] - Stocks resumed their rally Wednesday after a successful auction of Portuguese government debt eased worries about Europe's financial system.
- Consumers cut back on credit card use once again - [AP] - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
- Job openings rise for first time since April - [AP] - Job openings are rising modestly, a sign that employers may step up hiring soon. But rising openings in the past year haven't reduced unemployment, heightening concerns that the unemployed might lack the skills to fill the jobs that are coming available.
- Report: 7-Eleven bids $2B for Casey's General - [AP] - Convenience store operator 7-Eleven Inc. is the mystery bidder for Casey's General Stores Inc. that is trying to top a Canadian rival, according to a published report.
- Oracle plans to give Hurd $950,000 annual salary - [AP] - Oracle Corp. plans to pay newly appointed co-President Mark Hurd a base salary of $950,000 annually and said the ousted Hewlett-Packard Co. CEO is eligible for a target bonus of $5 million in the current fiscal year.
- Obama firm: Don't extend tax breaks for wealthiest - [AP] - President Barack Obama strongly defended his opposition to extending Bush-era tax breaks for the wealthiest Americans on Wednesday and delivered a searing attack on Republicans and their House leader for advocating "the same philosophy that led to this mess in the first place."
- BP report blames itself, others for oil spill - [AP] - In an internal report released Wednesday, BP blames itself, other companies' workers and a complex series of failures for the massive Gulf of Mexico oil spill and the drilling rig explosion that preceded it.
Syndicated from http://finance.yahoo.com/rss/usmarkets
- US Market News.
US Market News
- [$$] Boeing Climbs 1.7%; Navistar Gives Up 7% - [at The Wall Street Journal] - Large Stock Focus Boeing Climbs 1.7%; Navistar Gives Up 7% Stocks rose, with J.P. Morgan Chase, Alcoa and Boeing among the leaders as a report from the Federal Reserve suggested the economic expansion was continuing.
- Pops & Drops: Comtech, Navistar... - [at CNBC] - Herein are Wednesday s biggest winners and losers. Find out why shares of Comtech popped while Navistar dropped.
- Wall Street climbs in low-volume session - [Reuters] - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.
- RPT-US STOCKS-Wall Street climbs in low-volume session - [at Reuters] - * Shares bounce back from Tuesday lows * Staples, Costco rise after Goldman upgrades
- US STOCKS-Wall St climbs in low-volume session - [at Reuters] - * Shares bounce back from Tuesday lows * Staples, Costco rise after Goldman upgrades * Indexes up: Dow 0.5 pct; S&P 0.6 pct; Nasdaq 0.9 pct
- US equities edge up as Europe fears recede - [at Financial Times] - US stocks rose on Wednesday as concerns about Europe s debt problems eased and investors shrugged off the Fed s Beige Book, which reported a slowdown in the US economic recovery.
- Dow Finishes Up Despite Slowdown Signs - [at TheStreet.com] - Stocks held gains as eurozone debt fears abated, even after the Fed s beige book noted decelerating growth in many regions. Deb Borchardt tells The Real Story.
- U.S. stocks recover much of prior day s drop - [MarketWatch] - U.S. stocks recoup the bulk of the prior day s slide after the Federal Reserve reports continued but decelerated economic growth across the country and President Barack Obama rules out extending Bush-era tax cuts for the wealthiest Americans.
- Movers roundup: Skilled Healthcare, MGM - [AP] - Among the stock activity stories for Wednesday, Sept. 8, from the AP Financial Desk: Top stories: Shares of Skilled Healthcare Group Inc. surged Wednesday after the nursing home operator said it negotiated a $50-million settlement for a lawsuit over too-lean staffing levels -- well below the $677 million verdict a California jury had handed down in July.
- Wall Street Holds Gain After Beige Book - [at Forbes] - The Fed s anecdotal glance at the economy shows tepid recovery, but stocks remain in positive territory.

