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Date: Sat, 10 Nov 2007 06:55:04 -0600
Norman Mailer, one of the last surviving literary lions to roar out of
World War II, died Saturday morning. He was 84.
posted by John @ 11/10/2007 12:13:00 PM
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Friday, 11/9/2007
| Dow : 13042.74 down 223.55
| S & P : 1453.70 down 21.07
| NASDAQ: 2627.94 down 68.06
| Bond (10Y): 4.22%, 100.22
MARKETS:
Dow drops over 200 points
It's a week of big losses as Wachovia, Fannie Mae are the latest lenders
caught in the real estate mess. Nasdaq slides over 2.5 percent.
posted by John @ 11/09/2007 05:56:00 PM
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11:46 am ET Nov 9, 2007
DJIA
13,108
-157.79
S&P
1,459
-15.37
NASDAQ
2,641
-54.01
10Yr
4.22%
-0.050
U.S. stocks fall for fourth day this week as tech shares slide
NEW YORK
U.S. stocks fell sharply Friday, declining for the fourth day this week
as Wachovia Corp. stirred more subprime concerns by hiking its loan loss
estimates and Qualcomm Inc. hit tech stocks with a disappointing
forecast.
Tech Stocks: Tech stocks see another sell-off
SAN FRANCISCO
It was another bad morning for technology stocks Friday as the Nasdaq
Composite Index dropped 2% in early trading.
Qualcomm shares slide after disappointing forecast
NEW YORK
Qualcomm Inc. saw earnings surge 84% for the September quarter thanks to
strong demand for the company's chipsets that power wireless phones, as
well as a one-time tax benefit.
Wachovia sees $1.1 billion drop in value of asset-backed debt
BOSTON
Wachovia Corp. on Friday became the latest banking giant to warn that it
sees bigger losses as a result of the continued deterioration in the
mortgage market.
Former Citigroup CEO Prince to get $29.5 million plus bonus
BOSTON
Former Citigroup chief executive Chuck Prince will receive stock
options, grants and other benefits worth an estimated $29.5 million when
he retires, according to a regulatory filing late Thursday.
posted by John @ 11/09/2007 12:54:00 PM
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Date: Fri, 9 Nov 2007 08:30:03 -0500
Pakistani police have put political opposition leader Benazir Bhutto
under house arrest and clashed with her supporters outside and in other
cities across Pakistan. Also, a bomb blast has killed at least four
people at a government minister's house.
posted by John @ 11/09/2007 08:57:00 AM
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Date: Fri, 9 Nov 2007 08:32:30 -0500
U.S. trade gap fell in September to lowest level in more than 2 years on
falling dollar, AP reports.
posted by John @ 11/09/2007 08:56:00 AM
0 comments
Date: Thu, 8 Nov 2007 20:47:15 -0800 (PST)
THE U.S. SENATE CONFIRMED MICHAEL MUKASEY AS ATTORNEY GENERAL IN A VOTE
OF 53-40
posted by John @ 11/09/2007 08:13:00 AM
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Thursday, 11/8/2007
| Dow : 13266.29 down 33.73
| S & P : 1474.77 down 0.85
| NASDAQ: 2696.00 down 52.76
| Bond (10Y): 4.28%, 99.72
MARKETS:
Tech leads stocks on wild ride
Dow index pares most of its losses in late rally, but worries about
tech-sector growth drives down Nasdaq nearly 2%.
posted by John @ 11/08/2007 06:09:00 PM
0 comments
4:04 pm ET Nov 8, 2007
DJIA
13,266
-33.73
S&P
1,474
-0.87
NASDAQ
2,696
-52.76
10Yr
4.27%
-0.061
posted by John @ 11/08/2007 05:16:00 PM
0 comments
11:46 am ET Nov 8, 2007
DJIA
13,252
-47.88
S&P
1,474
-1.53
NASDAQ
2,717
-31.17
10Yr
4.30%
-0.039
U.S. stocks drop on bleak Bernanke testimony
NEW YORK
U.S. stocks were mostly lower Thursday as Federal Reserve Chairman Ben
Bernanke painted a picture of an economy in a perilous position, fueling
more credit concerns as retailers, including blue chip Wal-Mart Inc.,
reported disappointing sales.
The Fed: Economy faces dual risks of downturn and inflation: Bernanke
WASHINGTON
The U.S. economy not only faces the risk of a sharp slowdown from the
housing market's contraction but also of an inflationary surge from
sharply higher crude-oil prices and the weaker dollar, Federal Reserve
Chairman Ben Bernanke said Thursday.
Retailers post disappointing October sales
NEW YORK
U.S. retailers reported disappointing sales for a second straight month
in October, hurt by unseasonably warm weather, record high oil prices,
and consumer worries about the housing and credit markets.
Rio Tinto rebuffs $110 bln approach from top miner BHP
LONDON
Rio Tinto rebuffed a $110 billion approach on Thursday from top global
miner BHP Billiton, spurning the initial overtures on a deal that would
be the second-largest takeover of a listed company in history.
Wal-Mart's October sales miss Street view
NEW YORK
Wal-Mart Stores Inc., the world's largest retailer, on Thursday posted a
slight increase in October sales at stores open at least a year, missing
Wall Street estimates, but said its inventory position was healthy going
into the holiday season.
posted by John @ 11/08/2007 03:03:00 PM
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Date: 8 Nov 2007 17:18:06 -0000
http://www.bloglines.com/blog/johnDispatch
or go to
see LINKS and click 'John's Journal'
posted by John @ 11/08/2007 12:23:00 PM
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Date: Thu, 8 Nov 2007 10:00:33 -0500
Bernanke tells Congress that Fed remains concerned about mortgages, oil
prices.
posted by John @ 11/08/2007 11:39:00 AM
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Date: Wed, 7 Nov 2007 07:02:31 -0500
General Motors loses $39 billion in quarter after tax-related charge;
operating results well below forecast.
posted by John @ 11/07/2007 07:12:00 PM
0 comments
Date: Wed, 7 Nov 2007 18:09:38 -0500
Morgan Stanley says it is taking a $3.7 billion writedown on the firm's
subprime mortgage exposure.
posted by John @ 11/07/2007 07:01:00 PM
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Wednesday, 11/7/2007
| Dow : 13300.02 down 360.92
| S & P : 1475.62 down 44.65
| NASDAQ: 2748.76 down 76.42
| Bond (10Y): 4.31%, 103.41
MARKETS:
Big selloff on Wall Street
Dow industrials finish 361 points lower on credit market fears, while
investors eye oil, earnings.
posted by John @ 11/07/2007 06:44:00 PM
0 comments
Date: 7 Nov 2007 17:44:29 -0000
posted by John @ 11/07/2007 12:55:00 PM
0 comments
11:46 am ET Nov 7, 2007
DJIA
13,518
-142.90
S&P
1,502
-18.20
NASDAQ
2,792
-32.32
10Yr
4.36%
+0.004
Wall Street falls sharply on dollar's drop
NEW YORK
Wall Street on Wednesday fell sharply, its path greased by the dollar's
fall to record lows, surging oil prices and General Motors Corp.'s
largest quarterly loss ever.
Metals Stocks: Gold surges 2% to new 28-year high on dollar fall
NEW YORK
Gold futures surged to their highest level since 1980 on Wednesday, as a
broad-based sell-off in the U.S. dollar boosted the metal's appeal as an
inflation hedge and a safe haven.
General Motors records $39 billion loss on tax charge
SAN FRANCISCO
General Motors Corp. on Wednesday said its third-quarter loss ballooned
to $39 billion on a massive accounting charge, with the news rattling
investors as an unwelcome stall along the automaker's road to recovery.
Currencies: Dollar at new lows with China official talking currency
shift
SAN FRANCISCO
The already stumbling U.S. dollar fell to new lows on Wednesday, after a
top Chinese official called for the country to shift more of its huge
foreign-exchange stockpiles out of the beleaguered greenback.
Economic Report: Productivity rises 4.9%, fastest pace in 4 years
WASHINGTON
The productivity of the U.S. nonfarm workplace jumped at an annual rate
of 4.9% in the third quarter, the fastest growth in four years, the
Labor Department reported Wednesday.
posted by John @ 11/07/2007 12:49:00 PM
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Breaking News
At least seven people have been killed and 10 injured in a shooting at a
school in Finland, hours after a video appeared on YouTube predicting a
massacre at the same school.
posted by John @ 11/07/2007 12:15:00 PM
0 comments
Breaking News
President Bush has accepted recommendations from an advisory panel and
announced steps to protect Americans from unsafe products from abroad
after a rash of recalls of dangerous toothpaste, dog food and toys.
posted by John @ 11/07/2007 10:16:00 AM
0 comments
Breaking News
Oil prices jumped above $98 a barrel today, a new record, amid
expectations of declining U.S. supplies. The falling dollar and OPEC's
apparent reluctance to pump more crude into the market also boosted
prices.
posted by John @ 11/07/2007 10:13:00 AM
0 comments
Tuesday, 11/6/2007
| Dow : 13660.94 up 117.54
| S & P : 1520.27 up 18.10
| NASDAQ: 2825.18 up 30.00
| Bond (10Y): 4.37%, 102.94
MARKETS:
Market bulls pull off a winner
Stocks surge in final hour of trading helped by energy sector strength,
as credit market fears subside.
posted by John @ 11/06/2007 09:23:00 PM
0 comments
Date: 6 Nov 2007 17:49:41 -0000
posted by John @ 11/06/2007 01:57:00 PM
0 comments
11:50 am ET Nov 6, 2007
DJIA
13,531
-11.54
S&P
1,502
+0.05
NASDAQ
2,785
-10.10
10Yr
4.32%
+0.006
Crude oil rallies to new record high of $97 a barrel
NEW YORK
Crude-oil futures joined a broad commodities rally and jumped nearly 3%
to a new all-time high Tuesday, boosted by expectations for a drop in
crude inventories and dollar weakness.
Market Snapshot: U.S. stocks shed gains; Nasdaq falters into negative
territory
NEW YORK
Wall Street on Tuesday failed to maintain an early bounce as investors
struggled to move their focus beyond the credit-related troubles that
have been dogging financial stocks.
Google's mobile-phone strategy keys on open standards
WASHINGTON
With its bid to bring open technology standards to the mobile phone
market, Google Inc. is leading a strategy that could make devices
cheaper and give consumers more control over their phones'
capabilities.
Alibaba.com shares nearly triple in Hong Kong debut
HONG KONG
Shares of Alibaba.com almost tripled in their Hong Kong debut on
Tuesday, marking a successful start for the world's largest initial
public offering by an e-commerce company since Google Inc.
Beazer suspends dividend, cuts jobs; no relief for Hovnanian
BOSTON
Beazer Homes USA Inc., the home builder that has been rocked an
investigation into its mortgage-origination business in addition to the
housing pullback, has suspended its quarterly dividend in an effort to
firm up its capital position.
posted by John @ 11/06/2007 12:37:00 PM
0 comments
Breaking News
A divided Senate Judiciary Committee has voted to send the nomination of
Michael Mukasey to the full Senate, despite criticism from some
Democrats over his position on waterboarding. He's expected to easily
win confirmation.
posted by John @ 11/06/2007 12:17:00 PM
0 comments
Date: Tue, 06 Nov 2007 09:46:27 -0600
WASHINGTON (AP - The Judiciary Committee voted to advance the nomination
of
Attorney General-designate Michael Mukasey to the Senate floor Tuesday,
virtually ensuring his confirmation before Thanksgiving.
posted by John @ 11/06/2007 11:26:00 AM
0 comments
Monday, 11/5/2007
| Dow : 13543.40 down 51.70
| S & P : 1502.17 down 7.48
| NASDAQ: 2795.18 down 15.20
| Bond (10Y): 4.34%, 103.22
MARKETS:
Stocks slide after Citi stokes fears
Worries about more bank writedowns weigh on sentiment; financials shares
lead declines.
posted by John @ 11/05/2007 05:40:00 PM
0 comments
4:03 pm ET Nov 5, 2007
DJIA
13,543
-51.70
S&P
1,502
-7.48
NASDAQ
2,795
-15.20
10Yr
4.32%
+0.027
Wall Street ends off lows in attempt to move past Citigroup
NEW YORK
Wall Street scaled back its losses Monday as investors looked beyond
Citigroup Inc.'s likely write off of $11 billion more in credit-related
losses to focus on stocks outside the embattled financial sector.
Sun Microsystems swings to profit as gross margins rise
SAN FRANCISCO
Sun Microsystems Inc. on Monday said it swung to a fiscal first-quarter
profit from a loss a year ago as sales showed a slight increase and
gross margins at the computer server and software maker continued to
rise.
Citigroup restates quarterly earnings down by 3 cents a share
NEW YORK
Shares of Citigroup Inc. fell again Monday, shedding nearly 5% after the
company ousted chairman and CEO Chuck Prince over the weekend, warned it
would take more than $8 billion in new mortgage debt-related write-downs
and said its third-quarter profit would be 3 cents lower than previously
stated.
Banks made it tougher for everyone to get loans, Fed says
WASHINGTON
Major banks made it much tougher for all types of customers to get loans
over the past three months, according to the Federal Reserve's quarterly
survey of bank lending officers.
Capitol Report: Adult use of children's health plan originally passed
Bush muster
WASHINGTON
In vetoing one children's health bill and threatening to veto a second,
President Bush has complained about adults receiving benefits under the
program for which Congress wants to more than double funding.
posted by John @ 11/05/2007 05:16:00 PM
0 comments
Breaking News
Post President Bush called on Pakistani President Pervez Musharraf to
hold elections and relinquish his army post "as soon as possible," as
the U.S. continued to voice its disappointment at Musharraf's decision
to impose a state of emergency.
posted by John @ 11/05/2007 04:53:00 PM
0 comments
11:51 am ET Nov 5, 2007
DJIA
13,560
-34.87
S&P
1,505
-3.67
NASDAQ
2,801
-8.99
10Yr
4.32%
+0.031
U.S. stocks slide as Citi-inspired credit jitters surface
NEW YORK
Wall Street stocks lost ground Monday after Citigroup Inc. amplified
worries about the extent of the credit crisis by saying it might have to
write off $11 billion more in losses.
The Fed: FOMC not bailing out Wall Street, Mishkin says
WASHINGTON
The Federal Reserve's two interest-rate cuts were designed to reduce
economic risk and not to lessen the risk that investors will lose money
from bad decisions they've made, Fed Gov. Frederic Mishkin said Monday.
Citi puts Rubin, Europe chief at the helm after CEO ousted
WASHINGTON
Citigroup Inc. said Sunday that Charles Prince had "elected to retire"
as chairman and chief executive, marking the second Wall Street
chieftain in less than week to surrender to the fallout from the
subprime-mortgage disaster.
BEA gives Icahn data in Oracle rebuff
WASHINGTON
BEA Systems Inc. said Monday it gave activist shareholder Carl Icahn
confidential information to show that Oracle Corp.'s now-expired buyout
offer of $17 a share "significantly undervalues the company."
PetroChina soars to $1 trillion market cap in debut
HONG KONG
PetroChina Co. shares more than doubled in their Shanghai debut Monday,
giving the oil giant a $1 trillion market capitalization and easily
surpassing Exxon Mobil as the world's largest company.
posted by John @ 11/05/2007 01:30:00 PM
0 comments
Date: Sun, 4 Nov 2007 19:05:33 -0500
Citigroup says Prince out as chairman, CEO; Robert Rubin is interim
chairman; further writedowns expected this quarter.
posted by John @ 11/04/2007 07:17:00 PM
0 comments
Date: Sun, 4 Nov 2007 18:33:31 -0500
CEO Prince reportedly resigns from Citigroup. Robert Rubin named
chairman; Sir Win Bischoff named interim CEO, the WSJ reports.
posted by John @ 11/04/2007 06:37:00 PM
0 comments
Breaking News
Since declaring a state of emergency, more than a thousand political
opponents of Pakistani President Musharraf has been arrested. Opposition
leader Benazir Bhutto predicted that the country could slip into civil
war "in a day or two."
posted by John @ 11/04/2007 04:53:00 PM
0 comments
Date: 4 Nov 2007 17:54:16 -0000
posted by John @ 11/04/2007 12:59:00 PM
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