Breaking News
Date: Sat, 08 Nov 2008 18:26:27 -0800 (PST)
An accident aboard a nuclear-powered submarine has killed more than 20
people, according to Russian news agencies.
BFSA - Blog for Sino-American 中 美 网 >> http://sinoam.blogspot.com
Date: Sat, 08 Nov 2008 18:26:27 -0800 (PST)
An accident aboard a nuclear-powered submarine has killed more than 20
people, according to Russian news agencies.
Date: Fri, 07 Nov 2008 18:00:10 -0500
Technology stocks finish higher, with Qualcomm Inc. and Nvidia Corp.
leading aslate of advancers and pushing the sector to close out the
week on an upbeat note.
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AT&T to buy Centennial for $944 million
AT&T Inc. says it plans to buy regional wireless provider Centennial
Communications Corp. for $944 million in cash, in a bid to expand its coverage.
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Nvidia shares leap on sales outlook
Shares of Nvidia Corp. jump after the chip maker posts a huge drop in
profit, but issues a sales outlook that is not as bad as analysts
feared.
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Yahoo shares fall after Ballmer says no new Microsoft bid
Shares of Yahoo Inc. plunged Friday morning after a Microsoft Corp.
CEO Steve Ballmer was quoted in a media report saying the tech giant
was not interested in "revisiting a possible acquisition" of the
beleaguered Internet portal.
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John Dvorak's Second Opinion: Once-pioneering Motorola is a shadow of
its former self
Motorola is a shadow of itself; its last success, the Razr, might indeed be its
last anything, according to John Dvorak.
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Yahoo plays catch-up with offshore tax move
Yahoo is in the midst of implementing a tax structure that shifts
assets to overseas subsidiaries in order to enjoy the generally lower
tax rates there, according to Wall Street analysts briefed by the
company.
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Telecom Stocks: Most telecoms stocks gain; not Sprin
Sprint Nextel Corp. fell more than 12% after weak
quarterly results, but most telecommunications stocks moved higher in
Friday action, led by Qualcomm Inc. and Windstream Corp.
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Sprint posts loss as 1.3 million customers leave
Sprint Nextel swings to a loss in its third quarter after 1.3 million
wireless customers cancel service or switch to rival carriers.
Date: Fri, 7 Nov 2008 17:31:05 -0500
|---------------------------------------------------------------------------|
| Dow : 8943.81 up 248.02 | S & P : 930.99 up 26.11 |
| NASDAQ: 1647.40 up 38.70 | Bond (10Y): 3.78%, 101.75
MARKETS:
Stocks rally despite bad news
Wall Street manages gains after two-session retreat despite GM and
Ford losses and a brutal labor market report.
Date: Fri, 07 Nov 2008 17:01:29 -0500
President-elect Barack Obama hasn't picked a Treasury secretary,
endorsed or panned the efforts of the current administration, or
spelled out what he would do differently.
REALTORS LOBBY FOR HOUSING STIMULUS, CLAIM NO TIME TO WASTE
The projected 9.3% national decline in home prices this year would be
the sharpest drop since the National Association of Realtors started
keeping records in 1968, the group's chief economist said Friday.
MARKET SNAPSHOT: U.S. STOCKS END SHARPLY HIGHER TO PARE WEEKLY DECLINE
U.S. stocks climb as bargain hunters step in after two days of losses,
helping foster hope that global intervention will help an economy that
shed nearly a quarter million jobs in October.
GM SHARES HIT HARD AS DWINDLING CASH SPOOKS INVESTORS
General Motors Corp. shares drop 12% after the Detroit giant reports a
third-quarter loss of $2.5 billion and warns its assembly lines could grind to
a halt next year barring strong improvements in the company's cash pile.
ECONOMIC REPORT: UNEMPLOYMENT RATE LEAPS TO 14-YEAR HIGH OF 6.5%
The U.S. unemployment rate jumped to a 14-year high of 6.5% in October as
nearly a quarter million jobs were lost, the Labor Department reports.
Date: Fri, 07 Nov 2008 12:20:21 -0800 (PST)
Obama Holds First News Conference as President-Elect; Says He Will
Take Financial Crisis 'Head On,' Act Swiftly After Taking Office [2:59
p.m. ET]
Date: Fri, 7 Nov 2008 16:02:08 -0500
The Dow jumps 258 points despite a devastating jobs report and news
that GM is running out of cash.
Date: Fri, 7 Nov 2008 14:57:03 -0500
President-elect Obama says U.S. is 'facing the greatest economic
challenge of our lifetimes' – will confront crisis 'head on.'
Date: 7 NOV 2008 15:53:38 GMT
Oil and gas stocks, pounded in the previous session, caught a big lift
Friday from bargain hunters swooping back into the sector and a modest
uptick in oil prices.
Date: Fri, 07 Nov 2008 12:01:13 -0500
ECONOMIC REPORT: UNEMPLOYMENT RATE LEAPS TO 14-YEAR HIGH OF 6.5%
The U.S. unemployment rate jumped to a 14-year high of 6.5% in October
as nearly a quarter million jobs were lost, the Labor Department
reports.
FORD SETS MORE COST CUTS AS IT NARROWS THIRD-QUARTER LOSS
Ford Motor Co. on Friday said it narrowed its third-quarter loss,
boosted by a one-time gain of more than $2 billion, but announced more
wrenching cost and job cuts in the face of plunging sales.
OBAMA WILL MAKE ECONOMIC MARK BEFORE INAUGURATION
Democratic lawmakers called Thursday for a new stimulus package worth
up to $100 billion while President-elect Barack Obama scheduled a
meeting with his new economic transition team to begin addressing the
nation's economic troubles well before his Jan. 20 inauguration.
DISNEY PROFIT DECLINES 13%
Walt Disney Co. says its quarterly profit fell 13% due to a $91 million
bad-debt charge on a payment it was due from Lehman Brothers and the
combination of higher expenses and less successful films at its studio
entertainment division.
Date: Fri, 7 Nov 2008 11:31:03 -0500
GM says it has plans to cut more jobs and slash costs. Seeks to boost
capital by $5 billion by the end of 2009.
Date: Fri, 07 Nov 2008 08:40:39 -0800 (PST)
GM Reports $2.5B Loss in 3rd Quarter, Burns Through $6.9B Cash
Reserves to Stay Afloat [11:28 a.m. ET]
Date: Fri, 7 Nov 2008 08:38:03 -0500
October's mounting job losses bring year-to-date total to 1.2 million
- most since 2001. 6.5% unemployment rate worst since 1994.
Date: Fri, 07 Nov 2008 09:33:59 -0500
BULLETIN: Nasdaq rallies more than 1% out of the box, following two
bruising days of losses
9:32:08 AM EDT
Date: Fri, 7 Nov 2008 09:32:08 -0500
Stocks jump at the open despite a grim jobs number and massive losses at Ford.
Date: Fri, 07 Nov 2008 05:49:00 -0800 (PST)
U.S. Companies Cut 240,000 Jobs in October; Unemployment Spikes to 6.5
Percent, Highest Since March 1994 [8:36 a.m.]
Tech - NOVEMBER 06, 2008
Tech Stocks: Sector sinks on Cisco's weaker-than-expected outlook
Technology stocks tumble as Cisco Systems' weaker-than-expected
outlook pointed to rough days ahead for the sector.
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Nvidia reports 74% drop in quarterly profit
Nvidia Corp. posts a 74% drop in third-quarter profit, though the chip
maker exceeds Wall Street's revenue expectations.
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Activision shares jump on strong results, outlook
Shares of Activision rise despite the overall market sell-off after
the video game publisher reports strong results for the third quarter
and maintains a largely in-line forecast for the holiday period.
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Qualcomm earnings beat targets; forecast weighed down by economy
Qualcomm Inc. posts better-than-expected earnings for the fourth
quarter thanks to a 43% jump in revenue, driven in part by a new
royalty agreement with Nokia.
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After Hours: Blockbuster, Nvidia higher; Qualcomm, Disney sink
Blockbuster Inc. and Nvidia rise in late trading while shares of
Qualcomm Inc. and Walt Disney Co. are lower after their earnings fall
short of analysts' expectations.
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THQ takes hit as analysts downgrade stock on latest results
THQ Inc. saw its market value slashed Thursday as the video game
publisher reported disappointing results for the second fiscal quarter
and announced plans to lay off 250 workers in an effort to turn its
operations around.
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Cablevision shares fall despite swing to profit
Cablevision shares slide after the company's earnings per share falls
short of most analysts' estimates.
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Telecom Stocks: Ericsson, Alcatel-Lucent plunge as telecoms retreat
Continuing a months-long pattern, telecommunications
stocks sharply declined in Thursday trades along with the broader U.S.
market. Ericsson and Alcatel-Lucent led the pullback with double-digit
losses in percentage terms.
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MarketWatch First Take: Glass half empty for Cablevision shareholders
Cablevision disappointed Wall Street on Thursday, and its shareholders are
paying the price.
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News Corp. shares slump on weaker outlook
News Corp. shares are down more than 16% as investors react to the
company's warning that operating income in fiscal 2009 will be far
below its previous expectations.
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The Ratings Game: Amazon downgraded on valuation despite recent sell-off
A small run-up on shares of Amazon.com since the online retailer
reported better-than-expected results last month was enough to spook
at least one analyst, who thinks the company still has a tough road
ahead in a slowing economy.
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Deutsche Telekom says profit rises, holds guidance
Deutsche Telecom AG, Europe's largest telecommunications company, on
Thursday posted an unexpected rise in third-quarter profit, helped by
lower write-downs and good cost control as it confirmed its earnings
outlook for the year.
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AT&T to buy Wi-Fi firm Wayport for $275 million
AT&T will acquire Wayport Inc. for $275 million in cash, sharply
expanding the number of Wi-Fi hotspots where the telecom carrier and
other customers can get Internet access.
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Israel Stocks: Market lower for second day; Teva and Makhteshim in focus
Israel stocks fell for a second day on Thursday, with
just three of the 25 blue chips above the flat line and with Teva
dropping after reporting third-quarter earnings.
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Indications: U.S. stock futures remain under water after jobs data
U.S. stock futures dropped Thursday, as the lowered sales outlook from
Cisco Systems and largely grim retail sales underlined the economic
pressures that
helped President-elect Barack Obama win the election.
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Before the Bell: Cisco Systems, Wal-Mart Stores, jobless claims in spotlight
U.S. stock futures pointed to an opening drop after Cisco Systems said
sales would fall in the current quarter and several retailers issued
tepid monthly sales reports.
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Vodafone to gain control of South Africa's Vodacom
Vodafone Group Plc, the world's largest mobile operator
by revenue, on Thursday looked set to take control of Vodacom Group
after buying a further 15% stake in South Africa's No.1 mobile
operator.
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Yahoo's Yang: 'Open minded' about Microsoft deal
Yahoo Inc. Chief Executive Jerry Yang said late Wednesday that he
remains "very open minded" about a full or partial merger with former
suitor Microsoft Corp.
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Therese Poletti's Tech Tales: Apple's spat with IBM may mean a move
into chip business
A brewing battle between Apple Inc. and its frenemy, IBM Corp., over
the role of an executive who at one time managed Big Blue's PowerPC
chip business may be an early sign that the Silicon Valley wunderkind
is considering designing some of its own semiconductors.
Date: Thu, 6 Nov 2008 17:31:04 -0500
| Dow : 8695.79 down 443.48 | S & P : 904.88 down 47.89 |
| NASDAQ: 1608.70 down 72.94 | Bond (10Y): 3.70%, 102.47
MARKETS:
Stocks suffer for 2nd day
Dow sheds 443 points, bringing its two-day decline to 929 points, as
recession fears accelerate.
Date: Thu, 06 Nov 2008 17:01:27 -0500
All but the most wildly optimistic believe the U.S. is in recession,
but it may take months before it's official as the nation's recession
watch-dog tries to figure out when it started.
SOURED CONSUMER CONFIDENCE HAUNTS RETAILERS
Record-low consumer confidence haunted retailers' sales in October, as
most turn in another ugly month, signaling a dreary outlook ahead for
the crucial holiday season.
DEMOCRATS STILL HAVE SHOT AT FILIBUSTER-PROOF SENATE
Thanks to a late Democratic victory in Oregon, the party still has a
shot at a filibuster-proof Senate but it may take several weeks to
sort out due to tight races in Alaska, Minnesota and Georgia.
Date: Thu, 06 Nov 2008 16:04:24 -0500
Dow slides more than 400 points; U.S. stock indexes finish down 4% to 5%.
11/6/2008 4:02:30 PM EDT
Date: 6 NOV 2008 18:26:04 GMT
The International Energy Agency says that import prices for crude oil
will likely average $100 a barrel in the period between 2008 and 2015,
and will rise to more than $120 in 2030.
Date: Thu, 06 Nov 2008 09:58:10 -0800 (PST)
Congressman Rahm Emanuel has agreed to be Barack Obama's White House
chief of staff, according to a Democratic aide.
Date: Thu, 6 Nov 2008 12:10:06 -0500
Wall Street extends its losses as the Dow falls more than 300 points at midday.
Date: 6 NOV 2008 15:39:50 GMT
Canadian stocks fall, dragged down by a lower energy sector, as
crude-oil prices drop. Canadian Natural Resources Ltd. move lower
after it reports higher costs in a major project.
Date: Thu, 06 Nov 2008 12:01:10 -0500
U.S. stocks fell for a second day, pushing the Dow Jones Industrial
Average under 9,000 for the first time in a week, as mostly bleak
retail sales and a lowered outlook from Cisco Systems Inc. underscored
the troubled economy.
ECONOMIC REPORT: CONTINUING JOBLESS CLAIMS HIT 25-YEAR HIGH
The number of U.S. residents collecting state unemployment benefits
reached the highest level in 25 years, rising by 122,000 to a
seasonally adjusted 3.84 million in the week ending Oct. 25, the Labor
Department reports.
SOURED CONSUMER CONFIDENCE HAUNTS RETAILERS
Record-low consumer confidence haunted retailers' sales in October, as
most turn in another ugly month, signaling a dreary outlook ahead for
the crucial holiday season.
CISCO SALES JUMP 8%, BUT PROFIT FLAT
Shares of Cisco fell in premarket trades Thursday, a day after the
company reported flat net income and warned of slowing sales.
BOE DELIVERS UNPRECEDENTED RATE CUT; ECB DISAPPOINTS
Europe's major central banks slashed key interest rates Thursday in
the face of a potentially deep and lengthy economic downturn, with the
Bank of England leading the charge by dropping its key rate to a level
unseen since the mid-1950s.
Date: Thu, 6 Nov 2008 09:33:03 -0500
Stocks fall at the open following more bad news on jobs, grim retail
sales and a sharp rate cut in Europe.
Date: 6 NOV 2008 13:54:49 GMT
Oil futures extended their decline Thursday, as concerns escalated
about the impact of a global economic recession on oil demand and as
stock markets worldwide posted steep losses.
Date: Thu, 6 Nov 2008 08:38:03 -0500
481,000 people applied for first-time unemployment benefits last week
- more than expected, the government said.
Date: Thu, 6 Nov 2008 07:50:21 -0500
European Central Bank cuts key lending rate half a percentage point to
3.25%, AP reports.
Date: Thu, 6 Nov 2008 07:21:04 -0500
Wal-Mart posts a 2.4% rise in October same-store sales, topping its
own forecast range.
Date: Thu, 6 Nov 2008 07:07:03 -0500
Bank of England cuts key lending rate by 1.5 percentage points to 3%,
AP reports.
Date: Wed, 05 Nov 2008 21:36:07 -0500
Shanghai stocks fall to lowest level since September 2006
Date: 5 NOV 2008 23:32:24 GMT
Sunoco Inc. reports a sharp improvement in third-quarter profit as
crude-oil prices, tumbling from record highs in early July, leave the
company with far stronger refining margins through the rest of the
summer.
Date: 5 NOV 2008 23:41:36 GMT
Among the companies whose shares are expected to see active trade in
Thursday's session are Walt Disney Co., Fluor Corp., and Nvidia Corp.
Date: Wed, 05 Nov 2008 18:00:09 -0500
Technology stocks tumble following the previous day's rally as
investors ponder the major economic challenges that President-elect
Barack Obama will face.
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AMD to cut 500 jobs
Advanced Micro Devices Inc. says it will cut 500 jobs as part of its
bid to reduce expenses.
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Cisco reports 8% jump in sales, flat quarterly profit
Cisco Systems Inc. reports an 8% jump in fiscal first-quarter sales,
but its net income is flat.
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Sun Micro hosts mild shareholders' meeting
Sun Microsystems Inc. holds its annual shareholders' meeting, and
company officials have little to say to their stock owners in the wake
of the computer server and software maker's recent disappointing
quarterly report.
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Google pulls out of search-advertising deal with Yahoo
Google pulls out of its proposed advertising partnership with Yahoo
under pressure from regulators and clients, leaving Yahoo's future in
question.
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Time Warner profit slips; full-year outlook cut
Time Warner Inc. reports that third-quarter profit slipped 1.7% on
flat revenue, and the New York media giant cut its estimate of
full-year earnings from continuing operations.
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Currency losses to dent SunPower's profit
SunPower Corp. on Wednesday warned that earnings growth in the fourth
quarter and 2009 will be hurt by currency problems, as the solar panel
operator struggles with a stronger dollar against the euro.
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Activision swings to a loss on merger charges as game sales jump
Activision Blizzard Inc. swung to a net loss for the third quarter
even though sales of its titles soared, due to large charges related
to its merger with Vivendi's video-game unit.
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XTO profit rises 26% on higher production
XTO Energy on Wednesday said third-quarter net income
rose by 26% thanks to higher production, revenue and cash flow at the
domestic natural gas giant, which said it expects to grow its 2009
cash flow by at least25%.
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Telecom Stocks: Sprint, Clearwire, telecoms tumble
Telecommunications stocks mostly decline as results of the U.S.
election sink in.
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Cisco expected to report 7% revenue rise
Cisco Systems Inc. is widely expected to survive the hardest blows in
the economic downturn, but analysts say the slump is still bound to
take its toll on the tech giant.
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MarketWatch First Take: Yahoo shareholders betting big on Microsoft's return
To the surprise of no one, the ad outsourcing deal between Google Inc.
and Yahoo Inc. is dead. Whether Yahoo can resurrect a deal with
Microsoft Corp. is still an open question.
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Economic Report: Service sector crumbles in Oct., ISM says
More nonmanufacturing companies in the United States, a key source of
economic strength over the past two decades, buckled in October under
the weight of the economic woes facing consumers.
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Israel Stocks: Market snaps 5-day win streak; Ormat rises
Israeli stocks traded in a volatile session and snapped a five-day
winning streak on Wednesday, in the first chance Israeli traders had
to react to the news that Barack Obama was elected president of the
U.S.
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Sanyo first-half profit more than doubles
Sanyo Electric Co. said Wednesday its net profit for
the half year more than doubled, helped by one-time gains from the
sale of its cellular phone business.
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FCC approves use of 'white spaces' spectrum
Large technology companies including Google and Microsoft wins a
years-long, intensive lobbying battle with television broadcasters and
telecom companies when the Federal Communications Commission votes to
authorize the unlicensed
use of "white spaces" spectrum.
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Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in
Wednesday's session are Cisco Systems Inc., Time Warner Inc., and News
Corp.
Date: Wed, 5 Nov 2008 17:32:08 -0500
| Dow : 9139.27 down 486.01 | S & P : 952.77 down 52.98 |
| NASDAQ: 1681.64 down 98.48 | Bond (10Y): 3.70%, 102.38
MARKETS:
Dow sheds 486 points
Post-election worries about the weak economy are front and center.
Date: Wed, 05 Nov 2008 17:01:30 -0500
U.S. stocks give back the largest Election Day gains in more than two
decades, as investors looked beyond President-elect Barack Obama's
historic win to the
dismal state of the economy.
CISCO REPORTS 8% JUMP IN SALES, FLAT QUARTERLY PROFIT
Cisco Systems Inc. reports an 8% jump in fiscal first-quarter sales,
but its net income is flat.
WORLD AWAITS OBAMA'S RESPONSE TO ECONOMIC CRISIS
Victory may be sweet, but a potentially deep U.S. recession and a
global financial crisis will give Democrat Barack Obama little time to
bask in the after glow of his historic win in the U.S. presidential
election, economists say.
BOND INSURERS AMBAC, MBIA REPORT WIDER QUARTERLY LOSSES
Ambac Financial and MBIA Inc. lose at least a fifth of their market
value after reporting bigger-than-expected quarterly losses from
exposures to complex credit derivatives linked to the sagging housing
market.
Cisco's net income comes in flat, below estimates; sales are up 8% to
Date: Wed, 5 Nov 2008 14:57:03 -0500
Crude oil lost $5.23 to close at $65.30 as the Dow lost 300 points
and grim economic news crimped energy demand outlook.
Date: 5 NOV 2008 17:10:15 GMT
Equity markets in Moscow end with gains after staying closed for a
holiday during the previous two sessions, while Russian shares listed
in New York and London post steep losses.
Date: Wed, 05 Nov 2008 12:01:19 -0500
World awaits Obama's response to economic crisis
Victory may be sweet, but a potentially deep U.S. recession and a
global financial crisis will give Democrat Barack Obama little time to
bask in the after glow of his historic win in the U.S. presidential
election, economists said Wednesday.
DEMOCRATS PAD CONGRESSIONAL MAJORITIES ON ELECTION DAY
Democrats scored victories in five important Senate races Tuesday,
adding to their majority in the chamber on the same night that Sen.
Barack Obama became the first African-American to win the U.S.
presidency.
OBAMA COMPLETES HISTORIC JOURNEY TO PRESIDENCY
Promising change in a climate of unprecedented voter discontent, Sen.
Barack Obama rode massive voter turnout to a sweeping victory in
Tuesday's presidential contest over Sen. John McCain, becoming the
first African-American elected as the nation's chief executive.
Date: Wed, 05 Nov 2008 12:01:19 -0500
Victory may be sweet, but a potentially deep U.S. recession and a
global financial crisis will give Democrat Barack Obama little time to
bask in the after glow of his historic win in the U.S. presidential
election, economists said Wednesday.
DEMOCRATS PAD CONGRESSIONAL MAJORITIES ON ELECTION DAY
Democrats scored victories in five important Senate races Tuesday,
adding to their majority in the chamber on the same night that Sen.
Barack Obama became the first African-American to win the U.S.
presidency.
FUTURES MOVERS: OIL FALLS FOLLOWING ELECTION OUTCOME, MIXED U.S. SUPPLY DATA
Crude-oil futures fell early Wednesday, giving up some ground after
soaring more than 10% in the previous session, as traders awaited the
latest data on U.S. petroleum supplies due later today.
CURRENCIES: DOLLAR MIXED, YEN MOSTLY HIGHER AS EUROPEAN BANKS DISAPPOINT
Disappointing earnings outlooks from European banks Wednesday
overshadowed the impact of Democrat Barack Obama's historic U.S.
presidential victory, trimming
risk appetite and lifting the Japanese yen and the U.S. dollar to modest gains.
OBAMA COMPLETES HISTORIC JOURNEY TO PRESIDENCY
Promising change in a climate of unprecedented voter discontent, Sen.
Barack Obama rode massive voter turnout to a sweeping victory in
Tuesday's presidential contest over Sen. John McCain, becoming the
first African-American elected as the nation's chief executive.
Date: Wed, 5 Nov 2008 09:33:04 -0500
Stocks sink at the open as the troubled economy comes into focus the
moring after an historic election.
Date: 5 NOV 2008 14:32:24 GMT
XTO Energy on Wednesday said third-quarter net income rose by 26%
thanks to higher production, revenue and cash flow at the domestic
natural gas giant, which said it expects to grow its 2009 cash flow by
at least 25%.
Date: 5 NOV 2008 14:36:48 GMT
Transocean posts a better-than-expected third-quarter profit on
Wednesday, as the offshore specialist manages to increase day rates on
its drilling fleet.
Date: 5 NOV 2008 14:04:29 GMT
SunPower Corp. on Wednesday warned that earnings growth in the fourth
quarter and 2009 will be hurt by currency problems, as the solar panel
operator struggles with a stronger dollar against the euro.
U.S. stocks down in morning trades; Dow industrials fall as much as 202 points
Date: 5 NOV 2008 15:37:39 GMT
Devon Energy on Wednesday said third-quarter net income tripled to
nearly $3 billion as the natural-gas producer benefited from higher
energy prices and increased production, despite the impact of
Hurricanes Gustav and Ike.
Date: Wed, 5 Nov 2008 08:26:04 -0500
Payroll services firm ADP says jobs fell 157,000 in October - with
more than 75% of drop coming from goods producers.
Date: 5 NOV 2008
European shares ended their best winning streak of the year on
Wednesday, as investors paused for breath after Barack Obama swept to
victory in the U.S. presidential election.
Date: 5 NOV 2008 13:36:05 GMT
CMS Energy says its third-quarter net income slips nearly 4% due to a
weaker U.S. economy and tighter credit markets.
Date: 5 NOV 2008 13:33:10 GMT
Duke Energy Corp. on Wednesday fell short of Wall Street's earnings
target as the electricity giant said mild summer weather and
storm-related outages in the Midwest led to a 65% drop in
third-quarter profit.
Date: Wed, 05 Nov 2008 05:35:37 -0800 (PST)
President-Elect Barack Obama Offers White House Chief of Staff Job to
Rep. Rahm Emanuel, D-Ill.
Google pulls out of search pact with Yahoo
Date: Tue, 04 Nov 2008 20:27:57 -0800 (PST)
John McCain congratulates Barack Obama on his "historic" election as
president of "the greatest nation on Earth."
Date: Tue, 04 Nov 2008 20:04:00 -0800 (PST)
Barack Obama Will Be Next President of the United States.
Date: Tue, 04 Nov 2008 21:55:39 -0600
Democrat Barack Obama is edging ever closer to winning the 2008
presidential election, winning the vital battleground states of Ohio,
Pennsylvania and Virginia while severely damaging the hopes of
Republican John McCain.
Date: Tue, 04 Nov 2008 20:45:45 -0600
Democrat Barack Obama has won the battleground state of Ohio, the
Associated Press is projecting, giving him another key prize of the
presidential election so far and strongly dimming Republican John
McCain's chances of victory.
Date: Tue, 04 Nov 2008 14:58:50 -0800 (PST)
EXIT POLLS: ECONOMY MOST IMPORTANT ISSUE FOR VOTERS [5:53 p.m. ET]
Date: Tue, 04 Nov 2008 21:26:42 -0500
Obama wins Ohio: networks
11/4/2008 9:24:39 PM EDT
Date: Nov 4, 2008 8:55 PM
PHILADELPHIA (AP) - Democratic presidential nominee Barack Obama has won the
battleground state of Pennsylvania.
Tuesday, 11/4/2008
| Dow : 9625.28 up 305.45 | S & P : 1005.75 up 39.45 |
| NASDAQ: 1780.12 up 53.79 | Bond (10Y): 3.72%, 102.19
-----------------------------------------------------------------------------
MARKETS:
Wall Street's Election Day rally
Stocks sizzle as millions of Americans head to the polls. Lending
rates ease. Oil prices spike.
Date: Tue, 04 Nov 2008 17:02:41 -0500
U.S. stocks rally as millions of Americans cast ballots to determine whether
Republican John McCain or Democrat Barack Obama wins the presidency,
with polls favoring the latter to replace George W. Bush in the White
House.
AMERICANS GO TO POLLS FOR HISTORIC PRESIDENTIAL VOTE
Millions of Americans are casting votes for the next president of the United
States, with Democratic candidate Barack Obama leading Republican rival John
McCain in every poll.
DEMOCRATS ANTICIPATING BIG WINS ON CAPITOL HILL
U.S. voters are choosing lawmakers in elections across the country in addition
to a new president, with Democrats appearing poised to pick up several new
seats in both houses of Congress on this historic Election Day.
YAHOO HAS LITTLE REMAINING UPSIDE IN GOOGLE DEAL, ANALYSTS SAY
A revised search deal with Google is likely to limit the upside for Yahoo and
could push the troubled Web portal back to considering a merger with Microsoft,
analysts say.
Date: Tue, 4 Nov 2008 11:56:03 -0500
Rally on Wall Street intensifies, with Dow crossing 300 point
threshold for second time in the session.
Date: Tue, 04 Nov 2008 12:01:24 -0500
U.S. stocks rally as millions of Americans cast ballots for the next
president,with investors cheered by the coming clarity of the election
pitting Republican John McCain against Democrat Barack Obama.
U.S. VOTERS LINE UP AT POLLS WITH SURVEYS FAVORING OBAMA
Millions of Americans are casting votes Tuesday morning for the next
president of the United States, with Democrat Barack Obama leading
rival John McCain in every poll.
CURRENCIES: DOLLAR FALLS SHARPLY VS. RIVALS AS RISK APPETITE RETURNS
The dollar and the yen lose ground against most major currencies
Tuesday, slipping as equity markets rise on a further rise in risk
appetite, strategists said.
AUSTRALIA SLASHES CASH RATE TO 5.25%
The Reserve Bank of Australia cut its cash rate by a
larger-than-expected three-quarters of a percentage point Tuesday,
citing the effects of the global slowdown, falling commodity prices
and a likely downturn in domestic spending.
ECB, BANK OF ENGLAND NEXT TO JOIN RATE-CUT PARTY
The Bank of England and the European Central Bank each are expected to
cut rates by a half-point on Thursday -- and possibly more.
Date: Tue, 04 Nov 2008 00:52:36 -0500
Presidential vote begins as polls open in Dixville Notch, N.H.
11/4/2008 12:50:21 AM EDT
Dow industrials up 180 points as Election Day opens with gains for U.S. stocks
11/4/2008 9:32:33 AM EDT
Date: 4 NOV 2008 13:44:39 GMT
U.S. stock futures pointed higher Tuesday as voters headed to the
polls to choose a new president and as some analysts say much of the
bad news around the economy and earnings is priced into stocks.
Date: Tue, 4 Nov 2008 09:31:03 -0500
Stocks surge at the open as credit thaws further and voters
nationwide begin casting their votes in the presidential election.
Date: 4 NOV 2008 13:37:50 GMT
Futures Movers - Crude-oil futures gain in early trade as dollar falls
Oil futures trade higher, rebounding after falling nearly 6% in the
previous session, as the U.S. dollar falls against rivals and
Americans head to the polls to elect their next president.
Date: Mon, 03 Nov 2008 22:39:46 -0500
Australia cuts key interest rate 0.75 point to 5.25%
11/3/2008 10:37:38 PM EDT
Date: Mon, 03 Nov 2008 14:00:58 -0800 (PST)
Barack Obama's Grandmother Passes Away [4:35 p.m. ET]
Date: Mon, 03 Nov 2008 18:00:11 -0500
Technology stocks battled back in the closing minutes of Monday's
trade to eke out a small gain as the broader market sank on grim news
from the manufacturing sector.
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Tech Stocks: Chip stocks power tech sector; Sun, EA sell heavy on reports
10/31/2008 5:15 PM ET
Technology stocks close with mostly strong gains, led by a sharp
upswing from the semiconductor equipment sector that is partially
offset by sharp sell-offs at firms such as Sun Microsystems and
Electronic Arts.
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Small-cap bargains make Cinnamond Stockpicker of the Quarter
11/3/2008 7:21 PM ET
Small companies are often overlooked, unappreciated and hard to
understand. That's just how Eric Cinnamond likes them.
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Yahoo, Google submit revised ad deal to DOJ: WSJ
11/3/2008 5:42 PM ET
Yahoo and Google submit a revised version of their proposed
advertising partnership for antitrust review by the U.S. Justice
Department amid growing concerns over whether it will be allowed to
proceed, according to a media report.
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Marvell lowers third-quarter revenue outlook
11/3/2008 4:47 PM ET
Marvell Technology lowers its third-quarter revenue outlook, saying
the global economic slowdown has "significantly impacted" the
company's business.
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Circuit City to shut 155 stores to preserve cash and stay afloat
Suffering from declining sales, traffic and cash, the electronics
retailer says it's shutting 155 U.S. underperforming stores in a
last-ditch efforts to stay afloat before what some analysts predict
may be an unavoidable bankruptcy.
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Yahoo executive exodus continues with Moore
11/3/2008 4:04 PM ET
Yahoo Inc. on Monday confirmed that Scott Moore,
an executive who oversaw media properties such as its sports and
finance Web sites, has become the latest executive to leave the
embattled Internet company.
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Apple cutting back iPhone production, analyst says
11/3/2008 12:58 PM ET
Apple Inc. may be drastically scaling back production of its popular
iPhone for the crucial fourth-quarter shopping season as the economy
slips further into a recession, according to a brokerage report.
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Chips sector gets upgrade, but analysts warn of tough year ahead
11/3/2008 11:45 AM ET
Semiconductor stocks receive a boost from a Citigroup upgrade, but two
other research groups warn that the sector faces a tough year ahead.
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Telecom Stocks: Sprint, phone stocks sizzle higher
11/3/2008 11:19 AM ET
Sprint Nextel Corp. soared as much as 25% to lead
phone stocks higher in Monday trades. Equipment stocks were mixed.
Date: 3 NOV 2008 23:38:11 GMT
Among the companies whose shares are expected to see active trade in
Tuesday's session are Archer Daniels Midland Co., Tenet Healthcare
Corp., and Teradata Corp.
Date: 3 NOV 2008 23:43:20 GMT
Don't expect the oil market to stabilize immediately after the world
finds out who will become the next U.S. president.
Monday, 11/3/2008
| Dow : 9319.83 down 5.18 | S & P : 966.30 down 2.45 |
| NASDAQ: 1726.33 up 5.38 | Bond (10Y): 3.91%, 100.69
MARKETS:
Stocks struggle ahead of election
Wall Street seesaws after last week's advance as investors consider
weak economic reports and look to Election Day.
Date: Mon, 03 Nov 2008 17:01:46 -0500
Ford posts a 30% drop in U.S. sales for October, blaming "an economic
gauntlet the likes of which haven't been seen in more than two
decades."
ECONOMIC REPORT: BANKS TIGHTEN CREDIT FURTHER, FED SAYS
As fears about the economy grew, banks doing business in the United
States have made it much tougher over the past three months for their
customers to borrow money, the Federal Reserve reports.
CIRCUIT CITY TO SHUT 155 STORES TO PRESERVE CASH AND STAY AFLOAT
Suffering from declining sales, traffic and cash, the electronics
retailer says it's shutting 155 U.S. underperforming stores in a
last-ditch efforts to stay afloat before what some analysts predict
may be an unavoidable bankruptcy.
APPLE CUTTING BACK IPHONE PRODUCTION, ANALYST SAYS
Apple Inc. may be drastically scaling back production of its popular
iPhone for the crucial fourth-quarter shopping season as the economy
slips further into a recession, according to a brokerage report.
11/3/2008 1:54:03 PM EDT
Date: Mon, 3 Nov 2008 14:54:06 -0500
Oil settles down $3.90 at $63.91 a barrel.
Date: 3 NOV 2008 16:33:47 GMT
Canadian stocks vacillate, as higher gold prices push the metals and
materials sectors higher but falling crude-oil prices pressure energy
companies.
Date: 3 NOV 2008 18:30:35 GMT
VeraSun Energy's bankruptcy marks the latest chapter in a
boom-and-bust story written by the largest publicly traded,
stand-alone ethanol producer in the U.S., as the biofuels business
endures growing pains under a government mandate to boost production
significantly in the next several years.
Date: Mon, 3 Nov 2008 13:48:02 -0500
General Motors reports 45% drop in October auto sales.
Date: Mon, 03 Nov 2008 12:01:25 -0500
U.S. stocks climb after vacillating in early trading as investors
digest data showing a decline in U.S. manufacturing activity during
October.
ECONOMIC REPORT: FACTORY OUTPUT WEAKEST IN 26 YEARS, ISM SURVEY SAYS
The nation's manufacturing firms reported the worst level of output in
26 years, further evidence that the economy is headed for a sharp
downturn, according to a closely followed survey of top executives.
TOP EUROPE BANKS OUTLINE WOES THAT LED TO FUNDING REQUESTS
Several top European banks on Monday detailed the strains from the
credit crisis, with Britain's Lloyds TSB and HBOS, France's Societe
Generale and Germany's Commerzbank each outlining the woes that led
them to take government cash.
CITI SAY CREDIT CARD LOSSES MAY HIT RECORD LEVELS IN 2009
Citigroup says it lost $1.4 billion in the third quarter from credit card
securitizations and that it expects such losses will continue, possibly
reaching record levels in 2009.
TALKS BETWEEN CHRYSLER AND RENAULT-NISSAN HALTED, REPORT SAYS
Talks between the Renault-Nissan alliance and Chrysler LLC owner
Cerberus Capital Management LP have halted, said the Detroit News
Saturday.
Date: 3 NOV 2008 13:35:49 GMT
Crude-oil futures trade lower early Monday after gaining nearly 6%
last week, as traders continue to worry about the impact of a global
economic slowdown on energy demand.
Date: Mon, 3 Nov 2008 10:35:08 -0500
Goldman Sachs shuffles its bets in the face of a deeper-than-expected
slowdown in the oil services arena by upgrading sector leader
Schlumberger and cutting its ratings on Halliburton.
Date: Mon, 3 Nov 2008 10:03:02 -0500
Manufacturing activity contracted sharply in October, according to
latest survey of supply managers.
Date: 3 NOV 2008 15:16:49 GMT
Nicor shares fell Monday after the electric utility and natural gas
distribution company reported a worse-than-forecast 91% profit fall on
rising expenses.
Date: Mon, 03 Nov 2008 09:55:34 -0500
U.S. stock indexes rise in early trades Monday; Nasdaq sets pace
11/3/2008 9:53:34 AM EDT