Friday, March 27, 2009

FDIC takes over Omni National Bank of Atlanta in 21st bank failure of the year

Date: Fri, 27 Mar 2009 17:26:42 -0400

FDIC takes over Omni National Bank of Atlanta in 21st bank failure of the year
3/27/2009 5:24:52 PM EDT

U.S. stocks finish in the red Friday; Dow industrials gain 6.8% on the week

Date: Fri, Mar 27, 2009 at 4:07 PM

U.S. stocks finish in the red Friday; Dow industrials gain 6.8% on the week
3/27/2009 4:05:30 PM EDT

U.S. STOCKS: Stocks Slide as Rally Fizzles...

Date: Fri  27, Mar 2009 4:03 ET

| DOW............7776............-148.7 ........|
|
| NASDAQ .....1545..............-41.80.......|
|
| S & P 500......816.............-16.94.........|
|
| OIL......... 52.08.......-2.26.........-4.15%.|

Chinese central bank slams other nations' lack of regulation

Date: Fri, Mar 27, 2009 at 12:01 PM

Chinese central bank slams other nations' lack of regulation

A new statement by the People's Bank of China lambastes financial regulators
around the world for missing the warning signs leading up to the current crisis
and dismisses the notion that markets can regulate themselves.

CURRENCIES: DOLLAR UP; GERMAN WARNING PRESSURES EURO

A budget warning from Germany's finance minister pressures the euro Friday,
while the dollar gains ground versus most major rivals.

BARCLAYS REPORTEDLY WON'T NEED MORE CAPITAL; SHARES MOVE HIGHER

Shares in U.K. lender Barclays move sharply higher Friday after a report that
U.K. regulators believe the bank doesn't need any fresh capital.

U.S. consumer spending fades, with incomes lowest in nearly a year

Date: Fri, 27 Mar 2009 08:44:18 -0400

U.S. consumer spending fades, with incomes lowest in nearly a year
3/27/2009 8:39:13 AM EDT

Dow industrials down more than 100 points at open; GM and Kraft are index's lone advancers

Date: Fri, 27 Mar 2009 09:37:25 -0400

Dow industrials down more than 100 points at open; GM and Kraft are
index's lone advancers
3/27/2009 9:35:43 AM EDT

Thursday, March 26, 2009

U.S. STOCKS: Stocks on Track for Second Straight Gain

Date: Thu  26, Mar 2009 4:05 ET

| DOW............7923........... +173.16........|
|
| NASDAQ .....1587..............+58.05........|
|
| S & P 500......833..............+18.86........|
|
| OIL................. 54.15.........+1.38...+2.61%.|

Mortgages rates fall to record lows; 30-year at 4.85%

Date: Thu, 26 Mar 2009 12:01:44 -0400

Mortgages rates fall to record lows; 30-year at 4.85%

The average rate on 30-year fixed-rate mortgages hit a record low this
week, after the Federal Reserve announced it would purchase Treasury
securities over the next six months, Freddie Mac's chief economist
said onThursday.


GEITHNER UNVEILS NEW RULES FOR THE WALL STREET GAME

Treasury Secretary Timothy Geithner is expected to propose sweeping
new financial regulations during Congressional testimony Thursday,
including tougher government oversight of financial risk taking,
according to reports.

CHINA CENTRAL BANKER SEES GROWTH RECOVERY ON 'SUPERIOR SYSTEM'

People's Bank of China Governor Zhou Xiaochuan, in a week in which he
called for the abandonment of the dollar as the world's reserve
currency, says economic growth in China is recovering due to the
country's "superior system
advantage."


ECONOMIC REPORT: U.S. ONGOING JOBLESS CLAIMS RISE 122,000 TO RECORD 5.56 MILLION

The number of people collecting state unemployment benefits reaches
yet another new record, jumping 122,000 to a seasonally adjusted 5.56
million, Labor Department data show. First-time claims also tick
higher.

BEST BUY'S FORECAST EXCEEDS ESTIMATES, LIFTING STOCK

Investors cheer a rosier-than-expected forecast by the nation's
largest electronics retailer even after it posted 23% drop in its
quarterly profit.

Benchmark 30-year mortgage rate hits record-low 4.85%

Date: Thu, 26 Mar 2009 10:26:17 -0400

Benchmark 30-year mortgage rate hits record-low 4.85%
3/26/2009 10:24:02 AM EDT

Fourth-quarter gross domestic product contracts at 6.3% pace, not as steep as expected

Date: Thu, 26 Mar 2009 08:34:10 -0400

Fourth-quarter gross domestic product contracts at 6.3% pace, not as
steep as expected
3/26/2009 8:32:09 AM EDT

Nasdaq sets pace for early stock-index gains, up 1.8%; Dow rises 80 points

Date: Thu, 26 Mar 2009 09:42:43 -0400

Nasdaq sets pace for early stock-index gains, up 1.8%; Dow rises 80 points
3/26/2009 9:41:02 AM EDT

Wednesday, March 25, 2009

Dow industrials finish up 1% after stocks' day-end surge

Date: Wed, 25 Mar 2009 16:06:22 -0400

Dow industrials finish up 1% after stocks' day-end surge
3/25/2009 4:04:38 PM EDT

Stocks Retreat as Econ Cheer Fades...

Date: Wed 25, Mar 2009 4:01 PM ET

| DOW............7747............ +87.21..........|
|
| NASDAQ .....1529.............+12.43..........|
|
| S & P 500......814...............+7.84...........|
|
| OIL............... 52.90........... -1.08............|

Economic reports may boost longevity of U.S. stock rally

Date: Wed, Mar 25, 2009 at 12:01 PM

Economic reports may boost longevity of U.S. stock rally

A surprising pickup in demand for big-ticket manufactured goods as well as the
unexpected rise in new home sales last month are among the rays of hope
delivered Wednesday for the troubled economy and the stock market -- and
analysts say the recent rise in oil prices also underscores the potential
durability of Wall Street's rally.

GEITHNER DETAILS PLAN FOR 'TOO BIG TO FAIL' COMPANIES

Treasury Secretary Timothy Geithner unveils legislation to give the Treasury
Department authority to seize control of any financial institution whose
collapse would threaten the U.S. economy.

ECONOMIC REPORT: DURABLE-GOODS ORDERS JUMP IN FEBRUARY, SURPRISING ECONOMISTS

Demand for machinery and other capital goods rises in February, driving orders
for durable goods up 3.4%, the Commerce Department reports.

ECONOMIC REPORT: NEW-HOME SALES REBOUND 4.7% IN FEBRUARY, FIRST GAIN SINCE JULY

Sales of new homes nationwide rebounded by 4.7% in February after hitting a
record low in the prior month, the Commerce Department reports.

U.K.'S BROWN DOWNPLAYS FISCAL RIFT, WARNS AGAINST PROTECTIONISM

British Prime Minister Gordon Brown warns that protectionism poses the biggest
risk to a recovery from a global economic downturn and downplays a warning from
his own nation's central bank over government spending.

U.S. new-home sales rise nearly 5% in February

Date: Wed, 25 Mar 2009 10:26:09 -0400

U.S. new-home sales rise nearly 5% in February
3/25/2009 10:18:12 AM EDT

Breaking News: Durable goods orders jump after 7 months

Date: Wed, 25 Mar 2009 07:59:41 -0500

Orders for long-lasting manufactured goods unexpectedly rebounded 3.4%
in February, news that could bring some cheer to an economy mired in
recession. It was the largest jump since Dec. 2007.

Dow industrials up triple digits in opening half-hour of session

Date: Wed, 25 Mar 2009 09:54:08 -0400

Dow industrials up triple digits in opening half-hour of session
3/25/2009 9:52:20 AM EDT

Tuesday, March 24, 2009

U.S. STOCKS: Dow Sheds Over 110 After Late Sell-Off

Date: Tues 24, Mar 2009 4:16 ET

| DOW............7660............ -115.57..........|
|
| NASDAQ .....1518.............-37.60............|
|
| S & P 500......806...............-16.61..........|
|
| OIL............... 53.56........... -0.24............|

Bernanke tried to stop AIG bonuses to no avail

Date: Tue, 24 Mar 2009 12:01:42 -0400
Bernanke tried to stop AIG bonuses to no avail

ECONOMIC REPORT: HOME PRICES RISE FOR THE FIRST TIME IN A YEAR, FHFA SAYS

U.S. home prices rose 1.7% in January compared with December, the
Federal Housing Finance Agency reported Tuesday. It was the first
monthly increase in ayear.


BUFFETT'S GOLDMAN WARRANTS CLOSE TO BEING 'IN THE MONEY'

Goldman Sachs warrants held by Warren Buffett's Berkshire Hathaway are
close to becoming a lot more valuable after a sharp rally in the
investment bank's shares in recent months.

WILLIAMS-SONOMA NET TUMBLES 90% ON SLACK DEMAND

Williams-Sonoma Inc.'s fiscal fourth-quarter profit tumbles 90% as
declining housing and credit markets cut demand for its home
furnishings.

U.S. home prices rise for first time in 12 months

Date: Tue, 24 Mar 2009 10:53:58 -0400

U.S. home prices rise for first time in 12 months
3/24/2009 10:52:16 AM EDT

Monday, March 23, 2009

U.S. STOCKS: Dow Up 497.8 as Closing Bell Nears

Date:Mon 23, Mar 2009 4:05 ET

| DOW............7776........... +497.48...........+6.83%....|
|
| NASDAQ .....1556..............+98.50...........+6.75%....|
|
| S & P 500......823...............+54.37..........+7.07%....|
|
| OIL............... 53.88........... +1.81............+3.47%....|

Breaking News Mon., March 23, 2009

Date: Mon, 23 Mar 2009 12:50:24 -0700 (PDT)

Dow Up More Than 400 Points on News of Toxic Asset Plan and Higher
Home Sales [3:30 p.m. ET]

Breaking News Mon., March 23, 2009

Date: Mon, Mar 23, 2009 at 12:16 PM

Lance Armstrong Taken to Hospital After He Crashes at Cycling Event in
Spain [11:56 a.m. ET]

Measure of uncertainty remains elevated even as stocks rally

Date: Mon, Mar 23, 2009 at 12:01 PM
Measure of uncertainty remains elevated even as stocks rally

The stock market's latest bounce has the S&P 500 tallying its best three-day
winning streak since late November, yet the CBOE Volatility Index – which
measures uncertainty -- edges only slightly lower, signaling ongoing wariness
about the market's direction.

FINANCIAL STOCKS: BANKING STOCKS RALLY ON TREASURY PLAN FOR TOXIC ASSETS

The U.S. financial sector was set to open sharply higher after the Treasury
Department unveiled a long-awaited government plan to rid banks' balance sheets
of troubled assets and get credit flowing again.

TREASURY DETAILS PUBLIC-PRIVATE PLAN FOR BANKS' TOXIC ASSETS

The U.S. Treasury details a plan designed to help investors purchase $500
billion worth of toxic assets that remain on bank balance sheets and have left
lending largely frozen.

FUTURES MOVERS: OIL RALLIES AS TREASURY'S PLANS RAISE OPTIMISM

Crude-oil futures rally about 3% Monday to above $53 a barrel, pacing strong
gains in U.S. stock markets, as the Treasury's plans to relieve banks of toxic
assets raise hopes of an economic recovery and increased energy demand.

METALS STOCKS: GOLD FALLS AS TREASURY DETAILS TOXIC ASSETS PLAN

Gold futures fall Monday for a second straight session as the U.S. Treasury
details a plan designed to help the private sector buy $500 billion worth of
toxic assets, boosting investors' confidence and reducing the metal's
safe-haven appeal.

U.S. existing-home sales up 5.1% in February; Realtors cite 'deep' discounting

Date: Mon, 23 Mar 2009 10:04:45 -0400

U.S. existing-home sales up 5.1% in February; Realtors cite 'deep' discounting
3/23/2009 10:02:31 AM EDT

Banking stocks set to surge at open on toxic-assets plan

Date: Mon, 23 Mar 2009 09:10:03 -0400

Banking stocks set to surge at open on toxic-assets plan
3/23/2009 9:08:06 AM EDT

Dow industrials up as much as 163 points as U.S. stocks open week with gains

Date: Mon, 23 Mar 2009 09:37:41 -0400

Dow industrials up as much as 163 points as U.S. stocks open week with gains
3/23/2009 9:35:51 AM EDT

Treasury says public-private program to have potential to buy $1 trillion in toxic assets

Date: Mon, 23 Mar 2009 08:09:13 -0400

Treasury says public-private program to have potential to buy $1
trillion in toxic assets
3/23/2009 8:07:05 AM EDT