Breaking News Sat., April 11, 2009
Date: Sat, 11 Apr 2009 10:52:30 -0700 (PDT)
Safe Harbor: Hijacked U.S. Cargo Ship Arrives at Kenya Port [1:34 p.m. ET]
BFSA - Blog for Sino-American 中 美 网 >> http://sinoam.blogspot.com
Date: Sat, 11 Apr 2009 10:52:30 -0700 (PDT)
Safe Harbor: Hijacked U.S. Cargo Ship Arrives at Kenya Port [1:34 p.m. ET]
Date: Fri, 10 Apr 2009 17:26:50 -0400
FDIC takes over Cape Fear Bank of North Carolina in 22nd bank failure
of the year
4/10/2009 5:24:52 PM EDT
Date: Fri, 10 Apr 2009 17:31:03 -0400
| Dow : 8083.38 up 246.27 | S & P : 856.56 up 31.40 |
|
| NASDAQ: 1652.54 up 61.88 | Bond (10Y): 2.92%, 98.53 |
MARKETS:
Big rally on Wall Street
Wells Fargo's surprisingly upbeat forecast gives stocks a boost.
Market gains for fifth straight week.
Date: 10 APR 2009 18:29:23 GMT
The International Energy Agency once again revises lower its forecast
for 2009 global oil demand, saying that global appetite for oil will
shrink at a pace close to levels last seen in the early 1980s.
Date: Fri, 10 Apr 2009 14:06:13 -0400
Treasury says U.S. budget deficit reaches $957 billion in first six
months of the fiscal year.
Date: Fri, Apr 10, 2009 at 12:01 PM
Investment managers more upbeat, turn to stocks: Northern Trust
Institutional investment managers are feeling more upbeat about prospects for
the market, and they're putting more of their cash to work in stocks,
according to a quarterly survey by Northern Trust.
NIKKEI ENDS SHY OF 9,000, AS ASIAN MARKETS GAIN
Asian markets extend their rally Friday, with energy producers and
automakers leading the advance in the wake of U.S. stocks having
powered higher for a
fifth straight week.
JAPAN'S $154 BILLION STIMULUS EARNS MIXED GRADES
Japan's newest supplemental stimulus package, reported to total 15 trillion yen
($154 billion), is receiving mixed reviews from analysts, many of whom say it
bears shades of the bridges-to-nowhere packages of the 1990s that left the
nation saddled with debt.
CHINA PLACES LIMITS ON SENIOR EXECUTIVE PAY LEVELS
Beijing will limit the pay of senior executives at state-owned firms,
such as banks and insurance companies, as part of efforts to quell
public resentment at corporate high-fliers during the economic crisis.
Date: Friday, April 10, 2009
China's trade surplus widens to $18.6 billion in March as exports
contact at a slower pace than imports, according to official data
released Friday.
Date: Friday, April 10, 2009
U.S. Captain Held Hostage by Pirates Attempted Escape, Was Quickly
Recaptured [7:08 a.m. ET]
Date: Thu., April 9, 2009 at 4:10 PM EST
| DOW...........8083..........+246.27............|
|
| NASDAQ ....1653..........+61.88..............|
|
| S & P 500.....857...........+31.40.............|
|
| OIL........52.05 ....+2.86......+5.81%........|
Date: Thursday, April 9, 2009
March sales offer some hope that retail's worst may be over
Retailers' March sales results offered some glimmers of hope that the
industry may have endured the recession's worst.
ECONOMIC REPORT: INITIAL JOBLESS CLAIMS DIP; CONTINUING CLAIMS HIT NEW RECORD
First-time claims for state unemployment benefits dip a
seasonally-adjusted 20,000 to 654,000 in the week ended April 4,
reaching a level that is 83 higher than the same period in the prior
year, the Labor Department reports Thursday.
MIDDLE EAST GROUP REPORTEDLY EYES TEXTRON DEAL AT $21 A SHARE
Shares of Textron rally as a Kuwaiti newspaper reports a group of
United Arab Emirates companies and a Kuwaiti firm are interested in
buying the maker of Cessna jets and Bell helicopters.
JAPAN'S $154 BILLION STIMULUS EARNS MIXED GRADES
Japan's newest supplemental stimulus package, reported to total 15
trillion yen ($154 billion), is receiving mixed reviews from analysts,
many of whom say it
bears shades of the bridges-to-nowhere packages of the 1990s that left the
nation saddled with debt.
Date: Wednesday, April 8, 2009
Hong Kong's Hang Seng Index jumps almost 2% at open, joining Asia rebound
4/8/2009 10:05:27 PM EDT
Date: Wednesday, April 8, 2009
Japan's Nikkei rebounds almost 2% in early trade
4/8/2009 8:34:36 PM EDT
Date: Wed., April 8, 2009 at 4:02 PM EST
| DOW...........7837..........+47.63..........|
|
| NASDAQ ....1591..........+29.05..........|
|
| S & P 500.....825...........+9.58...........|
|
| OIL...49.94 ....+0.79........+1.60%.......|
Date: Wed, Apr 8, 2009 at 2:33 PM
Captain of Pirated U.S. Ship Still Held Hostage, Negotiations Ongoing
AP Reports [2:13 p.m. ET]
Date: Wednesday, April 8, 2009
Date: Wednesday, April 8, 2009
SEC OKs effort to limit short sales
Under pressure from lawmakers and financial institutions, the
Securities andExchange Commission aired five different proposals for
reinstating the uptick rule, a provision that would limit short
selling.
BOND REPORT: TREASURYS HOLD GAINS AS FED COMES BACK INTO MARKET
Treasury prices find support ahead of expected purchases of debt by
the Federal Reserve during the session.
FINANCIAL STOCKS: LIFE INSURANCE STOCKS RALLY ON REPORT TREASURY WILL AID SECTOR
Shares of U.S. life insurers rally after a published report said the Treasury
Department has decided to extend bailout funds to several struggling
companies in the sector.
BEYOND ALCOA'S LOSS, ANALYSTS SEE SIGNS OF STRONGER COMPANY
Shares of Alcoa recover from early weakness as investors look beyond the
company's wider-than-forecast loss for the first quarter. Merrill Lynch
analysts find reasons to be optimistic about the outlook for the blue-chip
aluminum fabricator.
PULTE AND CENTEX TO MERGE IN DEAL CREATING TOP U.S. HOME BUILDER
Pulte Homes on Wednesday says it's buying Centex in an all-stock deal
that will create the largest U.S. home builder.
Date: Wednesday, April 8, 2009
NEW YORK
Oil futures fell Wednesday for a fourth straight session, marking
their biggest losing streak in two months after the American Petroleum
Institute reported a large increase in crude inventories.
Date: Wednesday, April 8, 2009
Iran Charges Detained U.S. Journalist With Espionage, Iranian News
Agency Reports [8:28 a.m. ET]
Date: Tue., April 7, 2009 at 4:04 PM EST
| DOW...........7790...........-186.29........|
|
| NASDAQ ....1562...........-45.10..........|
|
| S & P 500......816...........-19.94.........|
|
| OIL...49.05 ....-2.00........-3.91%.........|
Date: Tue, 07 Apr 2009 12:01:15 -0400
Bank of Japan expands collateral for loans
The Bank of Japan's policy board takes additional measures to help the
flagging economy, expanding collateral that can be used for loans but
warning that economic conditions will continue to deteriorate.
EARNINGS OUTLOOK: ALCOA SEEN KICKING OFF EARNINGS WITH BIG LOSS
Aluminum giant Alcoa Inc. on Tuesday will be the first Dow component
to deliver quarterly results this earnings season, with Wall Street
girding for another big loss as a precursor to what's expected to be a
tough slew of corporate reports.
THE FED: PANIC TEARS AT THE HEART OF THE SYSTEM, WARSH SAYS
Economic policymakers have had to act forcefully to stem the Panic of
2008, but it's not always clear whether their actions have helped or
hurt, a top Federal Reserve official says.
ECONOMIC REPORT: EURO ZONE'S FOURTH-QUARTER CONTRACTION WORSE THAN THOUGHT
The euro-zone economy's record contraction in the final three months
of 2008 runs deeper than previously thought, statistics agency
Eurostat says.
Date: Tue, 07 Apr 2009 08:49:51 -0500
BAGHDAD - President Obama made a surprise visit to Iraq Tuesday on his
way home from his first trans-Atlantic trip.
Date: Tue, 07 Apr 2009 09:37:15 -0400
Dow industrials down more than 100 points as U.S. stocks skid at the open
4/7/2009 9:34:29 AM EDT
Date: Mon, 06 Apr 2009 18:02:05 -0400
Gold falls below $870 on possible IMF gold sales, rising dollar
Gold futures fall for a third straight session to below $870 an ounce,
wiping out their yearly gains as traders shaved positions on worries
that the 403 tons of gold sales by the International Monetary Fund
will increase supply and depress gold prices.
Date: Mon, 06 Apr 2009 18:01:11 -0400
-----------------------------------------------------------------
Cisco shares fall on downgrade, demand worries
Shares of Cisco Systems fall after Goldman Sachs downgrades the stock
to neutral and Credit Suisse points to further weakness in the
corporate tech market.
-----------------------------------------------------------------
Sun shares plunge almost 23%; IBM deal seen as dead
4/6/2009 4:21 PM ET
Disputes over the proposed selling price and commitments to get
federal regulators to sign off on the proposed $7 billion acquisition
are said to be behind a reported breakdown in buyout talks between the
two technology companies.
-----------------------------------------------------------------
Europe Markets: European shares turn lower as metal extractors drag
4/6/2009 11:56 AM ET
European shares couldn't hold onto early gains on Monday, with losses
from Rio Tinto helping to drag the metals sector lower as Morgan
Stanley said the bear market wasn't over.
-----------------------------------------------------------------
High-tech layoffs climb in first quarter
4/6/2009 11:40 AM ET
WASHINGTON
During the first three months of 2009 the high-tech
sector in the U.S. suffered its deepest layoffs in seven years,
according to a firm that tracks the jobs market.
-----------------------------------------------------------------
Time Warner seeks to amend bondholder deals to free AOL
4/6/2009 11:38 AM ET
SAN FRANCISCO
Time Warner Inc. filed papers Monday seeking to
amend covenants with bondholders that could restrict the company's
ability to spin off its AOL unit.
Date: Mon, 06 Apr 2009 16:06:16 -0400
Dow industrials finish lower for first time in 5 sessions
4/6/2009 4:04:23 PM EDT
Date: Mon., April 6, 2009 at 4:038 PM EST
| DOW..........7974.............-43.17 ........|
|
| NASDAQ .....1607...........-15.16.........|
|
| S & P 500......835............-7.14..........|
|
| OIL...51.11....-1.40........-2.66%..........|
Date: Mon, 06 Apr 2009 12:01:02 -0400
Sun Microsystems Inc. shares plunged as much as 24% Monday following
reports that the company's board of directors turned down a proposed
IBM Corp.'s
acquisition offer of $7 billion.
FINANCIAL STOCKS: BANKS FALL AS ANALYST SEES RED
Shares of major U.S. banks fell in early trading Monday and pressured
the broader market after an influential analyst cautioned that loan
losses in the sector are likely to grow more severe than they did
during the Great Depression.
FUNDWATCH: FUND FIRMS NAMED AND SHAMED FOR CEO PAY VOTES
As the public fumes over multimillion dollar salaries
for corporate executives, attention has turned to the role mutual
funds play in.approving the big payouts.